Description

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 qualified 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

📌 Senior Cost Controller (Chennai)
🏢 Wood Group
📍 Chennai