Wells Cost Analyst

Job Description and ResponsibilitiesJob title- Wells Cost AnalystReports to Pune Engineering Discipline ManagerIndirectly reports to Regions Snr Manager / Unit LeadDoes the person manage a team? (Specify Direct Reports) NoHiring ManagerHome Entity P&O Wells – British Petroleum(DigiTaiken Customer) PuneLocation Pune, IndiaThe purpose of the role is to assist the Wells Team to deliver simple, concise and systematic cost information (actuals, & forecasts) and also to act as a focal point for co-ordination, creation and management of Purchase Orders (PO)s for Wells in support of delivering the mission of safe, efficient and competitive wells.The Cost Analyst plays a key role in supporting Wells Enabler cost and procurement processes, helping the Wells team to improve performance management of gross costs for wells services, labour & overheads and rigs as well as central allocations. The role interfaces with finance and performance/planning team, procurement to ensure accurate and quality inputs into business planning tools.The role also includes providing insights of cost variances, refresh of cost models/cost books and monitoring for cost inefficiencies as well as PO monitoringWhat you will deliver Cost Estimating/PlanningAssist the Engineers in developing gross cost estimates for FMs/AFEs and forecasting purposes. Use of DCE (Drilling cost estimation) and use of cost accounting elementsProvide gross Well cost estimates as per schedule.Provide analytics to benchmark cost and time estimates / model against internal and external data. Provide engineers with cost data to be submitted into RushmoreSupport Engineers in monitoring and maintaining gross wells cost model with internal and external dataRefresh of AFE cost models (Cost books)Cost Tracking/Monitoring/ReportingMaintain Wells cost tracking against cost modelPerform monthly Value of Work Done (VoWD), actual vs forecast with engineers and BRO to inform variances, accruals.Consolidate gross value of work done (VoWD)/work in place (WIP) estimate per Well and submit to Finance to accrueConduct detailed gross AFE cost tracking, analysis and routine reviews with teamsProvide analytics and insight to ensure on-track performance, or help inform cost management decisionsCollaborate with Finance in preparation and presentation of QPF and variance commentary and analysisRun SAP regular minimum monthly report & monitor indirect /allocations vs plan/forecast.Liaise with material management and engineers on accuracy of FIORI demand and actual materials usage for each well.Purchase Order (PO) initiation and managementRaise Service/Limit Shopping Carts (SC) in Supplier Relationship Management (SRM) BackboneExpedite PO Output to supplierPO management – uplift requestsHelp resolve/troubleshoot output medium queriesAdhoc/sourced demand (off contract) - ensure appropriate procurement input prior to raising any requests (T's & C's implications)Run PO report to inform accruals and PO close out to minimize value leakageTrack SC and PO through lifecycle being SPA for Wells teamPO Closure Management – after campaign closure, coordinate will all vendors with PO's raised against campaign. Provide deadline dates for invoice submissions, aligned with contract demands (90 days from campaign completion). Manually go through all open PO's after deadline, issue reduction/closure requests, carry accruals forward for later invoicing when valid (e.g. post well Biostrat, post well repairs, contractor's 3rd party costs ..etc).Liaise with supplier to inform PO closure report and VOWDWells Logistics management Software (Kabal)Cost Module – SPA – Cost Module training, focal point for any queries regarding estimatesContract Database – ensure database within Kabal contract section, holding all relevant wells SRM Contracts, UNSPSC's & GL's linked to contracts, are kept up to datePO Management – Link estimates to PO management repository, update with PO numbers once known. Pull through uplift values to PO management, with relevant notes for audit trail purchasesAdhoc Cost Estimate Entry – generate cost estimates in Kabal, based on backup quotes, for all low volume vendorsOtherCoordinate time writing in alignment with local process and check alignment against budget & QPFRun work over report forecast vs actual and check variances as well as budget provision adequacySupport well cost reconciliation, variance analysis, and well cost review for partners and JV auditsProvide support for cost recovery processes run by FinanceManage and maintain the Wells Shopping Cart (SC) TemplateCoordinate workflow changes – Raise SNOW ticketsCoordinate Vendor SPU Extension requests – Fiori – liaise with procurement to get CDD complete prior to Extension requestRun intelligence plus Backbone reports on requestWhat you will need to be successfulPreferred education/certifications:Engineering or technical degreeMinimum years of relevant experience:Previous experience (preference > 3years) in the area of wells activities.Total years of experience:5+ years relevant industry experienceMust have experiences/skills (To be hired with):Experience with onshore, offshore projects and / or refining projectsFamiliar with the terminology in the wells organization in order to understand the overall business.Financial acumen, ability to assure financial outputs, understands and is able to describe underlying costs, activities and charges with central and regional operations and engineering team.Experience of cost tracking and monitoring, supporting cost estimating, and preparing Value of Work Done (VOWD).Good to have experiences/skills (Can be trained for – learning/on-the-job):Understanding of bcustomer's financial structure and processes, including DPP, ARC, cost forecasting & tracking, FM's, AFEs, BRO structures, time writing, central/regional cost relationships, and proficiently uses tools such as SAP.Familiarisation of Wells Logistics management Software (Kabal)Working in a multi-project environment and managing several work-fronts consecutively.Experience in Purchase Order creation and managementSolid understanding of scheduling, estimating, and benchmarkingExcellent inter-personal skills and behaviours.Excellent influencing and communication skills.Ability to work under own initiative or as part of a team.Respectful of a multicultural working environment.Competent with computers and IT including experience of using standard software (e.g. MS Outlook, MS Teams, MS Word, MS Excel and MS Powerpoint, Power BI an advantage).You will work withPlanning & performance and procurement community (central team & regions)Region's engineering and operations teamsRegion suppliersRegion's finance teamsRegion logistics and material management teamFBT PuneGrade JShift support 11:30AM-8:30PM or 2:00PM-11:00PM% travel requirements 10%Job Type: Contractual / TemporaryContract length: 12 monthsPay: ₹1,800, ₹2,200,000.00 per monthApplication Question(s):Do you have experience in rig based drilling activity and well logistics management?Experience:cost optimization: 5 years (Required)purchase order creation: 5 years (Required)Cost estimation: 5 years (Required)logistics management software: 3 years (Required)Work Location: In person