Lead Cost Engineer - PSC

Wood Plc; Reading; On-site; GBP 60,000 - 90,000; Full time

Job summary

A leading engineering consultancy is seeking an experienced Cost Engineer to oversee financial planning and cost control within their Venture Management Team in Reading, UK. The role demands expertise in cost estimation and budgeting, with key responsibilities including managing project budgets, conducting financial analyses, and collaborating with project management teams. A strong background in SAP and experience in large Oil and Gas projects are highly desirable. Join a dynamic team where you can drive efficiency and cost effectiveness.

Qualifications

• Strong technical expertise in cost estimation and financial planning.
• Experience in managing project budgets and forecasts.
• Capable of assessing financial risks and implementing cost control measures.

Responsibilities

• Oversee financial planning and cost control for the project.
• Develop comprehensive cost estimates and budgets.
• Monitor expenditures and track variances against budgets.

Skills

Cost estimation

Financial analysis

SAP knowledge

Budget management

Risk assessment

Job description

The Cost Engineer will play a pivotal role within the Venture Management Team, overseeing financial planning and cost control for the project. This position requires strong technical expertise in cost estimation, SAP, financial analysis, and reporting. The incumbent will be responsible for managing project budgets, forecasting expenditures, assessing financial risks, and ensuring overall cost efficiency. The role also involves close collaboration with project management teams, licensors, and contractors, particularly in areas such as contracts, change orders, and negotiations.,

• Cost Estimation & Budgeting: Develop comprehensive cost estimates, budgets, and financial forecasts for large-scale capital projects.
• Cost Control & Monitoring: Monitor project expenditures, track variances against approved budgets, and implement corrective measures.
• Financial Analysis: Conduct risk assessments, evaluate contractor cost reports, and provide insights to support decision-making.
• Reporting: Prepare detailed monthly and ad-hoc cost reports for senior management, ensuring accuracy and transparency.
• Contract Support: Deliver cost engineering expertise during contract bidding, negotiations, and the review of change orders and claims.
• Process Improvement: Recommend enhancements to cost engineering methodologies, standards, and best practices to drive efficiency and consistency.
  Experienced Cost Engineer
• SAP knowledge
• Ideally Licensor/Client experience
• Experience of working on large projects/Oil and Gas