Cost Engineer

Turner & Townsend; England; On-site; GBP 40,000 - 60,000; Full time

Benefits offered by this job

Flexible working environment

Opportunity for career growth

Inclusive workplace culture

Job summary

A global professional services firm in the United Kingdom is seeking a Cost Engineer to support major projects with accurate cost performance reporting and control. The ideal candidate will be a qualified graduate with experience in project controls and cost engineering across various sectors. Responsibilities include developing cost tracking structures, forecasting project costs, and ensuring alignment with financial standards. The firm promotes a flexible work environment and values diversity and inclusion.

Qualifications

• Proven working experience in project controls services.
• Experience in delivering cost engineering across multiple sectors.
• Ability to define project cost procedures and standards.

Responsibilities

• Drive cost performance reporting for projects.
• Develop project cost control data structures.
• Track actual costs against budget constraints.
• Build project forecasts and estimates at complete.
• Report project information accurately and timely.

Skills

Cost engineering

Earned Value Management

Cost management systems

Project lifecycle management

Education

Qualified graduate in a relevant discipline

CIMA qualified

Tools

Prism

Ecosys

SAP

Oracle

Job description

Turner & Townsend is a global professional services company with over 22,000 people in more than 60 countries.
Working with our clients across real estate, infrastructure, energy and natural resources, we transform together delivering outcomes that improve people’s lives. Working in partnership makes it possible to deliver the world’s most impactful projects and programmes as we turn challenge into opportunity and complexity into success.
Our capabilities include programme, project, cost, asset and commercial management, controls and performance, procurement and supply chain, net zero and digital solutions.
We are majority-owned by CBRE Group, Inc., the world’s largest commercial real estate services and investment firm, with our partners holding a significant minority interest. Turner & Townsend and CBRE work together to provide clients with the premier programme, project and cost management offering in markets around the world.
Please visit our website: www.turnerandtownsend.com

Job Description

Cost Engineers support major projects and organisations in the delivery of accurate and timely project information relating to performance against the project baselines. The cost engineer would drive the cost performance reporting for the project including all Earned Value Management metrics associated with key project commitments and expenditures.

Duties

• Development of project cost control data structures to accurately track and control actual costs
• Establishing and setting the project control budget aligned with agreed baselines
• The tracking of actual costs both for internal and external expenditure against the cost controls structures
• The tracking and control of project accruals and commitments against set budget constraints
• The build of project forecast to include for estimated work to complete (ETC) and the development of the estimate at complete (EAC)
• The accurate and timely reporting of all project information including Earned Value Management
• The tracking of project contingency and exposure associated with risk events and remaining risks on the project
• The tracking of project change control to ensure alignment with agreed baselines and control data structures
• The tracking of key project trends which can inform future change controls

Qualifications

Typically, a qualified graduate in a relevant discipline with proven working experience in the delivery of project controls services for major projects or programmes. Additionally, we would welcome applicants who are CIMA qualified.

Experience

Delivered cost engineering across a range of major projects, preferably across multiple sectors. Worked across the full project lifecycle including for pre-investment decision, design development, execution, and commissioning phases.

Has experience in working to cost engineering procedures and processes, and the ability to define project cost procedures and standards to which the project and/or programme will adhere to.

Highly conversant with cost management systems such as Prism and Ecosys, including for the interface with corporate finance systems such as SAP and Oracle. The cost engineer would have an appreciation of business rules, and how project funding and performance aligns with business financial account requirements within the project or programme environment.

Additional Information

Our inspired people share our vision and mission. We provide a great place to work, where each person has the opportunity and voice to affect change.

We want our people to succeed both in work and life. To support this we promote a healthy, productive and flexible working environment that respects work-life balance.

SOX control responsibilities may be part of this role, which are to be adhered to where applicable.

Turner & Townsend is an equal opportunity employer. We celebrate diversity and are committed to creating an inclusive environment for all employees and actively encourage applications from all sectors of the community.