Senior Cost Engineer

Wood; Barnard Castle; On-site; GBP 60,000 - 85,000; Full time

Benefits offered by this job

Competitive salary

Pension scheme

Private medical cover

Life insurance

Professional development

Global opportunities

Job summary

Wood Integrated Engineering Solutions is seeking a Senior Cost Controller to manage budgets, track costs and provide robust cost reporting for client projects in the UK. The role requires coordinating with planning, procurement and engineering teams, ensuring compliance with contractual requirements and Wood policies.

The position is based at client offices with five days in the office. The successful candidate will have extensive experience in cost management, budgeting, forecasting and change

Qualifications

• Expert knowledge of cost reporting, budgeting and cash-flow management.
• Strong understanding of WBS and CBS structures for project reporting.
• Experience with earned value analysis and change control.
• Senior-level cost management experience in engineering projects.

Responsibilities

• Review and maintain WBS and CBS for projects.
• Develop project budgets and track actual/forecast costs.
• Prepare cost reports with required detail and accuracy.
• Coordinate changes and assess cost implications.
• Support project cost close-out and continuous improvement.

Skills

Cost reporting

Budgeting

Forecasting

WBS/CBS

Earned value

Change management

Project controls

Senior cost experience

Job description

Job Description

Wood Integrated Engineering Solutions is looking for a Senior Cost Controller on a full time, permanent basis. This role is based at our client offices and will require attendance in the office 5 days per week.

Wood Integrated Engineering Solutions is looking for a Senior Cost Controller on a full time, permanent basis. This role is based at our client offices and will require attendance in the office 5 days per week.

The role

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.

Working within client office, 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 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.

Why join Integrated Engineering Solutions?

The Integrated Engineering Solutions business, which sits within the Operations area of Wood, can offer a wide range of opportunities which will allow you to develop your skills across a portfolio of onshore projects in different sectors. Our current portfolio includes green hydrogen and fuel switching, as well as supporting local clients with energy transition. Additionally, we work on UK refineries, petrochemical facilities, fine chemicals and pharmaceutical facilities. We have a number of clients who we are working with to design their pilot plants to test exciting new technologies, with a view to partnering with them as they move to design and build full scale commercial facilities.

We have some of the best engineers in the UK, and we have high expectations on the performance of the project teams. Come and join us and be part of the team at this exciting time.

What We Can Offer

• Meaningful and interesting projects delivered to leaders of industry across renewables and emerging energy sectors


• Commitment to Diversity and Inclusion; we are an organisation actively committed to diversity and inclusion across our business


• Competitive salary with regular salary reviews to ensure we are rewarding at the right level in line with the market


• Flexible benefits package; inclusive of 33 days annual leave (including public holidays), generous contributory pension scheme, private medical cover, 4x base salary life insurance; all of these and more that can be adapted to suit your own


• 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

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


• Monitor and review overall project cost performance and contingency drawdown.

Qualifications

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.

Qualifications/Skills/Experience

• Excellent knowledge of all aspects of cost reporting, software and related principles, tools and techniques including budgeting, forecasting and cash-flow


• Sound understanding of Project Execution Procedures for Cost Management including Change Management


• Solid and demonstrable understanding of WBS & CBS structures and project reporting capabilities


• Advanced ability to develop project cost budgets and change estimates


• Strong awareness of change management and associated cost and schedule processes


• Thorough and demonstrable understanding of earned value application, cost and schedule variance analyses/trending and what-if scenarios


• Knowledge of project management principles and techniques


• Strong understanding of Cost Management, Change Control, Planning & Risk Analysis & Management


• Prior experience in a Senior Cost role

About Us

Wood is a global leader in consulting, engineering and operations for the energy and materials sectors. With 33,000 people in around 50 countries, Wood supports clients across the full asset lifecycle, delivering safe, predictable outcomes while enabling resilient operations and a lower carbon future. Wood forms the Energy & Materials pillar of Sidara - a global partnership uniting leading multidisciplinary engineering, design, and project management companies. www.woodgroup.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.