Senior Cost Engineer

Nuclearinst; Ipswich; On-site; GBP 60,000 - 90,000; Full time

Job summary

Senior Cost Engineer at Nuclearinst will own cost and forecasting management for a defined Programme/Area, ensuring accurate spend analyses and plans align with CBS/WBS standards. You’ll work with IPC/PCM teams and Tier 1 contractors to validate data and drive informed decisions.

You will lead cost/forecasting coaching, deliver high-quality reporting, and support scenario planning, risk reviews, and Board updates in a regulated nuclear environment.

Qualifications

• Minimum of HND or equivalent qualification in project management, project controls, engineering, or related field.
• Cost and Forecasting specific qualifications or equivalent.
• Over ten years in a senior cost/forecasting role within a complex, regulated industry.

Responsibilities

• Be the face of Cost and Forecasting management for the Programme/Area, communicating with stakeholders.
• Produce and maintain accurate cost and forecasting in line with CBS/WBS structures.
• Collaborate across teams to ensure data integrity in EcoSys, SAP and Power BI dashboards.
• Support programme Directors with issue reviews, scenario planning and risk/opportunity analysis.
• Lead training on Cost and Forecasting tools for teams and junior members.
• Ensure timely delivery of cost/forecasting reports with insightful commentary.

Skills

Cost forecasting

Stakeholder comms

Analytical thinking

Collaboration

Problem solving

Leadership

Data analysis

Education

HND or equivalent in project management

Cost & Forecasting qualifications

Tools

EcoSys

Power BI

SAP

MS Office

Teamcenter

Job description

Job Title: Senior Cost Engineer

Location: Somerset Energy innovation Centre

Pay: PAYE £485.32 or Umbrella £673.98

Job ID: 2101

Principal Accountabilities

- The Senior Cost Engineer will be the face of Cost and Forecasting management in their nominated Programme/Area in the Project, bringing confidence to stakeholders that they are performing the right steps to identify, analyse, respond to and manage their Cost and Forecasting outputs.

- Produce and maintain accurate cost and forecasting in alignment with the Cost Breakdown Structure or Work Breakdown

Structure (CBS/WBS);

- Act as a role model for the effective collaboration with colleagues within and across organisational boundaries to achieve

mutually successful outcomes in keeping with the HPC project values of \"Humility, Positivity, Respect, Solidarity and Clarity\" and culture of \"Trust, Transparency and Teamwork\"

- Providing assurance of the maintenance of all Cost and Forecasting data for the Programme/Area within the Cost and Forecasting software system e.g. EcoSys, SAP

- Assurance of the delivery of Cost and Forecasting reports to a defined reporting cycle, including commentary on key time related drivers and performance issues ensuring the quality of the output

- The Senior Cost Engineer will support the Programme/Area Directors implement Cost and Forecasting management by:

o Reviewing and challenging the significant issues that may impact programme objectives

o Supporting issue and opportunities reviews and workshops and specialist Cost and Forecasting focussed

sessions (i.e. scenario planning).

o Analysis of Cost and Forecasting data and the connection of this data across the Project, in conjunction with

the project controls managers and risk leads.

o Challenging the uncertainties of Cost and Forecasting data over time to allow prioritisation and decision

making.

o Ensuring a comprehensive Cost and Forecasting portfolio is maintained and reflective of the current project

position.

- Working with colleagues in IPC to ensure that the Project schedule and cost estimates are informed by high quality risk

information (at delivery and portfolio levels).

- Work with the PCM's to support the programme/area teams and where appropriate Tier 1 Contractors to assess contractorheld

Cost and Forecasting data and their views on Programme-held risks and opportunities that impact upon them.

- Identify enhancements to integrated Cost and Forecasting management procedure, process, reporting and tools.

- Accountable for the production and presentation of accurate, insightful project controls information at the Programme

Reviews and Board Meetings, ROTCs, Portfolio Risk Review as required.

- Responsible for the management and verification of information within the PowerBI dashboards and providing proposals

for improvement from the Programme/Area teams.

- Lead Cost and Forecasting management and Cost and Forecasting software specific training to the Programme/Area team,

PM community and apprentices and provide recommendations of additional training requirements, or improvements to

existing training.

- Effective collaboration, leadership and management of colleagues within and across organisational boundaries to achieve

mutually successful outcomes.

Knowledge, Skills, Qualifications & Experience

Knowledge & Skills

• Able to deliver accurate and concise Cost and Forecasting insights to drive evidence-based decision making, utilising commercial and technical information, to influence project decisions and support the management of risks/opportunities.


• Understanding and/or practical experience of wider project controls disciplines enabling Cost and Forecasting management to be integrated with schedule, risk and change, and provide assurance that Cost and Forecasting reporting and outputs of Cost and Forecasting analysis aligns with other project data.


• Understands how the impact of changes/decisions may impact the programme/area delivery.


• Excellent analytical, critical thinking and problem-solving skills.


• Proven ability to facilitate Cost and Forecasting conversations with colleagues at all levels, including Executive and Director leadership.


• Effectively communicates complex issues and concepts (unique insights) in simple ways, to both technical and non-technical senior audiences.


• Strong organisational and time management skills, with the ability to prioritise and delegate tasks to other team members.


• Possesses high work standards and sets ambitious, yet attainable goals. Constantly drives to streamline and simplify to deliver business value.


• Ability to effectively collaborate with colleagues within and across organisational boundaries to achieve mutually successful outcomes.


• Ability to assure the quality of others work supporting them in developing to effectively deliver outputs.


• Ability to expertly use and guide others in the use of Cost and Forecasting management software;


• Ability to draw from best practice across industry to implement changes for improved performance.


• May have experience in line management, coaching and career development of junior members of teams.

Qualifications & Experience

• Minimum of HND or equivalent qualification in project management, project controls, engineering, or another related field


• Cost and Forecasting Specific Qualifications or equivalent


• Experience in a Project Management environment


• At least ten years senior level experience in a Cost and Forecasting team in a complex, highly regulated industry (ideally nuclear or energy) working in a role, which requires active integration management and senior level influencing with multiple stakeholders.


• Demonstrable experience of working as an expert in a project controls discipline.


• Expert knowledge of Cost and Forecasting including the tools, and a variety of techniques used to deliver project insight and assess performance


• Experience of working on a major construction project is desirable but not necessary


• Experience of working in the Nuclear Industry or other highly regulated industry is desirable but not necessary


• May have proven leadership experience and experience of supporting a team to maximise the delivery of a team.


• Tools and Software


• The jobholder will be expected to have expertise in the use and supporting training of others, of the following (or similar equivalent) software tools:


• Microsoft Office software (Excel, Word, PowerPoint, Access);


• Teamcenter (Document Control).


• EcoSys (Cost, Changes, Earned Value Management).


• Power BI (Business Intelligence Analytics).


• SAP (Financial).