Cost Engineer

First Recruitment Group; Reading; On-site; GBP 60,000 - 80,000; Full time

Job summary

First Recruitment Group is seeking a Cost Engineer to join a major UK infrastructure programme in Reading. The role focuses on delivering accurate cost data, performance analysis and EAC reports to support project delivery and governance.

You will liaise with stakeholders, review cost impacts, manage monthly payments and provide cost intelligence for decision making. A relevant degree, UK eligibility and SC clearance are required, with strong Excel/Office skills and EVMS experience.

Qualifications

• Bachelor's degree in Engineering, Construction Management or related discipline or equivalent experience.
• Current SC Clearance is required.
• Eligible to work in the UK and satisfy security screening requirements.
• Experience in project controls, cost engineering or cost management environments.
• Experience of forecasting, statistical analysis, quantity take-offs and financial reporting.
• Knowledge of project financial reporting systems and control account structures.
• Experience of earned value management, progress measurement, forecasting and reporting.
• Strong analytical, written and verbal communication skills.
• Proficient in Microsoft Excel, Word and PowerPoint.
• NEC3/NEC4 contract administration knowledge is desirable.

Responsibilities

• Liaise with stakeholders to deliver accurate cost reports, performance analysis and variance reporting.
• Review and interpret cost impacts from performance issues, inflation, trends, FX and changes.
• Produce and maintain Estimate at Completion (EAC) data and cost reports.
• Review, accept and integrate supplier cost performance data.
• Support change management processes and assess impacts on cost performance.
• Apply cost data to risk and opportunity management activities.
• Ensure compliance with project governance, cost standards and procedures.
• Assist with developing project codes of accounts and related cost control activities.
• Support estimating and cost control requirements across project disciplines.
• Assist in preparing and issuing monthly project control reports.
• Maintain understanding of cost vs schedule performance.
• Support continuous improvement initiatives and project reviews.
• Provide support to Project Controls leadership and wider project teams.

Skills

Cost engineering

Forecasting

Earned value management

Performance reporting

Analytical skills

Communication skills

Education

Bachelor's degree in Engineering/Construction Management

Tools

Excel

Word

PowerPoint

Job description

Cost Engineering opportunity supporting a major UK infrastructure programme.

Our Client has a requirement for a Cost Engineer, who will be required to work on a contract basis in Reading.

Role Purpose:

• Maintain and deliver timely and accurate cost data and reports at programme and project level.
• Support project delivery through performance analysis, earned value management and cost forecasting.
• Provide meaningful cost intelligence and recommendations to support project execution.
• Ensure accurate reporting against project governance requirements and reporting cycles.

Job Role Responsibilities:

• Liaise with key stakeholders to deliver accurate cost reports, performance analysis and variance reporting.
• Review and interpret cost impacts arising from performance issues, inflation, trends, foreign exchange and formal changes.
• Produce and maintain Estimate at Completion (EAC) data and associated cost reports.
• Review, accept and integrate supplier cost performance data.
• Support change management processes and assess impacts on cost performance.
• Apply cost data to risk and opportunity management activities.
• Ensure compliance with project governance, cost standards and procedures.
• Assist with developing project codes of accounts and related cost control activities.
• Support estimating and cost control requirements across project disciplines.
• Assist in the preparation and issue of monthly project control reports.
• Maintain a strong understanding of the relationship between cost and schedule performance.
• Support continuous improvement initiatives and project reviews.
• Provide support to Project Controls leadership and wider project teams as required.
• Manage monthly payment applications and invoicing activities.
• Prepare and present cost and performance reports to senior management.
• Support a range of estimating activities when required.

Experience / Skills / Knowledge / Qualifications:

• Bachelor's degree in Engineering, Construction Management or a related discipline, or equivalent relevant experience.
• Current SC Clearance is required.
• Must be eligible to work in the UK and satisfy security screening requirements.
• Experience in project controls, cost engineering or cost management environments.
• Experience of forecasting, statistical analysis, quantity take-offs and financial reporting.
• Knowledge of project financial reporting systems and control account structures.
• Experience of earned value management, progress measurement, forecasting and performance reporting.
• Strong analytical, written and verbal communication skills.
• Proficient in Microsoft Excel, Word and PowerPoint.
• Knowledge of AACE estimating classifications is desirable.
• Understanding of engineering and construction project delivery environments.
• Knowledge of NEC3/NEC4 contract administration.
• Awareness of current industry developments and best practice.
• Previous experience within highly regulated sectors is advantageous.

Company information

At First Recruitment Group we understand just how important it is to secure the right people. That is why our Recruitment Consultants always take the time to understand requirements in detail and offer sound advice to both clients and candidates. We actively recruit at all levels and this is a superb opportunity for Cost Engineers looking for new employment.

As part of putting people first, we strive to be an equal opportunities employer and we are always looking to increase the diversity of our workforce, working closely with our clients to ensure everyone is included.