Wells Cost Analyst

Job title-Wells Cost Analyst

Reports to- Pune Engineering Discipline Manager

Indirectly reports to- Regions Snr Manager / Unit Lead

Does the person manage a team (Specify Direct Reports)-No

Location-Pune, India

About the role-

The 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 monitoring

What you will deliver Cost Estimating/Planning

Assist the Engineers in developing gross cost estimates for FMs/AFEs and forecasting purposes. Use of DCE (Drilling cost estimation) and use of cost accounting elements

Provide 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 Rushmore

Support Engineers in monitoring and maintaining gross wells cost model with internal and external data

Refresh of AFE cost models (Cost books)

Cost Tracking/Monitoring/Reporting

Maintain Wells cost tracking against cost model

Perform 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 accrue

Conduct detailed gross AFE cost tracking, analysis and routine reviews with teams

Provide analytics and insight to ensure on-track performance, or help inform cost management decisions

Collaborate with Finance in preparation and presentation of QPF and variance commentary and analysis

Run 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 management

Raise Service/Limit Shopping Carts (SC) in Supplier Relationship Management (SRM) Backbone

Expedite PO Output to supplier

PO management uplift requests

Help resolve/troubleshoot output medium queries

Adhoc/sourced demand (off contract) - ensure appropriate procurement input prior to raising any requests (Ts & Cs implications)

Run PO report to inform accruals and PO close out to minimize value leakage

Track SC and PO through lifecycle being SPA for Wells team

PO Closure Management after campaign closure, coordinate will all vendors with POs raised against campaign. Provide deadline dates for invoice submissions, aligned with contract demands (90 days from campaign completion). Manually go through all open POs after deadline, issue reduction/closure requests, carry accruals forward for later invoicing when valid (e.g. post well Biostrat, post well repairs, contractors 3rd party costs ..etc).

Liaise with supplier to inform PO closure report and VOWD

Wells Logistics management Software (Kabal)

Cost Module SPA Cost Module training, focal point for any queries regarding estimates

Contract Database ensure database within Kabal contract section, holding all relevant wells SRM Contracts, UNSPSCs & GLs linked to contracts, are kept up to date

PO 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 purchases

Adhoc Cost Estimate Entry generate cost estimates in Kabal, based on backup quotes, for all low volume vendors

Other

Coordinate time writing in alignment with local process and check alignment against budget & QPF

Run work over report forecast vs actual and check variances as well as budget provision adequacy

Support well cost reconciliation, variance analysis, and well cost review for partners and JV audits

Provide support for cost recovery processes run by Finance

Manage and maintain the Wells Shopping Cart (SC) Template

Coordinate workflow changes Raise SNOW tickets

Coordinate Vendor SPU Extension requests Fiori liaise with procurement to get CDD complete prior to Extension request

Run intelligence plus Backbone reports on request

What you will need to be successful

Preferred education/certifications:

Engineering or technical degree

Minimum years of relevant experience:

Previous experience (preference > 3years) in the area of wells activities.

Total years of experience:

5+ years relevant industry experience

Must have experiences/skills (To be hired with):

Experience with onshore, offshore projects and / or refining projects

Familiar 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 customers financial structure and processes, including DPP, ARC, cost forecasting & tracking, FMs, 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 management

Solid understanding of scheduling, estimating, and benchmarking

Excellent 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 with

Planning & performance and procurement community (central team & regions)

Regions engineering and operations teams

Region suppliers

Regions finance teams

Region logistics and material management team

FBT Pune

Grade J

Shift support 11:30AM-8:30PM or 2:00PM-11:00PM

% travel requirements10%