Cost Engineer

Millbank Holdings; United Kingdom; On-site; GBP 80,000 - 100,000; Full time

Job summary

A leading engineering and maintenance provider is seeking two experienced Cost Engineers for permanent roles in Hull. These full-time positions involve cost control, reporting, and subcontractor management. Ideal candidates will have knowledge of NEC4 contracts, experience in major projects, and proficiency in SAP and Power BI. This role offers a living away allowance and opportunities for overtime.

Benefits

Living away allowance of GBP355.67/week

Overtime available depending on project requirements

Qualifications

• Experience in cost control, forecasting, and subcontractor management.
• Ability to conduct risk analysis and manage cost accruals.
• Analytical skills for processing financial reports.

Responsibilities

• Produce financial reports for monthly profit and loss reporting.
• Forecast actual versus budget and report variances.
• Manage cost accruals across subcontractors, plant, and materials.

Skills

Strong working knowledge of NEC4 Option B contracts

Understanding of the NAECI Agreement

Experience on major construction or engineering projects

Commercially focused with strong analytical and reporting skills

Proficient in tools such as SAP and Power BI

Tools

SAP

Power BI

Job description

Are you an experienced Cost Engineer?

Are you based locally to Hull or prepared to relocate?

Are you from a Petrochemical or Chemical background?

Cost Engineer (x2) Location: Hull (on-site)
Start Date: ASAP
Hours: 37.5 per week (Full-Time)
Contract Type: Permanent
Salary: Dependent on experience

The opportunity

A leading engineering and maintenance provider is looking to appoint two experienced Cost Engineers for permanent roles based on-site in Hull. These are full-time positions supporting large-scale industrial works, with the opportunity to contribute to cost control, forecasting, subcontractor management, and commercial performance across complex engineering environments.

Your duties and responsibilities will be

• Produce financial reports to support monthly profit and loss (P&L) reporting
  
• Re-measure and validate updates to the Bill of Quantities (BOQ)
  
• Forecast actuals versus budget and report variances
  
• Carry out risk analysis (best case, worst case, most likely scenarios)
  
• Manage cost accruals across subcontractors, plant, and materials
  
• Analyse weekly cost data using SAP and Power BI
  
• Maintain full awareness of all subcontract agreements
  
• Administer Early Warning Notices from subcontractors
  
• Support cost value reconciliation and forecasting
  
• Review, respond to, and track Compensation Events and change control
  
• Prepare data for payment applications
  
• Facilitate subcontractor meetings and progress reviews
  
• Negotiate and agree subcontractor valuations and payment certifications
  
• Develop and maintain cash flow forecasts
  
• Perform audits of subcontractor claims, rates, and progress
  
• Identify opportunities to improve margins through cost efficiencies
  

You will have the following qualifications and experience

• Strong working knowledge of NEC4 Option B contracts
  
• Understanding of the NAECI Agreement
  
• Experience on major construction or engineering projects
  
• Familiarity with Standard Method of Measurement (SMM)
  
• Commercially focused with strong analytical and reporting skills
  
• Proficient in tools such as SAP and Power BI
  

Additional Information

• Site-based role in Hull, Monday to Friday
  
• Living away allowance of GBP355.67/week for those based more than 45 miles from site
  
• Overtime available depending on project requirements
  

This is a great opportunity to join a major industrial programme in a permanent capacity with excellent long-term potential.

Millbank Holdings Ltd is an equal opportunities employer committed to creating an inclusive and diverse workforce. We welcome applications from all suitably qualified individuals, regardless of background, and encourage candidates from underrepresented groups to apply.

We are proud to be a member of the Disability Confident Scheme, and we are committed to ensuring an accessible and supportive recruitment process for everyone. If you require any adjustments at any stage, please let us know and we ll do our best to accommodate.

Millbank operates as both an Employment Agency and an Employment Business.