Finance Analyst (Costing)

GENERAL OVERVIEW

We are seeking a skilled and detail-oriented Finance Analyst to join our Finance Group. As an Analyst, you will be responsible for a full spectrum of the Costing role including Product and Project Costing, management reporting, and analysis.

ROLES & RESPONSIBILITIES

The candidate shall be responsible for, but not limited to, the following:

Costing

• Cost driver analysis and process mapping
  • Gain a deep understanding of the business activities value chain and operational processes to accurately determine, collect and analyse operational cost data.
  • Identify and analysing the factors that contribute to the costs incurred by different business lines within the company and uncover potential cost optimisation initiatives.
• Develop and maintain cost allocation methology in ERP System
  • Analyse and update the costing standards to ensure consistency and accuracy in cost analysis and determine its relevancy to current business activities. 
  • Ownership and usage of ERP system for reporting to be performed in a timely and accurate manner. 
• Evaluate the financial viability of commercial transactions
  • Review the costs of providing each commercial transaction in a timely manner.
  • Perform benchmarking of the profitability against existing business activities.
• Partner with cross-functional stakeholders on the profitability of each business activity / segment
  • Close communication and collaboration required with various functions to ensure that the costing methodology is understood to optimize cost where applicable.
  • Engagement within own function also required for deep understanding of underlying data.
• Prepare and analyse Business Segment Reports for Management, Board and Shareholders, and other internal stakeholders
  
  • Compile and present cost-related information in reports for various stakeholders within the organization
• Regulatory and Compliance Activities
  • Regular reporting and relevant compliance work as required by the Regulator.
  • Act as liason with the Regulator on the matters pending to tariff determination.

Others

• Provide ad-hoc support for FP&A in budgeting and forecasting during crucial periods.
• Contribute to process improvements such as streamlining, standardisation, automation and documentation.
• Participate in special projects and oversee other responsibilities as directed by the reporting manager from time to time.

WORK EXPERIENCES

• At least 2 - 3 years of working experience in Costing and management reporting in a large manufacturing or Oil & Gas organisation.

• Hands-on experience in ERP system is required (SAP S4 Hana and SAP Analytics Cloud preferred). 

• Prior Financial Modelling, Audit and hands-on experience of SQL and BI Tools like Power BI in a corporate environment  experience will be a plus.

• Candidates from oil and gas industry or other complex utility infrastructure will be considered favourably.