Senior Cost Analyst

Job closed


Khobar, Saudi Arabia

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Employment: Full Time

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.


- 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:
- Is familiar with, and is fully capable of application of skills and methods in cost engineering, estimating and planning engineering as contained in AACE and PMI (PMBOK) standard practices.
- 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
- Possess extensive experience in progress measurements and progress reporting for engineering, procurement and construction
- Ability to work well as an integral part of a large project team that includes the customer, engineering disciplines, construction management team, and 3rd party suppliers
- Capable of developing and delivering a professional presentation in slide show, report and verbal format for an audience of 5 persons
- Effective analytical and problem-solving skills
- Effective communication skills both verbally and in writing with superiors, colleagues, individuals both inside and outside the project team
- Strong work ethic, produces accurate and credible deliverables, meet deadlines.

HSE Capability:
- Demonstrates awareness of health, safety & environment issues (including current government (federal and provincial) legislations); takes action to ensure zero harm to all employees, customers, contractors and the environment.
- Clear understanding of the obligation of the employer and employee related to HSE incidents / accidents in the workplace

IT Skills:
- Must be proficient in custom reporting software, project and portfolio tools such as Excel, Access, Word, PowerPoint, etc

People Skills:
- Excellent leadership skills and ability to influence, mentorship skills, and relationship building skills
- Superior interpersonal, organizational, analytical, managerial and communication skills.

- Proven methodology development skills, curriculum development and review skills, as well as presentation and facilitation skills
- Authority / Freedom To Act / Decision Making (Including Budgetary Responsibility)
- Extent of Guidance or Control:
- Often a key support person to the Project Controls Manager and Project Manager .
- Works under direction of the Project Controls Manager or Project Manager: performance is subject to periodic review to ensure conformity to administrative and project objectives

Impact of Decisions on Results:
- Timely and accurate update of the current project schedule, analysis of cost variance, and report on corrective measures
- Position Significance Relative to Total Organization :
- May assist in the training of project cost controllers at less senior levels by providing guidance in work methods and procedures as detailed in the Worley PCDP training programs

Other Relevant Information
- Willingness to be assigned to field construction organization on short term or long term basis

- A university degree in engineering, or equivalent.
- Eligible for Certification by PMI (PMP) and/or AACE or similar accredited project management institute
- Willing to undergo rigorous in-house Worleys PCDP and quality training
- Additional technical and leadership training and project related seminars

Moving forward together

We're committed to building a diverse, inclusive and respectful workplace where everyone feels they belong, can bring themselves, and are heard. We provide equal employment opportunities to all qualified applicants and employees without regard to age, race, creed, color, religion, sex, national origin, ancestry, disability status, veteran status, sexual orientation, gender identity or expression, genetic information, marital status, citizenship status or any other basis as protected by law.

We want our people to be energized and empowered to drive sustainable impact. So, our focus is on a values-inspired culture that unlocks brilliance through belonging, connection and innovation.

And we're not just talking about it; we're doing it. We're reskilling our people, leveraging transferable skills, and supporting the transition of our workforce to become experts in today's low carbon energy infrastructure and technology.

Whatever your ambition, there's a path for you here. And there's no barrier to your potential career success. Join us to broaden your horizons, explore diverse opportunities, and be part of delivering sustainable change.


Worley is a leading global provider of professional services in the energy, chemicals and resources sectors. We partner with our customers to address their most critical challenges at every stage of their projects: from initial concepts to sustaining and enhancing their assets. And we provide smarter, bolder solutions while delivering on our own sustainability commitments.

We are 51,000 bright minds across 46 countries all driven by a common purpose – delivering a more sustainable world. While working to fulfill our ambition to be recognized globally as the leader in sustainability solutions.

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