Junior Cost Engineer

Ansaldo Nuclear Limited; Wolverhampton; On-site; GBP 30,000 - 40,000; Full time

Benefits offered by this job

Job summary

Ansaldo Nuclear Limited is seeking a Junior Cost Engineer to implement, administer and maintain cost control systems for tracking project budgets, scope delivery, expenditures and forecasts.

The role involves monthly updates of expenditures, forecast reviews with project managers, and close collaboration with finance to ensure accurate reporting and timely invoicing. Knowledge of Excel, data analysis and project controls is beneficial.

Qualifications

• Bachelor’s degree required with analytical capability and attention to detail.
• Strong numerical and data interpretation skills required.
• Experience with budgets, forecasts, and cost control processes preferred.
• Ability to communicate with stakeholders at all levels and manage multiple priorities.
• Experience with project controls and cost reporting is advantageous.

Responsibilities

• Monthly update of actual expenditures and allocation to projects and WBS codes.
• Hold monthly forecast reviews with PMs and budget holders to ensure accuracy and realism.
• Challenge variances to understand root causes and implications for the project.
• Produce timely internal and external reports on cost performance and forecasts.
• Manage budget for contract variations and support commercial with quotations.
• Prepare detailed payment applications for client submission where applicable.
• Serve as main point of contact for client audits and forecast/cost queries.
• Assist with monthly invoicing, cash forecasting, and variance explanations.
• Collaborate with finance to resolve reporting queries and support financial closure.
• Support company-wide reporting and Value of Work Done assessments on live outsourced work.

Skills

Analytical thinking

Attention to detail

Time management

Communication

Problem solving

Team collaboration

Budget control

Forecasting

Education

Bachelor’s degree

Tools

Excel

VBA

SQL

Primavera P6

SAP S/4Hana

Job description

The Junior Cost Engineer's role is to implement, administer and maintain cost control system, with particular focus on procedures to track project budgets, scope delivery, expenditures and forecasts.

Key activities (not exhaustive)

• Monthly update of actual expenditures, ensuring they are all validated and allocated to the correct projects and WBS codes
• Hold formal forecast reviews on a monthly basis with PM and key project budget holders, ensuring values and monthly phasing of forecasts are accurate, realistic and within approved budgets
• Challenge budget holders on variances applying a level of professional approach, in order to understand the underlying causes and implications for the project and the business.
• Production of timely and accurate internal and external reports
• Managing the budget for the contract variations, assisting the commercial function with the production of quotations
• Where applicable, produce detailed payment applications for submission to the client
• Main point of contact for client audits and general queries on forecasts, applications, and reported costs
• Monthly invoicing, cash forecasting, and explanation for variances
• Close working with finance to deal with queries for reporting

Other activities:

• Support Company level reporting and analysis
• Assist with Value of Work Done assessments on all live outsourced work, with a particular emphasis on major subcontracts
• Identifying areas of further efficiency in the business processes and driving improvements
• Supporting colleagues on other projects where needed

Requirements:

Essential:

• Bachelor’s degree qualified
• Analytical, questioning mind, with the ability to confidently engage in dialogue with people at all levels of the organisation
• Ability to prioritise, demonstrating first class organisational and time management skills
• Attention to detail, and ability to master the details accurately with a hands‑on approach
• Strength in problem solving and investigate/resolve queries
• A friendly and approachable style
• An upbeat, positive attitude that brings energy to the team

Helpful, but not essential:

• Knowledge of Excel and Data Analysis
• Programming experience (VBA, SQL or other common language)
• Ability to produce high quality reports
• Experience within a project led or contracting business
• Knowledge of Primavera P6
• Knowledge of SAP S/4Hana
• Understanding of commercial and risk management aspects of contracts