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Senior Cost Controller

Wood · India · Posted Aug 05, 2026

Company Wood Location Chennai, India Employment type Full-time Posted Aug 05, 2026 Listed via Wood

Cost Management

  • Develop and maintain project cost budgets in accordance with the Project Work Breakdown Structure (WBS) and the Basis of Estimate
  • Liaise with procurement, finance, and time-capture functions to ensure accurate and timely capture of all cost elements — procurement, materials, subcontracts, and labour
  • Monitor and review cost commitments and expenditure through all phases of project lifecycle
  • Liaise with project management and planning to ensure accuracy of cost phasing and forecasting
  • Review and evaluate project cost performance reports and forecast updates
  • Review and analyse cost impact of manpower forecasts
  • Review and issue project change orders and variations in accordance with change notifications
  • Assess and communicate cost and schedule impact of change notifications
  • Monitor overall project cost performance and contingency drawdown
  • Lead the project cost close-out process
  • Act as Cost Focal Point for all assigned project scopes

Reporting & Governance

  • Ensure project budgets, costs, and reports are documented, auditable, and issued in a controlled manner
  • Review and evaluate project cost performance reports in accordance with project reporting requirements
  • Attend project and client periodic meetings and present cost performance status as required
  • Ensure reports are accurate, timely, and issued in accordance with the contract reporting calendar
  • Ensure original and current budgets correspond to approved estimates and scope changes throughout the project lifecycle
  • Participate in contract and corporate risk analysis sessions and audits

PMBS & Efficiency

  • Support the achievement of the contract PMBS efficiency target (target: PMBS below 50% of Engineering cost)
  • Actively contribute to simplification of cost reporting structures and reduction of unnecessary reporting overhead
  • Contribute to the development of fit-for-purpose cost controls for the Fast Track delivery model

Team & Capability Development

  • Supervise, guide, and manage the Cost team — delegating work, reviewing outputs, and supporting development
  • Play a key role in mentoring and career development of cost personnel within the GEC
  • Lead and participate in Project Controls compliance and continuous improvement reviews
  • Contribute to the recruiting and retention of project controls talent within the GEC Hub

CONTRACT-SPECIFIC REQUIREMENTS Location & Mobility

  • Based at the Wood GEC office in Chennai, India — this is the primary place of work
  • Willingness and ability to undertake periodic overseas travel, primarily to the UK (Aberdeen), for project governance, knowledge transfer, customer engagement, and team alignment purposes
  • Estimated overseas travel: low frequency (approximately 2–4 trips per year depending on project phase)

International & Multicultural Experience

  • Demonstrated experience working in multicultural environments — experience working or collaborating with teams in Europe (particularly the UK) is strongly preferred
  • Proven ability to operate effectively across cultural, organizational, and time-zone boundaries
  • Experience of UK North Sea or comparable European offshore oil and gas operations is advantageous

Brownfield Experience

  • Preference for candidates with previous brownfield offshore modification or brownfield EPC project experience
  • Familiarity with the particular challenges of brownfield scope definition, execution in operating environments, and interface management with asset operations teams

Transition & Uncertainty Leadership

  • Demonstrable ability to lead teams through periods of significant change, transition, and operating model evolution
  • Comfortable operating with managed uncertainty — able to keep teams focused, motivated, and delivering during periods when processes, structures, or accountabilities are still maturing
  • Experience of operating model transitions, onboarding programmes, or significant organizational change is advantageous

Workload Flexibility

  • Ability to manage varied and changing workloads across multiple concurrent scopes of differing scale and complexity
  • Comfortable moving between strategic planning, hands-on delivery support, and team leadership as the situation requires

Networking & Talent Development

  • Strong professional networking capability — able to identify, attract, and retain talent within the GEC and the wider Wood organization
  • Active approach to building an internal talent pipeline, mentoring junior team members, and contributing to the development of the GEC as a center of excellence
  • Contribution to the wider recruiting effort for the GEC Hub build-out is expected

Qualifications

Qualifications

  • Bachelor's degree in a relevant technical or business discipline (or equivalent through relevant vocational training and industry experience)

Knowledge, Skills, and Experience

  • Minimum 8 years of relevant cost control experience
  • Excellent knowledge of cost software, budgeting, forecasting, and cash-flow management
  • Advanced knowledge of Project Execution Procedures for Cost Management including Change Management
  • Excellent understanding of WBS and CBS structures, earned value application, and cost/schedule variance analysis
  • Prior experience in a senior cost role, with team management experience
  • Experience of offshore oil and gas project delivery — brownfield experience strongly preferred

Personal Attributes

  • Analytically rigorous with strong attention to accuracy and auditability
  • Proactive communicator — raises issues early and clearly
  • Able to work autonomously and within a team across multiple time zones
  • Committed to continuous improvement and process simplification
  • Strong organizational and planning skills with ability to manage multiple concurrent scopes
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