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Consultant ? Cost Management & Optimization

1.00 to 10.00 Years   Al Kuwait, Kuwait   16 Dec, 2024
Job LocationAl Kuwait, Kuwait
EducationBachelor's degree / higher diploma
Salary$8,000 - $9,000
IndustryOil & Gas
Functional AreaNot Mentioned

Job Description

Key Responsibilities:

  • Develop and support the implementation of cost-reduction strategies and action plans in collaboration with cross-functional teams.
  • Assess and report financial estimates for cost-saving initiatives.
  • Provide recommendations to optimize resource allocation and improve cost efficiency.
  • Collect and analyze cost data, cost drivers, and financial performance indicators.
  • Design and oversee the development of IT applications to offer insights on cost trends and identify areas for improvement.
  • Ensure that cost baseline and optimization efforts maintain a balance between efficiency and compliance.
  • Periodically review and refine cost baseline models and cost optimization processes.
  • Drive the automation of cost baselines and provide actionable recommendations for improvement.
  • Support the hydrocarbon accounting process across the company?s value chain, including data validation and reconciliation to ensure consistency and accuracy in production data.
  • Coach and mentor internal resources to build capabilities in supporting and leading cost optimization initiatives.
Experience:
  • A minimum of 18 years of industry experience, including 13+ years in the Oil & Gas (O&G) sector in a similar role.
  • Extensive expertise in financial analytics, cost management, and cost optimization across the O&G value chain.
Proven experience in Oil & Gas procurement and financial transformation initiativesQualifications:
  • Bachelors or advanced degrees in Finance, Engineering, or Business.
  • Preferred professional certifications such as:
Certified Cost Professional (CCP)Certified Management Accountant (CMA)Kaizen or Six Sigma certifications
  • A proven track record of successfully advising and supporting CXO-level executives in O&G organizations on cost management and optimization.

Keyskills :

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