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- Tasks: As a Cost Engineer, you'll manage project costs and performance metrics for major projects.
- Company: Join Turner & Townsend, a global leader in professional services with over 22,000 employees worldwide.
- Benefits: Enjoy a flexible working environment that promotes work-life balance and personal growth.
- Why this job: Be part of impactful projects that improve lives while working in a diverse and inclusive culture.
- Qualifications: Ideal candidates are graduates with experience in project controls and cost management systems.
- Other info: We celebrate diversity and encourage applications from all backgrounds.
The predicted salary is between 28800 - 48000 £ per year.
Turner & Townsend is a global professional services company with over 22,000 people in more than 60 countries. Working with our clients across real estate, infrastructure, energy and natural resources, we transform together delivering outcomes that improve people’s lives. Our capabilities include programme, project, cost, asset and commercial management, controls and performance, procurement and supply chain, net zero and digital solutions.
Cost Engineers support major projects and organisations in the delivery of accurate and timely project information relating to performance against the project baselines. The cost engineer would drive the cost performance reporting for the project including all Earned Value Management metrics associated with key project commitments and expenditures.
Duties
- Development of project cost control data structures to accurately track and control actual costs
- Establishing and setting the project control budget aligned with agreed baselines
- The tracking of actual costs both for internal and external expenditure against the cost controls structures
- The tracking and control of project accruals and commitments against set budget constraints
- The build of project forecast to include for estimated work to complete (ETC) and the development of the estimate at complete (EAC)
- The accurate and timely reporting of all project information including Earned Value Management
- The tracking of project contingency and exposure associated with risk events and remaining risks on the project
- The tracking of project change control to ensure alignment with agreed baselines and control data structures
- The tracking of key project trends which can inform future change controls
Qualifications
Typically, a qualified graduate in a relevant discipline with proven working experience in the delivery of project controls services for major projects or programmes. Additionally, we would welcome applicants who are CIMA qualified.
Experience
Delivered cost engineering across a range of major projects, preferably across multiple sectors. Worked across the full project lifecycle including for pre-investment decision, design development, execution, and commissioning phases. Has experience in working to cost engineering procedures and processes, and the ability to define project cost procedures and standards to which the project and/or programme will adhere to. Highly conversant with cost management systems such as Prism and Ecosys, including for the interface with corporate finance systems such as SAP and Oracle. The cost engineer would have an appreciation of business rules, and how project funding and performance aligns with business financial account requirements within the project or programme environment.
Our inspired people share our vision and mission. We provide a great place to work, where each person has the opportunity and voice to affect change. We want our people to succeed both in work and life. To support this we promote a healthy, productive and flexible working environment that respects work-life balance. Turner & Townsend is an equal opportunity employer. We celebrate diversity and are committed to creating an inclusive environment for all employees and actively encourage applications from all sectors of the community.
Contact Detail:
TURNER & TOWNSEND-1 Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Cost Engineer
✨Tip Number 1
Familiarise yourself with Earned Value Management (EVM) metrics, as they are crucial for the Cost Engineer role. Understanding how to track and report on project performance against baselines will give you a significant edge during interviews.
✨Tip Number 2
Gain hands-on experience with cost management systems like Prism and Ecosys. Being able to demonstrate your proficiency with these tools can set you apart from other candidates and show that you're ready to hit the ground running.
✨Tip Number 3
Network with professionals in the industry, especially those who have worked on major projects. Engaging in conversations about project controls and cost engineering can provide valuable insights and potentially lead to referrals.
✨Tip Number 4
Stay updated on the latest trends in project management and cost engineering. Showing that you are knowledgeable about current practices and innovations can impress interviewers and demonstrate your commitment to the field.
We think you need these skills to ace Cost Engineer
Some tips for your application 🫡
Understand the Role: Before applying, make sure you fully understand the responsibilities of a Cost Engineer. Familiarise yourself with key terms like Earned Value Management and project cost control to demonstrate your knowledge in your application.
Tailor Your CV: Customise your CV to highlight relevant experience in cost engineering and project controls. Include specific examples of projects you've worked on, particularly those that align with Turner & Townsend's sectors.
Craft a Compelling Cover Letter: Write a cover letter that not only outlines your qualifications but also expresses your enthusiasm for the role and the company. Mention how your skills can contribute to their mission of delivering impactful projects.
Highlight Relevant Qualifications: If you have qualifications such as CIMA or experience with cost management systems like Prism or Ecosys, be sure to mention these prominently in your application. This will set you apart from other candidates.
How to prepare for a job interview at TURNER & TOWNSEND-1
✨Understand Cost Engineering Fundamentals
Make sure you have a solid grasp of cost engineering principles and practices. Be prepared to discuss your experience with cost control data structures, Earned Value Management, and how you've tracked project costs in previous roles.
✨Familiarise Yourself with Relevant Software
Since the role requires knowledge of cost management systems like Prism and Ecosys, ensure you can speak confidently about your experience with these tools. If you’ve worked with SAP or Oracle, mention specific instances where you used these systems effectively.
✨Showcase Your Project Lifecycle Experience
Be ready to discuss your involvement across the full project lifecycle. Highlight specific projects where you contributed from pre-investment decisions through to execution and commissioning, demonstrating your comprehensive understanding of the process.
✨Prepare for Behavioural Questions
Expect questions that assess your problem-solving skills and ability to work under pressure. Use the STAR method (Situation, Task, Action, Result) to structure your answers, focusing on how you’ve handled challenges in past projects.
