Advisor II, Cost Controls

Phillips 66; Bartlesville (OK); On-site; USD 109,000 - 133,000; Full time

Benefits offered by this job

VCIP bonus

401k company match

Pension plan

Medical, Dental, and Vision benefits

Well‑being programs

Job summary

Phillips 66 is seeking an Advisor II, Cost Controls, to deliver cost analysis, forecasting, budgeting, and reporting to drive sound financial decisions for Midstream operations.

You will partner with area leadership and FP&A to sharpen forecast quality, support funding decisions, and improve cost-management practices across the business. The role emphasizes Anaplan planning and governance for major maintenance and joint ventures.

Qualifications

• 3 or more years of experience in cost analysis, budgeting, forecasting, and financial reporting.

Responsibilities

• Lead monthly cost and forecast reviews with area managers, analyzing trends against budget, burn rate, and historical performance, and updating forecasts as conditions change.
• Review accrual thresholds and provide guidance on cost settlement and resettlement activities.
• Support regional reviews with FP&A and prepare clear, decision-ready reporting for leadership.
• Prepare joint-venture reports and presentations, serving as a subject‑matter resource for related operating agreements and cost reporting.
• Analyze actuals, forecasts, budgets, and prior‑period results to collect and analyze data trends that inform decision-making.
• Identify operational drivers behind variances and perform multi‑year, cross‑region analysis for major‑maintenance and program spend.

Skills

Cost analysis

Forecasting

Budgeting

Financial reporting

SAP

Microsoft Office

Education

Bachelor's degree in Finance, Accounting, or Data Analytics

Tools

SAP

Microsoft Office

Job description

Total Rewards

Phillips 66 & YOU - Together we can fuel the future

As Advisor II, Cost Controls, you will provide cost analysis, forecasting, budgeting, and reporting support that helps Midstream operations and program teams make sound financial decisions. Partnering closely with area leadership and Financial Planning & Analysis (FP&A), you will explain financial performance, sharpen forecast quality, support funding decisions, and strengthen cost-management practices across the business.

You will apply strong financial acumen and business insight to connect financial results to day-to-day operational activity, translating complex and sometimes competing information into clear, practical guidance for leaders and field teams. This role offers the opportunity to influence cost settlement and resettlement, joint-venture reporting, Anaplan planning, and major-maintenance governance for a critical part of Phillips 66's Midstream business.

What You'll Do

• Lead monthly cost and forecast reviews with area managers, analyzing trends against budget, burn rate, and historical performance, and updating forecasts as conditions change.
• Review accrual thresholds and provide guidance on cost settlement and resettlement activities.
• Support regional reviews with FP&A and prepare clear, decision-ready reporting for leadership.
• Prepare joint-venture reports and presentations, serving as a subject‑matter resource for related operating agreements and cost reporting.
• Analyze actuals, forecasts, budgets, and prior‑period results — including unusual transactions, blanket work‑order spend, equipment, materials, vendors, initiatives, inflation, contracting activity, and cost per unit — to collect and analyze the data trends that inform decision‑making.
• Identify the operational drivers behind variances and perform multi‑year, cross‑region analysis for major‑maintenance and program spend, working through complex and sometimes contradictory information to reach sound conclusions.
• Partner with FP&A to provide budget guidance, review submissions with Midstream Operations Leadership Team budget owners, consolidate bottom‑up budgets, estimate and manage costs within budget, support funding decisions, and facilitate approved reallocations.
• Support long‑range planning, annual assessments, and distribution updates.
• Serve as an Anaplan and cost‑management tools subject‑matter expert, systematically estimating, allocating, and controlling costs while providing user training to the broader team.
• Provide analytical support for growth initiatives, acquisitions, and major‑maintenance governance, staying attuned to business and industry changes that affect Midstream's goals.

What You'll Bring – Required

• Legally authorized to work in the United States
• Bachelor's degree or higher in Finance, Accounting, or Data Analytics
• 3 or more years of experience in cost analysis, budgeting, forecasting, and financial reporting
• Intermediate proficiency in SAP and Microsoft Office, with the ability to collect, analyze, and report on operational and project costs to reveal true cost drivers

What Makes You Stand Out – Preferred

• Previous experience supporting maintenance, reliability, operations, or other asset‑intensive environments
• Anaplan or comparable planning and forecasting tool experience
• Exposure to joint‑venture reporting and accounting
• Experience working with Midstream assets and processes
• Ability to use Artificial Intelligence to create insights

Compensation Range

This position has a base salary range of $108,900 - $133,100.

At Phillips 66, we are committed to pay transparency and competitive, equitable compensation. Each role is assigned a salary grade with a defined pay range, benchmarked against industry peers. Where a candidate offer falls within the posted range depends on the candidate's experience, skills, and alignment with the role's requirements. Offers are made to ensure internal equity and market competitiveness. Our compensation programs are designed to reward performance and support career growth.

Midstream

The Phillips 66 Midstream business is a safe, reliable, and trusted provider for the movement, storage, gathering, and processing of liquid or gas energy via pipelines or terminals. We are an industry leader in logistics and operate or manage more than 70,000 miles of pipelines that transport crude oil from oil fields to refineries and finished products from refineries to storage terminals. We operate 39 terminals that supply finished products to consumer gas stations, as well as crude oil and NGL storage terminals and NGL fractionation facilities. Our capabilities include extensive natural gas gathering and processing operations, enhancing our wellhead‑to‑market strategy. We also provide the connectivity between the various Phillips 66 business units.

Total Rewards

Benefits

At Phillips 66, providing access to high quality programs and care for you and your family is important to us. Maintaining a culture of well‑being — physical, emotional, social, and financial — is essential for a high-performing organization. When we are at our best, we are poised to deliver exceptional results — personally and professionally. Benefits for certain eligible, full‑time employees include:

• Annual Variable Cash Incentive Program (VCIP) bonus
• 8% 401k company match
• Cash Balance Account pension
• Medical, Dental, and Vision benefits with an annual company contribution to a Health Savings Account for employees on HDHP
• Total well‑being programs and incentives, including Employee Assistance Plan, well‑being reimbursement, and backup family care services

Learn more about Phillips 66 Total Rewards.

Phillips 66 has more than 140 years of experience in providing the energy that enables people to dream bigger and go farther, faster. We are committed to improving lives, and that is our promise to our employees and our communities. We are sustained by the backgrounds and experiences of our diverse teams, which reflect who we are, the environment we create and how we work together. We have been recognized by the Human Rights Campaign, U.S. Department of Labor and the Military Times for our continued commitment to inclusive practices and policies in the hiring and retention of those in the LGBTQ+ community and military veterans. Our company is built on values of safety, honor and commitment. We call our cultural mindset Our Energy in Action, which we define through four simple, intuitive behaviors: We work for the greater good, cultivate an environment of trust, seek different perspectives and pursue excellence.

Learn more about Phillips 66 and how we are working to meet the world's energy needs today and tomorrow, by visiting phillips66.com.

Phillips 66 is an Equal Opportunity Employer