Job description

Wood is currently seeking a Senior Cost Engineer to support our Projects business. This role will play a key part in the development of a new gold mining and processing facility during the construction and pre-commissioning phases. The position may initially be office-based in Al Khobar, Riyadh, or Jubail, prior to mobilising to a site-based assignment in Saudi Arabia on an 8/2 rotation.

What we can offer 

• Medical Insurance - Ensures specialist care is available to you and eligible family members residing in country. Pre-existing medical conditions are covered. No limit on number of children covered under the policy however age and coverage limits apply in line with KSA CCHI rules. Option to select higher medical cover payable at employees own expense.
• Employee Assistance Programme - Allows you to feel comfortable knowing that you or your immediate family members can confidentially discuss any work or personal issues that are an inevitable part of life. The program helps support your mental, physical, social & financial well-being.
• GOSI (Social Insurance) - Payable to KSA employees, social insurance contributions are paid by the company in line with Government legislation to cover occupational hazards.
• End of Service Gratuity - In line with KSA Labour Law, all employees are eligible for an End of Service benefit.
• Examination Leave - Upon company approval to enroll in an education institute or to continue within such institution, employees have the right to fully paid leave to sit for an examination of an unrepeated year. Leave duration is based on the days of actual examination and must be applied for no less than fifteen days prior exam
• Professional Memberships - One professional membership, registration, subscription, certification and/or license cost per annum for all active Wood employees. The membership must be relevant to the role you are currently employed in or be part of a development plan. Reimbursement should be claimed via the expenses procedure system, with supporting evidence.
• Inspire Awards - Our annual awards programme is all about recognising and celebrating our inspirational colleagues – those designing the future, upholding our values and playing a pivotal role in delivering our strategy. Employees can recognise those who inspire them and make their day by nominating them for their hard work, innovation and tenacity.
• 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’ service of our employees at 5 year service milestones.
• Career Development Champions - Prioritizes structured growth through goal setting and resource utilization. Employees use tools for planning and feedback, with managers actively coaching and mentoring to support advancement. Continuous learning and development are emphasized to help employees achieve their career goals effectively.

Key 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. If you don’t meet every requirement listed, but believe you have relevant experience, knowledge, or transferable skills, we encourage you to apply.

Some roles may include mandatory qualifications or legislative requirements that cannot be adjusted. Where this applies, these criteria will be clearly highlighted. For all other aspects of the role, we are open to considering a wide range of backgrounds and experiences. It will take all of us working together to deliver solutions to the world’s most critical challenges.

Qualifications:

• Typically requires ISCED level 6 (Bachelors) Degree in a relevant technical or business discipline 
  (or equivalent gained through relevant vocational training and/or industry experience)
  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.

Preferred candidate

Years of experience

No experience required

Degree

Bachelor's degree / higher diploma