Strategic Cost Engineer: Investment Insight & Modelling

Anglian Water Services Ltd; Peterborough; Hybrid; GBP 52,000 - 64,000; Full time

Benefits offered by this job

Private healthcare

26 days annual leave plus bank holiday

Flexible working options

Competitive pension scheme

Anglian Water double-matches up to 7%

Life assurance at eight times salary

Annual bonus scheme

Personal accident cover

Virtual GP service

Inclusion at Anglian Water

Job summary

Anglian Water Group in Peterborough seeks a Strategic Cost Engineer to lead and assure strategic TOTEX estimates across major investment programmes, developing cost models for planning, regulatory submissions and decision making.

You will provide expert challenge on project estimates, analyse cost trends and support capital investment plans while driving improvements in data governance and cost intelligence across the organisation.

Qualifications

• Degree‑level qualification (or equivalent) in Engineering, Quantity Surveying, Mathematics or a related technical discipline.
• Significant experience developing and assuring estimates using cost models within large‑scale programmes.
• Experience working within a regulated industry and supporting business planning or price review activities.
• Strong understanding of estimating, cost modelling, cost assurance and governance principles.
• Excellent analytical, problem‑solving and data interpretation skills.
• Experience working with complex datasets, modelling tools and business systems.
• Strong stakeholder management skills with the ability to influence and challenge constructively at all levels.
• Excellent communication skills, with the ability to translate complex technical information into clear business insight.

Responsibilities

• Lead the development, assurance and governance of strategic TOTEX estimates across major investment programmes.
• Manage and continuously improve Anglian Water's Corporate Cost Estimation System and associated methodologies.
• Develop, maintain and validate cost models that support business planning, investment decisions and regulatory submissions.
• Provide expert challenge and assurance on project estimates, forecasting assumptions and cost intelligence outputs.
• Analyse cost trends, inflation impacts and efficiency opportunities to support strategic decision-making.
• Support the development of capital investment plans and commercial budgets through robust, evidence‑based cost analysis.
• Lead cost intelligence activities including benchmarking, performance reporting and cost‑efficiency assessments.
• Provide technical oversight of cost data collection, governance and assurance processes.
• Work closely with stakeholders across the business to improve forecasting accuracy, data quality and commercial decision‑making.
• Produce clear, defensible reports and evidence packs to support regulatory submissions and audit activities.
• Deliver training, guidance and support to colleagues, helping to build estimating and cost modelling capability across the organisation.
• Drive continuous improvement across systems, processes and methodologies to strengthen cost intelligence and business performance.

Skills

Analytical skills

Stakeholder management

Cost estimation experience

Education

Degree-level qualification in Engineering, Quantity Surveying, Mathematics or related technical discipline

Tools

Cost models

Data governance systems

Job description

Anglian Water Group in Peterborough seeks a Strategic Cost Engineer to lead and assure strategic TOTEX estimates across major investment programmes, developing cost models for planning, regulatory submissions and decision making.

You will provide expert challenge on project estimates, analyse cost trends and support capital investment plans while driving improvements in data governance and cost intelligence across the organisation.