- Market Sector: Oil & Gas
- Recruiting Type: Professional & Technical
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.
Responsible 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 in accordance with contractual requirements and Wood policies, procedures and standards.
Responsible for identifying areas of best practice and driving continuous improvement within the business by driving better processes and controls.
Responsibilities
- To monitor and control cost commitments and expenditures throughout.
- Liase with procurement, finance, and time-capture functions, and third parties as required to ensure accurate capture of procument, materials, subcontract and labour manhour costs. Ensure costs are allocated accurately in accordance with approved project WBS, and accrue for any missing but incurred costs.
- Manage the project/assignment work approval process in terms of accurate cost allocation first time and initial budget set-up and approvals.
- Liase with project management, project planning and others as required to ensure accuracy in project cost and revenue phasings and forecasting, and recognition of revenue in like with IFRS16
- Participate in cost & estimate risk analysis for financial impact if required
- Assisting with external, internal and client auditors
- Responsible for compliance with the Financial management Framework within the individual’s sphere of control
- Execution of various and ad hoc financial analysis and tasks when required
Qualifications
Preference will be given to qualified Brunei Nationals.
Qualifications: Bachelors Degree in relevant disciplines
Knowledge, skills and experience:
• Minimum 5 years work experience cost experience, prior experience in senior cost role preferred
• Excellent knowledge of cost software and related principles, tools and techniques including budgeting, forecasting and cash-flow
• Good commercial knowlege
• Advanced ability to develop project cost budgets and change estimates
• Strong understanding of earned value application, cost and schedule variance analyses/trending and what-if scenarios
• Strong understanding of Cost Management, Change Control, Planning & its financial implications
• Good systems experience (in Excel, Oracle, Imperium)
Personal Attributes:
• Demonstrates commitment to Wood Values, Visions & Behaviours
• Ability to work independently and as part of a team
• Strong communication skills both written and oral
• Uses initiative, experience and a proactive approach to problem solving
• Commitment to continuous improvement
• Ability to form and maintain strong working relationships
About Us
Wood is a global leader in consulting, engineering and operations for the energy and materials sectors. With 33,000 people in around 50 countries, Wood supports clients across the full asset lifecycle, delivering safe, predictable outcomes while enabling resilient operations and a lower carbon future. Wood forms the Energy & Materials pillar of Sidara - a global partnership uniting leading multidisciplinary engineering, design, and project management companies.
www.woodgroup.comDiversity 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.
