Lead Cost Engineer - EOI

Wood Group; Dubai; On-site; AED 330,000 - 441,000; Full time

Job summary

A global engineering leader is recruiting a Lead Cost Engineer in Dubai. The successful candidate will manage and report on project cost budgets for a major onshore brownfield project, ensuring robust cost control throughout the project lifecycle. Ideal applicants should have significant cost management experience and proficiency in budgeting and forecasting. This full-time office-based role also involves collaboration with various project disciplines and offers competitive salary and extensive benefits including health insurance and professional development opportunities.

Benefits

Competitive salary

Medical Insurance

Employee Share Plan

Long Service Award

Qualifications

• Minimum 5 years relevant cost experience required.
• Strong understanding of earned value application and cost variance analysis.
• Prior experience in a Senior Cost role is preferred.

Responsibilities

• Prepare and report project cost budgets and track expenditures.
• Manage project budgets and ensure compliance with policies.
• Develop cost reports and forecasts for stakeholder communication.

Skills

Cost software knowledge

Budgeting and forecasting

Change management

Analytical skills

Project management principles

Education

Bachelor's Degree in a relevant technical or business discipline

Tools

Cost management software

Job description

Wood is recruiting for a Lead Cost Engineer to join its UAE Business Unit focusing on preparation and reporting of project cost budgets for a Major Onshore Brownfield Project in Dubai, UAE.

This role is a full-time office-based role in Dubai, UAE with travel requirement.

Responsibilities

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

#Wood #UAE #Dubai #Engineering

The role

This is an exciting opportunity for an experienced Lead Cost Engineer to join our UAE Business Unit.

Our Clients and Projects

Designing the future. Transforming the world.

Wood is an integral part of operations in Iraq, and we are continuing to grow our footprint across the country. With a 90-year heritage, 10 major contracts and over 850 employees, we have the skills, expertise and asset knowledge to support clients to deliver energy security and decarbonisation ambitions.

Wood excels in supporting our clients to deliver complex upstream and midstream oil and gas projects in Iraq delivering maintenance, modifications and engineering solutions. We are committed to decarbonising existing assets, producing cleaner energy and developing a sustainable national workforce, ensuring the long-term growth of the region.

What we can offer

• Meaningful and interesting projects Delivered to high profile clients and complex projects in Iraq
• Commitment to Diversity and Inclusion; we are an organisation actively committed to diversity and inclusion across our business with employee networks committed to giving all employees a voice
• Competitive salary with regular salary reviews to ensure we are rewarding at the right level in line with the market
• 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
• 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
• 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

Key Objectives

• 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.
• Responsible for the development of project budgets, the tracking of actual and forecasted costs and the generation of cost reports, ensuring they are prepared to the required level of detail and accuracy and accordance with contractual requirements and Wood policies, procedures and standards.
• Supports in the management and development of the Cost team, the management of project budgets, actual and forecast costs, and the preparation and filing of project cost documentation.
• May act as the focal point for several project scopes.
• Responsible for identifying areas of best practise and driving continuous improvement within the Cost team.
• Role may be standalone on a project or as part of a team as determined by the requirements of the project organisation.

Key Accountabilities and Responsibilities:

• Review and maintain Project Work Breakdown Structure (WBS) and Cost Breakdown Structure (CBS)
• 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 Planning discipline to ensure accurate and timely control and forecasting of budgets and ensure that the impact of all change requests is properly assessed and included in the schedules
• Liaise with procurement, finance, and time-capture functions, and third parties as required, to ensure accurate and timely capture of procurement, materials, subcontract and labour 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.
• Manage the project / assignment work approval process in terms of accurate cost code allocation and initial budget set-up and approvals
• Review and maintain project cost budgets using appropriate software applications
• Monitor and control cost commitments and expenditures through all phases of project lifecycle
• Liaise with project management, project planning, and others as required to ensure accuracy in project cost phasing and forecasting.
• Provide copies of project cost performance reports in accordance with project reporting requirements
• Review and issue updates to project cost forecasts
• Monitor and report on cost impact of project manpower forecasts
• Coordinate development, review, and issue of project change orders / variations in accordance with engineering and construction change notifications
• Assess, review, and communicate cost and schedule impact of change notifications.
• Monitor and review cost impact of achievement / non-achievement of major project milestones.
• Monitor and review overall project cost performance and contingency drawdown.
• Attend project / client periodic meetings and present project cost performance status as required.
• Facilitate / chair internal project cost performance meetings as required.
• Facilitate the project cost close-out process.
• Participate in cost & estimate risk analysis sessions as required
• Participate and lead Project Controls Compliance and Continuous Improvement Reviews
• Play an active role in the mentoring and career development of Cost personnel
• Delegate and manage the work of subordinate project controls staff as required
• Monitor and review overall project cost performance and contingency drawdown.

Responsible for ensuring that:

• Budgets correspond in structure and monetary value to submitted estimates, the WBS & CBS.
• Original and current budgets correspond to approved estimates plus approved scope changes through the project life cycle.
• Updates issued in a timely manner and cost reports are accurate within the bounds of the cost system.
• Projects are reported accurately and with sufficient detail.
• Project issues are highlighted in a timely manner.
• Project reports are issued in accordance with the contract reporting calendar.
• Scope and design development change orders are correctly identified.
• Change orders are tracked and correct submittal and approval dates are entered in tracking system.
• Change order status is adjusted within cost reporting system as change orders are submitted and approved.

Working Relationships:

Internal:

• Establish and maintain effective working relationships and communicate across the business.
• Actively promote Wood procedures and initiatives in line with Company Values.
• Engage with and promote functional & cross contract development including:
• Networking/knowledge sharing
• Maintain communication with respective focal points.
• Manage interfaces across functional and business boundaries.

External:

• Communicate and co-operate with external clients, stakeholders including: Industry bodies, academia, market intelligence, relevant conferences, vendors, business acquisition and business development

Level of Influence and Decision-Making Authority:

• Actions and decisions typically have a significant influence on the operational or financial results of one or more projects or departments
• Decisions made without precedents may have a serious impact on schedule, cost variances etc.
• Work is subject to periodic review to ensure conformity to administrative objectives and project requirements
• Reports are checked for conformity to instructions
• Solves problems requiring application of complex project controls technique or development of new approaches;
• Exercises mature professional judgement in identifying the implications of changes
• May guide and supervise a work group consisting of technical or support staff with some coaching from own supervisor, or may provide advice and guidance in area of specialization

Qualifications

What makes you remarkable?

At Wood, we are committed to equal opportunities and welcome all talented individuals to consider joining our team. So even if you don't match every statement below but feel you have some of the experience, knowledge or skills needed for this role, we encourage you to apply. It will take all of us working together to deliver solutions to the world’s most critical challenges.

Expected:

Typically requires ISCED level 6 (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 5 years relevant cost experience
• 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
• Strong understanding of change management and associated cost and schedule processes
• Strong understanding of earned value application, cost and schedule variance analyses/trending and what-if scenarios
• Excellent understanding of project management principles and techniques
• Strong understanding of Cost Management, Change Control, Planning & Risk Analysis & Management
• Prior experience in a Senior Cost role.

Personal Attributes

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

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.