Finance Advisor, Innovation & Engineering

Job Description

Entity: Finance Job Family Group: Finance Group Job Summary:Working as part of the Performance & Planning Management (PPM) Enabler & Integrator (E&I) team, the Finance Advisor (I&E) will be focused on supportinginvestment governanceprocesses for the Innovation and Engineering (I&E) organisation and relateddigitalinvestmentcases which impact the entire Group.It will be important to work closely with a range of partners within Finance, the Businesses, Enablers and Integrators (E&I) to drive spend on activities which will yield maximum long-term value to bp.About the role:

• The Finance Planning and Performance Management (PPM) E&I team’s purpose is to provide the right financial performance information, to the right people at the right time in order to enable better decision making across both the E&I space, and to businessentities.
• Within the Enabler & Integrator entities, Innovation & Engineering is the biggest enabling function, with an overall annual budget of $3bn. Of this, $1.3bn is an investment budget for spending on a portfolio digital and other technology projects for deliveryacross the bp group.
• The Finance Advisor, I&E will report into the senior management within PPM E&I and will apply their financial and commercial acumen to the I&E investment portfolio, ensuring the effective control of the investment budget and driving business value.

Key responsibilities include:Investment case assurance:

• Support case Project Lead in Financial Memorandum (FM) development
• Lead economic evaluation of cases working with the project lead and Performance Management organisation to evaluate and optimise options that maximise value
• Follow and provide consultation on the Group Investment Assurance and Approvals Process (GIAAP) for cases (including digital) to partners.
• Co-ordinate case assurance and support shepherding of case reviews through Senior Management level as needed.

Commercial assurance:

• Assessment of value from the I&E investment portfolio
• Ongoing assessment of value proposition and economic viability
• Analyse spend forecasts for the investment portfolio and challenge as needed
• Post project assessment of cases

Business partnering

• Partner with product teams to ensure strategic and financial alignment.
• Support initiatives that drive integration, quality improvement, standards and compliance

What skills / experience are needed:

• Knowledge, expertise and understanding in economic evaluation which includes the ability to generate NPV, IRR, Discounted Payback and Investment Efficiency from a series of cashflows.
• Consistent track record to lead delivery of work products and handle conflicting priorities and uncertainty.
• Demonstrates the ability to build insights from data analysis, with willingness to challenge the status quo;
• Strong Financial analytical skills, ability to handle data with the required accuracy and attention to detail to underpin insightful analysis
• Experience in supporting initiatives that drive integration, quality improvement, standards and compliance.
• Strive to continuously improve and to help set up the I&E organisation in a modern and efficient way

Other desirable skills and knowledge:

• Bachelor’s Degree in Accounting, Finance or Business or recognised accounting qualification.
• Understanding of how to quantify value for digital cases is useful
• Understanding of the BP investment policy and Economic Evaluation Methodology
• Experience of the Finance group financial systems landscape, tools and data structures (e.g. AFE/FM Workspace, Perseus, Teams, PowerBI)
• Strong understanding of the Group financial reporting frame and cadence.
• Experience working with senior leadership and executive reporting.

Travel Requirement:Minimal travel should be expected with this role Rel