Job Description

At Dow, we believe in putting people first and were passionate about delivering integrity, respect and safety to our customers, our employees and the planet.Our people are at the heart of our solutions. They reflect the communities we live in and the world where we do business. Their diversity is our strength. Were a community of relentless problem solvers that offers the daily opportunity to contribute with your perspective, transform industries and shape the future. Our purpose is simple - to deliver a sustainable future for the world through science and collaboration. If youre looking for a challenge and meaningful role, youre in the right place.Dow Chemical International Pvt. Ltd. has an opening for Senior Cost Management Specialist to be located at Chennai, India.The role acts as a technical resource for Cost Management within the Global Project Methodology (GPM) work process. Supports establishment of the overall cost baseline with reporting to monitor and control the project within established tolerances of the baseline supporting cost effective project execution. Coordinates data inputs from the various disciplines and functions to ensure accurate forecasts and reporting of cost. Engages the project steering team to understand causes of the deviation and the need to establish actions to mitigate, where deviations from established tolerances occur.At this experience level, supports large projects or serves as lead on smaller large projects. Requires expanded conceptual and practical knowledge in own job discipline and broadens capabilities.Responsibilities / Duties

• Integrates Project Cost & workhour estimate, project schedule into Cost Management baseline.
• Develop Project cost reports of high accuracy. (create cash flows, cancellation curves, cost narratives, trend analysis, analyzing the contingency, commitment, spent and forecasts)
• Create the, accurate reflection of committed/spent funds, project deviation notices, field change orders, and project execution changes in all cost documents),Provides estimate of cancellation costs.
• Leads the project team in deriving an accurate/ realistic forecast of all funds required to complete the project within the defined budget and schedule while incorporating own trending and analyses.
• Alerts the project team to critical Cost Management issues. Provides supporting data for project metrics, external benchmarking and project closure.
• Lead the cost changes or deviations. Alert on thresholds and enhance controls. Integrate with various functional disciplines as a team player ensuring the right inputs for the accurate forecasting.
• Analyze the contingency forecast and the drawdowns and cost accruals periodically to enhance smooth execution of the project.
• Knowledge in standard procurement work process, construction change order work process and supporting tools set. Familiar in Turnaround projects and conversant with Field practices and construction exposure

Global Competencies

• Initiative/Interpersonal Effectiveness
• Learning/Teamwork
• Technical Capabilities

Technical Skillset

• Project Cost Management tools (SAP, EcoSys, etc.) and Methodology
• Knowledge of Contracting, Subcontracting of multi discipline projects in Oil& Gas and Chemical Sectors (Small, Medium and Large Projects)
• Engineering man-hour utilizations/allocations.
• International currencies / currency conversion practices.

Qualifications

• Bachelors degree or equivalent experience
• Minimum 8 year and above experience as Cost Controller
• Estimating Tools and schedule management tools (general awareness)
• Must be willing to work on projects at different geographies / locations role.
• Strong communication Skills in English.

Benefits - What Dow offers youWe invest in you.Dow invests in total rewards programs to help you manage all aspects of you: your pay, your health, your life, your future, and your career. You bring your background, talent and perspective to work every day. Dow rewards that commitment by investing in your total wellbeing.Here are just a few highlights of what you would be offered as a Dow employee:

• Equitable and market-competitive base pay and bonus opportunity across our global markets, along with locally relevant incentives.
• Benefits and programs to support your physical, mental and emotional well-being, to help you get the care you need...when you need it.
• Competitive retirement program that may include company-provided benefits, savings opportunities, financial planning and educational resources to help you achieve your long term financial-goals.
• Become a Dow shareholder through various employee stock programs.
• Opportunities to learn and grow through training and mentoring, work experiences, community involvement and team building.
• Workplace culture empowering role-based flexibility to maximize personal productivity and balance personal needs.
• Global Paid Time Off (PTO) policies:

• Paid time off for new parents (birthing and non-birthing, including adoptive and foster parents).
• Paid time off to care for family members who are sick or injured.
• Paid time off to support volunteering and Employee Resource Groups (ERG) participation.

Join our team, we can make a difference together.About Dow Chemical International Pvt LtdDow Chemical International Private Limited (Dow India) aims to be the most innovative, sustainable, inclusive customer-centric materials science company. The company is committed to delivering the right solutions to its customers challenges. With broadest technology sets spanning performance materials, industrial intermediates, and plastics Dow India delivers differentiated science-based products and solutions in high-growth segments, such as packaging, infrastructure, automobile, and consumer care.A Great Place to Work\xc2\xae Certified company with approximately over 1000 employees, its operations comprise of manufacturing sites, innovation center, established centers of excellence, and commercial office. As a responsible corporate, the company supports its Corporate Social Responsibility (program) with technology expertise and employee volunteerism. Dow India works with non-profit partners towards the empowerment of differently abled, women, and children in communities where it operates. The company aims to redefine the societal blueprint, by supporting holistic sustainability and circular economy initiatives.As part of our dedication to the diversity of our workforce, Dow is committed to equal opportunities in employment. We encourage every employee to bring their whole self to work each day to not only deliver more value, but also have a more fulfilling career. Further information regarding Dow's equal opportunities is available on .

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