Summary
Wood is seeking a Cost Engineer to support its projects business in Saudi Arabia, with a focus on mining projects. The role covers cost estimates and budgets, cost tracking and variance analysis, feasibility modeling, tender and procurement support, risk assessment, and cost reporting. Applicants are expected to have a relevant degree, 5–10 years of mining cost experience, and experience with gold mining or similar resource projects. AACE cost certification is listed, while PMP and advanced degrees or certifications are beneficial or preferred.
The posting
As published on woodplc.com. Pulled from the employer's site and shown as they wrote it.
Wood is currently seeking a Cost Engineer to support our projects business.
Responsibilities
What we can offer
- Medical Insurance - Ensures specialist care is available to you and eligible family members residing in country. Pre-existing medical conditions are covered. No limit on number of children covered under the policy however age and coverage limits apply in line with KSA CCHI rules. Option to select higher medical cover payable at employees own expense.
- Employee Assistance Programme - Allows you to feel comfortable knowing that you or your immediate family members can confidentially discuss any work or personal issues that are an inevitable part of life. The program helps support your mental, physical, social & financial well-being.
- GOSI (Social Insurance) - Payable to KSA employees, social insurance contributions are paid by the company in line with Government legislation to cover occupational hazards.
- End of Service Gratuity - In line with KSA Labour Law, all employees are eligible for an End of Service benefit.
- Examination Leave - Upon company approval to enroll in an education institute or to continue within such institution, employees have the right to fully paid leave to sit for an examination of an unrepeated year. Leave duration is based on the days of actual examination and must be applied for no less than fifteen days prior exam
- Professional Memberships - One professional membership, registration, subscription, certification and/or license cost per annum for all active Wood employees. The membership must be relevant to the role you are currently employed in or be part of a development plan. Reimbursement should be claimed via the expenses procedure system, with supporting evidence.
- Inspire Awards - Our annual awards programme is all about recognising and celebrating our inspirational colleagues – those designing the future, upholding our values and playing a pivotal role in delivering our strategy. Employees can recognise those who inspire them and make their day by nominating them for their hard work, innovation and tenacity.
- Long Service Award - Wood values the commitment and loyalty of our people. Celebrating Long Service provides an opportunity for the business to demonstrate their appreciation of the hard work, dedication and many years’ service of our employees at 5 year service milestones.
- Career Development Champions - Prioritizes structured growth through goal setting and resource utilization. Employees use tools for planning and feedback, with managers actively coaching and mentoring to support advancement. Continuous learning and development are emphasized to help employees achieve their career goals effectively.
Typical responsibilities:
- Cost Estimation and Budget Development: Prepare detailed cost estimates for all phases of the mining project, including exploration, development, extraction, processing, and reclamation.
- Capital and Operating Cost Control: Monitor and control project costs related to mining equipment, infrastructure, labor, materials, and consumables to ensure alignment with the approved budget.
- Financial Modeling and Feasibility Analysis: Conduct economic evaluations, including life-of-mine (LOM) cost modeling, to assess project viability and support decision-making.
- Tendering and Contract Management: Assist in preparing tender documents for mining equipment, services, and construction contracts; evaluate bids and negotiate terms to optimize costs.
- Cost Tracking and Variance Analysis: Track actual expenditures against budgets, analyze variances, and implement corrective actions to prevent cost overruns.
- Risk and Contingency Management: Identify potential financial risks specific to mining operations (e.g., fluctuating commodity prices, environmental compliance costs) and develop contingency plans.
- Change Order Evaluation: Assess the financial impact of design changes, scope modifications, or unforeseen site conditions, and process change orders accordingly.
- Reporting and Documentation: Prepare regular financial reports, forecasts, and cost status updates for project stakeholders, ensuring transparency and accuracy.
- Procurement Support: Support procurement activities by analyzing supplier quotes, negotiating pricing, and ensuring cost-effective purchasing of mining equipment and materials.
- Regulatory and Environmental Cost Compliance: Ensure costs associated with environmental permits, reclamation, and regulatory compliance are accurately estimated and monitored.
- Coordination with Multidisciplinary Teams: Work closely with geologists, mining engineers, environmental specialists, and project managers to ensure cost data reflects project realities.
Qualifications
What makes you remarkable?
At Wood, we are committed to equal opportunities and welcome all talented individuals to consider joining our team. So even if you don't match every statement below but feel you have some of the experience, knowledge or skills needed for this role, we encourage you to apply. It will take all of us working together to deliver solutions to the world’s most critical challenges.
Expected
Educational Background:
- Bachelor’s degree in engineering (Mining, Civil, Mechanical, or Electrical Engineering), Quantity Surveying, Construction Management, or related field.
- Master’s Degree** or advanced certifications (preferred but not mandatory) in Mining Engineering, Cost Engineering, or Business Administration.
Professional Certifications:
- Certified Cost Engineer (CCE) or Certified Cost Professional (CCP) from the Association for the Advancement of Cost Engineering (AACE International).
- Project Management Professional (PMP) certification (beneficial).
- Certifications in risk management or environmental management are advantageous.
Technical Skills:
- Strong knowledge of cost estimation techniques and project budgeting.
- Familiarity with mining operations, processes, and equipment.
- Proficiency in cost management software (e.g., SAP, Primavera, CostX, or equivalent).
- Understanding of financial analysis, economic modeling, and feasibility studies.
- Knowledge of environmental and regulatory compliance costs relevant to mining.
- Excellent analytical, problem-solving, and decision-making skills.
- Strong communication and report-writing abilities.
- Ability to work effectively in multidisciplinary teams.
- Attention to detail and high level of integrity and professionalism.
Analytical and Soft Skills:
- Excellent analytical, problem-solving, and decision-making skills.
- Strong communication and report-writing abilities.
- Ability to work effectively in multidisciplinary teams.
- Attention to detail and high level of integrity and professionalism.
- Years of Experience
- Minimum of 5-10 years of experience in cost estimation, control, and management within the mining industry.
- Proven experience with gold mining projects or similar resource extraction projects.
- Experience with large-scale capital projects, including infrastructure, processing plants, and equipment procurement.