Cost Control Specialist / Cost Controller

Taylor Hopkinson | Powered by Brunel; City of Edinburgh; On-site; GBP 30,000 - 40,000; Full time

Job summary

A leading company in Edinburgh seeks a Cost Control Specialist to manage cost frameworks and reporting. The role involves budget development, project monitoring, and collaboration with finance teams. Ideal for candidates with relevant experience or qualifications. Join a dynamic team focused on delivering accurate financial insights and supporting project success.

Qualifications

• 2 to 3 years' experience in a similar role will be considered.

Responsibilities

• Manage cost management frameworks and accurate project cost reporting.
• Develop and maintain project budgets and cost reports.
• Monitor project actuals and prepare reports for senior management.

Skills

Cost Management

Budgeting

Project Reporting

Education

Relevant Degree

Job description

Cost Control Specialist / Cost Controller

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Responsibilities:

• Deliver, maintain, and manage robust cost management frameworks, procedures, and tools with responsibility for accurate project cost reporting and analysis.
• Develop and maintain project budgets and cost reports on behalf of the Project/Package Managers, ensuring EAC (Estimate at Completion) forecasts are available at a suitable level for each financial month end, board meetings, and lenders' construction reports.
• Monitor and control project actuals, value of work done (VOWD), commitments, and forecast costs against approved budgets; prepare accurate project reports for senior management.
• Maintain a robust change control process within the project and recommend actions accordingly.
• Support package managers in variation orders (VOs) process and drawdowns from project contingency funds.
• Liaise with Planning to ensure accurate and timely control and forecasting of budgets; assess and include the impact of all change requests in the schedule.
• Supervise and monitor monthly cost reports from project contractors and/or consultants, ensuring timely and accurate accrual submissions to finance.
• Support finance in validating monthly invoice/billing requests from contractors and/or consultants, ensuring they are correct and in-line with approved budgets; challenge variations as needed.
• Participate in cost and estimate risk analysis sessions as required.
• Work closely with the Finance Team.

Requirements:

• Relevant degree qualification is preferred but not essential.
• Candidates with 2 to 3 years' experience in a similar role, even with lesser qualifications, will also be considered.

Seniority level

• Entry level

Employment type

• Full-time

Job function

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