TEEP Ratawi Hub is an affiliate steering and implementing $10 billion investment in 4-in-1 multi-energy and multi-branch Growth Gas Integrated Project (GGIP) in Basra region of Iraq. GGIP consists of: Common Seawater Supply Project (CSSP) – to treat 5Mbwpd of seawater for water injection to oil fields, Associated Gas Upstream Project (AGUP) and Gas Mid-stream Project (GMP) – to produce 210kbopd at plateau and to supply gas to 1.5GW of power generation capacity, growing to 3GW in 2^nd phase, Solar Power Plant (APP) – to supply 1GW solar electricity. The sub projects are run in parallel and are at various stages of advancement.

Activities to be carried out include, but not limited to:

Cost Control & reporting

• Produce monthly and ad-hoc reports and requests necessary corrections/improvements prior to their issuance to Budget Owners. Ensure the variance analysis to budget is insightful to allow early remedial action by Budget owners.
• Monitor and control Affiliate running Costs, technical departments (including F.OPS & Drilling activities), Sole Costs and Company RFS, including ensuring a fair and equitable distribution to sole and the Joint Ventures/projects with regular engagement with Senior Management through facilitated cost review meetings.
• Manage and coordinate the Cost structure and allocation procedure in SAP/UNISOL: Prepare the cost breakdown structure for the Ratawi Hub. Ensure that the Cost Breakdown structure is line with the Work Breakdown structure.
• Liaise with the finance team to ensure consistency and completeness of cost data provided for Consolidated Expenditure Statements and EXP800.
• Participates in accounting monthly report with the Head of Accounting.
• Maintain a strong relationship with the C&P team to ensure the Cost Control team is aware of existing and upcoming supplier contracts. Ensures Cost Controllers are consulted for the creation of new contracts and PR.
• Constantly promote good practices (minimize open/inactive PO/WO, WBS, compliance with contractual T&C etc.)
• Monitor RFS follow up and close out in UNISOL/Star Cristal system. 
• Coordinate responses to audit queries related to Cost Control, and resolution of audit exceptions.
• Ensure Compliance with provisions of contracts and Delegation of Authority.
• As a SOX control owner, perform and evidence and document all assigned SOX controls required to achieve SOX compliance.

Month-end closure & reporting: 

• Ensure the related Cost control activities as per deadlines: accruals, timesheets, and cost drivers allocations (for logistics, drilling, structure cost etc...), and their allocation to OPEX and CAPEX.
• Co-ordinate with the Assets and corporate functions to capture realistic and complete value of work done.

Budgeting & Forecasting

• Take ownership to collect, challenge and deliver the OPEX/CAPEX data for the Annual Budget and each Rolling Forecasts, in close collaboration with the assets as well as both technical functions departments (for headcount, schedule, process, templates, consolidation, comments and presentations).
• Challenge the relevance of expenditure forecasts submitted, verify the proposed allocation to OPEX/CAPEX and seek cost optimizations based on the first draft of budget by comparing draft budget with historical data.
• Contribute to the Annual Work Program and Budget preparation and report, JV monthly cost, and cash call reports.
• Elaborates Budget Delegation and follow-up AFE.
• Monitor and provide explanations of any variations between PDC and approved budget.

Policies & Procedures

• Implement and update all Cost Control related policies, procedures, and manuals in line with the Group CR-EP-ACC, ensuring they meet accounting best practices, statutory requirements and changing business requirements on the CMS.
• Build, implement and maintain the reporting and methodology to measure cost performance and delivery of dashboards to provide cost analysis to the Directors and Budget holders.
• Ensures compliance with Group Standards.
• Participates in and promotes the implementation of financial tools recommended by Headquarters (SAP/UNISOL, STAR Cristal etc.)
• Identify and promote good practices (minimize open/inactive PR/PO, WBS & Cost Center).
• Actively participate in Cost Control Métier meetings to ensure knowledge, best practices and communication is maintained across the company ensuring practices are according to Company standards / procedures.

Accountabilities

•    Manages (within his/her perimeter) the cost control function for the affiliate operations and ensures that budgets/forecasts are realistic and respected, cost reports are produced timely with accurate and pertinent analyses.

•    Gives assistance and financial advice to budget holders concerning their budget, forecast and realization of costs and necessary improvements -cost related- recommendations

•    As part of the Finance Division ensures the respect of financial procedures and SOX.

•    Provide, as CO Key-User, coordination of the level one support

Qualifications/Experience required

•    5-10 years’ experience in Cost Control, of which at least 8-10 years in Oil & Gas and in multiple activities (Logistics, Drilling, Operations, Projects....).

•    Degree in accounting, Finance, or other business-related disciplines

•    Expert knowledge of systems, especially SAP FI/CO, BW and Excel. Knowledge of Hyperion Essbase a plus.

•    Strong analytical skills. 

•    Strong communication and interpersonal skills. 

•    Fluent in English, including in writing