Cost Engineer

Hull, Yorkshire
Wood
Overview / Responsibilities

Wood is recruiting for a Cost Engineer to support CSL in their onshore and offshore gas storage operations on a permanent staff basis.

Last year, Wood further strengthened its position as the leading partner for operations solutions in the UK North Sea following a series of contract awards with blue chip oil and gas operating companies. Wood is now seeking to leverage its rich heritage and expertise in North Sea energy infrastructure by partnering with clients to:

• Build long-standing relationships
• To optimise operations
• To increase production efficiency
• To drive decarbonisation ensuring reliable, safe, and sustainable energy supply across a suite of onshore and offshore assets

What we can offer

• Meaningful and interesting projects delivered to leaders of industry across renewables and emerging energy sectors
• Flexible working arrangements that balance client, team and individual needs offering hybrid and remote working where relevant
• 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

The Role

You will prepare and report project cost budgets, tracking, managing and reporting of project expenditure to enable robust control of projects throughout their lifecycle. Supporting senior members of the cost team through the preparation and reporting of project cost budgets, ensuring budgets and reports are prepared to the required level of detail and accuracy in accordance with contractual requirements and Wood policies, procedures and standards. This will typically involve the review, analysis and reporting of actual and forecasted project costs against the project approved budget.

Responsibilities

• Assist and support in the development and maintenance of Project Work Breakdown Structure (WBS) and Cost Breakdown Structure (CBS) for specific scopes
• 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 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.
• Facilitate and manage the project work approval process in terms of accurate cost code allocation and initial budget set-up and approvals
• Assist and support in the development and maintenance of project cost budgets using appropriate software applications
• Monitor and control cost commitments and expenditures through all phases of project lifecycle
• Liaise with planning as required to ensure accuracy in project cost phasing and forecasting.
• Prepare and provide project cost performance reports in accordance with project reporting requirements
• Prepare and issue updates to project cost forecasts
• Monitor and report on cost impact of project manpower forecasts
• Develop and issue project change orders / variations in accordance with engineering and construction change notifications
• Facilitate and communicate cost and schedule impact of change notifications.
• Monitor overall project cost performance and contingency drawdown.
• Attend project meetings as required.
• Participate in the project cost close-out process.
• Attend cost & estimate risk analysis sessions as required
• Participate in Project Controls Compliance and Continuous Improvement Reviews

Skills / Qualifications

• Degree or HNC / HND preferred, ideally in an engineering discipline or where strong cost and commercial skills are included.
• A proven cost engineering experience within Petrochemical or similar industries
• Proactive approach
• Strong interpersonal and communication skills
• A pro-active approach to solving problems and getting the job done
• Excellent communication skills
• Self-motivated, energetic and tenacious
• Excellent written and verbal communication skills

Company Overview

Wood is a global leader in consulting and engineering, helping to unlock solutions to critical challenges in energy and materials markets. We provide consulting, projects and operations solutions in 60 countries, employing around 35,000 people.

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.