Senior Cost Engineer

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

The Role

This is an exciting opportunity for an experienced Senior Cost Engineer with a proven track record in managing and controlling project costs, ensuring financial efficiency and adherence to budgetary constraints throughout the project life cycle for a high-profile client.

Our Clients and Projects

Wood's Oil, Gas & New Energies business is built on a strong legacy of delivering large and complex projects for national and international energy companies across the globe. We have experienced teams, a proven delivery model and a strong reputation.

We are the market-leading provider of integrated and innovative solutions that challenge the status-quo in the oil and gas upstream and midstream, onshore and offshore, gas to liquids and decarbonization and electrification markets. We pride ourselves in steady and predictable delivery, setting our sights on an exciting growth trajectory.

Energy security, transition and supply have never been more important. You, our enabling teams, are at the very forefront of transformative projects that are providing sustainable power to generations to come. We are the ones to bring low-carbon concepts to reality.

What we can offer

• Meaningful and interesting projects: Delivered to high profile clients across the Energy Sector
• Commitment to Diversity and Inclusion: We are an organization actively committed to diversity and inclusion across our business
• Competitive remuneration package: With regular reviews to ensure we are rewarding at the right level in line with the market
• 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
• End of Service Gratuity: In line with UAE Labor Law, all employees are eligible for an End of Service benefit
• 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' service of our employees at 5 year service milestones
• 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
• Energy Transition Academy: Join a community of experts sharing your knowledge and gaining more exposure to a variety of existing and emerging energy systems - delivered by experts in their field

The key objectives for this role are:

• Developing accurate cost estimates for projects by analyzing data and specifications
• Ensuring projects stay within budget by monitoring and controlling costs throughout the project lifecycle
• Implementing cost control strategies and procedures to manage project expenses effectively
• Preparing regular financial reports and expenditure statements to keep stakeholders informed of the project's financial status
• Conducting cost-benefit analyses to identify cost-saving opportunities and improve financial efficiency
• Analyzing supplier quotes and negotiating to achieve cost reductions and meet target costs
• Working closely with project managers, engineers, and other stakeholders to ensure accurate cost information and resolve any financial issues

Key Accountabilities and Responsibilities:

• Develop the contractual requirements relating to cost control & estimation, invoicing of payment & variations to be stipulated in the Agreements (FEED, PMC, EPC etc.) and incorporate them into the tender documents / agreement
• Evaluate the technical bids (PMC, FEED and EPC) to ascertain compliance to the specified requirements and provide clarifications to the bidders for the same
• Prepare relevant portion of the Technical Evaluation Report and to finalize the relevant portion of the contract documents after incorporating all bulletins issued and clarifications received during the tender stage
• Evaluate Variation requests / claims by contractors and to make in-depth analysis of all cost related submittal from consultants and prepare counters estimates taking into consideration contractual schedule of unit rates for variation and make appropriate recommendations to management for approval.
• Prepare AFE / AFOU for all ongoing projects for management approval
• Coordinate with the Project Control Managers of all Project Management Consultant (PMC), to ensure adherence to the Project Control Procedures and other requirements throughout the project duration to achieve successful project implementation
• Ensures charges of the costs to correct account codes

Skills And Qualifications

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:

• Bachelor of Engineering in related discipline
• Minimum 14+ years of experience in Oil and Gas industry with 5 years of experience in similar role
• ADNOC projects experience is mandatory

ABOUT US

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. 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.