Principal Cost Controller

Wood is currently recruiting for a Senior Cost Controller in Aberdeen, Scotland. This role is offered on a flexible hybrid basis. The successful candidate will be responsible for 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. Responsible for the development of project budgets, the tracking of actual and forecasted costs and the generation of cost reports, ensuring they are prepared to the required level of detail and accuracy and accordance with contractual requirements and Wood policies, procedures and standards. Supports in the management and development of the Cost team, the management of project budgets, actual and forecast costs, and the preparation and filing of project cost documentation. May act as the focal point for several project scopes. Responsible for identifying areas of best practise and driving continuous improvement within the Cost team. Role may be standalone on a project or as part of a team as determined by the requirements of the project organisation., Responsible for ensuring that:

• Budgets correspond in structure and monetary value to submitted estimates, the WBS & CBS
• Original and current budgets correspond to approved estimates plus approved scope changes through the project life cycle
• Updates issued in a timely manner and cost reports are accurate within the bounds of the cost system projects are reported accurately and with sufficient detail
• Project issues are highlighted in a timely manner
• Project reports are issued in accordance with the contract reporting calendar
• Scope and design development change orders are correctly identified
• Change orders are tracked and correct submittal and approval dates are entered in tracking system
• Change order status is adjusted within cost reporting system as change orders are submitted and approved
  
  Degree in a relevant technical or business discipline (or equivalent gained through relevant vocational training and/or industry experience)
Knowledge, skills, and experience:
• Incumbents to have strong relevant cost experience
• Excellent knowledge of cost software and related principles, tools and techniques including budgeting, forecasting and cash-flow
• Excellent knowledge of Project Execution Procedures for Cost Management including Change Management
• Excellent understanding of WBS & CBS structures and project reporting capabilities
• Advanced ability to develop project cost budgets and change estimates
• Advanced ability to prepare cost reports
• Strong understanding of change management and associated cost and schedule processes
• Strong understanding of earned value application, cost and schedule variance analyses/trending and what-if scenarios
• Excellent understanding of project management principles and techniques
• Strong understanding of Cost Management, Change Control, Planning & Risk Analysis & Management
• 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. We provide consulting, projects and operations solutions in 60 countries, employing around 35,000 people. www.woodplc.com