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Trainee Cost Analyst - Grangemouth

All - Finance
Ref: 843 Date Posted: Thursday 02 May 2019
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Trainee Cost Analyst

Job Purpose
Train in the cost control, reporting and auditing system for O&P UK and FPS term contracts, providing cost data and learn to financially manage payment applications from contractors.

Total Annual Spend –on site Maintenance contracts - £26.6M
Verifying contractor payment applications with Assets up to a value of £3m / month.
Update Site Accrual £1-3M accrued/month.

Principle Accountabilities
Support the cost analysts in validating monthly contractor term payment applications, to assist with ensuring that the correct contract rates are being applied and INEOS spend control rules are being adhered to.
Assist with carrying out contractor commercial audits, ensuring that the correct contract rates are being applied and that all supporting documentation is available.  Report any recommendations discrepancies (via the non-conformance process) to the contract owners, arrange for and follow up on credit notes, where required, to cover any money owed to INEOS.
Attend INEOS / Contractor meetings to ensure that INEOS and contractors meet their commercial obligations.
Assist in the preparation of monthly and year end Term accruals, to ensure costs are reported in the correct financial period.
Monitor and carry out the closure of purchase orders in SAP to allow project codes to be financially closed out.
Assist the Cost Analysts with the verification of Internal Orders, to ensure these are reconciled at each month end and that the SAP ledger is balanced and no imbalances exist for accounts.
Assist the Cost Engineers with raising Work Orders and Purchase Requisitions.

Qualifications, Knowledge and Skills
HNC in Finance/Business Admin/IT, no experience necessary.
Advanced Excel Skills
Effective communication skills
Enthusiastic and motivated to learn and fully understand process’ and systems.
Ability to manage time effectively to achieve targets and objectives within deadlines.
Ability to use, manipulate and organise data.

How to Apply
Interested candidates should submit their CV and apply