Cost Controller II

Overview / Responsibilities:

• Assist in the development and maintenance of Project Work Breakdown Structure (WBS) and Cost
• Breakdown Structure (CBS) for specific scopes
• Assist 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
• Liaise with procurement, finance and time-capture functions, and third parties as required, to support accurate and timely capture of procurement, materials, subcontract and labour manhour costs, allocating costs in accordance with approved project WBS
• 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.
• Support the project work approval process in terms of accurate cost code allocation and initial budget set-up and approvals
• Assist in the development and maintenance of project cost budgets using appropriate software applications
• Monitor cost commitments and expenditures through all phases of project lifecycle
• Provide input to project cost performance reports in accordance with project reporting requirements
• Support the preparation of updates to project cost forecasts
• Assist in the monitoring and reporting on cost impact of project manpower forecasts
• Assist in development of project change orders / variations in accordance with engineering and construction change notifications
• May facilitate and communicate cost and schedule impact of change notifications.
• Monitor overall project cost performance and contingency drawdown.
• Attend project meetings as required.
• Participate in the project cost close-out process.
• Attend cost & estimate risk analysis sessions as required
• Participate in Project Controls Compliance and Continuous Improvement Reviews

Contribute to the delivery of cost budgets and reports where;
• 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.

Skills / Qualifications:

• Entry level role, incumbents will typically have less than 2 years experience
• Good general computer skills
• Basic understanding of project management principles and techniques

• Demonstrates commitment to Wood Values, Visions & Behaviours
• Applies analytical and statistical analysis
• Ability to work independently and as part of a team
• Demonstrates effective organization & planning skills
• Ability to handle multiple tasks and changing priorities in a fast paced environment
• Good communication skills both written and oral
• Uses initiative and a proactive approach to problem solving
• Commitment to continuous improvement

Company Overview:

Diversity Statement: