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Cost Engineer

14 hours ago

Dubai, United Arab Emirates Wood Full time

Job Title Cost Engineer at Wood Job Description Wood is recruiting for a Cost Engineer to join its UAE Business Unit, focusing on managing all current and future or potential cost developments for a Major Onshore Brownfield Project in Dubai, UAE. This is an exciting opportunity for an experienced Cost Engineer to join our UAE Business Unit. It is a full‑time office‑based role in Dubai, UAE with travel requirements. Key Objectives The Cost Engineer shall manage all current and future or potential cost developments in support of up‑to‑date cost forecasts, including cost risk analysis, contingency management and reporting to facilitate informed decision making within a project(s) and/or Engineering departments. Key Activities and Accountabilities Establishing project baselines and cost management framework for various portfolio projects as they are sanctioned. Develop, implement and maintain the project‑specific WBS (Work Breakdown Structure) and underlying CTR (Cost, Time, Resource) structure, populate with budget information and secure CTR owner sign‑offs. Implement standard CBS (Cost Breakdown Structure) and contractor processes. Contribute to establishing a consistent approach to treatment of multi‑currency transactions. Contribute to the implementation and maintenance of cost control processes: commitment planning and recording/reporting, VOWD (Value of Work Done), cost forecasting/phasing consistent with company procedures. Prepare cost report content and conduct budget holder reviews and publish. Embed the change/trend management process, ensuring all participants are aware of their responsibilities and the different classifications of a change/trend, and ensure that appropriate changes/trends are reflected in the regular cost forecast updates. Prepare forecasts and review with budget holders and project management. Provide early warning and value‑adding through reviews of the various contractor cost reports. Develop/prepare reports and deliver presentations as required by the project. Manage/facilitate risk process with project teams ensuring linkage to cost contingency management/forecasting. Contribute to maintaining a process/system for capturing critical project data for historical reporting and benchmarking. Benefits Meaningful and interesting projects delivered to high‑profile clients and complex projects in Iraq. Commitment to diversity and inclusion with employee networks that give all employees a voice. Competitive salary with regular salary reviews to ensure we are rewarding at the right level in line with the market. Commitment to continued professional development with tailored development plans. Global connections: join experts around the world at the leading edge of our industry. Medical insurance covering inpatient and outpatient care. Group life and personal accident insurance. Employee share plan with matching contribution. Long‑service award recognizing commitment and loyalty at 5‑year milestones. Qualifications Engineering degree and/or certification as a Cost Engineer or equivalent experience. Minimum 7 years of industry experience in cost engineering, project services and/or project engineering positions. Excellent analytical, oral and written communication skills. Experience with databases an advantage. Fully versed with cost engineering/risk tools. Project execution practical experience (e.g. engineering, controls, C&P, construction). Proven interpersonal and relationship skills in complex environments with ability to work with a diverse background. Experience in execution in remote/developing locations advantage. Additional Comments Able to work across multiple projects largely unsupervised and deliver results within challenging deadlines and under pressure. Monetary measures: portfolio of concurrent brownfield and greenfield projects at different phases of the project lifecycle. Working with offices in several different locations. About Us 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. Website: Diversity Statement We are an equal‑opportunity employer that recognises the value of a diverse workforce. All suitably qualified applicants will receive consideration for employment on the basis of objective criteria and without regard to race, colour, age, religion, gender, national origin, disability, sexual orientation, gender identity, protected veteran status, or other characteristics in accordance with the relevant governing laws. Seniority level Mid‑Senior level Employment type Full‑time Job function Management and Manufacturing Industries Professional Services #J-18808-Ljbffr