FP&A C&P Cost Performance Senior Analyst Budapest

It’s an exciting time to join bp. We’ve set out a new purpose to reimagine energy for people and our planet. At the heart of this is accelerating our progress on diversity, equity and inclusion - we aim to be a company where everyone can be their best and true selves and reach their full potential.

Would you like to discover how our diverse, hardworking people are leading the way in making energy cleaner and better – and how you can play your part in our world-class team?

Join our Team and advance your career as an

FP&A C&P Cost Performance Analyst

You will be the part of The Finance Business & Technology (FBT) organization as bp is modernizing and digitizing finance activities. Within FBT, the Financial Planning and Analysis (FP&A) team plays a critical role in driving end-to-end process control and compliance. The FP&A team is instrumental in delivering best-in-class financial insights and analysis to support business decisions, while also contributing to the standardization of our processes and driving operational excellence. By joining the FP&A team, you will be part of a group that brings additional value to bp through innovative financial strategies and solutions.

The Cost Performance Senior Analyst has responsibility for delivering cost performance management including capital expenditure.  The role will involve closely working with supported functions/business including engineers and other disciplines 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:

• 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: 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:

• Finance or Engineering Subject area Degree level or equivalent
• Master’s Degree or other qualification in a finance subject area e. g. MBA, CA, ICWA/Cost Accountants is an advantage
• 5 years of relevant post degree experience in financial reporting, budgeting and forecasting
• 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.
• 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 stakeholders.

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
• Well-being programs e. g. : Employee Assistance Program, Company Recognition Program
• Possibility to join our social communities and networks
• Chill-out and collaboration spaces in our alluring Budapest Agora and Szeged offices e. g. : Play Zones, Office massage, Sports and music equipment
• Assets like phone for private usage and company laptop are provided from the first day of employment with other equipment if requested

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!

We are an equal opportunity employer and value diversity at our company. We do not discriminate based on race, religion, colour, national origin, gender, sexual orientation, age, marital status, veteran status, or disability status.

We will ensure that individuals with disabilities are provided reasonable accommodation to participate in the job application or interview process, perform crucial job functions, and receive other benefits and privileges of employment.