Cost Manager

JR United Kingdom; Leiston; On-site; GBP 40,000 - 60,000; Full time

Job summary

A leading company in the UK is seeking a Cost Engineer to join their PMO team for a major nuclear project. The role involves ensuring accurate project cost information and collaborating closely with finance and commercial teams. Candidates should have a strong background in cost engineering and project controls, with excellent analytical skills and proficiency in relevant tools. This position offers a unique opportunity to contribute to the UK's Net Zero targets through effective cost management.

Qualifications

• Educated to professional standard with membership of an appropriate body.
• Experience in Project Controls within a Major Programme environment.
• Working knowledge of cost engineering functions.

Responsibilities

• Support delivery of accurate project performance information.
• Administer effective cost control for the Restoration and Renewal programme.
• Drive cost performance reporting including EV analysis.

Skills

Cost engineering

Cost control

Cost analysis

Excel

Microsoft Office

Communication

Attention to detail

Problem solving

Earned Value Methodologies

Education

Degree level or equivalent

Tools

PRISM

EcoSys

Cobra

Job description

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Do you have previous experience in working within Project Controls in a Major Programme environment?

Can you demonstrate an understanding and working knowledge of Earned Value Methodologies?

Would you like to be a part of the UK’s next major nuclear new build project and play a key role in contributing to the UK’s Net Zero targets?

The Opportunity

The Cost Engineer is part of the PMO team, reporting directly to the Cost Lead, and will support the delivery of accurate and timely project information relating to performance against the project baseline. Responsible for administering effective cost control, as part of the Restoration and Renewal (R&R) programme’s integrated delivery team. You will drive the cost performance reporting for the Programme including EV analysis associated with key commitments and expenditures.

Your duties and responsibilities will be:

This role will encompass responsibility for the collation and analysis of Programme Cost Information in accordance with the Cost Management Policy and Procedures, supporting adherence to timely and accurate submissions from the Project Teams. Close liaison with the Commercial and Finance teams to ensure accurate accruals and contract cost performance is captured appropriately and effective analysis is undertaken against the baseline.

Key responsibilities will be:

• Supporting the Cost Lead with the implementation of appropriate cost systems, procedures and working templates
• Support to Project teams to ensure timely and accurate cost information submission on a regular basis, to include reporting on EAC, ETC, ACWP and comparison to the baseline
• Tracking of actual costs against appropriate cost control structures
• Support the Cost Lead in executing cost re-baseline exercises, forecast and budget updates as appropriate
• Undertake analyses of the Project Cost information to support Programme objectives including earned value, trend analysis
• Work closely with the finance and commercial teams to ensure accurate accruals and contract costs are included within the overall EAC and performance reports.
• Analysis of Change Requests ensuring cost data is correctly identified/coded (CBS) and change requests are aligned with budgets
• Responsible for supporting the project teams in the use of the cost tools, acting as point of contact for basic user support/training

Here's What You'll Need

• Educated to professional standard and membership of an appropriate body and to degree level or equivalent
• Excellent Excel and Microsoft Office skills
• Ability to communicate cost and performance information to peers/managers
• Pro-active and able to thrive in a fast-past and dynamic environment
• Good attention to detail and skilled in interpreting and analysing cost data
• Comfortable with challenging assumptions and processes in order to constantly improve the delivery of performance data
• Working knowledge of cost engineering functions, including cost estimating, cost control, and cost analysis
• Experience of identifying, analysing, and solving problems
• Good understanding and working knowledge of Cost engineering and forecasting tools (such as PRISM/ EcoSys/ Cobra)
• Understanding and working knowledge of Earned Value Methodologies
• Experienced in working within Project Controls in a Major Programme environment

Millbank Holdings Ltd is an equal opportunities employer and respects diversity. We welcome applications from all suitably qualified persons who are eligible to live and work in the UK.

Millbank is proud to be a member of the ‘Disability Confident Scheme’. Millbank operates as an Employment Agency and Business.