Cost Engineer

Job Description

Remarkable people, trusted by clients to design and advance the world.

The Role

This is an exciting opportunity for an experienced Cost Control Engineer with a proven track for operation for a high-profile client.

Our Clients and Projects

Designing the future. Transforming the world.

Wood's Oil, Gas & New Energies business is built on a strong legacy of delivering large and complex projects for national and international energy companies across the globe. We have experienced teams, a proven delivery model and a strong reputation.

We are the market - leading provider of integrated and innovative solutions that challenge the status-quo in the oil and gas upstream and midstream, onshore and offshore, gas to liquids and decarbonization and electrification markets. We pride ourselves in steady and predictable delivery, setting our sights on an exciting growth trajectory. 

Energy security, transition and supply have never been more important. You, our enabling teams, are at the very forefront of transformative projects that are providing sustainable power to generations to come. We are the ones to bring low-carbon concepts to reality.

What We Can Offer

• Meaningful and interesting projects: Delivered to high profile clients across the Energy Sector
• Commitment to Diversity and Inclusion: We are an organization actively committed to diversity and inclusion across our business 
• Competitive renumeration package: With regular reviews to ensure we are rewarding at the right level in line with the market 
• Medical Insurance: Ensures inpatient, and outpatient medical care is available should you require treatment
• Group Life and Personal Accident Insurance: The company provides Life Assurance cover
• End of Service Gratuity: In line with UAE Labor Law, all employees are eligible for an End of Service benefit
• The Employee Share Plan: Gives you the opportunity to purchase Wood shares and receive a match from the company
• Long Service Award: Wood values the commitment and loyalty of our people. Celebrating Long Service provides an opportunity for the business to demonstrate their appreciation of the hard work, dedication and many years’ services of our employees at 5 - year service milestones
• Commitment to continued professional development: Development plans that are tailored to your individual needs and interests 
• Global connections: Join experts around the world who are at the leading edge of our industry, shaping the standards of our profession 
• Energy Transition Academy: Join a community of experts sharing your knowledge and gaining more exposure to a variety of existing and emerging energy systems - delivered by experts in their field
  
  

The Key Objectives For This Role Are

• Preparing and maintaining comprehensive commissioning documentation, including test results and certificates.
• Collaborating with project teams, contractors, and stakeholders to ensure seamless integration and communication.
  
  

Responsibilities

Executing Assigned Scopes of Work:

• The preparation and reporting of project cost budgets, and the tracking, management and reporting of project expenditure to enable robust control of projects throughout their lifecycle. Supports senior members of the cost team through the preparation and reporting of project cost budgets, ensuring budgets and reports are prepared to the required level of detail and accuracy in accordance with contractual requirements and Wood policies, procedures and standards. This will typically involve the review, analysis and reporting of actual and forecasted project costs against the project approved budget.
  
  

Providing Discipline Expertise

• Assist and support in the development and maintenance of Project Work Breakdown Structure (WBS) and Cost Breakdown Structure (CBS) for specific scopes
• Liaise with other Project Controls disciplines and functions, assist and support in the development of project budgets in accordance with the Basis of Estimate including statements of work scope, assumptions, man-hour estimates, narratives and review & comment of client documents
• Liaise with procurement, finance and time-capture functions, and third parties as required, to ensure accurate and timely capture of procurement, materials, subcontract and manhour costs. Ensure costs are allocated accurately in accordance with approved project WBS
• Liaise with engineering, procurement and construction functions, and others as required, to maintain awareness of project activities and their impact on the project budget, schedule and cost forecast
• Facilitate and manage the project work approval process in terms of accurate cost code allocation and initial budget set-up and approvals
• Assist and support in the development and maintenance of project cost budgets using appropriate software applications
• Monitor and control cost commitments and expenditures through all phases of project lifecycle
• Liaise with planning as required to ensure accuracy in project cost phasing and forecasting.
• Prepare and provide project cost performance reports in accordance with project reporting requirements
• Prepare and issue updates to project cost forecasts
• Monitor and report on cost impact of project manpower forecasts
• Develop and issue project change orders / variations in accordance with engineering and construction change notifications
• Facilitate and communicate cost and sched
  
  

Qualifications

Bachelors Degree in a relevant technical or business discipline (or equivalent gained through relevant vocational training and/or industry experience)

Knowledge, Skills, And Experience

• Incumbents will typically have a minimum 10 years relevant scheduling/planning experience
• Basic knowledge of cost software and related principles, tools and techniques including budgeting, forecasting and cash-flow
  
  

Personal Attributes

• Demonstrates commitment to Wood Values, Visions & Behaviours
• Applies analytical and statistical analysis
• Ability to work independently and as part of a team
• Ability to handle multiple tasks and changing priorities in a fast paced environment
• Good communication skills both written and oral
• Uses initiative and a proactive approach to problem solving
• Commitment to continuous improvement
  
  

Same Posting Description for Internal and External Candidates

About Us

Wood is a global leader in consulting and engineering, helping to unlock solutions to critical challenges in energy and materials markets. We provide consulting, projects and operations solutions in 60 countries, employing around 35,000 people. www.woodplc.com

Diversity Statement

We are an equal opportunity employer that recognises the value of a diverse workforce. All suitably qualified applicants will receive consideration for employment on the basis of objective criteria and without regard to the following (which is a non-exhaustive list): race, colour, age, religion, gender, national origin, disability, sexual orientation, gender identity, protected veteran status, or other characteristics in accordance with the relevant governing laws.