At a Glance
- Tasks: Lead cost estimation for contracts and new business, analysing data to support decisions.
- Company: BAE Systems is a leading defence and aerospace company committed to diversity and inclusion.
- Benefits: Enjoy flexible working, competitive pension, health plans, shopping discounts, and potential annual incentives.
- Why this job: Make a real impact in a collaborative team while developing your career in a dynamic environment.
- Qualifications: Degree or equivalent experience in Cost Estimation; strong Excel and data analysis skills required.
- Other info: Relocation support available; inclusive recruitment processes for all backgrounds.
The predicted salary is between 39000 - 54600 £ per year.
Location: Barrow-in-Furness. We offer a range of hybrid and flexible working arrangements - please speak to your recruiter about the options for this particular role.
Salary: £39,000+ depending on skills and experience
What you'll be doing:
- Taking a leading role to support the business through the creation of cost and price estimates, in relation to the management of existing contracts and the capture of new business, through the supply of critical data and analysis in support of key business decisions.
- Generating and populating cost models by collating and analysing data from multiple sources (e.g., actual costs, national statistics or contracted rates) to support the business. All models to be supported by Basis of Estimates (BOE) and Validated and Verified (V&V).
- Providing cost estimating guidance, at an appropriate level, to other departments and functions.
- Developing and maintaining high level customer relationships both cross functionally and with external customers including support to customer price negotiations.
- Supporting the cost estimating end to end processes and understand how the processes as set out, interact with the role.
- Scenario and simulation analysis on a micro to macro level to inform key business decisions.
- Coaching and mentoring junior staff as required in support of management.
Your skills and experiences:
- Essential: Degree Level Qualification or equivalent by experience within Cost Estimation in major projects.
- Microsoft Packages in particular Excel.
- Data Analysis, critical thinking and problem-solving skills.
- Desirable: Experience of different estimating toolsets such as Montecarlo, Parametric, ProPricer.
Benefits:
As well as a competitive pension scheme, BAE Systems also offers employee share plans, an extensive range of flexible discounted health, wellbeing and lifestyle benefits, including a green car scheme, private health plans and shopping discounts - you may also be eligible for an annual incentive.
The Commercial Estimating team:
The team collaborates closely with all parts of the business on a broad spectrum of tasks, from facility business cases to design studies to whole boat pricing, giving you an extensive understanding of the submarines business and how it operates. This role will provide you with opportunities for career development and progression. We offer relocation support packages across all Submarines roles, subject to meeting eligibility criteria.
Why BAE Systems?
This is a place where you'll be able to make a real difference. You'll be part of an inclusive culture that values diversity of thought, rewards integrity, and merit, and where you'll be empowered to fulfil your potential. We welcome people from all backgrounds and want to make sure that our recruitment processes are as inclusive as possible. If you have a disability or health condition (for example dyslexia, autism, an anxiety disorder etc.) that may affect your performance in certain assessment types, please speak to your recruiter about potential reasonable adjustments.
Please be aware that many roles at BAE Systems are subject to both security and export control restrictions. These restrictions mean that factors such as your nationality, any nationalities you may have previously held, and your place of birth can restrict the roles you are eligible to perform within the organisation. All applicants must as a minimum achieve Baseline Personnel Security Standard. Many roles also require higher levels of National Security Vetting where applicants must typically have 5 to 10 years of continuous residency in the UK depending on the vetting level required for the role, to allow for meaningful security vetting checks.
Closing Date: 26th June 2025. We reserve the right to close this vacancy early if we receive sufficient applications for the role. Therefore, if you are interested, please submit your application as early as possible.
Senior Cost Estimator employer: Babcock
Contact Detail:
Babcock Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Senior Cost Estimator
✨Tip Number 1
Familiarise yourself with the specific cost estimation tools mentioned in the job description, such as Monte Carlo and Parametric estimating. Having a solid understanding of these tools will not only boost your confidence but also demonstrate your commitment to the role.
✨Tip Number 2
Network with professionals in the industry, especially those who work in cost estimation or related fields. Engaging with them on platforms like LinkedIn can provide you with insights into the role and potentially lead to referrals.
✨Tip Number 3
Prepare to discuss your experience with data analysis and problem-solving during the interview. Be ready to share specific examples of how you've used these skills in past projects, as they are crucial for the Senior Cost Estimator position.
✨Tip Number 4
Research BAE Systems and their projects, particularly in the submarines sector. Understanding their business model and recent developments will help you tailor your conversation and show your genuine interest in contributing to their success.
We think you need these skills to ace Senior Cost Estimator
Some tips for your application 🫡
Understand the Role: Read the job description thoroughly to understand the responsibilities and skills required for the Senior Cost Estimator position. Tailor your application to highlight relevant experiences that align with these requirements.
Highlight Relevant Experience: In your CV and cover letter, emphasise your experience in cost estimation, data analysis, and any specific tools you have used, such as Montecarlo or ProPricer. Use concrete examples to demonstrate your skills and achievements.
Craft a Strong Cover Letter: Write a compelling cover letter that not only introduces yourself but also explains why you are a great fit for the role. Mention your understanding of the company's values and how you can contribute to their success.
Proofread Your Application: Before submitting, carefully proofread your CV and cover letter for any spelling or grammatical errors. A polished application reflects your attention to detail, which is crucial for a role in cost estimation.
How to prepare for a job interview at Babcock
✨Know Your Cost Estimation Tools
Familiarise yourself with various estimating toolsets like Monte Carlo and Parametric methods. Be prepared to discuss how you've used these tools in past projects, as this will demonstrate your technical expertise and readiness for the role.
✨Showcase Your Data Analysis Skills
Highlight your experience with data analysis, particularly using Microsoft Excel. Prepare examples of how you've collated and analysed data to support cost estimates, as this is a key part of the job.
✨Understand the Business Context
Research BAE Systems and its operations, especially in relation to submarines. Understanding the broader business context will help you answer questions more effectively and show your genuine interest in the company.
✨Prepare for Scenario Analysis Questions
Be ready to discuss how you would approach scenario and simulation analysis. Think of examples where you've informed key business decisions through such analyses, as this will showcase your critical thinking and problem-solving skills.