Cost Engineer: Project Financials & Value Forecasting

BILFINGER; Hull and East Yorkshire; On-site; GBP 52,000 - 76,000; Full time

Job summary

Bilfinger UK Limited is seeking a Cost Engineer to support Finance & Controlling across major projects, providing key financial data, cost control and forecasting to improve asset performance and project profitability.

You will work with SAP and Power BI, manage subcontractor agreements and valuation processes, respond to compensation events, and help prepare cash flow forecasts and payment applications in a compliant, timely manner.

Qualifications

• Experience on major Construction Projects
• Proven ability to provide financial data for month-end processes
• Knowledge of contract and subcontract management

Responsibilities

• Provision of key financial data for internal month end P&L submissions
• Remeasurement / checking of BOQ updates
• Forecasting actual versus budget
• Risk Analysis i.e. best case, worst case & most likely for cost & value
• Cost provisions/accruals including third party materials, subcontractors, plant, etc
• Weekly cost ledger analysis using the BUK financial systems i.e. SAP, Power BI
• Competent knowledge of each subcontract agreement
• Management of Early Warning notifications from each subcontractor
• Value Determination i.e. Cost to Date & Forecasts to Complete
• Change Management i.e. response to, assessment & client notification of compensation events
• Compilation of data for inclusion in main payment application
• Facilitation of subcontractor progress / update meetings
• Agreement of subcontractor valuations & payment certificates
• Cash flow forecasts
• Commercial auditing of each subcontract including payment applications, rates & claims
• Showing innovation to improve company contribution margin

Skills

Cost engineering

Financial analysis

Budget forecasting

Contract management

Risk assessment

SAP

Power BI

Tools

SAP

Power BI

Job description

Bilfinger UK Limited is seeking a Cost Engineer to support Finance & Controlling across major projects, providing key financial data, cost control and forecasting to improve asset performance and project profitability.

You will work with SAP and Power BI, manage subcontractor agreements and valuation processes, respond to compensation events, and help prepare cash flow forecasts and payment applications in a compliant, timely manner.