Cost Engineer

PSR Solutions; Willenhall; On-site; GBP 80,000 - 100,000; Full time

Job summary

A leading construction contractor is looking for a Cost Engineer for a significant infrastructure project in the West Midlands. The position demands at least 2 years of relevant experience and a degree in Finance, Accountancy, or a related field. Responsibilities include cost control, collaboration with project teams, and financial reporting. Join a reputable firm and engage in a project that positively impacts the region, along with an attractive benefits package.

Benefits

Excellent benefits package

Opportunities for career progression

Long-term major project engagement

Qualifications

• Degree qualified in a relevant field (Finance / Accountancy / Construction).
• Minimum 2 years' experience as a Cost Engineer on construction projects.
• Working knowledge of finance systems and cost administration.

Responsibilities

• Assist with cost control of the project focused on labour, plant, and materials.
• Liaison with the finance team to manage DPO within tolerance.
• Support the Project Commercial team in cost reports and payment notices.

Skills

Cost control

Communication skills

Analytical skills

Education

Degree in Finance / Accountancy / Construction / Mathematics / Business

Tools

Microsoft Office

Power BI

Job description

Our client is an internationally renowned Principal Contractor working within the UK construction and infrastructure market. They provide turnkey solutions across Major Projects within rail and infrastructure, including design, engineering, project management, construction and maintenance solutions.

They are currently recruiting for a Cost Engineer (commercial, finance or accountancy), to join their established Commercial & Finance Team on a major infrastructure project in the West Midlands.

Cost Engineer roles and responsibilities :

• Working closely with the SQS / QS you will assist with the cost control of the Project, focusing on labour / plant / materials through tracking of orders and regular reconciliation of costs with budget
• Liaison with the finance team to ensure DPO (Days Payment Outstanding) remains within business tolerance.
• Proactive approach to closing out issues with invoice issues with suppliers, the Delivery Team and Finance
• Responsible for the accurate and timely cost collation, reconciliation and reporting of data from site records, time and allocation sheets.
• Collation, organisation and reconciliation of spreadsheet data and data from finance, cost and site record systems.
• Support the Project Commercial team as necessary in the preparation of cost reports, audit responses, evaluation of Sub-Contractor Applications & issuing of payment notices.
• Work closely with the Finance and project teams to ensure all processes are followed as required.
• Review of Purchase Order utilisation & notification to project teams of orders approaching or exceeding 100% utilisation.

Cost Engineer requirements :

• Degree Qualified in relevant field (Finance / Accountancy / Construction / Mathematics / Business)
• Member of Acoste / AACEI / ICEC or other professional body advantageous
• Minimum 2 years' experience as a Cost engineer with a proven track record on construction projects projects or five years' experience of Accountancy / Cost Clerk within construction.
• Working knowledge of finance systems, Cost and budget administration, Financial and commercial reporting.
• Good working knowledge of Microsoft Office and PowerBICost Engineer benefits :

Cost Engineer benefits :

• To join one of the leading construction and infrastructure contractors in the UK, with the opportunity to build and progress your career.
• Opportunity to work on a long-term major infrastructure project that will deliver substantial positive change to the West Midlands.
• Excellent benefits package and salary on offer.

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