Lead Cost Controller - Aberdeen, United Kingdom - Wood Plc

Wood Plc

Verified Company

Aberdeen, United Kingdom

6 days ago

Posted by:

Tom O´Connor

beBee Recruiter

Description

Overview / Responsibilities:
Wood is currently recruiting for a Lead Cost Controller with extensive experience in the oil and gas petrochemical industry.

Wood is undergoing significant growth within our Europe, Middle East and Africa region.

We support high profile clients in a range of project types, from minor modifications to larger project work which span wide and diverse sectors within our core energy and materials markets.

We provide consulting, projects and operations solutions in 60 countries, employing around 35,000 people across the globe.

In support of this we are looking for a Lead Cost Controller to join our Aberdeen team.

Now is the time to join our growing project controls team on a journey to a new way of working with advanced in-house and industry standard systems, a clear strategy and fantastic career development opportunities across our business both in the UK and our wider Europe, Middle East and Africa region.

You will make a difference to how we deliver project controls in Wood and receive a flexible working schedule with great staff benefits.

Job Objective:

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.

Accountable 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.

Supervises, guides, and manages the Cost team in terms of delegating work, reviewing the work output of the team where appropriate, providing guidance and support, and managing the development of the Cost team members.

Key Responsibilities & Accountabilities:

Accountable for ensuring project cost budgets are developed and maintained in accordance with the Project Work Breakdown Structure (WBS) and the Basis of Estimate
Effectively manage the communications interfaces essential for the delivery of the cost function
Liaise with procurement, finance, and timecapture 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 setup and approvals
Monitor and review 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
Review and evaluate project cost performance reports in accordance with project reporting requirements
Review and evaluate updates to project cost forecasts
Review and analyse on cost impact of project manpower forecasts
Review and issue of project change orders / variations in accordance with engineering and construction change notifications
Review, assess and communicate cost and schedule impact of change notifications
Monitor cost impact of achievement / nonachievement of major project milestones
Monitor 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
Lead the project cost closeout process
Facilitate & participate in contract and corporate Risk Analysis sessions
Lead and participate in Project Controls Compliance and Continuous Improvement Reviews
Play a key role in the mentoring and career development of Cost personnel
Delegate and manage the work of subordinate project controls staff as required
Provide direction, guidance and support to subordinate project controls staff as required
Assist in staff performance reviews for cost team
Participate in contract and corporate Audits
Act as the Cost Focal Point for all project scopes within the assignment

Accountable 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