At a Glance
- Tasks: Manage project costs, budgets, and financial reporting to ensure success.
- Company: Join a dynamic team in Liverpool focused on innovative cost management solutions.
- Benefits: Enjoy remote work flexibility and competitive salary between £50,000 - £55,000.
- Other info: Opportunity to grow within a supportive and collaborative environment.
- Why this job: Be part of a culture that values financial discipline and supports impactful projects.
- Qualifications: Ideal for those with analytical skills and a passion for finance.
The predicted salary is between 30000 - 42000 £ per year.
Cost & Commercial Analyst Liverpool | Remote £50,000 - £55,000
The Role
The Cost & Commercial Analyst is responsible for managing all aspects of project cost control, including budget setup, updates and monitoring, change management, variation estimating, cost reporting, risk contingency, and forecasting activities. The role ensures financial discipline across projects and supports project teams with timely, accurate financial information.
Key Responsibilities
Manage daily project reporting to ensure alignment between project costs and revenue.
Conduct performance analysis, identifying and understanding variances against budgets and forecasts.
Reconcile forecasted and actual expenditures, producing project accruals.
Coordinate and manage updates to project forecasts, incorporating inputs from project teams and clients.
Support monthly financial close by posting cost accruals, unbilled revenue, and calculating adjustments based on project progress.
Prepare in-depth variance analysis and financial reporting for projects.
Compile cost and financial input for Project Monthly Status Reports (PMSR).
Provide accurate monthly reporting of Value of Work Done (VOWD) and long-term cash flow forecasts.
Perform economic analysis, assess deviations and probability, and support project management with financial and accounting issues.
Prepare detailed revenue forecasts and variance reports for clients, including supporting documentation for cost-plus items.
Create Applications for Payment (AFP) in line with pricing schedules.
Liaise with the supply chain on requisitions, hire control, and goods receipting.
Support project closure activities, including purchase order reconciliation and final margin reporting.
Skills and Experience
Minimum of 3 years\' experience in cost control, forecasting, and financial reporting.
Advanced Excel skills, with strong data analysis and reporting capabilities.
Experience with CSAM is desirable.
Experience in offshore, oil and gas, or renewable energy industries is advantageous.
JBRP1_UKTJ
Cost Controller in Edinburgh employer: Accountable Recruitment
As a leading employer in the financial sector, we offer a dynamic work environment that fosters collaboration and innovation. Our commitment to employee growth is evident through comprehensive training programmes and clear career progression paths, all while enjoying the flexibility of remote work from Liverpool. Join us to be part of a supportive culture that values your contributions and encourages a healthy work-life balance.
StudySmarter Expert Advice🤫
We think this is how you could land Cost Controller in Edinburgh
✨Tip Number 1
Familiarise yourself with the latest cost control software and tools commonly used in the industry. Being able to demonstrate your proficiency in these tools during interviews can set you apart from other candidates.
✨Tip Number 2
Network with professionals in the field of cost control and commercial analysis. Attend industry events or join relevant online forums to connect with others who can provide insights or even refer you to opportunities at StudySmarter.
✨Tip Number 3
Prepare to discuss specific examples of how you've successfully managed project costs in the past. Highlighting your experience with budget setup, monitoring, and change management will show that you're well-equipped for the role.
✨Tip Number 4
Stay updated on the latest trends and challenges in cost control and project management. Being knowledgeable about current issues can help you engage in meaningful conversations during interviews and demonstrate your commitment to the field.
We think you need these skills to ace Cost Controller in Edinburgh
Some tips for your application 🫡
Understand the Role:Read the job description thoroughly to grasp the responsibilities of a Cost Controller. Highlight key skills such as budget management, cost reporting, and risk contingency in your application.
Tailor Your CV:Customise your CV to reflect relevant experience in project cost control and financial analysis. Use specific examples that demonstrate your ability to manage budgets and monitor costs effectively.
Craft a Compelling Cover Letter:Write a cover letter that connects your skills and experiences to the requirements of the role. Emphasise your understanding of financial discipline and how you can support project teams in achieving their goals.
Proofread Your Application:Before submitting, carefully proofread your application for any spelling or grammatical errors. A polished application reflects attention to detail, which is crucial for a Cost Controller.
How to prepare for a job interview at Accountable Recruitment
✨Understand Cost Control Fundamentals
Make sure you have a solid grasp of cost control principles. Be prepared to discuss your experience with budget setup, monitoring, and change management, as these are crucial for the role.
✨Showcase Your Analytical Skills
Highlight your ability to analyse financial data and provide insights. Bring examples of how you've used forecasting and risk contingency in past projects to demonstrate your analytical prowess.
✨Prepare for Scenario-Based Questions
Expect questions that ask how you would handle specific cost-related scenarios. Practise articulating your thought process and decision-making skills in these situations to show your problem-solving abilities.
✨Familiarise Yourself with Industry Standards
Research the latest trends and standards in cost control and commercial analysis. Being knowledgeable about industry benchmarks will help you stand out and show your commitment to staying updated.
