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We are offering an exciting opportunity for a Cost Analyst in the Oil & Gas industry, based in Midland, Texas. In this role, you will support financial planning, budgeting, forecasting, and job cost analysis to enhance operational efficiency and profitability. Collaborating with production, supply chain, and finance teams, you will ensure accurate cost tracking, variance analysis, and financial reporting.
Job Responsibility:
Collaborate with accounting and operations to ensure financial accuracy and compliance with internal controls
Assist in the budgeting, forecasting, and long-term financial planning processes
Work closely with production teams to track and monitor job costs and ensure proper cost allocation
Analyze direct and indirect costs, including labor, materials, and overhead in the manufacturing process
Prepare monthly, quarterly, and annual financial reports for senior management
Support cash flow forecasting and working capital analysis
Develop and maintain financial models to support decision-making
Monitor inventory valuation, material usage, and waste analysis to optimize cost efficiency
Perform variance analysis, comparing actual costs to budgets and forecasts, identifying trends and cost-saving opportunities
Assist in job profitability analysis, identifying inefficiencies and recommending cost control measures
Requirements:
Proficiency in Accounting Software Systems
Experience with ADP - Financial Services
Familiarity with Customer Relationship Management (CRM) systems
Ability to utilize Crystal Reports
Knowledge of Data Mining Techniques for financial analysis
Understanding of standard Accounting Functions
Experience with Accrual Accounting
Proficiency in Auditing
Familiarity with Budget Processes
Experience in Capital Management within the Oil & Gas industry
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