Title: Sr. Specialist I, Cost Control Main purpose of the role: Responsible for supporting the team accountable for delivering project cost control services with a range of activities including developing & monitoring appropriate budgets and cash flow ensuring that the base business costs forecasting remains highly accurate and that cost is being correctly charged to BP and in compliance with BP Published Guidelines and Common Process as it relates to cost controls. The Cost Specialist provides detailed day-to-day cost control and support. General Responsibilities + Act as a key liaison between contractors, contract owners, and procurement teams to ensure alignment and efficiency. + Provide critical SAP data, including contract details and purchase orders, to support informed decision-making. + Maintain accurate and up-to-date financial information to support contract evaluation and negotiations. + Proactively address contract-related queries by coordinating with key stakeholders, ensuring timely resolution. + Generate, analyze, manage, and distribute actuals and estimates reports to TL. + Provide Value of Work Done (VOWD) reports monthly and participate in monthly VOWD review meetings with BROs and SLs. + Monitor cost performance against realistic targets to ensure objectives and KPIs are met. + Support APM with SC, PO approval process by providing detailed insights and follow ups identified gaps. + Support with providing monthly update to APM about the overall cost performance of the area. + Review and verify contractor invoices (SES release) for accuracy and compliance with contractual agreements. + Collaborate with contractors to develop and maintain accurate cash flow forecasts and cost projections. + Track and update contractor and vendor PO values, providing detailed reports as required. + Support budget planning for BROs, including stakeholder engagement, activity set identification, and activity cost estimation. + Support QPF and GFO submissions in accordance with correct cost allocation. + Create additional reporting, such as budget comparison reports, cost-saving reports, and other analytical deliverables. + Track expenditures and commitments. + Conduct in-depth investigations and analyses to identify cost-intervention opportunities and collaborate with cross-functional teams to implement cost-saving initiatives. + Facilitate preparation, approval, and tracking of Shopping Cards (SCs). + Maintain documentation of financial and statistical data used in cost analysis (e.g., PO details reports, Actuals reports, etc.). + Secure and organize accounting-related documentation such as financial statements, CTRs, and invoices.