FP&A Cost Performance Senior Analyst

Entity:

Finance

Job Family Group:

Finance Group

Job Description:

It is an exciting time to join bp. We’ve set out a new purpose to reimagine energy for people and our planet. At the heart of this is accelerating our progress on diversity, equity and inclusion - we aim to be a company where everyone can be their best and true selves and reach their full potential.

Would you like to discover how our diverse, hardworking people are leading the way in making energy cleaner and better – and how you can play your part in our world-class team?

Join our Team and advance your career as a

FP&A Cost Performance Senior Analyst

You will be the part of The Finance Business & Technology (FBT) organization as bp is modernizing and digitizing finance activities. Within FBT, the Financial Planning and Analysis (FP&A) team plays a critical role in driving end-to-end process control and compliance. The FP&A team is instrumental in delivering best-in-class financial insights and analysis to support business decisions, while also contributing to the standardization of our processes and driving operational excellence. By joining the FP&A team, you will be part of a group that brings additional value to bp through innovative financial strategies and solutions.

The Cost Performance Senior Analyst has responsibility for delivering cost performance management including capital expenditure for businesses/functions.  The role will involve closely working with various stakeholders including engineers and other disciplines to develop budgets and forecasts, rigorous cost control, deep dive into cost analysis and understanding of business context for the supported functions/business.

 The incumbent would be required to work under alternative shift arrangements to ensure appropriate overlap hours with European/British or US time

zones.

In this role You will:

Business Partnering and Performance Insights:

• Establish and maintain a proactive business partnering relationship with the relevant Business/Function Leadership team. Ensure underlying performance is well understood. Proactively challenge and propose performance improvements. Monitor and investigate anomalies and trends.
• Support the Performance Management agenda for the entities in scope: Ensure robust and timely forecasts. Deliver MI analysis and commentary for the leadership team.
• Monitor and support cost reduction initiatives: Ensure effective tracking and accurate analysis of profitability. Analyze and interpret actuals. Support reporting and cost allocation processes.

Business Planning:

• Work with stakeholders to produce detailed cost forecasts by activity for the business planning process. Develop insights and highlight areas where performance targets are not being met.
• Submit plan/forecast data into relevant cost management systems: Ensure data quality in the submissions.
• Support ad-hoc and strategic business decisions: model the impact of various business scenarios.  Present results and insights into leadership.
• Accountable for the stewardship and maintenance of the master data and cost center information for the business.  This includes ensuring the appropriate cost and capital expenditure categories are used in budgets and forecasts.

Performance Reporting:

• Responsible for the cost performance reporting activities for the respective business.  Deliver performance insights that the business can action to improve cost performance.
• Provide timely, accurate, and reliable financial and management information.
• Explain the underlying delivery of actuals vs. forecasts on a monthly/quarterly basis: Update in-year outlook.
• Provide input for the cost allocation/recharge process for the entities.  Explain cost allocations to stakeholders as needed.

Continuous Improvement:

• Continuously improve cost related systems and processes to increase automation and move towards increasing the self-service model. 
• Drive to increase the accuracy of forecasts, efficiency of forecasting process and quality of data analytics provided.

What You will need to be successful:

• 5 years of relevant post degree experience in financial reporting, budgeting and forecasting
• Knowledge and application of Plan to Perform