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Budgeting and Cost Control Supervisor

Job Id
OXY00021936
Start Date
Feb 10, 2019
End Date
Feb 23, 2019
Compnay Name
Occidental Petroleum Corporation
Discipline
Operations
No of Position
1
Position Type
Permanent
Job Type
Office
Nationality Required
Omani
Education & Experience Required
Education
Experience
Bachelor
7

Job Description

The Budget and Cost Control Supervisor supports Operations team in both Oman North Field and Muscat Office. This position will play a key role in assimilating, analyzing and presenting financial information to internal and external stakeholders and will assist and coordinate the preparation of annual & evergreen Opex/Capex budgets using excel & web based applications. This includes coordinating monthly and quarterly forecasts and Value of Work Done exercises with multiple Project Managers.

 

The Budget and Cost Control Supervisor responsibilities include but not limited to:

 
  • Responsible for allocation between blocks and work closely with partners, MOG and Auditors to agree on any changes required for the allocation process.
  • Responsible for allocation updates on monthly basis to reflect the actual percentages and work closely with GL team for any system updates.  
  • Play a key role in coordinating the monthly submission of Value of Work Done for Operations Capital and filed operating expenditures to Finance department.
  • Responsible for reviewing all the coding, tracking and vendor interfacing for department’s invoices, paper and electronic, to ensure approval for payment in a timely manner.
  • Play a key role as a department focal point for review and approve invoice & payment verifications, assignments and coordinate approvals as required.
  • Play a key role in determining the basis for preparation of budgets; ensuring that underlying assumptions are accurate and based on prevailing business conditions/ expected future trends.
  • Generate and dispatch the monthly cost reports to various budget holders and attend any clarifications required by the budget holders.
  • Prepare Monthly Cost Review meetings with all TL’s and Field Manager to present the monthly results and plan for future months.
  • Ensuring and coordinating in getting the monthly variance explanation and updating the Outlook.
  • Analytically interpret the cost figures and provide cost benchmarking framework.
  • Assimilating, analyzing and presenting financial and non-financial information to internal and external stakeholders.
  • Prepares reports and forms as required by department using Company standard software.
  • Assist in preparation of exception reports & KPI’s for Management on expenditures and indices.
  • View work instructions and compare the rates with the contracts and advice the Team Leaders.
  • Monitor all major Overhauls, materials, services and core replacements per month.
  • Assist in implementing Maximo (Cost capturing software).
  • Update Operation expenditure (Opex) on all budget tools on monthly basis.

Skills Required

Other Job Details

  • Bachelor’s degree preferably in Finance, Accounting or Operation Management.
  • Minimum of 7 years’ experience in Budgeting and Cost Control function including 2 years’ experience in a leading position with direct reports.
  • Experience on Oil and Gas business is a preference.
  • Experience on use of planning tools, cost monitoring and control tools such as Oracle.
  • Thorough knowledge in systems like Oracle.
  • Ability to identify, create and use Key Performance Indicators for Business Improvements.
  • Excellent analytical skills, computer proficient specifically on working with spreadsheets and databases.
  • Excellent communication and interpersonal skills.

  • Ready to do field visits regularly and stay overnight whenever needed.