Cost Engineer

ERSG Ltd; Greater London; On-site; GBP 40,000 - 60,000; Full time

Job summary

ERSG Ltd seeks a proactive Cost Engineer to support cost management and forecasting across projects in the UK. You will monitor project costs, manage expenditures, and maintain accurate financial records while engaging with stakeholders across project teams.

The role requires strong accounting knowledge, Excel proficiency, and the ability to chase information to ensure timely reporting. An existing security clearance or willingness to obtain one is essential.

Qualifications

• Experience in a Cost Engineer, Cost Analyst, Project Finance or similar financial role.
• Experience in cost forecasting, financial tracking, invoicing and ledger management.
• Excellent communication and stakeholder management skills.
• A proactive, driven personality with the confidence to engage with people, chase information and resolve issues independently.
• Strong attention to detail and the ability to manage multiple priorities.

Responsibilities

• Support centralised cost forecasting and monitor expenditure across the projects.
• Track incoming and outgoing costs, maintaining accurate financial records and forecasts.
• Manage and review invoices, ensuring costs are correctly recorded and allocated.
• Maintain and reconcile financial ledgers and project cost information.
• Develop and maintain Excel spreadsheets to track costs, expenditure and forecasts.
• Liaise with project teams and stakeholders to obtain financial updates, resolve queries and validate cost information.
• Support cost reporting and investigate variances between forecast and actual expenditure.
• Proactively identify discrepancies, follow up outstanding information and support effective cost control.

Skills

Cost engineering/financial experience

Communication

Stakeholder management

Attention to detail

Multi-priority management

Education

Accounting background

Tools

Microsoft Excel

Job description

Candidates must be sole UK nationals and will need to meet the project's security clearance requirements.

The Opportunity

We are currently seeking a proactive and commercially minded Cost Engineer to support cost management and forecasting activities across projects.

This role will focus on monitoring project costs, managing incoming and outgoing expenditure, maintaining accurate financial records and supporting centralised cost forecasting. The successful candidate will combine strong financial and accounting knowledge with excellent communication skills and the confidence to engage with stakeholders across project teams.

We are looking for a driven, hands‑on individual who takes initiative, builds strong working relationships and actively follows up on financial information to ensure accurate and timely reporting.

Key Responsibilities

• Support centralised cost forecasting and monitor expenditure across the projects.
• Track incoming and outgoing costs, maintaining accurate financial records and forecasts.
• Manage and review invoices, ensuring costs are correctly recorded and allocated.
• Maintain and reconcile financial ledgers and project cost information.
• Develop and maintain Excel spreadsheets to track costs, expenditure and forecasts.
• Liaise with project teams and stakeholders to obtain financial updates, resolve queries and validate cost information.
• Support cost reporting and investigate variances between forecast and actual expenditure.
• Proactively identify discrepancies, follow up outstanding information and support effective cost control.

Key Requirements

• Experience in a Cost Engineer, Cost Analyst, Project Finance or similar financial role.
• An accounting background, ideally with a recognised accounting qualification.
• Experience in cost forecasting, financial tracking, invoicing and ledger management.
• Strong Microsoft Excel skills and confidence working with financial data.
• Excellent communication and stakeholder management skills.
• A proactive, driven personality with the confidence to engage with people, chase information and resolve issues independently.
• Strong attention to detail and the ability to manage multiple priorities.
• Existing security clearance or willingness to undergo the required clearance process.