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Financial Analyst

  • Location: Grangemouth
  • Salary: Negotiable
  • Job Type:Permanent

Posted about 2 months ago

  • Sector: Oil, Gas and Petrochemical
  • Contact: Peter Reilly
  • Contact Email:
  • Contact Phone: 07595 651 110
  • Start Date: ASAP
  • Expiry Date: 15 December 2021
  • Job Ref: 1038111

NRL’s client based in Grangemouth is looking to recruit a Financial Analyst on a permanent staff basis.
The Finance Analyst role is responsible for a wide range of duties including treasury, capex reporting and general ledger activities. This includes ensuring the accuracy and integrity of the financial ledger and supporting the Financial Control Team leader with ad hoc duties.

About the role:

  • Review and report the monthly Capex spend both in terms of value of work done and cash outflow, annualised value of $100m, ensuring the integrity within the financial ledger. Review all refining Capex projects on a monthly basis, ensuring that projects have the appropriate sanction per the current delegation of authority and that forecast costs are within sanction, discussing with project managers to correct this by getting additional sanction or reappraising project costs. Be responsible for the control and reconciliation of the fixed asset register for PIMSL and PIFAL entities in according with current financial reporting standards
  • Work with the cost analyst to review and report on the monthly fixed and variable costs for specified cost center budgets, including HR, Procurement and FC&A. This involves quarterly meetings with the budget holder, assisting them with queries, preparing revised year-end forecasts, and preparing the annual operation plan
  • Assist the Financial Control Team Leader in the completion of year-end financial statements for entity-level companies to a high quality to ensure they are clear to the company auditors. Be part of the team delivering year-end accounts and answer audit queries regarding year-end as they arise.
  • Support the Treasury Analyst with JV1 and JV2 treasury activities including cash forecasts, funding requests, managing inhouse cash balances, monitor daily cash positions, upload daily electronic bank statements, treasury end of day processes, bank reconciliations and the input of manual payment requests
  • Provide General Ledger support including balance sheet reconciliations, inter-company reconciliations, assist for preparation for external audits and provide ad hoc support to the Finance Control Team Leader

What you will need?

  • Good understanding of the purchase to pay process in the refining business and the impact that this will have on cost reporting
  • Be a strong team player, with ability to work on own initiative and comfortable dealing with refining management team, offering help and support in managing their budgets to achieve previously established targets
  • Good technical accounting understanding as well as detailed understanding of site systems, e.g. Maximo and their impact on the refining general ledger
  • Ability to provide cover for other roles in the team is an essential requirement
  • Ability to work to tight deadlines

Skills & Experience

  • Qualified accountant or part-qualified accountant with relevant experience having had exposure to management accounting, cost reporting and cash forecasting. Proven relevant experience will also be considered
  • Strong problem solving ability to resolve issues on own initiative and present solutions in a clear and precise manner
  • Excellent knowledge of refinery accounting system (SAP)
  • Excel skills (intermediate/advanced)
  • Good understanding of the principles of internal control