FP&A Cost Performance Lead - GPO

Entity:

Finance

Job Family Group:

Finance Group

Job Description:

About bp

Our purpose is to bring together people, energy and markets to power and navigate a changing world. In a time of constant change and possibility we need talent to pursue opportunities, motivated by elite insight and expertise. We’re always aspiring for more digital solutions, balanced outcomes and closer collaboration across our company and beyond, and you could be part of that too. Together we continue to grow as the world’s leading energy company!

The role will be the part of The Finance Business & Technology (FBT) organization at 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 chipping in 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.

Business Entity:

Finance Business & Technology (FBT) and FP&A (FP&A) seek to work together to deliver more efficient, cost-effective digital product support across FP&A’s product suite. At the center of this initiative is establishing a shared resources team in FBT called the FBT FP&A Sustain Team. The establishment of this Team is in support of broader strategic themes of centralization, continuous improvement, and value optimization.

Let me tell you about the role:

The Cost Performance Global Process Owner Senior Manager is a highly skilled and experienced leader responsible for overseeing a team that is pivotal in driving global standardization, process excellence, and performance optimization across all cost-related FP&A activities. This role involves establishing, maintaining and owning global standards, policies, and procedures for cost planning, forecasting, and analysis while ensuring fiscal compliance of global policies with support from tax/legal and identification of significant process simplification, optimization and transformation opportunities across Finance and business teams.  This role is critical in driving global consistency, transparency, and efficiency in cost performance reporting, leveraging a strong understanding of financial data, systems, and operational processes.

This team will work in close collaboration with the Cost Performance Towers and Other FP&A Towers

The ideal candidate will bring deep expertise in financial planning and analysis, a strong e2e understanding of data, processes, systems and interfaces across entire chain of cost performance and reporting with a proven track record of leading global transformation initiatives and delivering process excellence.  Strong collaborator leadership skills are essential for establishing relationships with local FP&A team, business teams and other FP&A teams and successfully prioritizing conflicting priorities for the team.

The incumbent would be potentially required to work under alternative shift arrangements to ensure appropriate overlap hours with European or British time zones.

What you will deliver

• Global Process Ownership:

• Own, define and maintain global process standards (in line with Global Process Design Standards – GPDS framework and BP Requirements Policy policies, and cost management-reporting.
• Work in collaboration with local and global teams to implement the delivery of business cost planning and performance reporting processes.
• Lead the execution of cost management process performance improvement cycle (PIC).
• Support the coordinated governance model for global process management in line with GPDS.
• Lead the design and execution of a Performance Improvement Cycle which includes process and tool health KPIs, Self Verification and prioritized enhancements to ensure that we are monitoring conformance, relevancy and effectiveness of the process and tools allowing enhancements to be made as needed in a prioritized way.

• Data & Systems Integration

• Drive data quality and integrity across systems to support reliable cost analysis and reporting.
• Recommend process improvement and system changes to improve process standardisation, drive simplification, improve control, forecast accuracy and enable transparency of reporting.
• Own the relationship and close collaboration with bp’s digital innovation & engineering organization (I&E), Finance, FP&A and business groups to deliver key changes and troubleshooting support (i.e. SNOW tickets, etc.) to the systems landscape at an ERP and non-ERP level as it pertains to cost management digital solutions (CMT, L&O forecasting solution, etc…).

• Standardization and Process Excellence:

• Drive continuous improvement to promote standardization, simplification and process excellence.
• Implement strategies that drive the automation of financial products, to improve the efficiency of financial analysis and reporting.
• Support cost transformation initiatives, including benchmarking and best-practice implementation.

• Risk, Control, Compliance:

• Collaborate with Finance Accounting & Control teams, challenge non-compliance areas and investigate root cause.
• Pro-actively identify risks across data, process and systems to ensure integrity of cost reporting internally and externally.
• Provide assertion to the control teams that the standardised processes and associated controls have operated as crafted and that any process deviations have not resulted in a control gap.

• Cross-team integration: as a senior leader within FP&A, work with peers in remote offices across geographies in bp to earn trust, share context and establish ways of working. Work to develop a positive working culture that motivates staff to succeed and develop careers at bp.
• Leadership: Lead a small team of finance professionals, including developing the team through coaching, mentoring and on the job development. Work with the team members to solve problems when issues are called out.

What you will need to be successful:

·Must have educational qualifications: Business/Finance or Engineering Discipline Degree level or equivalent

·Preferred education/certifications: Master’s Degree or post-graduate qualification in a finance discipline e.g. MBA, CA

·Minimum years of relevant experience:

• >15+ years of relevant post degree experience in financial reporting, budgeting and forecasting in an Oil and Gas business or experience in industries such as Retail, Asset-based business, Manufacturing, and Logistics

Must have experiences/skills:

• Deep knowledge of cost management process and application.
• Deep Analysis and Insight capability: The ability to provide critical thinking to address sophisticated situations, balance conflicting interests, and prioritize the interests of bp.
• High level of eye for business.
• Strong interpersonal, influencing skill and ability to lead significant organizational change conversation within FBT, other Finance and Business partners to drive process standardization
• Strategic direction: Embracing strategic direction and influencing key collaborators to gain agreement.
• Building capability: The ability to build capability, influence beyond formal reporting lines, and coach a diverse team to drive high performance.
• Empowering teams: Empowering teams to deliver by providing clear expectations and effective support.
• Collaboration: Collaborating within the FP&A team and inspiring colleagues to understand and contribute to the team's strategic direction.
• People leadership: A passion for people leadership, inspiring and motivating people to deliver results, with experience in leading others being essential. Strong influencing skills across a varied group of stakeholders.
• Inspiring change: Proven track record to motivate change within the organization through effective change management techniques.

You will work with

You will be working with a team of finance professionals as part of the Financial Planning and Analysis (FP&A) organization and senior business collaborators. The FP&A organization is an exciting new team being established by bp to create a centre of expertise in the areas of business planning, budgeting and forecasting, financial analysis and economic evaluation.

The role will regularly interact and be the main contact point for Business/Functions senior leadership.

In addition to the FP&A team, you will also be partnering with the local finance team and various technical and leadership teams in onsite locations.

Why join our team?

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

• Life & health insurance, medical care package
• Flexible working schedule
• Opportunity to build up long term career path and develop your skills with wide range of learning options
• Family friendly workplace e.g.: parental leave, bereavement and compassionate leave
• Employees’ wellbeing programs e.g.: Employee Assistance Program, Company Recognition Program
• Possibility to join our social communities and networks

If this role attracts you, apply now!

A company culture where we respect our diverse and unified teams, where we are proud of our achievements and where fun and the attitude of giving back to our environment are highly valued! Possibility to join our social communities and networks - Learning opportunities and other development opportunities to craft your career path. Life and health insurance, medical care package and many other benefits. 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.

Travel Requirement

Up to 10% travel should be expected with this role

Relocation Assistance:

This role is eligible for relocation within country

Remote Type:

This position is not available for remote working

Skills:

Analysis and modelling, Analysis and modelling, Analytics, Benchmarking, Business Performance, Business process improvement, Commercial Acumen, Commercial performance management, Communication, Cost Management, Data visualization and interpretation, Decision Making, Economic evaluation methodology, Economic modelling, Financial Analysis, Group Problem Solving, Integrated Planning, Investment appraisal, Long Term Planning, Management Reporting, Managing change, Measurement and metrics, Organizational knowledge, Performance and planning, Performance management {+ 4 more}

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.