(FP&A) Business Performance Senior Analyst

Job Title:  Financial Planning & Analysis (FP&A) Business Performance Senior Analyst

About Us

Capco, a Wipro company, is a global technology and management consulting firm. Awarded with Consultancy of the year in the British Bank Award and has been ranked Top 100 Best Companies for Women in India 2022 by Avtar & Seramount. With our presence across 32 cities across globe, we support 100+ clients across banking, financial and Energy sectors. We are recognized for our deep transformation execution and delivery. 

WHY JOIN CAPCO?

You will work on engaging projects with the largest international and local banks, insurance companies, payment service providers and other key players in the industry. The projects that will transform the financial services industry.

MAKE AN IMPACT

Innovative thinking, delivery excellence and thought leadership to help our clients transform their business. Together with our clients and industry partners, we deliver disruptive work that is changing energy and financial services.

#BEYOURSELFATWORK

Capco has a tolerant, open culture that values diversity, inclusivity, and creativity.

CAREER ADVANCEMENT

With no forced hierarchy at Capco, everyone has the opportunity to grow as we grow, taking their career into their own hands.

DIVERSITY & INCLUSION

We believe that diversity of people and perspective gives us a competitive advantage.

Role: Senior Cost Management Specialist

Location: Pune

Experience: 5-8 years

About the role

The FP&A Senior Cost Management Specialist focuses on partnering with the Oil & Gas Management team to deliver cost & capex management services for the businesses. The role will involve supporting Budget Responsible Officers (BROs) in preparing monthly Value of Work Done (VOWD) and variance commentary, monitoring POs, and providing Super-User support for the Cost Management Tool (CMT). Leading cost performance processes, developing plans, budgets, and forecasts, and applying technology for cost performance analyses. Collaborating with various teams to ensure high-quality performance data and promoting the use of standardized systems to drive improved outcomes. The incumbent would be required to work under alternative shift arrangements to ensure appropriate overlap hours with Eastern Standard time

WHAT YOU WILL DELIVER

Business Partnering

• Monthly Value of Work Done (VOWD) Preparation: Support Budget Responsible Officers (BROs) in preparing monthly VOWD for project and cost centre scopes, continuously improving the process and supporting its application within the Cost Management Tool (CMT).
• AFE Management: Lead the creation, documentation, validation, and approval of AFEs as required by asset-specific joint operating agreements and communicate cost objects to the organization following AFE approval.

Operational

• Purchase Order Monitoring: Monitor POs associated with project scopes and provide support to BROs.
• Invoice Resolution: Support BROs with invoice resolution through collaboration with SAP specialists.
• SES Management: Provide guidance on SES release, assist with vendor payment requests, and manage SES reversals.

Technical lead

• Super-User Support: Provide Super-User support for CMT, maintaining master data and cost data mapping.

Performance management and reporting

• Planning and Forecasting: Collaborate with BROs to develop plans, budgets, and forecasts, ensuring the inclusion of third-party costs, labor, overhead, and allocation data into relevant planning and cost management systems to eliminate data gaps and ensure data quality.
• Cost Performance Analysis: Utilize technology to develop monthly cost performance analyses (e.g., monthly & quarterly run-rates, cost-reducing initiative delivery, actuals/accrual variance to plan, year-on-year costs) and generate action plans to improve performance.
• Variance Commentary: Prepare monthly variance commentary of actuals against QPF, ensuring accurate financial reporting.
• Cost Performance Leadership: Lead cost performance processes with regionally deployed BROs, promoting the use of new and standardized systems, and coaching BROs on using available tools to drive self-service, efficiency, and value generation.
• Collaboration and Analysis: Support and collaborate with the O&G FP&A Business Performance Team, central Enabler Performance teams, and the FP&A Performance Management Benchmarking & Metrics team in analyzing metrics and key performance indicators to ensure high-quality, streamlined delivery of performance data.

Continuous Improvement:

• Continuously improve cost related systems and processes to increase automation and move towards increasing the self-service model.

Must have educational qualifications:

• Engineering Discipline Degree level or equivalent

Preferred education/certifications:

• Master’s Degree or other qualification in a finance discipline e.g. MBA, CA, ICWA/Cost Accountants

Minimum years of relevant experience:

• 5 years of relevant post degree experience in cost management specialist or similar role.

Preferred experience:

• Experience within global, complex and matrix organizations in financial reporting, budgeting and forecasting, preferably in oil & gas or retail or logistics or manufacturing or asset-based businesses.

Must have experience/skills (To be hired with):

• Advanced-level use of PowerBI, Excel, and data analytics.
• Strong verbal and written communication skills.
• Prior experience in finance processes, especially in estimating value of work done, budgeting & forecasting, and cost monitoring & analysis.
• Continuous improvement in performance management and MI to promote standardization and simplification.
• Ability to gain trust from finance and business senior stakeholders.

  Job Title: Financial Planning & Analysis (FP&A) Business Performance Senior Analyst

  Reports To: FP&A Business Performance Manager

  Department: Finance – Business and Technology

  Location: Pune

  Job Type:

  Individual Contributor (Provides technical expertise)
  Not a people management role

  About the Role:

  This role is part of the Finance FP&A organization under the Business Performance team. It is responsible for operating business planning, analysis, performance management, and control activities.

  Job Purpose:

  To manage business performance activities including FP&A processes (GFO, GFR, Planning), performance analysis, and cost control. The role demands strong business partnering, commercial insight, and financial control, supporting strategic decisions and compliance.

  Key Responsibilities:Business Partnering & Performance Insights
  • Maintain proactive finance-business stakeholder partnerships
  • Coordinate the GFO cycle and stakeholder engagement
  • Analyze actuals and monitor performance trends
  • Deliver MI analysis and leadership reporting
  • Ensure accurate planning inputs and executive review material
  Strategy & Planning
  • Drive the annual planning process with performance challenges
  • Submit quality forecasts with insights
  • Support strategic decision-making with risk-reward evaluation
  • Participate in financial projects and modeling
  Performance Reporting
  • Lead monthly/quarterly business performance reporting
  • Explain actuals vs forecasts
  • Present insights to leadership
  • Maintain economic models and drive decision-oriented analysis
  • Identify opportunities for reporting improvement
  Risk, Control & Compliance
  • Monitor financial accuracy and Group policy compliance
  • Strengthen internal controls and interfaces with ARC/embedded finance
  • Address process control gaps and escalate as needed
  • Support due diligence, SEA reporting, and LRA assurance
  Functional Knowledge Required:
  • Strong understanding of FP&A processes (PPM, ARC)
  • Expertise in performance analysis and MI
  • Digital tools and data literacy
  • Familiarity with financial standards and controls
  • Continuous improvement mindset
  Business & Leadership Skills:
  • Sound commercial acumen and understanding of business dynamics
  • Effective collaboration across functions and teams
  • Process improvement and value creation
  • Clear and persuasive communication
  Problem Solving:
  • Prioritize tasks and manage volume
  • Identify and escalate key issues
  • Anticipate risks and plan for mitigation
  Impact & Communication:
  • Act as a finance contact for business stakeholders
  • Influence decision-making with financial data
  • Contribute to FP&A team engagement and performance
  • Strong interpersonal and cross-cultural collaboration skills
  Required Qualifications:

  Education: Bachelor’s degree in Finance/Business (minimum)

  Preferred: Master’s Degree or ACCA / ACA / CIMA

  Experience:

  • Minimum 5 years of post-degree relevant experience
  • Experience in global, matrix environments
  • Strong exposure to financial reporting, budgeting, forecasting
  • Preferred experience in Oil & Gas industry