Cost Controller

OverviewWood, Stockton-on-Tees, England, United KingdomJoin to apply for the Cost Controller (EOI) role at Wood. Please note this is not currently a live role.The RoleAs a Cost Controller, you will prepare and report on project cost budgets, and track, manage and report project expenditure to enable robust control of projects throughout their life cycle. You will support 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. This will typically involve the review, analysis and reporting of actual and forecasted project costs against the project approved budget.ResponsibilitiesDevelop, issue and maintain Project Work Breakdown Structure (WBS) and Cost Breakdown Structure (CBS) for specific scopesLiaise 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 documentsLiaise 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 costsEnsure costs are allocated accurately in accordance with approved project WBSLiaise 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 forecastFacilitate and manage the project work approval process in terms of accurate cost code allocation and initial budget set-up and approvalsDevelop and maintain project cost budgets using appropriate software applicationsMonitor and control cost commitments and expenditures through all phases of project lifecycleLiaise with planning as required to ensure accuracy in project cost phasing and forecastingPrepare and provide project cost performance reports in accordance with project reporting requirementsPrepare and issue updates to project cost forecastsMonitor and report on cost impact of project manpower forecastsDevelop and issue project change orders / variations in accordance with engineering and construction change notificationsFacilitate and communicate cost and schedule impact of change notificationsMonitor overall project cost performance and contingency drawdownAttend project meetings as requiredCoordinate the project cost close-out processQualificationsWhat makes you remarkable? Typical requirements include a commitment to equal opportunities and a proactive approach to applying your skills. If you feel you have some of the experience, knowledge or skills needed for this role, we encourage you to apply.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)Incumbents will typically have relevant cost experienceProficient knowledge of cost software and related principles, tools and techniques including budgeting, forecasting and cash-flowProficient knowledge of Project Execution Procedures for Cost Management including Change ManagementProficient understanding of WBS & CBS structures and project reporting capabilitiesProficient ability to develop project cost budgets and change estimatesProficient ability to prepare cost reportsUnderstanding of change management and associated cost and schedule processesUnderstanding of earned value application, cost and schedule variance analyses/trending and what-if scenariosUnderstanding of project management principles and techniquesUnderstanding of Cost Management, Change Control, Planning & Risk Analysis & ManagementAbout UsWood 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.comDiversity StatementWe 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.DetailsSeniority level: Entry levelEmployment type: Full-timeJob function: Accounting/Auditing and FinanceIndustries: Professional Services #J-18808-Ljbffr