Cost Analyst I

**Cost Analyst I** **-** **EAS007R**

**Company**: Worley

**Primary Location**: SAU-EP-Al Khobar

**Job**: Project Controls

**Schedule**: Full-time

**Employment Type**: Employee

**Job Level**: Experienced

**Job Posting**: Dec 9, 2024

**Unposting Date**: Jan 8, 2025

**Reporting Manager Title**: Business Manager

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Building on our past. Ready for the future

Worley is a global professional services company of energy, chemicals and resources experts. We partner with customers to deliver projects and create value over the life of their assets. We’re bridging two worlds, moving towards more sustainable energy sources, while helping to provide the energy, chemicals and resources needed now.

Worley is a global professional services company of energy, chemicals and resources experts headquartered in Australia.?

Right now, we’re bridging two worlds as we accelerate to more sustainable energy sources, while helping our customers provide the energy, chemicals and resources that society needs now.

We partner with our customers to deliver projects and create value over the life of their portfolio of assets. We solve complex problems by finding integrated data-centric solutions from the first stages of consulting and engineering to installation and commissioning, to the last stages of decommissioning and remediation. Join us and help drive innovation and sustainability in our projects.
- Technically qualified and experienced staff for implementation of project controls best practices to support the project management team to execute projects on time, on budget, and to specification.
- Utilize Worley (and/ Client) WBS & associated CoA to produce reports, track & forecast EPC costs and overall work performance
- Displays efficient and cost effective management of duties - prepare and present efficient written analysis of TIC cost variance
- Effective and result oriented, interfacing with the PM and/or departments to perform job efficiently
- Assigning and reviewing work of subordinate cost and planning staff Job Specific Knowledge:

- Sound understanding of project delivery phases, activities performed in each phase, and deliverables at the end of each phase - Constructability & VIP reviews/ Cost Estimate/ Execution Plan / PFD / P&ID / HAZOP / 3-D Equipment and Piping Model / Plot Plan
- SLD / Ortho’s & Isometric production / E, I&C Installation drawings / Loop Drawings / CWP / etc,
- Have experience working on major EPCM and / or EPC (LSTK) contracts, in working on projects within the Oil and Gas, Power and industrial sectors.
- Strong knowledge of, and the interrelationship of a good technical project scope definition, quality of the schedule and estimate, construction sequence and execution, procurement and contracting strategies, commissioning and start up
- Strong working knowledge of coding structures for EPCM and / or EPC projects - WBS, EPS, OBS, RBS, Client Coding Requirements
- Capable of developing and maintaining a control budget and forecast for engineering services - including changes, trends, CPI / MPI, etc
- Capable of developing and maintaining a control budget and forecast for EPC (TIC) - including materials and sub-contracts
- Understanding of financial interface for expenditures, revenue recognition, invoicing, cash flow / cash calls
- Capable of developing contingency worksheet and drawdown curves
- Working knowledge of “three-point estimating” and confidence levels of estimates (for activity duration) based on the value of SIGMA (Standard Deviation) Concept
- Full understanding of cross-functional interfaces with, and deliverables engineering, procurement - materials & sub-contracts, estimating, cost management, construction & commissioning, safety, quality, finance/accounting, and document control
- Capable of managing impact of change & trends and resulting cost re-baselines and forecasts
- Working knowledge of Earned Value Measurement in engineering, procurement & construction
- Strong experience with Cost Measurement tools, Progress and Performance Measurement tools (including Time Management systems)
- Working knowledge of schedule risk analysis process and tools - quantitative
- In weekly and monthly basis prepare dashboard presenting status of submitted and approved expenditure reports.
- Control mobilize authorization for multi projects.
- Issue expenditure report to client and control the approval documents through company system.
- Monitor subcontract award amount compared with original amount.
- Prepare final close out report in line with the contract value and condition.
- Work closely with finance support invoices.
- Work on admin works supporting project control manager and project managers.

**Qualifications**:

- Bachelor’s degree in finance, accounting, administration or similar.
- Computer skills required.
- Experience with Microsoft Office Applications required.
- Good knowledge in English language.

**Moving forward together**

We’re committed to building a diverse, inclu