Senior Cost Controller

Wood

Senior Cost Controller responsible for developing and managing project budgets for UK-based projects within the energy sector. Involves hybrid working with client site visits as required.

Posted 5/12/2026full-time🇬🇧 United KingdomSeniorWebsite

About the role

Key responsibilities & impact

The Senior Cost Controller will be 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.
Review and maintain Project Work Breakdown Structure (WBS) and Cost Breakdown Structure (CBS)
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
Liaise with Planning discipline to ensure accurate and timely control and forecasting of budgets and ensure that the impact of all change requests is properly assessed and included in the schedules
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, ensure costs are allocated accurately in accordance with approved project WBS
Review and maintain project cost budgets using appropriate software applications
Monitor and control cost commitments and expenditures through all phases of project lifecycle
Provide copies of project cost performance reports in accordance with project reporting requirements
Review and issue updates to project cost forecasts
Monitor and report on cost impact of project manpower forecasts
Coordinate development, review, and issue of project change orders / variations in accordance with engineering and construction change notifications
Assess, review, and communicate cost and schedule impact of change notifications
Monitor and review cost impact of achievement / non-achievement of major project milestones, overall project cost performance and contingency drawdown
Attend project / client periodic meetings and present project cost performance status as required

Requirements

What you’ll need

Typically requires ISCED level 6 (Bachelors) Degree in a relevant technical or business discipline (or equivalent gained through relevant vocational training and/or industry experience)
Excellent knowledge of cost software and related principles, tools and techniques including budgeting, forecasting and cash-flow
Understands EPCm Cost Management
Knowledge of NEC Contracting Mechanism
Drive standardisation, consistency, best practice to achieve performance excellence

Benefits

Comp & perks

Meaningful and interesting projects delivered to high profile clients across the Energy Sector
Flexible working arrangements that balance client, team and individual needs offering hybrid and remote working where relevant
Commitment to Diversity and Inclusion; we are an organisation actively committed to diversity and inclusion across our business
Competitive renumeration package with regular reviews to ensure we are rewarding at the right level in line with the market
Flexible benefits package inclusive of 33 days annual leave (including public holidays), plus the potential for one additional ‘flex day’ per month. Further benefits include a generous contributory pension scheme, private medical cover, 4x base salary life insurance; all of these and more that can be adapted to suit your own lifestyle
Commitment to continued professional development; development plans that are tailored to your individual needs and interests
Global connections: join experts around the world who are at the leading edge of our industry, shaping the standards of our profession
Energy Transition Academy; join a community of experts sharing your knowledge and gaining more exposure to a variety of existing and emerging energy systems – delivered by experts in their field

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Hard Skills & Tools

cost controlbudgetingforecastingcash-flow managementproject cost performance reportingcost breakdown structurework breakdown structurechange order managementEPCm cost managementNEC contracting mechanism

Soft Skills

communicationcollaborationattention to detailanalytical thinkingproblem-solvingpresentation skillsorganizational skillstime managementleadershipstandardization