IN-Manager_FP&A Senior Cost Management Specialist – O&G _FE_Advisory_Pune

Line of Service

Advisory

Industry/Sector

Not Applicable

Specialism

Managed Services

Management Level

Manager

Job Description & Summary

At PwC, our people in finance consulting specialise in providing consulting services related to financial management and strategy. These individuals analyse client needs, develop financial solutions, and offer guidance and support to help clients optimise their financial performance, improve decision-making, and achieve their financial goals.

As a finance consulting generalist at PwC, you will possess a broad understanding of various aspects of finance consulting. Your work will involve providing comprehensive guidance and support to clients in optimising their financial performance, improving decision-making, and achieving their financial goals. You will be responsible for analysing client needs, developing financial solutions, and offering recommendations tailored to specific business requirements.

*Why PWC

At PwC, you will be part of a vibrant community of solvers that leads with trust and creates distinctive outcomes for our clients and communities. This purpose-led and values-driven work, powered by technology in an environment that drives innovation, will enable you to make a tangible impact in the real world. We reward your contributions, support your wellbeing, and offer inclusive benefits, flexibility programmes and mentorship that will help you thrive in work and life. Together, we grow, learn, care, collaborate, and create a future of infinite experiences for each other. Learn more about us.

At PwC, we believe in providing equal employment opportunities, without any discrimination on the grounds of gender, ethnic background, age, disability, marital status, sexual orientation, pregnancy, gender identity or expression, religion or other beliefs, perceived differences and status protected by law. We strive to create an environment where each one of our people can bring their true selves and contribute to their personal growth and the firm’s growth. To enable this, we have zero tolerance for any discrimination and harassment based on the above considerations.

Job Description & Summary: We are looking for a seasoned - Financial Planning & Analytics 

Responsibilities: 

 

1. Business Partnering 

• Monthly Value of Work Done (VOWD) Preparation: Support Budget 

Responsible Officers (BROs) in preparing monthly VOWD for project 

and cost centre scopes, continuously improving the process and 

supporting its application within the Cost Management Tool (CMT). 

• AFE Management: Lead the creation, documentation, validation, 

and approval of AFEs as required by asset-specific joint operating 

agreements and communicate cost objects to the organization 

following AFE approval. 

2. Operational 

• Purchase Order Monitoring: Monitor POs associated with project 

scopes and provide support to BROs. 

• Invoice Resolution: Support BROs with invoice resolution through 

collaboration with SAP specialists. 

• SES Management: Provide guidance on SES release, assist with 

vendor payment requests, and manage SES reversals. 

3. Technical Lead 

• Super-User Support: Provide Super-User support for CMT, 

maintaining master data and cost data mapping 

4. Performance management and reporting 

• Planning and Forecasting: Collaborate with BROs to develop plans, 

budgets, and forecasts, ensuring the inclusion of third-party costs, 

labor, overhead, and allocation data into relevant planning and cost 

management systems to eliminate data gaps and ensure data 

quality. 

• Cost Performance Analysis: Utilize technology to develop monthly 

cost performance analyses (e.g., monthly & quarterly run-rates, 

cost-reducing initiative delivery, actuals/accrual variance to plan, 

year-on-year costs) and generate action plans to improve 

performance. 

• Variance Commentary: Prepare monthly variance commentary of 

actuals against QPF, ensuring accurate financial reporting. 

• Cost Performance Leadership: Lead cost performance processes 

with regionally deployed BROs, promoting the use of new and 

standardized systems, and coaching BROs on using available tools 

to drive self-service, efficiency, and value generation. 

• Collaboration and Analysis: Support and collaborate with the O&G 

FP&A Business Performance Team, central Enabler Performance 

teams, and the FP&A Performance Management Benchmarking & 

Metrics team in analyzing metrics and key performance indicators to 

ensure high-quality, streamlined delivery of performance data. 

5. Continuous Improvement 

• Continuously improve cost related systems and processes to 

increase automation and move towards increasing the self-service 

model. 

Mandatory skill sets: 

 

1. Functional Knowledge 

• You will be working with a team of finance professionals as part of the Financial Planning 

and Analysis (FP&A) organization. The FP&A organization is an exciting new team being 

established by bp to create a centre of expertise in the areas of business planning, 

budgeting and forecasting, financial analysis and economic evaluation. 

• Prior experience in finance processes, especially in estimating value of work done, 

budgeting & forecasting, and cost monitoring & analysis. 

• Continuous improvement in performance management and MI to promote standardization 

and simplification. 

2. Leadership & Interpersonal Skills 

• Strong verbal and written communication skills. 

• Ability to gain trust from finance and business senior stakeholders. 

3. Problem Solving 

• Capacity to collaborate and take key judgements/evaluations 

• Ability to prioritize resource demands and activities 

• Able to identify key issues and aid decision making 

• Anticipate future situations and plan ahead to meet them. 

4. Nature & Area of Impact 

• The role will regularly interact and be the main contact point for Business/Functions 

leadership team. 

• In addition to the FP&A team, you will also be partnering with the local finance team and 

various technical and leadership teams in onsite locations 

Preferred skill sets: 

 

Minimum - 5 years of relevant post degree experience in 

cost management specialist or similar role. 

• Preferred - Experience within global, complex and matrix 

organizations in financial reporting, budgeting and 

forecasting, preferably in oil & gas or retail or logistics or 

manufacturing or asset-based businesses. 

Years of experience required: 

 

      05 to 10 Years 

Education qualification: 

 

Minimum - Engineering Discipline Degree level or 

equivalent 

• Preferred - Master’s Degree or other qualification in a 

finance discipline e.g. MBA, CA, ICWA/Cost Accountants\ 

Education (if blank, degree and/or field of study not specified)

Degrees/Field of Study required: Master of Business Administration, Bachelor of EngineeringDegrees/Field of Study preferred:

Certifications (if blank, certifications not specified)

Required Skills

Financial Planning and Analysis (FP&A)

Optional Skills

Accepting Feedback, Accepting Feedback, Accounting Consulting, Accounting Policies, Active Listening, Analytical Thinking, Coaching and Feedback, Communication, Compliance With Accounting Standards, Complying With Regulations, Creativity, Economic Forecasting, Embracing Change, Emotional Regulation, Empathy, Financial Accounting, Financial Economics, Financial Management, Financial Market, Financial Modeling, Financial Regulation, Financial Reporting, Financial Risk Management, Financial Statement Analysis, Financial Statement Preparation {+ 16 more}

Desired Languages (If blank, desired languages not specified)

Travel Requirements

Available for Work Visa Sponsorship?

Government Clearance Required?

Job Posting End Date

Experience Level

Senior Level