FP&A Cost Senior Analyst

FP&A Cost Performance Senior Analyst

Location: Pune, BP Business Solutions
Job Type: Full time
Job Code: RQ089151

Our purpose is to bring together people, energy and markets to power and navigate a changing world. In a time of constant change and possibility we need talent to pursue opportunities, motivated by elite insight and expertise. We’re always aspiring for more digital solutions, balanced outcomes and closer collaboration across our company and beyond, and you could be part of that too.

Together we continue to grow as the world’s leading energy company! The Cost Performance Senior Analyst has responsibility for delivering cost performance management, including capital expenditure for the Oil & Gas businesses/functions. The role involves closely working with supported functions and business units—engineers, finance, and other subject areas—to develop budgets and forecasts, conduct thorough cost control, investigate cost analyses, and provide a deep understanding of business context.

The incumbent will work under alternative shift arrangements to ensure appropriate overlap hours with Eastern Standard time.

• 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: robust and timely forecasts. Deliver MI analysis and commentary for the leadership team.
  • Supervise and support cost reduction initiatives: effective tracking and accurate analysis of profitability. Analyse and interpret actuals. Support reporting and cost allocation processes.
• Strategy & Planning
  • Support the annual planning process: ensure plans are appropriately challenged and assured.
  • Produce detailed cost forecasts covering pre and post allocation view. Draw insights and highlight where performance targets are not being met.
  • Submit plan/forecast data into relevant cost management systems. Ensure data quality in submissions.
  • Support ad‑hoc and strategic business decisions: understand the implications balancing risk and reward.
  • Participate in projects and provide financial insight.
• Performance Reporting
  • Be responsible for the cost performance reporting activities of the respective business.
  • Provide timely, accurate, and reliable financial and management information.
  • Explain actuals vs. forecasts on a monthly/quarterly basis; update in‑year outlooks.
  • Provide input for the MI recharge process. Ensure costs are recharged fairly and accurately.
  • Support continuous improvement in MI: ensure integrity and accuracy to meet business requirements.
• Continuous Improvement
  • Continuously improve cost‑related systems and processes to increase automation and move toward a self‑service model.

• Must Have Educational Qualifications
  • Finance or Engineering subject‑area degree or equivalent.
• Preferred Education / Certifications
  • Master’s Degree or similar in finance (e.g., MBA, CA, ICWA, Cost Accountant).
• Minimum Years Of Proven Experience
  • 10 years of post‑degree experience in financial reporting, budgeting, and forecasting.
• Preferred Experience
  • Experience with in global, complex, and matrix organisations in financial reporting, budgeting, and forecasting, preferably in oil & gas, retail, logistics, manufacturing, or asset‑based businesses.
• Must Have Experiences / Skills
  • Knowledge and application of Plan‑to‑Perform processes, including digital literacy and analysis.
  • Continuous improvement in performance management and MI to promote standardisation and simplification.
  • Experience with financial systems such as SAP, Microsoft products, and visualization tools such as Power BI.
  • Ability to gain trust from finance and senior business partners.

• A team of finance professionals as part of the FP&A organisation, which is establishing a centre of expertise in business planning, budgeting, forecasting, financial analysis, and economic evaluation.
• Regular interaction with and main point of contact for…