169 Cost Accountant jobs in United Arab Emirates

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.

Job Purpose & Scope:

• Ensuring HSSEQ goals, objectives and targets are met through personal leadership and involvement.
• Safe delivery and handover of the Project to the Owner, sustainably, safely, on time, within budget, ensuring that a quality product is produced that represents ‘best value’ for the Owner and their Stakeholders.
• To provide Cost and Estimating management, leadership and support for all Project activities.
• Oversee Budget, Cost, Estimating, Progress Measurement and Forecasting activities of the EPC Contractor and ensure these are aligned to the overall Project objectives.
• Support the Project Controls Manager and provide functional support to the Project PMC and Owner’s teams.

Principal Accountabilities:

• Champion the Project Safety culture, behaviors and engagement activities.
• Reports to PMC Project Controls Manager and works under his direction.
• Reviews, monitors and controls Project costs.
• Verify EPC Contractor requests for payments, including the required supporting documents and achievement of milestone events and certifying their entitlements for payments accordingly.
• Ensure that adequate information is supplied to verify progress claims against milestones and invoices submitted including calling for further information to substantiate progress claims where necessary, prior to payment by the Owner.
• Review EPC Contractor’s Invoices, Progress Measurement and Forecasts and provide assessments to Project senior management.
• Review Project Business Plans and Execution strategies to provide input to strategic priorities, Operating Budgets and cost forecasts.
• Review EPC Contractor’s nominated Subcontractor’s un-priced bid submissions for Progress Measurement and Reporting requirements.
• Ensure that PMC procedures for Estimating, Progress Measurement and Forecasting are approved and implemented.
• Provide functional input to the review and approval of EPC Contractor’s invoices and Change Order proposals.
• Participate in Project risk reviews, constructability reviews and value engineering workshops.
• Provide functional input to PMC weekly/monthly progress reports and presentations to the Owner and provide exception reports related to the overall Project Cost.
• Review EPC Contract close-out reports and performance evaluation reports and provide functional input to Project senior management.
• Review PMC systems and procedures to provide functional input and support continuous improvement.
• Establish and implement Project statistical database for benchmarking purposes.
• Review Project short term and medium-term constraints and concerns to provide mitigation plans and corrective actions.
• Avoid or minimize the variations from EPC Contractor by taking proactive and preventive actions.
• Perform trend analysis on both schedule and cost for early identification of potential deviations and advise Owner of their implications.
• Evaluate, EPC Contractor change orders/claims request for any Engineering, equipment or materials and Construction extras as well as schedule extensions, with recommendation to approve, modify or reject.
• Prepare Project cost reports to Owner highlighting current expenditure, commitments and forecast payments to the EPC Contractor.
• Participate in the preparation of Project progress reports addressing cost and schedule trends, productivity and actions taken.
• Participate in the close-out of the early work phase and the EPC Contract.
• Assist in the administration of financial agreements, drawdown forecasts of loan funds, cash flow of all funds and other financial aspects.
• Monitor cash flow in multi-currencies.
• Supervise internal and external audits.
• Monitor budgets.
• Structure and approve timely payment of EPC Contractor.
• Monitor exchange rates and source of funds.
• Provide total financial reviews and job financial close out.
• Review all necessary cost and schedule trending and reporting functions in respect of its services and ensure that EPC Contractor perform such activities related to the Project execution of the following requirements:
  • Ensure the raising of necessary documentation as per Project approved procedure for Change Order requests covering any changes in scope.
  • Review the detailed cost estimate prepared by EPC Contractor for all such Change Order requests and support documentation of the anticipated impact on cost and/or schedule.
  • Ensure the execution of EPC Contractor scope of work according to the EPC Contract Price, Terms and Conditions.
  • Maintain up-to-date registers documenting status of Change Order requests as per the approved procedure.
  • Ensure inclusion of cost and schedule trends prepared by EPC Contractor in formats approved by Owner as part of the Monthly Progress Report.
  • Maintain records of associated cost for each Change Order.
  • Review, comment & approve EPC Contractor cost report and cash flow.
  • Review updated Project budget cost estimate (if required) for cost monitoring and control.
  • Prepare Project cost control & budget monitoring report.
  • Perform the necessary cost estimates studies (as required).
  • Participate in Value Engineering activities.
  Perform Risk Assessment module.
  
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Qualifications and Experience:

• A bachelor’s degree in relevant engineering or equivalent from an accredited university with a minimum of fifteen (15+) years of relevant experience in the Oil & Gas or Petrochemical industry, including minimum five (5) years (preferred) in GCC region.
• Must have at least three (3) years of experience in similar position for international major Oil & Gas or Petrochemical projects.
• Experience within FEED & EPC experience is required.
• Experience in PMC roles is required.
• Experience in Offshore projects Required.
ADNOC project experience is preferrable.

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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.