Key Responsibilities

• Monitor and control project costs for offshore upstream operations in line with approved budgets and AFEs (Authorizations for Expenditure).
• Prepare accurate and timely cost reports, variance analyses, and cost forecasts for project management and senior leadership review.
• Develop and maintain cost control systems, tools, and procedures aligned with operator company standards and project-specific requirements.
• Collaborate with project engineers, procurement, and finance teams to track commitments, actuals, and accruals.
• Support the preparation of annual budgets and periodic budget revisions for upstream projects.
• Identify cost trends, risks, and opportunities; escalate issues to the team and relevant stakeholders in a timely manner.
• Assist in the preparation of project cost management plans and contribute to lessons-learned documentation.
• Liaise with operator representatives on cost reporting requirements, audits, and joint venture cost queries.
• Support month-end and year-end closing activities in coordination with the finance and accounting team.

Qualifications & Requirements

Education

• Bachelor's degree in Finance, Economics, Engineering, or a related field.
• A professional qualification (e.g., CIMA, ACCA, PMI-SP) is an advantage.

Experience

• 4–6 years of hands-on cost control experience within the upstream oil and gas industry.
• Prior experience at an operator company is strongly preferred.
• Demonstrated experience with cost management and cost control.
• Familiarity with Joint Venture (JV) reporting, Production Sharing Agreement (PSA) environments, and AFE management is a significant advantage.

Technical Skills

• Proficiency in cost control software and ERP systems (SAP, Oracle, or equivalent).
• Advanced Microsoft Excel skills; experience with Power BI or other data visualization tools is an advantage.
• Solid understanding of project accounting principles, WBS structures, and cost coding systems.
• Knowledge of upstream project lifecycle phases — Appraisal, FEED, Execution, and Operations.

Soft Skills & Other Requirements

• Strong analytical skills with a high attention to detail and accuracy.
• Effective communication skills with the ability to present financial data clearly to non-financial stakeholders.
• Ability to work in a fast-paced, multicultural project environment and manage multiple priorities.
• Fluency in English is required; Azerbaijani and/or Russian language skills are an advantage.

Interested candidates can send their CV to the e-mail address in the Apply for job button.