Basic Scope of Job

Develop & support in implementing cost reduction strategies & action plans in collaboration with cross-functional teams.

Principal Duties And Responsibilities

• Develop & support in implementing cost reduction strategies & action plans in collaboration with cross-functional teams.
• Assess & report financial estimations of cost-saving initiatives.
• Provide recommendations for optimizing resource allocation & improving cost efficiency.
• Collect & analyze cost data, cost drivers, & financial performance indicators.
• Design & oversee the development of IT applications to provide insights on cost trends & areas for improvement.
• Ensure that the baseline & optimization efforts balance between efficiency & compliance.
• Periodically review & refine cost baseline models & cost optimization processes.
• Provide recommendations & drive the automation of cost baselines.
• Support the process to enable Hydrocarbon accounting across the company’s value chain; & support data validation/ reconciliation processes to ensure consistency & accuracy of production data.
• Coach & mentor company resources to build their capabilities in supporting & leading Cost Optimization initiatives.

Education & Qualification

• Degrees in finance, engineering, or business.
• Preferred professional certifications, such as Certified Cost Professional (CCP), Certified Mgmt. Accountant (CMA), Kaizen, Six Sigma.
• Proven track record of successfully advising & supporting CXO-level in O&G organisations in cost management & optimisation.

Experience

• Total 18+ years' industry experience, out of which 13+ years in the O&G industry in a similar role.
• Extensive experience in financial analytics & cost mgmt., cost optimization across O&G value Chain, Oil & Gas Procurement/ Financial Transformation.

Skills

• Expertise in cost optimization and financial analytics in the Oil & Gas sector
• Proficiency in cost modeling, forecasting, and reporting tools (e.g., Excel, Power BI, SAP)
• Knowledge of hydrocarbon accounting and data reconciliation
• Strong stakeholder management, including CXO-level engagement
• Experience in process automation and digital dashboards
• Solid problem-solving, communication, and cross-functional collaboration skills
• Familiarity with procurement and financial transformation initiatives
• Certifications or working knowledge in Lean, Six Sigma, or Kaizen preferred

Other Conditions / Requirements

• Resident of Kuwait with a valid residency.