Finance Analyst (Costing)

Singapore LNG Corporation Pte Ltd; Singapore; On-site; SGD 60,000 - 80,000; Full time

Job summary

A leading energy company in Singapore is seeking a skilled Finance Analyst. The role involves cost driver analysis, ERP system management, and financial viability assessments for commercial transactions. The ideal candidate has 2-3 years of experience in costing within the Oil & Gas sector and proficiency in ERP systems such as SAP. Excellent communication and analytical skills are essential for this position.

Qualifications

• 2-3 years of experience in Costing and management reporting.
• Hands-on experience in ERP systems, preferably SAP.
• Familiarity with SQL and BI tools is a plus.

Responsibilities

• Conduct cost driver analysis and process mapping.
• Develop and maintain cost allocation methodology in ERP.
• Evaluate the financial viability of commercial transactions.

Skills

Cost driver analysis

ERP system management

Financial analysis

Communication skills

Regulatory compliance

Cost optimization

Tools

SAP S4 Hana

SAP Analytics Cloud

Power BI

Job description

Finance Analyst (Costing)

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.