Midstream Cost Analyst

Entity:

Finance

Job Family Group:

Finance Group

Job Description:

The RS&M Cost Analyst is a key role in the financial delivery of the global Midstream P&L.  The scope of the role covers cash cost and capital expenditures for the US and European B2B/Supply businesses. 

Controlling costs is a high priority for the Midstream business, and the portfolio includes a variety of costs across eight countries.  The cost analyst role provides regular interactions with all of the VP’s within RS&M, and an opportunity to materially influence the P&L. 

The business also spends around ~$100m of capex each year to maintain assets and create opportunities for future margin growth and risk reduction.  The cost analyst will own the investment portfolio, tracking performance, and working closely with the commercial teams to prioritize expenditures. 

Both aspects of the role directly support a large integrated P&L and offers direct exposure and influence with senior stakeholders include the Head of Midstream Finance and all of the RS&M VP’s, and an excellent fit for a high-performing analyst to demonstrate impact and accelerate their career. 

Key accountabilities

• Forecast and track the cash cost spend for the global RS&M team, working with the budget owners to develop well-controlled budgets and track performance against commitments.
• Lead quarterly cost reviews with the VP’s across RS&M, ensuring that costs are well understood and that group commitments are met.
• Interface with central cost programs to ensure long-term commitments are delivered.
• Own the investment hopper for the RS&M business and agree prioritization and budgets for the GFO and LTP. 
• Perform ad-hoc cost analyses as needed to maintain strong cost controls, and develop insights. 
• Support the PPM team on all normal deliverables - GFO/R, monthly actual, LEs, LTP and other key reporting requirements

Essential education and Experience

• Bachelor's degree or higher in Finance, Accounting, Economics, Engineering, or a related discipline (MBA, CFA, or similar a plus).
• Strong track record in finance, commercial, or performance management with depth in planning, forecasting, consolidation, and reporting.
• Proven ability to translate financial and operational data into clear, executive-ready insight, and to lead people and stakeholders through complexity
• A natural influencer and change-maker who simplifies complexity and builds alignment across diverse stakeholders.
• Sharp analytics and commercial instincts, with comfort in modern reporting and analytics tools (Power BI, SAP, Excel, SQL).

Desirable criteria

• Energy industry background particularly in supply, logistics, trading, or other commercially oriented environments.
• Prior experience with cost management or capital allocation is desirable
• Prior experience working across a global team is helpful

Why join us

At bp, we support our people to learn and grow in a diverse and ambitious environment. We believe that our team is strengthened by diversity. We are committed to fostering an inclusive environment in which everyone is respected and treated fairly.

There are many aspects of our employees’ lives that are meaningful, so we offer benefits ( https://exploreyourbenefits.com/landing.html) to enable your work to fit with your life. These benefits can include flexible working options, a generous paid parental leave policy, and excellent retirement benefits, among others!

We will ensure that individuals with disabilities are provided reasonable accommodation to participate in the job application or interview process, to perform essential job functions, and to receive other benefits and privileges of employment. Please contact us to request accommodation.

How much do we pay (Base)? The anticipated base salary for this position is approximately between $130,000 and $150,000 USD annually, *Note that the pay range listed for this position is a genuinely expected and reasonable estimate of the range of possible base compensation at the time of posting.

This position offers paid vacation depending on your years of relevant industry experience and will range from 120 – 240 hours of vacation per year for full times employees (60 - 240 hours of vacation per year for part time employees). You will also be eligible for 9 paid holidays per year and 2 personal choice holidays. You may learn more about how we calculate paid vacation and view our generous vacation and holiday schedules at benefits@bp. Bp has a parental leave policy as well, which offers up to 8 weeks’ paid leave for the birth or adoption of a child. Learn more at benefits@bp.

We offer a reward package to enable your work to fit with your life. These offerings include a discretionary annual bonus program, long-term incentive program, and generous retirement benefits that include a 401k matching program. These benefits may include a pension for eligible employees. You may learn more about our generous benefits at benefits@bp.

As part of bp’s wellbeing package, bp offers access to health, vision, and dental insurance, as well as life and Short-Term Disability and Long-Term Disability. You may learn more about our generous benefits at benefits@bp.

Travel Requirement

No travel is expected with this role

Relocation Assistance:

This role is not eligible for relocation

Remote Type:

This position is a hybrid of office/remote working

Skills:

Analysis and modelling, Analytics, Commercial Acumen, Commercial performance management, Communication, Data visualization and interpretation, Financial Analysis, Integrated Planning, Investment appraisal, Performance management

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Legal Disclaimer:

We are an equal opportunity employer. We do not discriminate on the basis of protected characteristics like race, religion, color, sex, national origin, sexual orientation, veteran status or disability status. Individuals with an accessibility need may request an adjustment/accommodation related to bp’s recruiting process (e.g., accessing the job application, completing required assessments, participating in telephone screenings or interviews, etc.). If you would like to request an adjustment/accommodation related to the recruitment process, please contact us.

If you are selected for a position and depending upon your role, your employment may be contingent upon adherence to local policy. This may include pre-placement drug screening, medical review of physical fitness for the role, and background checks.