Turnaround Cost Controller
- Develop, maintain, and monitor turnaround budgets, forecasts, and cost reports throughout all phases of the turnaround lifecycle.
- Track and manage planned, committed, actual, and forecasted costs for labor, materials, equipment, and contractor services.
- Support development of turnaround cost estimates and assist in identifying cost-saving opportunities.
- Review and maintain applicable Work Breakdown Structures (WBS) and cost coding structures to ensure accurate cost allocation and reporting.
- Monitor purchase order creation, commitments, and expenditures against approved turnaround budgets.
- Coordinate with Procurement, Finance, Contractors, and Turnaround Teams to ensure timely and accurate capture of costs.
- Monitor real-time spending and identify cost variances, trends, and potential risks; communicate issues and recommend corrective actions.
- Prepare and distribute timely cost performance reports, forecasts, and financial updates for turnaround stakeholders.
- Support change management processes by evaluating cost impacts associated with scope changes and additional work.
- Work closely with planning and turnaround teams to ensure forecasts accurately reflect schedule progress and project execution status.
- Validate contractor progress and work completion prior to invoice approval and processing.
- Track contractor invoices and facilitate invoice submission to ensure timely cost recognition and spend absorption.
- Support monthly accrual processes and collaborate with site Finance to ensure accurate financial reporting and period close activities.
- Perform variance analysis and provide insight into budget performance, contingency utilization, and forecast accuracy.
- Participate in turnaround status meetings and present cost performance updates to management and stakeholders.
- Maintain complete and accurate documentation in accordance with Wood and client requirements.
- Support internal and external audits by ensuring proper financial records and supporting documentation are maintained.
- Facilitate turnaround cost closeout activities, including final reporting and reconciliation of expenditures.
- Conduct post-turnaround cost reviews and contribute lessons learned to improve future turnaround planning and execution.
- Promote continuous improvement initiatives and best practices within cost control and project controls processes.
- Ensure compliance with Wood policies, procedures, client requirements, and applicable financial controls.
- Bachelor's degree in Business, Finance, Accounting, Engineering, Construction Management, Project Controls, or a related discipline; equivalent industry experience will be considered.
- Minimum 5 years of experience in turnaround cost control, shutdown cost control, project controls, or project cost management in refining, petrochemical, chemical, oil & gas, or industrial environments.
- Demonstrated experience supporting refinery or petrochemical turnaround (TAR) events.
- Strong knowledge of cost management principles including budgeting, forecasting, cost tracking, accruals, variance analysis, and financial reporting.
- Experience managing contractor, labor, material, and procurement costs during maintenance shutdowns or capital projects.
- Strong understanding of change management processes and cost impacts resulting from scope changes.
- Knowledge of Work Breakdown Structures (WBS), Cost Breakdown Structures (CBS), cost coding, and project reporting methodologies.
- Proficiency with SAP, including purchase order and cost tracking functions.
- Advanced proficiency in Microsoft Excel, including pivot tables, lookups, reporting tools, and data analysis.
- Experience using Power BI for dashboard creation, reporting, and data visualization.
- Ability to develop and maintain detailed cost forecasts and provide accurate financial analysis.
- Strong analytical, organizational, and problem-solving skills with attention to detail.
- Ability to manage multiple priorities in a fast-paced turnaround environment.
- Excellent verbal and written communication skills with the ability to present financial information to various stakeholders.
- Ability to work independently while collaborating effectively with cross-functional teams.
- Experience supporting project audits, financial reconciliations, and closeout activities preferred.
- Previous experience in a senior cost control or project controls role is preferred.
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