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FP&A Analyst

  • Salary: £50000 - £60000 per annum + Excellent Benefits
  • Job type: Permanent
  • Location: Aberdeen
  • Sector: FP & A
  • Date posted: 04/10/2017
  • Job reference: J375197A

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A Global Oil & Gas Services Company is currently recruiting an FP&A Analyst to work closely with the Group Controller and Operational Managers and be responsible for the financial management and coordination of a product line. The main purpose of the role is to assess business trends, root cause analysis and identify opportunities to reduce costs and improve efficiencies.

Main responsibilities include (but will not be limited to):

  • Monitoring the working capital within the Product Line such as Asset efficiency measurement/tracking and optimisation of inventory level.
  • Understanding inventory processes, days on hand, evaluating obsolescence provision adequacy, and assessment of future business needs.
  • Highlight trends on cost inflation and identifies opportunities to save/reduce discretionary spend to supply chain.
  • Ensures that all financial transactions are recorded and compliant
  • Practical application of Product Line specific accounting complexities such as Costs/Revenue recognition (e.g. Performance based, gain share, multi-elements, Bill & Hold) as well as Product Line's Financial Policies
  • Review major tenders (risks and opportunities), contractual terms and evaluate impact on IBT associated with pricing in bids vs. optimisation of people/resources
  • Understanding of Product Line value proposition, price structure, and technology differentiators vs. Competitors.
  • Identify Vendor re-pricing opportunities and participate in major contract negotiation with Supply Chain Services.
  • Ensure timely completion of Balance Sheet notes for Product Line specific accounts and assess exposures (including currency risk)
  • Analyse utilisation ratios (both in tools and people) with view to highlighting inefficient locations/sub-Product Lines and opportunities to maximise value of resources.
  • Coordinate the preparation of all financial forecasts and ensure that the goals are challenging but realistic relative to overall market expectations and available resources.
  • Review and examine the financial impact of new and existing investment opportunities with a view to maximising the Product Line's return on investment (ROI).
  • Review and approve all material non-FTE Capital Acquisition Reviews (CAR's), and long-term lease commitments.
  • Complete/review monthly financial review/reporting, monitors results versus objectives, highlight underlying reason for variances and suggest corrective actions wherever required.
  • Understands, reviews and implements Sarbane Oxley requirements as defined in the risk control matrix (i.e. revenue recognition monthly assessment, provisions for contingency, review of Product Line Internal Controls)

The successful candidate will ideally be a qualified accountant (ACA, CA, CIMA or ACCA) with a couple of years post qualified experience within the oil & gas industry.