Senior Cost Analyst

About Us Worley is a global company of energy, chemicals and resources experts headquartered in Australia. We partner with our customers to deliver projects and create value across the life of their assets. We specialize in consulting, engineering, procurement and construction across the project lifecycle, with services extending through to operations and decommissioning. Leveraging extensive experience and AI-enabled delivery, we support customers in navigating complexity as they meet today's needs and transition to more sustainable solutions. Primary Objectives / Responsibilities • Provide accurate cost forecasts to Project Management and stakeholders based on project scope, approved budgets, commitments, and actual expenditures. • Support decision-making by providing cost analysis, forecasting, and recommendations when corrective cost control actions are required. • Prepare and maintain weekly and monthly cost management reports in accordance with established procedures and project requirements. • Monitor project costs, commitments, and expenditures to ensure effective budget control throughout the project lifecycle. • Develop and maintain robust cost control systems, processes, and reporting mechanisms. • Support continuous improvement initiatives within Project Controls to enhance cost management effectiveness and efficiency. Specific Accountabilities • Demonstrate a comprehensive understanding of the OneWay™ framework and proactively promote it within the team to support Zero Harm Behaviour. • Establish and maintain effective budget control through the development and management of Work Breakdown Structures (WBS) and Cost Breakdown Structures (CBS). • Allocate and monitor budgets to ensure an effective baseline is established against which project performance can be measured. • Provide effective commitment control by allocating commitments against approved budgets and ensuring adequate funding availability. • Deliver accurate Forecast at Completion (FAC) assessments through analysis of commitments, expenditures, trends, and anticipated costs. • Support effective change management by assessing the impact of scope, schedule, and cost changes against approved baselines. • Maintain cost accounting controls by ensuring invoices and expenditures remain within approved commitments and budgets. • Promote a cost-conscious culture across project teams. • Analyze project cost performance and identify trends, risks, and opportunities for improvement. • Support project reporting requirements through accurate and timely cost data analysis. • Assist the Project Controls Team Lead with other activities supporting the Project Controls function as required. Essential Skills And Experience • Bachelor’s Degree in Engineering, Quantity Surveying, Finance, Construction Management, or a related discipline. • Minimum 8 years of experience within the Oil & Gas, Energy, Infrastructure, or Industrial sectors. • Minimum 4 years of experience in a lead or supervisory role managing Cost Engineers or Project Controls personnel. • Minimum 5 years of experience in Brownfield project delivery environments. • Proven experience in cost control, cost estimating, project scheduling, forecasting, and risk management. • Experience in earned value management (EVM), cost forecasting, and contingency management. • Experience working within multidisciplinary project teams. • Experience working in multicultural and diverse environments. • Experience managing EPCM projects. Required Competencies • Strong knowledge of cost management, forecasting, budgeting, and project controls principles. • Proficiency in project controls and cost management software, including advanced Microsoft Excel and other reporting tools. • Experience using project management, ERP, financial, and project controls systems. • Strong understanding of Work Breakdown Structures (WBS), Cost Breakdown Structures (CBS), and cost reporting methodologies. • Understanding of commercial contract requirements and their application to project cost management. • Ability to interface effectively with project teams to develop project forecasts and analyze performance. • Experience in earned value analysis, productivity measurement, risk analysis, and contingency forecasting. • Strong analytical, problem-solving, and reporting skills. • Self-motivated with the ability to work independently and manage competing priorities. • Ability to prepare and deliver presentations to internal and external stakeholders. • Ability to develop and improve cost management processes, procedures, and reporting methodologies. Moving forward together 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. We're building a diverse, inclusive and respectful workplace. Creating a space where everyone feels they belong, can be themselves, and are heard. 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. Show more Show less