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Cost Analyst

United Kingdom,--Aberdeen
Job Contract
Job Type
Full Time
Reference No.



The Cost Analyst provides essential support and 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 to the asset management to facilitate informed decision-making.



Critical Contacts: all managers and senior positions across the asset, peers in the other assets, Corporate Finance, Corporate Audit Team, Strategy and Business


Suppliers, key contract Reps, Operated JV Relationships


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 and Cost Leadership.

Cost Performance

Assist the team to embed a culture of 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 cost impacts of commitment proposals with Non routine and Capex

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 the central cost control teams to ensure consistent workscopes and budget scenarios

Support the asset budget owners with guidance and reports to enable proactive mgmt. of budgets

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

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

Actively participate in the cost leadership culture of the Asset

Actively participate in Asset special projects by the Continuous Improvement and Asset Evolution Team


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

As part of the NNS Asset, and its aim to make agile working a regular activity, every asset team member should expect to be nominated to work in small, short duration task forces on various subjects (not necessarily associated with their core discipline) for up to 20% of the time.


Minimum of 4 years/relevant experience preferably in the Oil and Gas industry in a business, commercial or finance environment

Proven track record of managing joint venture partners and external auditors

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

Recruitment Specialist

Lisa Findlay
01224 628236
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