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For Companies At a Glance
- Tasks: Manage project budgets and track costs to ensure financial control.
- Company: Wood is a global leader in consulting and engineering, tackling energy and materials challenges.
- Benefits: Enjoy flexible benefits, 33 days annual leave, and a commitment to diversity and inclusion.
- Why this job: Join a team working on innovative projects in renewable energy and make a real impact.
- Qualifications: Experience in cost management and project execution is essential; knowledge of budgeting tools is a plus.
- Other info: This role offers opportunities for professional development and global connections.
The predicted salary is between 36000 - 60000 £ per year.
Wood Process & Energy is looking for a Senior Cost Controller on a full time basis on a Permanent, PAYE or PSC contract. This role is based at our offices in Stockton-On-Tees.
The role involves 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. Responsibilities include:
- Development of project budgets, tracking of actual and forecasted costs, and generation of cost reports.
- Management of project budgets, actual and forecast costs, and preparation and filing of project cost documentation.
- Identifying areas of best practice and driving continuous improvement within the Cost team.
What We Can Offer:
- Meaningful and interesting projects delivered to leaders of industry across renewables and emerging energy sectors.
- Commitment to Diversity and Inclusion.
- Competitive salary with regular salary reviews.
- Flexible benefits package including 33 days annual leave, generous contributory pension scheme, private medical cover, and life insurance.
- Commitment to continued professional development.
- Global connections with experts around the world.
Responsibilities include:
- Review and maintain Project Work Breakdown Structure (WBS) and Cost Breakdown Structure (CBS).
- Liaise with other Project Controls disciplines and functions.
- Manage the project/assignment work approval process.
- Monitor and control cost commitments and expenditures through all phases of project lifecycle.
- Provide copies of project cost performance reports.
- Attend project/client periodic meetings and present project cost performance status.
- Facilitate the project cost close-out process.
- Participate in cost & estimate risk analysis sessions.
Qualifications/Skills/Experience:
- Excellent knowledge of cost software and related principles.
- Understanding of WBS & CBS structures and project reporting capabilities.
- Prior experience in a Senior Cost role.
Wood is a global leader in consulting and engineering, helping to unlock solutions to critical challenges in energy and materials markets.
Senior Cost Controller employer: Wood
Contact Detail:
Wood Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Senior Cost Controller
✨Tip Number 1
Familiarise yourself with Wood's current projects and their focus areas, such as green hydrogen and energy transition. This knowledge will help you demonstrate your understanding of the industry during interviews and show how your skills align with their goals.
✨Tip Number 2
Network with professionals in the cost control and project management fields, especially those who have experience in the energy sector. Engaging with industry contacts can provide valuable insights and potentially lead to referrals for the Senior Cost Controller position.
✨Tip Number 3
Prepare to discuss specific examples of how you've successfully managed project budgets and controlled costs in previous roles. Highlighting your hands-on experience with cost software and project execution procedures will set you apart from other candidates.
✨Tip Number 4
Stay updated on the latest trends and technologies in cost management and project controls. Being knowledgeable about advancements in these areas will not only enhance your expertise but also demonstrate your commitment to continuous improvement, which is valued by Wood.
We think you need these skills to ace Senior Cost Controller
Some tips for your application 🫡
Tailor Your CV: Make sure your CV highlights relevant experience and skills that align with the Senior Cost Controller role. Focus on your expertise in cost management, budgeting, and project controls, as these are key aspects of the job.
Craft a Compelling Cover Letter: Write a cover letter that not only introduces yourself but also explains why you are a great fit for Wood. Mention specific projects or experiences that demonstrate your ability to manage costs effectively and drive continuous improvement.
Highlight Relevant Qualifications: In your application, clearly outline your qualifications and any certifications related to cost control and project management. This will help you stand out as a candidate who meets the technical requirements of the role.
Showcase Soft Skills: Don’t forget to mention your soft skills such as communication, teamwork, and problem-solving abilities. These are crucial for liaising with various departments and ensuring project success at Wood.
How to prepare for a job interview at Wood
✨Know Your Cost Management Principles
Make sure you have a solid understanding of cost management principles, including budgeting, forecasting, and cash flow. Be prepared to discuss how you've applied these in previous roles, especially in relation to project execution procedures.
✨Familiarise Yourself with WBS and CBS
Understanding Work Breakdown Structure (WBS) and Cost Breakdown Structure (CBS) is crucial for this role. Be ready to explain how you've used these structures in past projects and how they contribute to effective cost control.
✨Demonstrate Change Management Experience
Since change management is a key aspect of the Senior Cost Controller role, prepare examples of how you've managed changes in project costs and schedules. Highlight your ability to assess impacts and communicate effectively with stakeholders.
✨Showcase Your Reporting Skills
Be ready to discuss your experience in preparing detailed cost reports and forecasts. Provide examples of how your reporting has influenced project decisions and improved cost performance in your previous roles.
