Strategic Cost Engineer - Water Investment & Modelling

Anglian Water Services; Peterborough; On-site; GBP 52,000 - 64,000; Full time

Benefits offered by this job

Private healthcare

Pension scheme (double matching)

Life assurance

Annual bonus

Flexible working

26 days annual leave

Job summary

Anglian Water Services in Peterborough seeks a Strategic Cost Engineer to advance cost intelligence across major investment programmes. You will develop, assure and improve cost estimates, models and governance to underpin investment planning, regulatory submissions and programme delivery.

You will work with Commercial, Finance, Regulation and Delivery teams, challenging assumptions and driving data-driven decision-making with a focus on continuous improvement and delivering value.

Qualifications

• Degree-level qualification in Engineering, Quantity Surveying, Mathematics or a related technical discipline.
• Significant experience developing and assuring estimates using cost models within large-scale programmes.
• Experience in regulated industry, supporting planning or price reviews.
• 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.
• A proactive approach with a passion for continuous improvement, innovation and high standards.
• Ability to work collaboratively across multiple functions to deliver high-quality outcomes.

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

Cost estimation

Cost modelling

Stakeholder management

Data interpretation

Analytical skills

Regulated industry

Education

Engineering degree

Quantity surveying

Mathematics

Tools

Modelling tools

Data governance systems

Job description

Anglian Water Services in Peterborough seeks a Strategic Cost Engineer to advance cost intelligence across major investment programmes. You will develop, assure and improve cost estimates, models and governance to underpin investment planning, regulatory submissions and programme delivery.

You will work with Commercial, Finance, Regulation and Delivery teams, challenging assumptions and driving data-driven decision-making with a focus on continuous improvement and delivering value.