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- Tasks: Lead financial planning and cost control for large-scale projects.
- Company: Join a dynamic team in the oil and gas sector.
- Benefits: Competitive salary, career growth, and collaborative work environment.
- Other info: Opportunity to work on exciting large projects with industry leaders.
- Why this job: Make a real impact on project success through expert cost management.
- Qualifications: Experience in cost engineering and SAP knowledge required.
The predicted salary is between 60000 - 80000 £ per year.
The Cost Engineer will play a pivotal role within the Venture Management Team, overseeing financial planning and cost control for the project. This position requires strong technical expertise in cost estimation, SAP, financial analysis, and reporting. The incumbent will be responsible for managing project budgets, forecasting expenditures, assessing financial risks, and ensuring overall cost efficiency. The role also involves close collaboration with project management teams, licensors, and contractors, particularly in areas such as contracts, change orders, and negotiations.
Responsibilities
- Cost Estimation & Budgeting: Develop comprehensive cost estimates, budgets, and financial forecasts for large-scale capital projects.
- Cost Control & Monitoring: Monitor project expenditures, track variances against approved budgets, and implement corrective measures.
- Financial Analysis: Conduct risk assessments, evaluate contractor cost reports, and provide insights to support decision-making.
- Reporting: Prepare detailed monthly and ad-hoc cost reports for senior management, ensuring accuracy and transparency.
- Contract Support: Deliver cost engineering expertise during contract bidding, negotiations, and the review of change orders and claims.
- Process Improvement: Recommend enhancements to cost engineering methodologies, standards, and best practices to drive efficiency and consistency.
Qualifications
- Experienced Cost Engineer
- SAP knowledge
- Ideally Licensor/Client experience
- Experience of working on large projects/Oil and Gas
Lead Cost Engineer - PSC in Reading employer: Wood Group
Contact Detail:
Wood Group Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Lead Cost Engineer - PSC in Reading
✨Tip Number 1
Network like a pro! Reach out to your connections in the industry, especially those who work in project management or cost engineering. A friendly chat can lead to insider info about job openings that aren't even advertised yet.
✨Tip Number 2
Show off your skills! When you get the chance to meet potential employers, whether at a networking event or an interview, be ready to discuss your experience with SAP and financial analysis. Bring examples of how you've managed budgets and controlled costs in past projects.
✨Tip Number 3
Don’t forget to follow up! After any meeting or interview, shoot a quick thank-you email. It’s a great way to remind them of your enthusiasm for the role and keep you fresh in their minds.
✨Tip Number 4
Apply through our website! We’ve got loads of opportunities waiting for talented folks like you. Plus, applying directly shows your interest and commitment to joining our team.
We think you need these skills to ace Lead Cost Engineer - PSC in Reading
Some tips for your application 🫡
Tailor Your CV: Make sure your CV highlights your experience in cost estimation and financial analysis. We want to see how your skills align with the role, so don’t be shy about showcasing your SAP knowledge and any relevant project experience.
Craft a Compelling Cover Letter: Your cover letter is your chance to shine! Use it to explain why you’re the perfect fit for the Lead Cost Engineer position. Mention specific projects where you've managed budgets or conducted financial analyses, and show us your passion for the oil and gas sector.
Showcase Your Collaboration Skills: Since this role involves working closely with project management teams and contractors, highlight any past experiences where you’ve successfully collaborated with others. We love seeing teamwork in action, so share those stories!
Apply Through Our Website: We encourage you to apply directly through our website. It’s the best way for us to receive your application and ensures you’re considered for the role. Plus, it shows us you’re keen on joining the StudySmarter team!
How to prepare for a job interview at Wood Group
✨Know Your Numbers
As a Lead Cost Engineer, you'll need to demonstrate your expertise in cost estimation and financial analysis. Brush up on your knowledge of SAP and be ready to discuss specific examples of how you've managed budgets and forecasts in previous projects.
✨Showcase Your Collaboration Skills
This role involves working closely with project management teams and contractors. Prepare to share experiences where you successfully collaborated with others, particularly in contract negotiations or managing change orders. Highlight your ability to communicate effectively and build strong relationships.
✨Be Ready for Technical Questions
Expect questions that dive deep into your technical skills, especially around cost control and monitoring. Familiarise yourself with common financial risks in large-scale projects and think about how you've mitigated them in the past. This will show your analytical thinking and problem-solving abilities.
✨Prepare Insightful Questions
At the end of the interview, you'll likely have the chance to ask questions. Use this opportunity to inquire about the company's approach to process improvement in cost engineering. This not only shows your interest but also gives you insight into their values and practices.