Company: Strategic Resources European Recruitment Consultants Ltd
Skills: Accounting, Financial Analyst
Education: Bachelors/3-5 yr Degree
Employment Type: Full Time Contractor
Salary: Negotiable
Location: Aberdeen, Scotland, United Kingdom
Status: Active

In order to apply for this position, applicants MUST meet the following criteria. If your resume does not match these criteria, you will not be able to apply for this position.

Located in region: Europe


We are currently recruiting for a Cost Analyst on behalf of our client, an Oil and Gas operator. This is a long term contract based in Westhill.

Main Responsibilities:

Prepare timely and accurate cost reporting for both internal and external clients
Analyse actual costs and forecast expenditure as directed and provide details on variances between budget and forecast
Prepare budgets in conjunction with budget holders and as directed by the Lead Cost Performance
Challenge forecasts and expenditure to ensure 'value for money' and consistency of approach within context of complex and dynamic environment
Review cost allocation & charge-back mechanisms periodically, in conjunction with customers to ensure these remain equitable in a changing business environment
Regularly forecast expenditure against budget, highlighting anomalies, whilst helping promote cost consciousness amongst budget holders
Work proactively with peers within the department to ensure that data sent from the department is validated, timely and approved by the relevant personnel and in turn that data used from external departments is approved by the relevant authority in those areas
Responsible for providing back up to the Cost Administrators in conjunction with Contract Representatives for amendments to commitments
Progress invoice approval in role of financial authority and liaise with technical authorities
Ensure correct coding is applied to all cost commitments
Assist in the preparation of project cost estimates
Assist with audit and SOX requirements as necessary
Adhoc queries and response to Joint Venture Partners
Provide support for JV Partner meetings as required by the Lead Cost Performance


Preferably a graduate in a relevant discipline
Previous experience in the oil/gas industry with cost reporting experience
Detailed understanding of cost control / cost accounting principles
General understanding of the oil and gas industry
Analytical skills with a knowledge of financial analysis techniques and economic measures
Computer literate, with extensive experience of SAP, Excel and Powerpoint