Cost Engineer

<b> Overview / Responsibilities </b><br><br>Wood is currently recruiting for<b> Cost Engineer</b> with experience in the Oil & Gas to join our Operations Services Asia Pac (Upstream business) team in Kuala Lumpur. This is to support our on-going projects and workshares with other Wood offices. Below are some key responsibilities and duties; <br><ul><li> Assist and support in the development and maintenance of Project Work Breakdown Structure (WBS) and Cost Breakdown Structure (CBS) for specific scopes </li><li> Liaise with other Project Controls disciplines and functions, assist and support in the development of project budgets in accordance with the Basis of Estimate including statements of work scope, assumptions, man-hour estimates, narratives and review & comment of client documents </li><li> Liaise with procurement, finance and time-capture functions, and third parties as required, to ensure accurate and timely capture of procurement, materials, subcontract and labour manhour costs. </li><li> Ensure costs are allocated accurately in accordance with approved project WBS </li><li> Liaise with engineering, procurement and construction functions, and others as required, to maintain awareness of project activities and their impact on the project budget, schedule and cost forecast </li><li> Facilitate and manage the project work approval process in terms of accurate cost code allocation and initial budget set-up and approvals </li><li> Assist and support in the development and maintenance of project cost budgets using appropriate software applications </li><li> Monitor and control cost commitments and expenditures through all phases of project lifecycle </li><li> Liaise with planning as required to ensure accuracy in project cost phasing and forecasting </li><li> Prepare and provide project cost performance reports in accordance with project reporting requirements </li><li> Prepare and issue updates to project cost forecasts </li><li> Monitor and report on cost impact of project manpower forecasts </li><li> Develop and issue project change orders / variations in accordance with engineering and construction change notifications </li><li> Facilitate and communicate cost and schedule impact of change notifications </li><li> Monitor overall project cost performance and contingency drawdown </li><li> Attend project meetings as required. </li><li> Participate in the project cost close-out process </li><li> Attend cost & estimate risk analysis sessions as required </li><li> Participate in Project Controls Compliance and Continuous Improvement Reviews </li><li> Contribute to the delivery of cost budgets and reports where; </li></ul><ul><li><ul><li> Budgets correspond in structure and monetary value to submitted estimates, the WBS & CBS </li><li> Original and current budgets correspond to approved estimates plus approved scope changes through the project life cycle </li><li> Updates issued in a timely manner and cost reports are accurate within the bounds of the cost system </li><li> Projects are reported accurately and with sufficient detail </li><li> Project issues are highlighted in a timely manner </li><li> Project reports are issued in accordance with the contract reporting calendar </li><li> Scope and design development change orders are correctly identified </li><li> Change orders are tracked and correct submittal and approval dates are entered in tracking system </li><li> Change order status is adjusted within cost reporting system as change orders are submitted and approved </li></ul></li></ul> <br><br><b> Skills / Qualifications </b><br><br><b>Qualifications:</b> <br><ul><li> Degree in a relevant technical or business discipline (or equivalent gained through relevant vocational training and/or industry experience) </li></ul><br> Knowledge, skills and experience: <br><ul><li> Incumbents will typically have a minimum 2 years relevant cost experience </li><li> Basic knowledge of cost software and related principles, tools and techniques including budgeting, forecasting and cash-flow </li><li> Basic knowledge of Project Execution Procedures for Cost Management including Change Management </li><li> Basic understanding of WBS & CBS structures and project reporting capabilities </li><li> Basic ability to develop project cost budgets and change estimates </li><li> Basic ability to prepare cost reports </li><li> Basic understanding of change management and associated cost and schedule processes </li><li> Understanding of earned value application, cost and schedule variance analyses/trending and what-if scenarios </li><li> Understanding of project management principles and techniques </li><li> Understanding of Cost Management, Change Control, Planning & Risk Analysis & Manage </li></ul> <br><br><b> Company Overview </b><br><br>Wood is a global leader in engineering and consultancy across energy and the built environment, helping to unlock solutions to some of the world's most critical challenges. We provide consulting, projects and operations solutions in more than 60 countries, employing around 40,000 people. www.woodplc.com <br><br><b> Diversity Statement </b><br><br>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 the following (which is a non-exhaustive list): 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.