Financial Oversight Specialist

2 weeks ago

Bay City, Texas, United States INEOS AMERICAS LLC Full time
Are you ready to advance your career?

At INEOS AMERICAS LLC, we prioritize the growth of our skilled workforce and aim to nurture our associates' professional development. If you believe this opportunity aligns with your career goals, we encourage you to consider this position.

Our employees are integral to our achievements.

Compensation Level:
ACE-USD-SAL

The Financial Oversight Specialist plays a crucial role in managing and supervising expenditure related to Asset Support within the Texas City Manufacturing sector, ensuring optimal spending, typically around $30 million annually. Through diligent commercial oversight, you will ensure that all contractors in this domain deliver value and that no unjustified expenses are incurred by INEOS.

Work Environment:

Internal:
  • Collaborating with various teams including Asset, Operations, Maintenance, Turnaround, Finance, Procurement, and Engineering.
  • Understanding and adhering to INEOS compliance protocols (e.g., DOA, NCR, Capex Rules).
  • Interpreting business performance and its implications for approved budgets and Capex strategies.
External:
  • Engaging with key vendors across different regions.
  • Considering economic factors influencing production needs and operational strategies.
  • Adapting to evolving statutory reporting requirements within the industry.
  • Staying informed about changing industry practices and conditions.
  • Enhancing processes and tools for accurate and timely cost management.
Key Responsibilities:
  • Ensuring adherence to HSSE standards as outlined by INEOS Life Saving Rules and 20 Safety Principles.
  • Fostering a safety culture through proactive leadership in the field, including Safety Observation Conversations, Audits, and Near Miss reporting.
  • Emphasizing forecasting, team development, and process enhancements.
  • Compiling and submitting monthly contract labor data to Asset Managers and Site Managers.
  • Leading overall Capex/Projects Cost reporting across all Asset teams for the Texas City site.
  • Conducting detailed variance analysis of actual financial outcomes against plans, forecasts, and key performance indicators.
  • Ensuring operational departments comply with established policies and procedures.
  • Collaborating closely with accounting for precise financial reporting.
  • Providing weekly updates to program management and stakeholders.
  • Developing and maintaining Estimates to Complete (EACs) for various project types (Cost-Type, T&M, Fixed Price, etc.).
  • Acting as the primary liaison between assigned departments.
  • Driving process improvements and lean initiatives within the supply chain to optimize costs.
  • Analyzing data to identify opportunities for cost reduction across operations.
  • Designing and delivering training for program and functional staff in cost estimation.
  • Monitoring project expenditures and adherence to budget forecasts.
  • Creating reporting tools to track cost of goods sold data.
  • Maximizing profitability through fixed cost-saving initiatives while considering the impact of sourcing strategy changes and manufacturing practices.
  • Assisting in the preparation of purchase orders and bid specifications.
  • Conducting schedule risk assessments to identify and mitigate cost and scheduling risks.
  • Collaborating with key stakeholders to identify and monitor project risks.
  • Contributing to the development of annual operational budgets.
  • Managing temporary Project Controls resources to ensure adequate coverage across Assets for Capex, TAR, and special projects.
Qualifications:

Education & Knowledge:
  • Bachelor's degree in accounting, business, construction management, project management, or finance, or 5+ years of relevant experience in lieu of a degree.
  • 2+ years of experience in TA/Shutdown/Outage, Maintenance, and Project controls.
  • 10+ years of experience in a refinery or major chemical plant environment.
Experience & Technical Skills:
  • Proficiency in analytical cost and performance management tools.
  • Familiarity with PowerBI, Excel, and SAP.
  • Experience in establishing metrics to monitor maintenance performance.
Competencies & Behavioral Skills:
  • Proven ability to apply systematic principles for enhanced effectiveness.
  • Sound decision-making skills based on complex data analysis.
  • Strong interpersonal and written communication abilities.
  • Understanding of business context and operational impact.
  • Ability to build effective working relationships across all organizational levels.
  • Technical awareness of manufacturing operations and maintenance challenges.
  • Capacity to initiate and drive organizational change.
  • Methodical problem-solving approach, distinguishing between urgency and importance.
  • Innovative mindset with the ability to influence beyond direct lines of authority.
  • Capability to produce complex reports promptly and accurately.
  • Strategic thinking aptitude.
  • Extensive knowledge of R&M/Projects/TAR processes and practices.

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