Principal Cost Estimator

BAE Systems; Preston; Hybrid; GBP 43,000 - 50,000; Full time

Job summary

Join a leading defense and engineering company as a Principal Cost Estimator. You will manage cost estimation processes, support contract management, and lead a team. Enjoy a hybrid working environment and excellent benefits including a pension scheme and flexible working options.

Benefits

Competitive pension scheme

Enhanced annual leave allowance

Company contributed Share Incentive Plan

Flexible working

Employee assistance programme

Cycle2work

Employee discounts

Annual incentive eligibility

Qualifications

• Experience in Cost Estimation for major projects.
• Previous line management experience.

Responsibilities

• Support management in resource governance and contract management.
• Develop and manage Labour and Material Cost Models.
• Provide advice on estimating and pricing.

Skills

Data Analysis

Critical Thinking

Problem-Solving

Education

Degree Level Qualification

Tools

Microsoft Excel

Job description

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BAE Systems | Defence & Engineering | Lead Recruitment Specialist | Maritime Submarines

Job Title: Principal Cost Estimator

Location: Barrow-in-Furness. We offer a range of hybrid and flexible working arrangements – please speak to your recruiter about the options for this particular role.

Salary: £43,000+ depending on skills and experience

What You’ll Be Doing

• Supporting management in the resource and governance to the Programme teams across the business including bid-related activity, ongoing contract management and outturn forecasting up to and including Final Pricing, across the full (LCM) Life Cycle Management spectrum, in accordance with the (E2E) End-to-End Estimating Process
• Developing, managing, configuring and owning Labour and Material Cost Models, to support major Programmes as they progress through the Programme Life Cycle
• Providing advice to the Cost Estimators and the business on estimating, pricing, contract terms, inflation and variation of price issues as they relate to bidding and performing contracts
• Managing the development and interpretation of relevant Programme metrics that support the understanding and forecasting of cost, schedule or quality performance against the baseline plan or reconciliation with the contract price
• Managing and resolving customer queries (internal and external) and issues in areas of responsibility, escalating significant problems as appropriate and highlighting trends and emerging issues
• Managing the effective performance of Commercial employees who report to this position, taking responsibility for the professional development of these direct reports
  
  

Essential

Your skills and experiences:

• Degree Level Qualification or equivalent by experience within Cost Estimation in major projects
• Previous experience in line management
• Microsoft Packages, in particular Excel
• Data Analysis, critical thinking and problem-solving skills
  
  

Desirable

• Experience in different estimating toolsets such as Monte Carlo, parametric, and propricer
  
  

Benefits

You’ll receive benefits including a competitive pension scheme, enhanced annual leave allowance and a Company contributed Share Incentive Plan. You’ll also have access to additional benefits such as flexible working, an employee assistance programme, Cycle2work and employee discounts – you may also be eligible for an annual incentive.

The Commercial Estimating Team

You will be working as part of the Commercial Estimating function, the role is responsible for first line management of the team and is responsible to work closely with all areas of the business, across a broad spectrum of tasks, from facility business cases to design studies to whole boat pricing that will give you an excellent understanding of the business unit and how it operates.

Your primary involvement will be in a managing and leading role, to support the business through the creation of cost and price estimates, in relation to the management of existing contracts and the capture of new business, through the supply of critical data and analysis in support of key business decision. We offer relocation support packages across all Submarines roles, subject to meeting eligibility criteria.

Why BAE Systems?

This is a place where you’ll be able to make a real difference. You’ll be part of an inclusive culture that values diversity, rewards integrity, and merit, and where you’ll be empowered to fulfil your potential. We welcome candidates from all backgrounds and particularly from sections of the community who are currently underrepresented within our industry, including women, ethnic minorities, people with disabilities and LGBTQ+ individuals. We also want to make sure that our recruitment processes are as inclusive as possible. If you have a disability or health condition (for example dyslexia, autism, an anxiety disorder etc.) that may affect your performance in certain assessment types, please speak to your recruiter about potential reasonable adjustments.

Please be aware that many roles at BAE Systems are subject to both security and export control restrictions. These restrictions mean that factors such as your nationality, any nationalities you may have previously held, and your place of birth can restrict the roles you are eligible to perform within the organisation. All applicants must as a minimum achieve Baseline Personnel Security Standard. Many roles also require higher levels of National Security Vetting where applicants must typically have 5 to 10 years of continuous residency in the UK depending on the vetting level required for the role, to allow for meaningful security vetting checks.

Closing Date: 25th May 2025

We reserve the right to close this vacancy early if we receive sufficient applications for the role. Therefore, if you are interested, please submit your application as early as possible.

Seniority level

• Seniority level

  Mid-Senior level

Employment type

• Employment type

  Full-time

Job function

• Job function

  Management and Manufacturing

• Industries

  Defense and Space Manufacturing

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