Company: Wood
Skills: Budget / Cost Control
Experience: 5 + Years
Education: Bachelors/3-5 yr Degree
Location: Khobar, Saudi Arabia


Overview / Responsibilities

Wood is currently recruiting for a Cost Controller V with extensive experience in the oil and gas petrochemical industry
  • 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


Skills / Qualifications

  • Bachelors Degree in a relevant technical or business discpline
  • Minimum 5 years of relevant experience
  • Excellent knowledge of cost and related principles and techniques including budgeting, forecasting and cash - flow
  • Knowledge of Project Execution procedures for Cost Management including Change Management
  • Excellent understanding of WBS & CBS structures and project reporting capabilities
  • Advanced ability to develp project cost budgets and change estimates
  • Advanced ability to produce Cost Reports
  • Strong understanding of change management and associated cost and schedule processes
  • Strong understanding of Earned Value application, Cost and Schedule variance analysis / Trending and what - if scenarios
  • Advance knowledge of Project Management principles and techniques
  • Strong understanding of Cost Management, Change Control, Planning & Risk Analysis
  • Prior experience in a Sr Cost role


Company Overview

Wood is a global leader in engineering and consultancy across energy and the built environment, helping to unlock solutions to some of the world's most critical challenges. We provide consulting, projects and operations solutions in more than 60 countries, employing around 40,000 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.

Wood is a global leader in consulting and engineering across energy and the built environment, helping to unlock solutions to some of the world’s most critical challenges. We provide consulting, projects and operations solutions in more than 60 countries, employing around 40,000 people. At Wood our common purpose is to ‘unlock solutions to the world’s most critical challenges.’ Through the delivery of our Consulting, Project and Operations solutions across energy and the built environment we deliver exceptional returns for our clients, our people, our investors and the communities where we live and work. Visit us at  www.woodplc.com and follow us on Facebook and LinkedIn.