Cost Engineer

Job Summary

Wood is recruiting for a Cost Engineer to form part of our project team based at our Dubai Office, reporting to the Lead Cost Engineer. A key focus of your role will be to effectively manage change, improve the accuracy and efficiency of system reports and contribute to the team’s efforts for monthly reporting requirements.

• Clearly understand reporting requirements and ensure the system is fully updated with accurate budgets.
• Monitoring and controlling cost activities through all phases of the project lifecycle.
• Supporting the implementation of project cost management procedures that provide an accurate reflection of project performance at a project and program level.
• Developing project budgets by project estimate and WBS.
• Assist with the development of project engineering estimates and maintenance of same in the project management system.
• Liaising with engineering, procurement, and construction functions, as required, to maintain awareness of project activities and their impact on the project budget.
• Input into updates to project cost forecasts.
• Issuing project change orders/variations following engineering and construction change notifications.
• Identify and analyse deviations and trends against budgets, investigate such deviations with the relevant group and advise the Lead Cost Engineer.
• Analyze weekly Timewriting report to eliminate errors / wrong bookings.
• Log all change requests and coordinate with the Project Engineers to develop the scope changes and budget transfers.
• Log all requisitions for in-house subcontractor services, code, and track expenditure against requisitions for forecasting and budget reconciliation.
• Review and process project expenses in line with approved project budgets.
• Verify contractor invoices and solve issues/ queries.
• Prepare and issue reports as per the agreed reporting calendar.

Skills / Qualifications

• 1-3 years’ experience as a Cost Controller.
• Relevant degree in Business or Engineering or sufficient industry experience.
• Strong data analysis and problem-solving skills.
• Exposure to engineering projects will be considered advantageous.
• Strong skills required in Microsoft Office – Particularly in excel.
• Demonstrated experience with Earned Value Management (optional).