Senior Cost Controller

SENIOR COST CONTROLLER

Location: Barrow-in-Furness
Contract: 2-year fixed-term contract

The position will provide financial support and guidance to budget holders, ensuring expenditure is accurately monitored, forecasted and reported. The successful candidate will also support the financial management of major service contracts, maintain compliance with procurement and Procure-to-Pay (P2P) procedures, and provide oversight of purchasing activities, contract variations and workforce time recording.

Working closely with operational, finance and supply chain teams, the role will help ensure costs remain controlled, forecasts are reliable and financial commitments are aligned with approved work scopes and business objectives.

Key Responsibilities and Deliverables

The Senior Cost Controller will work in partnership with the Morecambe Hub Asset team, Business Partnering Lead and external service providers to maintain effective financial controls and deliver the following activities:

Financial Reporting and Cost Management

• Produce monthly accrual calculations and operating expenditure (OPEX) forecasts, ensuring cost monitoring systems and trackers are accurately maintained to facilitate the month-end reporting process.
• Analyse financial information held within SAP, including Value of Work Done (VOWD), working alongside Job Responsible Engineers (JREs) and Finance colleagues to ensure accurate reporting.
• Monitor and coordinate timewriting activities across operated assets, providing oversight to the Cost Controller team and ensuring outstanding or incomplete timesheets are addressed promptly.
• Assess monthly contractor and supplier cost submissions against approved Business Plan figures, investigating variances and escalating potential financial exposures, discrepancies or unnecessary expenditure.
• Evaluate expenditure patterns and contract performance to identify opportunities for improved efficiencies, tighter cost management and potential savings.
• Provide regular financial updates and relevant cost information to support effective business decision-making.

Procurement and Commercial Controls

• Assist in maintaining compliance with the company's Procure-to-Pay (P2P) framework and associated financial approval procedures.
• Examine contract Change Order submissions and confirm that any required Purchase Order (PO) amendments and financial approvals are completed before additional work is undertaken.
• Maintain oversight of existing Purchase Orders, ensuring values, descriptions and coding remain appropriate and that completed or redundant orders are closed in a timely manner.
• Carry out checks on newly created Purchase Orders to confirm appropriate cost allocation, supporting documentation and compliance with procurement requirements.
• Monitor equipment and rental hire expenditure, reviewing utilisation and highlighting opportunities to minimise avoidable costs.
• Work with budget holders and Supply Chain representatives to assist with the preparation and review of Single Source Justifications.
• Provide financial and commercial input during internal discussions and supplier meetings, promoting appropriate cost governance and contractual financial control.

General Duties

• Develop effective working relationships with operational teams, finance personnel, procurement specialists and external contractors.
• Promote consistent application of cost control processes, financial procedures and reporting standards.
• Undertake additional responsibilities relevant to the position, as reasonably requested by management.

Skills, Experience and Qualifications

Technical and Professional Competencies

The successful candidate should demonstrate:

• Strong working knowledge of Microsoft Excel and SAP, with the ability to analyse and interpret financial information.
• Confident numerical, analytical and problem-solving capabilities.
• The ability to communicate financial information clearly and effectively, including through reports and presentations.
• A proactive approach, with the ability to work independently and take ownership of assigned responsibilities.
• Excellent organisational skills and a high level of accuracy and attention to detail.
• The ability to manage competing priorities and work effectively with a range of internal and external stakeholders.

Qualifications and Experience

• HNC qualification in Business Management, Finance or a related discipline, or equivalent practical experience with a commitment to ongoing professional development.
• Previous experience in a finance, cost control or commercial administration position.
• Experience working within the Oil and Gas industry would be advantageous, particularly within both operator and contractor environments.
• Demonstrable experience of budget management, financial forecasting and expenditure monitoring.
• A sound understanding of cost control methodologies and financial reporting.
• Previous involvement in procurement activities and a good understanding of the Procure-to-Pay process.
• Experience reviewing supplier costs, Purchase Orders, contract variations and financial commitments.

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Butler Rose is committed to equality in the workplace and is an equal opportunity employer.
Butler Rose Ltd is acting as an Employment Business in relation to this vacancy.