Enable job alerts via email!

Project Cost Control Engineer

London City Airport

London

On-site

GBP 35,000 - 55,000

Full time

2 days ago

Be an early applicant

Boost your interview chances

Create a job specific, tailored resume for higher success rate.

Job summary

London City Airport is looking for a Project Cost Control Engineer who will be integral in managing and overseeing the financial details of various projects. This role demands excellent analytical skills and a background in Engineering or Finance, along with the ability to work collaboratively to ensure projects remain within budget. Successful candidates will have experience in cost management and proven skills in financial reporting and negotiation.

Benefits

Free onsite parking

Discounted Private Medical Insurance

Access to onsite Physiotherapist

Discounted Gym Membership

Staff discounts at retailers and restaurants

Salary sacrifice pension scheme

Bereavement Counselling

Cycle 2 Work scheme

Hastee Pay Advances

25 Days Annual leave

Qualifications

Experience in cost control and financial management, ideally in an airport or construction environment.
Strong understanding of cost management principles, budgeting, and forecasting.
Excellent communication skills to present financial information to non-financial stakeholders.

Responsibilities

Oversee the financial aspects of all projects at London City Airport.
Assist in the preparation of detailed project budgets.
Track actual project costs against the approved budget.

Skills

Cost Management

Budgeting

Financial Reporting

Analytical Skills

Negotiation

Education

Degree in Engineering, Quantity Surveying, or Finance

Certified Cost Professional (CCP)

Project Management Professional (PMP)

Tools

SAP

Oracle

MS Dynamics

MS Excel

Join to apply for the Project Cost Control Engineer role at London City Airport

2 days ago Be among the first 25 applicants

Join to apply for the Project Cost Control Engineer role at London City Airport

A crucial role within the newly formed PMO, responsible for overseeing managing and overseeing the financial aspects of all projects at London City Airport, ensuring that costs are controlled and aligned with the budget throughout the project lifecycle.

The Cost Control Engineer will work closely with the project and procurement teams to forecast and manage costs, track actual expenditures, control the cost of change, and cost variances.

You will be responsible for implementing cost control processes, identifying opportunities for cost savings and challenging Project Managers and suppliers on cost estimates.

Project budgeting and Cost Estimation:

Assist in the preparation of detailed project budgets, ensuring all relevant cost factors are included.
Work with suppliers, project managers and engineering teams to develop cost estimates based on project specifications, timelines, and scope.
Assist the preparation of tender documents and supplier selection process to ensure value for money and quality standards are maintained.
For non-construction projects, this may include budgeting for IT systems, equipment, and operational improvements.
Work with procurement and contract management teams to ensure that vendor contracts and procurement activities align with cost forecasts.

Cost Monitoring and Tracking:

Monitor actual project costs against the approved budget to ensure spending is within limits.
Track all project-related expenditures, including labour, materials, equipment, and subcontractor costs.
Ensure all costs are correctly coded and allocated to the appropriate project tasks or work packages.
Analyse any variances between actual costs and budgeted costs, identifying the root cause of cost overruns or savings.
Lead on dispute resolution with contractors and suppliers.
Provide recommendations to the project team on how to mitigate cost overruns or take advantage of cost savings.
Prepare regular financial reports, including cost performance analysis, budget variances, and cost-to-complete forecasts.
Generate weekly/monthly cost control reports for internal stakeholders, highlighting any risks or deviations from the budget.
Provide cash flow forecasts based on project progress and planned expenditures.

Change Order Management:

Track and evaluate the financial impact of change orders and variations, ensuring that they are properly documented and approved.
Update the project budget and forecasts to reflect any changes in scope and provide feedback to the project manager on potential cost impacts.
Ensure that contract terms are adhered to, especially in relation to cost changes and payment terms.

Risk Management and Mitigation:

Identify potential financial risks related to cost overruns, delays, or scope changes, and propose mitigation strategies.
Support the project manager in managing contingencies and financial reserves to cover unforeseen expenses.
Regularly review the project cost plan to ensure that risks are accounted for and managed effectively.
Project budgeting and Cost Estimation:
Assist in the preparation of detailed project budgets, ensuring all relevant cost factors are included.
Work with suppliers, project managers and engineering teams to develop cost estimates based on project specifications, timelines, and scope.
Assist the preparation of tender documents and supplier selection process to ensure value for money and quality standards are maintained.
For non-construction projects, this may include budgeting for IT systems, equipment, and operational improvements.
Work with procurement and contract management teams to ensure that vendor contracts and procurement activities align with cost forecasts.

Education & Training:

Degree in Engineering, Quantity Surveying, Finance, or a related field.
Professional certification (e.g., Certified Cost Professional [CCP], Project Management Professional [PMP], or equivalent).
Experience in cost control, financial management, or project accounting, ideally in an airport or construction environment.

Specialist Skills & Knowledge:

Experience of working across teams and multidisciplinary work streams, including construction project planning, quality control, CDM.
Proficient in cost control and financial software, such as SAP, Oracle, MS Dynamics or MS Excel.
Strong understanding of cost management principles, budgeting, and forecasting.
Knowledge of cost estimation techniques, earned value management (EVM), and financial reporting.
Negotiation skills for dealing with contractors and stakeholders
Understanding of construction processes and materials
Legal knowledge of construction contracts and industry standards
Excellent communication skills to present financial information to non-financial stakeholders
Strong analytical and problem-solving skills to manage complex cost data

This role will require the individual to have CTC Clearance

Working Hours:

Full time, Monday - Friday

Free onsite parking
Access to discounted Private Medical Insurance for you and immediate family
On site Physiotherapist
Discounted Gym Membership at many local facilities
Staff discounts at most of retailers on site & some local restaurants & hotels
Access to Salary sacrifice pension scheme
Bereavement Counselling
Cycle 2 Work salary sacrifice scheme
Hastee Pay Advances
25Days Annual leave
Performance related bonus
LCY Central discount website
Annual Season Ticket Loan
Holiday Buy scheme (Ability to purchase up to 1 weeks A/L per year)

Seniority level

Seniority level
Entry level

Employment type

Employment type
Full-time

Job function

Job function
Management and Manufacturing
Industries
Airlines and Aviation

Referrals increase your chances of interviewing at London City Airport by 2x