Finance Advisor, Innovation - United Kingdom - BP p.l.c.

Description

• Finance Advisor, Innovation & Engineering

Finance Advisor, Innovation & Engineering Finance Advisor, Innovation & Engineering

• Travel required Up to 10% travel should be expected with this role
• Job category Finance Group
• Relocation available This role is not eligible for relocation

Working as part of the Performance & Planning Management (PPM) Enabler & Integrator (E&I) team, the Finance Advisor (I&E) will be focused on supportinginvestment governanceprocesses for the Innovation and Engineering (I&E) organisation and relateddigitalinvestment cases which impact the entire Group. It will be important to work closely with a range of partners within Finance, the Businesses, Enablers and Integrators (E&I) to drive spend on activities which will yield maximum long-term value to bp.

About the role:

The Finance Planning and Performance Management (PPM) E&I team's purpose is to provide the right financial performance information, to the right people at the right time in order to enable better decision making across both the E&I space, and to business entities.

Within the Enabler & Integrator entities, Innovation & Engineering is the biggest enabling function, with an overall annual budget of $3bn. Of this, $1.3bn is an investment budget for spending on a portfolio digital and other technology projects for delivery across the bp group.

The Finance Advisor, I&E will report into the senior management within PPM E&I and will apply their financial and commercial acumen to the I&E investment portfolio, ensuring the effective control of the investment budget and driving business value.

Key responsibilities include:

Investment case assurance:

Support case Project Lead in Financial Memorandum (FM) development

Lead economic evaluation of cases working with the project lead and Performance Management organisation to evaluate and optimise options that maximise value

Follow and provide consultation on the Group Investment Assurance and Approvals Process (GIAAP) for cases (including digital) to partners.

Co-ordinate case assurance and support shepherding of case reviews through Senior Management level as needed.

Commercial assurance:

Assessment of value from the I&E investment portfolio

Ongoing assessment of value proposition and economic viability

Analyse spend forecasts for the investment portfolio and challenge as needed

Post project assessment of cases

Business partnering

Partner with product teams to ensure strategic and financial alignment.

Support initiatives that drive integration, quality improvement, standards and compliance

What skills / experience are needed:

Knowledge, expertise and understanding in economic evaluation which includes the ability to generate NPV, IRR, Discounted Payback and Investment Efficiency from a series of cashflows.

Consistent track record to lead delivery of work products and handle conflicting priorities and uncertainty.

Demonstrates the ability to build insights from data analysis, with willingness to challenge the status quo;

Strong Financial analytical skills, ability to handle data with the required accuracy and attention to detail to underpin insightful analysis

Experience in supporting initiatives that drive integration, quality improvement, standards and compliance.

Strive to continuously improve and to help set up the I&E organisation in a modern and efficient way

Other desirable skills and knowledge:

Bachelor's Degree in Accounting, Finance or Business or recognised accounting qualification.

Understanding of how to quantify value for digital cases is useful

Understanding of the BP investment policy and Economic Evaluation Methodology

Experience of the Finance group financial systems landscape, tools and data structures (e.g. AFE/FM Workspace, Perseus, Teams, PowerBI)

Strong understanding of the Group financial reporting frame and cadence.

Experience working with senior leadership and executive reporting.

Travel Requirement:

Minimal travel should be expected with this role

Relocation Assistance :

This role is not eligible for relocation

Additional Information

At bp, we support our people to grow in a diverse and dynamic environment. We are strengthened by diversity.

There are many aspects of our employees' lives that are meaningful, so we offer benefits to enable your work to fit with your life. These benefits can include flexible working options, a generous paid parental leave policy, excellent retirement benefits, among others We will ensure that individuals with disabilities are provided reasonable accommodation to participate in the job application or interview process, to perform essential job functions, and to receive other benefits and privileges of employment. Please contact us to request accommodation.

Thinking about applying? Learn more about our amazing discretionary UK reward and benefits to help you get the most out of work and life.

Travel Requirement

Up to 10% travel should be expected with this role

Job summary

Entity:

Finance

Job Family Group:

Finance Group

Job Description:

Job Summary :

Working as part of the Performance & Planning Management (PPM) Enabler & Integrator (E&I) team, the Finance Advisor (I&E) will be focused on supportinginvestment governanceprocesses for the Innovation and Engineering (I&E) organisation and relateddigitalinvestment cases which impact the entire Group. It will be important to work closely with a range of partners within Finance, the Businesses, Enablers and Integrators (E&I) to drive spend on activities which will yield maximum long-term value to bp.

About the role:

• The Finance Planning and Performance Management (PPM) E&I team's purpose is to provide the right financial performance information, to the right people at the right time in order to enable better decision making across both the E&I space, and to business entities.
• Within the Enabler & Integrator entities, Innovation & Engineering is the biggest enabling function, with an overall annual budget of $3bn. Of this, $1.3bn is an investment budget for spending on a portfolio digital and other technology projects for delivery across the bp group.
• The Finance Advisor, I&E will report into the senior management within PPM E&I and will apply their financial and commercial acumen to the I&E investment portfolio, ensuring the effective control of the investment budget and driving business value.

Key responsibilities include:

Investment case assurance:

• Support case Project Lead in Financial Memorandum (FM) development
• Lead economic evaluation of cases working with the project lead and Performance Management organisation to evaluate and optimise options that maximise value
• Follow and provide consultation on the Group Investment Assurance and Approvals Process (GIAAP) for cases (including digital) to partners.
• Co-ordinate case assurance and support shepherding of case reviews through Senior Management level as needed.

Commercial assurance:

• Assessment of value from the I&E investment portfolio
• Ongoing assessment of value proposition and economic viability
• Analyse spend forecasts for the investment portfolio and challenge as needed
• Post project assessment of cases

Business partnering

• Partner with product teams to ensure strategic and financial alignment.
• Support initiatives that drive integration, quality improvement, standards and compliance

What skills / experience are needed:

• Knowledge, expertise and understanding in economic evaluation which includes the ability to generate NPV, IRR, Discounted Payback and Investment Efficiency from a series of cashflows.
• Consistent track record to lead delivery of work products and handle conflicting priorities and uncertainty.
• Demonstrates the ability to build insights from data analysis, with willingness to challenge the status quo;
• Strong Financial analytical skills, ability to handle data with the required accuracy and attention to detail to underpin insightful analysis
• Experience in supporting initiatives that drive integration, quality improvement, standards and compliance.
• Strive to continuously improve and to help set up the I&E organisation in a modern and efficient way

Other desirable skills and knowledge:

• Bachelor's Degree in Accounting, Finance or Business or recognised accounting qualification.
• Understanding of how to quantify value for digital cases is useful
• Understanding of the BP investment policy and Economic Evaluation Methodology
• Experience of the Finance group financial systems landscape, tools and data structures (e.g. AFE/FM Workspace, Perseus, Teams, PowerBI)
• Strong understanding of the Group financial reporting frame and cadence.
• Experience working with senior leadership and executive reporting.

Travel Requirement:

Minimal travel should be expected with this role

Relocation Assistance :

This role is not eligible for relocation

Additional Information

At bp, we support our people to grow in a diverse and dynamic environment. We are strengthened by diversity.

There are many aspects of our employees' lives that are meaningful, so we offer benefits to enable your work to fit with your life. These benefits can include flexible working options, a generous paid parental leave policy, excellent retirement benefits, among others We will ensure that individuals with disabilities are provided reasonable accommodation to participate in the job application or interview process, to perform essential job functions, and to receive other benefits and privileges of employment. Please contact us to request accommodation.

Thinking about applying? Learn more about our amazing discretionary UK reward and benefits to help you get the most out of work and life.

Travel Requirement

Up to 10% travel should be expected with this role

Relocation Assistance:

This role is not eligible for relocation

Remote Type:

This position is a hybrid of office/remote working

Skills:

Analysis and modelling, Analysis and modelling, Analytics, Benchmarking, Business Performance, Business process improvement, Commercial acumen (Inactive), Commercial performance management, Communication, Cost Management, Data visualization and interpretation, Decision Making, Economic evaluation methodology, Economic modelling, Financial Analysis, Group Problem Solving, Integrated Planning, Investment appraisal, Long Term Planning, Management Reporting, Managing change, Measurement and metrics, Organizational knowledge, Performance and planning, Performance management {+ 4 more}

Legal Disclaimer:

We are an equal opportunity employer and value diversity at our company. We do not discriminate on the basis of race, religion, color, national origin, sex, gender, gender expression, sexual orientation, age, marital status, socioeconomic status, neurodiversity/neurocognitive functioning, veteran status or disability status. Individuals with disabilities may request a reasonable accommodation related to bp's recruiting process (e.g., accessing the job application, completing required assessments, participating in telephone screenings or interviews, etc.). If you would like to request an accommodation related to the recruitment process, please contact us to request accommodations.

If you are selected for a position and depending upon your role, your employment may be contingent upon adherence to local policy. This may include pre-placement drug screening, medical review of physical fitness for the role, and background checks.

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