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- Tasks: Manage and estimate costs for engineering projects, ensuring budgets are met.
- Company: Join a leading UK engineering and maintenance provider in a dynamic environment.
- Benefits: Enjoy competitive pay, potential for remote work, and professional development opportunities.
- Why this job: Be part of impactful projects while developing your skills in a supportive culture.
- Qualifications: Must be certified in Engineering, Construction, or Finance; experience in major projects preferred.
- Other info: Immediate start available; further details provided during onboarding.
The predicted salary is between 36000 - 60000 £ per year.
Mech Tech Professionals have an opportunity available for an experienced Cost Engineer to apprehend a permanent position based on a Chemical Manufacturing project based in Kingston Upon Hull, East Yorkshire. Our client, one of the UK\’s leading engineering and maintenance providers require a competent professional to start as soon as possible or upon availability. Overview As a Cost Engineer, you will be responsible for estimating, controlling and managing costs associated with engineering projects on site. Primary goals will be to ensure projects are completed within budgets whilst quality is met and adhered to. Key Responsibilities: * Forecasting actual costs versus budgets in place * Provision of key financial data for internal reviews/P&L submissions * Collaborate with schedulers to align cost with time-based project milestones * Develop detailed cost estimates for projects during various phases * Risk Analysis i.e. best case, worst case & most likely for cost & value * Weekly cost ledger analysis using the clients\’ financial systems i.e. SAP & Power BI etc. * Cash Flow Forecasts * Produce regular cost reports and forecasts for stakeholders * Commercial auditing of each subcontract including payment applications, rates & claims * Value Determination i.e. Cost to Date & Forecasts to Complete * Other Qualifications & Experiences: * Certified/qualified within the Engineering, Construction or Finance field or similar * NEC 4 Option B Contracts * Knowledge of NAECI Agreements (Preferred) * Experience on major Construction Projects (Preferred) * Standard Method of Measurement * A good understanding of \’Contractor\’ projects Further details to be discussed during the on-boarding stages
Cost Engineer employer: Mech Tech Professionals
Contact Detail:
Mech Tech Professionals Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Cost Engineer
✨Tip Number 1
Familiarise yourself with the specific financial systems mentioned in the job description, such as SAP and Power BI. Having hands-on experience or even just a solid understanding of these tools can set you apart from other candidates.
✨Tip Number 2
Network with professionals in the engineering and construction sectors, especially those who have worked on chemical manufacturing projects. Attend industry events or join relevant online forums to make connections that could lead to referrals.
✨Tip Number 3
Brush up on your knowledge of NEC 4 Option B Contracts and NAECI Agreements. Being able to discuss these topics confidently during an interview will demonstrate your expertise and commitment to the role.
✨Tip Number 4
Prepare to discuss your previous experiences with cost estimation and risk analysis in detail. Use specific examples that highlight your ability to manage budgets effectively and ensure project quality, as this is crucial for the Cost Engineer role.
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 as outlined in the job description. Highlight your relevant experience and skills that align with the key responsibilities mentioned.
Tailor Your CV: Customise your CV to reflect your experience in cost estimation, financial data analysis, and project management. Use specific examples from previous roles that demonstrate your ability to manage costs effectively.
Craft a Compelling Cover Letter: Write a cover letter that not only introduces yourself but also explains why you are a great fit for this position. Mention your qualifications, relevant experiences, and how you can contribute to the success of the projects at Mech Tech Professionals.
Proofread Your Application: Before submitting, carefully proofread your application materials. Check for any spelling or grammatical errors, and ensure that all information is clear and concise. A polished application reflects your attention to detail, which is crucial for a Cost Engineer.
How to prepare for a job interview at Mech Tech Professionals
✨Know Your Numbers
As a Cost Engineer, you'll be dealing with budgets and forecasts. Brush up on your financial data analysis skills and be prepared to discuss how you've managed costs in previous projects. Highlight specific examples where you successfully kept a project within budget.
✨Familiarise Yourself with Relevant Software
Since the role involves using financial systems like SAP and Power BI, make sure you're comfortable discussing your experience with these tools. If you haven't used them before, do some research or take a quick online course to understand their functionalities.
✨Understand the Project Lifecycle
Be ready to talk about the different phases of project management and how cost estimation fits into each phase. Show that you can align cost management with project milestones and understand the importance of risk analysis in budgeting.
✨Prepare for Scenario Questions
Expect questions that ask you to analyse hypothetical situations regarding cost overruns or budget adjustments. Practice articulating your thought process and decision-making strategies in these scenarios to demonstrate your problem-solving skills.
