Senior Cost Engineer

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.

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

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.

#Wood #UAE #Sharjah #Engineering

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

Key Accountabilities & 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

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:

• 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 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
• Demonstrates effective organization & planning skills
• 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