Cost Analyst

Austin Fraser; Bristol; On-site; GBP 40,000 - 80,000; Full time

Job summary

An established industry player is seeking a Cost Engineering Consultant to provide critical cost estimates and modeling support for the UK Ministry of Defence and industry partners. In this pivotal role, you will collaborate with national government bodies and global contractors, utilizing your analytical skills to influence procurement decisions. Your expertise in cost engineering, risk analysis, and statistical modeling will be essential in developing robust cost models and supporting strategic decision-making processes. This opportunity offers a chance to impact significant projects while working closely with key stakeholders in the defence sector.

Qualifications

• Proven experience in Cost Engineering or Analyst role within a P3M environment.
• Good knowledge of statistics and risk analysis for parametric modelling.

Responsibilities

• Provide cost estimates and modelling support for UK MoD and industry.
• Support procurement decisions with analytical thinking and outcomes.

Skills

Cost Engineering

Analytical Thinking

Statistical Knowledge

Risk Analysis

Presentation Skills

Report Writing

Education

Degree Level Education

Tools

Visual Basic

@Risk

ModelRisk

Job description

As a Cost Engineering Consultant, you will be providing the cost estimates and modelling support to help the UK MoD and industry make better decisions. You will work closely with national government bodies, international institutions, and global prime contractors, leading and supporting procurement decisions with analytical thinking and outcomes, modelling of operational performance and sustainment.

Experience

Essential:

1. Proven experience in a Cost Engineering or Analyst role within a P3M environment.
2. Educated to degree level or equivalent.
3. Experience of working in the defence sector or a military background.
4. Good knowledge of statistics in support of parametric modelling, sampling, and risk analysis.
5. Knowledge of Investment Appraisals, Trade Studies, Business Cases, and Cost Benefit Analysis to support stage gate approvals process.
6. Experience in methods of estimating including bottom-up, analogous, and parametric techniques in support of both hardware and software systems acquisitions and through life support.
7. Experience developing estimates that take account of; design, manufacture, and support costs; allowances; overheads; profit, Government Furnished Assets & Resources, historical costs, and Estimating Maturity Assessment levels.
8. Development of robust cost models that satisfy independent Verification & Validation scrutiny.
9. Knowledge of quantitative assessment of uncertainty, cost, schedule risk assessment and awareness of Risk Management approach and the costing of Risk within the cost models.
10. Experience of assisting the Bid Winning process.
11. Strong verbal, presentation, and report-writing skills.
12. Ability to travel to client sites across UK as required.

Desirable:

1. Membership of a professional body.
2. Experience working in a consultancy environment or with government clients.
3. Knowledge of and application of Visual Basic.
4. Independent Verification and Validation against 3rd party supplied cost models.
5. Knowledge of Earned Value Management (EVM).
6. Application of Risk tools such as @Risk, ModelRisk etc.