Entity:

Finance

Job Family Group:

Finance Group

Job Description:

Join our Team and advance your career as a/an

FP&A C&P Cost Performance Senior Analyst

The Cost Performance Senior Analyst has responsibility for delivering cost performance management. The role will involve closely working with supported functions/business including engineers and other teams to develop budgets and forecasts, rigorous cost control, deep dive into cost analysis and understanding of business context for the supported functions/business.

In this role You will:

Business Partnering and Performance Insights:

• Build and maintain a proactive business partnering relationship with the UK 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 M&C UK: Ensure robust and timely forecasts. Deliver MI analysis and commentary for the leadership team.
• Monitor and support cost reduction initiatives: Ensure effective tracking and accurate analysis of profitability. Analyze 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 areas where performance targets are not being met.
• Submit plan/forecast data into relevant cost management systems: Ensure data quality in the submissions.
• Support ad-hoc and strategic business decisions: Understand the implications balancing risk and reward.
• Participate in projects and provide financial insight.

Performance Reporting:

• Responsible for the cost performance reporting activities of the respective business.
• Provide timely, accurate, and reliable financial and management information.
• Explain the underlying delivery of actuals vs. forecasts on a monthly/quarterly basis: Update in-year outlook.
• Provide input for the MI recharge process for the entities: Ensure costs are recharged fairly and accurately.
• Support the drive for 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 towards increasing the self-service model.

What You will need to be successful:

• Knowledge and application of Plan to Perform processes, including digital literacy and analysis.
• Continuous improvement in performance management and MI to promote standardization and simplification.
• Experience in working with financial systems such as SAP, Microsoft products and visualization tools such as Power BI.
• Continuous improvement in performance management and MI to promote standardization and simplification.
• Ability to gain trust from finance and business senior partners

• Finance or Engineering Discipline Degree level or equivalent
• Preferred education/certifications: Master’s Degree or other qualification in a finance discipline e.g. MBA, CA, ICWA/Cost Accountants
• Minimum 5 years of relevant post degree experience in financial reporting, budgeting and forecasting
• Preferred experience: 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.

At bp, we provide the following environment & benefits to you:

• Different bonus opportunities based on performance, wide range of cafeteria elements
• Life & health insurance, medical care package
• Flexible working schedule: home office up to 2 days / week, based on team agreement
• Opportunity to build up long term career path and develop your skills with wide range of learning options
• Family friendly workplace e.g.: Extended parental leave, Mother-baby room
• Employees’ wellbeing programs e.g.: Employee Assistance Program, Company Recognition Program
• Possibility to join our social communities and networks
• Chill-out and collaboration spaces in our beautiful Budapest Agora and Szeged offices e.g.: Play Zones, Office massage, Sport and music equipment

bp Hungary won the Most Attractive Employer 2024 Award (SSC / BSC sector) fourth time in a row at PwC's annual employer research. Come and 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 to enable your work to fit with your life.

Disclaimer: Please note that, according to Hungarian law (2012/I. 113. §), mothers or single parents caring for a child under three years of age cannot be employed in night shift positions.

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

Legal Disclaimer:

We are an equal opportunity employer and value diversity at our company. We do not discriminate on the basis of race, religion, color, national origin, sex, gender, gender expression, sexual orientation, age, marital status, socioeconomic status, neurodiversity/neurocognitive functioning, 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.