Senior Cost Engineer

-; Sharjah; On-site; AED 300,000 - 400,000; Full time

Job summary

A global consulting and engineering firm is seeking a Senior Cost Engineer to join their team in Sharjah, UAE. The role involves preparing project cost budgets, managing expenditures, and coordinating with various disciplines. Ideal candidates should have a Bachelor's degree and at least 10 years of experience in Brownfield oil and gas projects, demonstrating strong analytical and communication skills.

Benefits

Competitive salary

Medical Insurance

Group Life Insurance

Employee Share Plan

Qualifications

• Minimum of 10+ years relevant experience in major Brownfield oil & gas projects.
• Excellent knowledge of Project Execution Procedures for Cost Management.
• Strong understanding of earned value application and cost variance analyses.

Responsibilities

• Prepare and report project cost budgets and manage project expenditure.
• Liaise with other disciplines to develop budgets and document processes.
• Attend client meetings and present project cost performance.

Skills

Cost management

Project budgeting

Analytical thinking

Change management

Communication skills

Education

Bachelor's degree or equivalent

Tools

Cost software

Job description

Overview

Wood is recruiting for a Senior Cost Engineer to join our team in Sharjah, UAE. This is a full-time office-based role with business trips.

Responsibilities

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

The role: This is an exciting opportunity for an experienced Senior Cost Engineer to join our Iraq Operations Business. This role is full time residential based in Sharjah, UAE.

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 – 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 and many years of service at 5-year 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
• Development of project budgets, tracking of actual and forecast costs, and generation of cost reports in accordance with contractual requirements and Wood policies
• 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
• Identify areas of best practise and drive continuous improvement
• Role may be standalone on a project or as part of a team as determined by project requirements

Key Accountabilities & Responsibilities

• Review and maintain Project Work Breakdown Structure (WBS) and Cost Breakdown Structure (CBS)
• Liaise with other Project Controls disciplines to develop budgets and review client documents
• Liaise with Planning to ensure accurate control and forecasting of budgets and assess change impact on schedules
• Liaise with procurement, finance and time-capture functions to capture costs and ensure accurate allocation
• Maintain awareness of project activities and their impact on budget, schedule and cost forecast
• Manage the project approval process for cost codes and budget setup
• Review and maintain project cost budgets using appropriate software
• Monitor and control cost commitments and expenditures through all phases
• Coordinate with project management and planning to ensure cost phasing accuracy
• Provide copies of project cost performance reports as required
• Update project cost forecasts and monitor manpower forecast impacts
• Coordinate change orders/variations and assess cost and schedule impacts
• Monitor milestones, contingency drawdown and overall cost performance
• Attend client meetings and present project cost performance status as required
• Lead internal cost performance meetings and project cost close-out processes
• Participate in risk analysis sessions and Continuous Improvement reviews
• Mentor Cost personnel and manage subordinates as required

Qualifications

What makes you remarkable?

At Wood, we are committed to equal opportunities and welcome all talented individuals. So even if you don\'t match every statement, apply if you have some of the experience, knowledge or skills needed for this role.

Expected

• B.S. or equivalent degree
• Minimum of 10+ years relevant experience in major Brownfield oil & gas projects, including at least 3 years in similar position

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
• 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
• Analytical thinking and statistical evaluation
• Ability to work independently and as part of a team
• Effective organization and planning skills
• Ability to handle multiple tasks and changing priorities in a fast-paced environment
• Strong written and spoken communication skills
• Proactive problem solving and initiative
• Ability to guide, mentor and 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 race, colour, age, religion, gender, national origin, disability, sexual orientation, gender identity, protected veteran status, or other characteristics in accordance with governing laws.