Lead Cost Controls Engineer - Services

Wood PLC; Abu Dhabi; On-site; AED 300,000 - 400,000; Full time

Job summary

A global engineering firm is seeking an experienced Lead Cost Controls Engineer in Abu Dhabi. The role involves managing project cost budgets and ensuring accurate reporting throughout the project lifecycle. Candidates should have at least 15 years of relevant experience, particularly in the Oil and Gas sector, and previous experience with ADNOC projects. A competitive remuneration package and comprehensive benefits are offered.

Benefits

Competitive remuneration package

Medical Insurance

Group Life and Personal Accident Insurance

End of Service Gratuity

Employee Share Plan

Long Service Award

Commitment to continued professional development

Global connections

Qualifications

• Minimum 15 years relevant scheduling/planning experience.
• Extensive Middle East Oil and Gas experience.
• Previous experience in major ADNOC EPC/EPCM projects.

Responsibilities

• Develop and maintain project cost budgets.
• Manage communications interfaces for cost function delivery.
• Monitor and review cost commitments through project lifecycle.

Skills

Cost management

Project execution

Change management

Budgeting and forecasting

Team leadership

Tools

Cost software

Project reporting tools

Job description

Overview

JOB DESCRIPTION

The Role

This is an exciting opportunity for an experienced Lead Cost Controls Engineer - Services with a proven track record in the industry, ensuring the successful execution of projects and alignment with company goals for a high-profile client.

Job objective and accountability are focused on the preparation and reporting of project cost budgets, tracking and management of project expenditure, to enable robust control of projects throughout their lifecycle. The role includes development of project budgets, tracking of actual and forecasted costs, and generation of cost reports in accordance with contractual requirements and Wood policies, procedures and standards. The position may be standalone on a project or part of a team depending on project requirements.

Role may be standalone on a project or as part of a team as determined by the requirements of the project/organisation.

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 remuneration package: With regular reviews to ensure we are rewarding at the right level in line with the market
• Medical Insurance: Inpatient and outpatient medical care 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: Celebration of long service milestones at 5-year intervals
• Commitment to continued professional development: Development plans tailored to individual needs and interests
• Global connections: Access to experts around the world who are shaping industry standards
• Energy Transition Academy: Community of experts sharing knowledge on existing and emerging energy systems

Responsibilities

• Accountable for ensuring project cost budgets are developed and maintained in accordance with the Project Work Breakdown Structure (WBS) and the Basis of Estimate
• Effectively manage the communications interfaces essential for the delivery of the cost function
• Liaise with procurement, finance, time-capture functions, and third parties to ensure accurate and timely capture of procurement, materials, subcontract and labour costs; ensure costs are allocated accurately per approved WBS
• Liaise with engineering, procurement and construction functions to maintain awareness of project activities and their impact on the budget, schedule and cost forecast
• Manage the project/assignment work approval process including accurate cost code allocation and initial budget setup and approvals
• Accountable for ensuring project cost budgets are developed and maintained using appropriate software applications
• Monitor and review cost commitments and expenditures through all phases of the project lifecycle
• Liaise with project management, project planning, and others to ensure accuracy in cost phasing and forecasting
• Review and evaluate project cost performance reports and updates to project cost forecast
• Review and analyze cost impact of project manpower forecasts
• Review and issue project change orders / variations in accordance with engineering and construction change notifications
• Review and communicate cost and schedule impact of change notifications
• Monitor cost impact of major milestones and contingency drawdown
• Attend project/client meetings and present project cost performance status as required
• Facilitate/ chair internal project cost performance meetings as required
• Lead the project cost close-out process
• Participate in contract and corporate Risk Analysis sessions and in Project Controls Compliance and Continuous Improvement reviews
• Mentor and develop Cost personnel; delegate and manage the work of subordinate project controls staff as required
• Provide direction and support to subordinate staff and assist in staff performance reviews
• Participate in contract and corporate Audits; act as Cost Focal Point for all project scopes within the assignment
• Accountable for ensuring that budgets correspond to submitted estimates and approved scope changes, updates are timely, and project reports are accurate
• Highlight issues in a timely manner and ensure reporting aligns with contract requirements
• Ensure change orders are tracked with correct submittal and approval dates in the tracking system

Qualifications

• Incumbents will typically have a minimum 15 years relevant scheduling / planning experience
• Extensive Middle East Oil and Gas experience
• Previous experience in major ADNOC EPC / EPCM projects
• Excellent knowledge of cost software and related principles, tools and techniques including budgeting, forecasting and cash-flow
• Excellent knowledge of Project Execution Procedures for Cost Management including Change Management
• Excellent understanding of WBS & CBS structures and project reporting capabilities
• Advanced ability to develop project cost budgets and change estimates
• Advanced ability to prepare cost reports
• Excellent understanding of change management and associated cost and schedule processes
• Excellent understanding of earned value application, cost and schedule variance analyses / trending and what-if scenarios
• Excellent understanding of project management principles and techniques
• Excellent understanding of Cost Management, Change Control, Planning & Risk Analysis & Management
• Prior experience in a Senior or Principal Cost role and managing a team

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 race, colour, age, religion, gender, national origin, disability, sexual orientation, gender identity, protected veteran status, or other characteristics in accordance with applicable laws.