Senior Cost Analyst

Overview

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.

At Worley, we're building a diverse, inclusive, and respectful workplace. Creating a space where everyone feels they belong, can be themselves, and can thrive is essential to our mission of delivering sustainable change. We know that diverse and inclusive cultures are safer and more innovative. We encourage applications from candidates from all backgrounds and diversity characteristics and warmly encourage disabled or neurodivergent candidates to apply.

Position Summary

The Senior Cost Analyst will play a crucial role in the financial management of a large-scale downstream oil and gas project. The analyst will be responsible for analyzing, monitoring, and controlling project costs, providing insightful reports, and assisting in the budgeting and forecasting process to ensure the project is completed within financial constraints. This position will work closely with project managers, engineering teams, and finance to track costs, identify potential cost overruns, and recommend solutions to mitigate financial risks.

Key Responsibilities

• Cost Estimation & Budgeting:
  • Develop and maintain project cost estimates, including capital and operational expenditures for all phases of the downstream project.
  • Assist in the preparation of project budgets, ensuring accuracy and alignment with project scope and objectives.
  • Review and validate cost estimates and budgets with project teams and senior management.
• Cost Control & Monitoring:
  • Track and monitor project costs to ensure they stay within budgeted amounts.
  • Identify cost variances, analyze the root causes, and recommend corrective actions.
  • Collaborate with project managers and procurement teams to evaluate changes to scope, schedule, and cost, and assess the financial impact.
• Reporting & Financial Analysis:
  • Prepare regular cost reports, including earned value management (EVM) analysis, variance analysis, and other key performance indicators (KPIs).
  • Provide cost forecasts and updates to senior management, highlighting any potential risks to the financial health of the project.
  • Present financial performance and forecasts to project stakeholders, offering recommendations for cost optimization.
• Contract & Procurement Support:
  • Review and analyze contracts, ensuring that all financial terms, including payment schedules and cost structures, are accurately reflected in the project's cost control systems.
  • Work with the procurement team to analyze cost proposals, purchase orders, and invoices to ensure accuracy and compliance.
• Risk Management:
  • Identify and assess cost-related risks associated with the project and recommend mitigation strategies.
  • Assist in the development and execution of risk management plans to ensure financial risks are effectively managed.
• Collaboration & Stakeholder Management:
  • Work closely with cross-functional teams, including engineering, procurement, and construction, to ensure that cost control measures are understood and followed.
  • Provide financial input for change orders, claims, and other project variations.
  • Develop strong relationships with internal and external stakeholders, including contractors and suppliers.
• Continuous Improvement:
  • Identify and recommend improvements to cost control processes and systems.
  • Stay up to date with industry best practices, cost management tools, and technologies.

Qualifications

• Bachelor's degree in Finance, Accounting, Engineering, or related field (Master's degree or professional certifications like CCEA, PMI, or CPA is a plus).
• Experience in cost analysis, budgeting, and financial reporting in the oil and gas industry, with a focus on downstream projects.
• Strong knowledge of project cost control techniques, financial analysis, and cost estimation methodologies.
• Experience with project management software (e.g., Primavera P6, SAP, or other cost management systems).
• Proficiency in Microsoft Excel and other financial analysis tools.
• Ability to communicate complex financial data in a clear and concise manner to both technical and non-technical stakeholders.
• Strong attention to detail, with the ability to work under pressure and meet deadlines.
• Experience working on large-scale capital projects in the oil and gas industry is highly desirable.

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.