At a Glance
- Tasks: Manage project costs and budgets while collaborating with a dynamic team.
- Company: Join Wood, a leader in innovative energy solutions.
- Benefits: Enjoy competitive salary, flexible benefits, and 33 days annual leave.
- Other info: Opportunities for professional development and global connections.
- Why this job: Be part of exciting projects shaping the future of energy.
- Qualifications: Degree in a relevant field and experience in cost management.
The predicted salary is between 45000 - 55000 € per year.
Wood is currently looking for an experienced Cost Engineer to join us in our Stockton office on a full time, permanent basis.
The P&E part of the business can offer a wide range of opportunities which will allow you to develop your skills across a portfolio of onshore projects in different sectors. Our current portfolio includes green hydrogen and fuel switching, as well as supporting local clients with energy transition. Additionally, we work on UK refineries, petrochemical facilities, fine chemicals and pharmaceutical facilities.
The role involves preparing and reporting on project cost budgets, tracking, management and reporting of 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, procedures and standards.
Responsibilities:
- Develop, issue and maintain 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.
- Liaise with procurement, finance and time-capture functions, and third parties as required, to ensure accurate and timely capture of costs.
- Ensure costs are allocated accurately in accordance with approved project WBS.
- Liaise with engineering, procurement and construction functions to maintain awareness of project activities and their impact on the project budget.
- Facilitate and manage the project work approval process.
- Develop and maintain project cost budgets using appropriate software applications.
- Monitor and control cost commitments and expenditures through all phases of project lifecycle.
- Prepare and provide project cost performance reports.
- Monitor and report on cost impact of project manpower forecasts.
- Develop and issue project change orders / variations.
- Monitor overall project cost performance and contingency drawdown.
- Attend project meetings as required.
- Coordinate the project cost close-out process.
Qualifications:
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 experience.
Proficient knowledge of cost software and related principles, tools and techniques including budgeting, forecasting and cash-flow. Understanding of project management principles and techniques.
Cost Engineer employer: Wood Group
At Wood, we pride ourselves on being an exceptional employer, offering a dynamic work environment in our Stockton office where innovation meets opportunity. As a Cost Engineer, you'll engage in meaningful projects within the energy sector, supported by a commitment to professional development and a flexible benefits package that includes generous leave and private medical cover. Join a diverse team of industry leaders dedicated to shaping the future of energy, while enjoying global connections and tailored growth opportunities.
StudySmarter Expert Advice🤫
We think this is how you could land Cost Engineer
✨Tip Number 1
Network like a pro! Reach out to people in the industry, attend events, and connect with professionals on LinkedIn. You never know who might have the inside scoop on job openings or can put in a good word for you.
✨Tip Number 2
Prepare for interviews by researching the company and its projects. Understand their values and recent developments in the energy sector. This will help you tailor your answers and show that you're genuinely interested in joining their team.
✨Tip Number 3
Practice common interview questions related to cost engineering. Think about how your skills align with the role and be ready to discuss specific examples from your past experiences that demonstrate your expertise.
✨Tip Number 4
Don't forget to apply through our website! It’s the best way to ensure your application gets noticed. Plus, it shows you're serious about wanting to join Wood and be part of the exciting projects we have lined up.
We think you need these skills to ace Cost Engineer
Some tips for your application 🫡
Tailor Your CV:Make sure your CV is tailored to the Cost Engineer role. Highlight relevant experience and skills that match the job description. We want to see how your background aligns with our exciting projects!
Craft a Compelling Cover Letter:Your cover letter is your chance to shine! Use it to explain why you're passionate about the role and how you can contribute to our team. Keep it engaging and personal – we love to see your personality!
Showcase Your Skills:Don’t just list your skills; demonstrate them! Use specific examples from your past experiences that showcase your proficiency in cost management, budgeting, and project controls. We’re looking for real-world applications!
Apply Through Our Website:We encourage you to apply directly through our website. It’s the best way to ensure your application gets to us quickly and efficiently. Plus, you’ll find all the details you need about the role there!
How to prepare for a job interview at Wood Group
✨Know Your Numbers
As a Cost Engineer, you'll be dealing with budgets and forecasts, so brush up on your financial knowledge. Be prepared to discuss specific examples of how you've managed project costs in the past, including any software tools you’ve used.
✨Understand the Project Lifecycle
Familiarise yourself with the different phases of a project lifecycle. Be ready to explain how you would monitor and control costs at each stage, and how your role fits into the bigger picture of project management.
✨Showcase Your Collaboration Skills
You'll need to liaise with various teams, so highlight your experience working cross-functionally. Prepare examples of how you've effectively communicated with engineering, procurement, and finance teams to ensure accurate cost tracking.
✨Prepare for Scenario Questions
Expect questions that ask how you would handle specific cost-related challenges. Think about potential scenarios involving budget overruns or changes in project scope, and be ready to discuss your approach to managing these situations.
