Cost Analyst

14 Sep 2021
21 Sep 2021
Contract Type
Full Time
Our client based in Aberdeenshire is currently recruiting for a Cost Analyst on a long term contract basis.

The Analyst provides essential input to the cost and budget processes in an accurate and timely manner. This position provides the analysis and support primarily within the Cost performance environment and then to the Performance & Growth team and Management to facilitate in informed decision-making.

Key Responsibilities

This position will provide assistance, under the supervision of the Lead Cost Performance, in providing a range of cost-related activities covering the Asset Operations, Transportation & Tariff cost.

Cost Performance

* Assist the team to embed a culture a continuous cost efficiency improvement across the Asset, by:

* highlighting overall trends of costs and gap analysis

* Identifying cost drivers and measures

* Supporting where appropriate the technical/commercial aspects of commitment proposals

* Analysing costs and forecasts, as directed, to provide variance analysis, this includes cost allocations and charge back mechanisms.

* Assist in the preparation of detailed and summarised cost estimates for Budget Holders, Management etc.

Budgets & Forecasts

* Assist in the preparation of the Budgets and Forecasts and take responsibility for the cost reporting of this data for specific areas of the asset, as directed.

* Liaise with all other cost control teams to ensure consistent workscopes and budget scenarios.

SOX & Internal Control

* Ensure compliance to all internal control and SOX procedures.


* Progress invoice approval with technical and financial approvers.

* Ensure correct coding applied to all commitments.

* Run periodic reports for the cost team and budget holders.

* Provide guidance and support to the Cost Administration and Contract Compliance roles.


* Actively participate in external and internal Audits, as required and agreed by the asset/company management

Education, Qualifications & Experience

* Degree holder with relevant experience preferably in the Oil and Gas industry in a business, commercial or finance environment. Ideally working towards qualified accountancy.

* Familiar with budget preparation, cost control and planning within a large organisation.

* General understanding of the Oil and Gas Industry.

* Computer literate with experience of various applications (primarily SAP, Excel and PowerPoint).

* Accomplished analytical & decision-making skills

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