Lead Cost Engineer

Lead Cost Engineer

Full-Time 31500 - 38500 £ / year (est.) Home office (partial)
Amentum

At a Glance

  • Tasks: Lead financial activities for major projects, ensuring budget efficiency and risk management.
  • Company: Amentum, a forward-thinking company focused on innovation and collaboration.
  • Benefits: Competitive salary, free medical cover, family-friendly benefits, and professional development support.
  • Other info: Flexible working options available to suit your lifestyle and promote work-life balance.
  • Why this job: Make a real impact in engineering the future while growing your career in a supportive environment.
  • Qualifications: Professional qualification in Project Management or related field with significant cost engineering experience.

The predicted salary is between 31500 - 38500 £ per year.

At Amentum, we're not just solving problems; we're engineering the future. Our team is driven by an unyielding commitment to innovation, integrity, and collaboration, tackling some of the most significant challenges in science, security, and sustainability. If you're passionate about making a real impact and want to be part of a community that values ethical excellence, this is the place where your ambition can thrive.

We offer an exciting range of opportunities to develop your career within a supportive team who always strive to do the right thing for our people, clients and communities. People are our greatest asset, and we offer a competitive package to retain and attract the best talent. In addition to the benefits you’d expect, UK employees also receive free single medical cover and digital GP service, family-friendly benefits such as enhanced parental leave pay and free membership of employee assistance and parental programmes, plus reimbursement towards relevant professional development and memberships. Work-life balance and flexibility is a key focus area for us. We’re happy to discuss hybrid, part-time and flexible working hours, patterns and locations to suit you and our business.

Amentum is a key Lot 1 delivery partner within the Decommissioning and Nuclear Waste Partners (DNWP) Framework, a major Sellafield programme worth up to £4.6 billion and running for up to 15 years. The framework is focused on safely accelerating decommissioning, remediation and high‑hazard risk reduction across one of the most complex nuclear sites in the world. Our nuclear team supports the front‑end design, engineering, technical leadership and delivery expertise required across the DNWP portfolio. We are looking for individuals with high‑value expertise from across regulated and comparable sectors who can work collaboratively, embrace new challenges and contribute to the mission of safely and efficiently delivering Sellafield’s decommissioning and nuclear waste objectives.

As a Lead Cost Engineer you will be responsible for coordinating the project's financial and budget activities to maximize earnings and increase efficiency. Monitor projects to manage scope and deliverables. May act as a point of contact for the client. Identifies and manages project risks. You will be reporting to Project Controls Manager and working alongside Project Managers and Engineers, Commercial Team including QS and Commercial Managers, Estimating Team and Sales Team.

Responsibilities in this role include managing project budgets, forecasting costs, controlling expenditures, and providing financial insights through detailed analysis, reporting, and stakeholder collaboration, requiring strong technical skills in cost estimation, project management software, and leadership to mentor teams and drive cost optimization for large projects. Key duties include:

  • Budget development
  • Variance analysis
  • Financial reporting
  • Risk assessment
  • Change order review
  • Ensuring compliance with financial standards across the project lifecycle, from conception to close-out

Employee will be expected to contribute to the delivery of social value in line with the DNWP framework, supporting positive outcomes for local communities. Voluntary engagement is supported, with up to 16 hours per full‑time equivalent allocated.

Key Responsibilities:

  • Lead team of Project Controls Professionals to deliver larger projects / Frameworks.
  • Expert in field of knowledge.
  • Cost Estimation & Budgeting: Develop comprehensive cost estimates, budgets, and financial forecasts for complex projects, ensuring accuracy and alignment with business objectives.
  • Cost Control & Monitoring: Track expenditures, analyse variances, and implement corrective actions to keep projects within budget.
  • Financial reviews and reporting: Prepare and present detailed financial reports (e.g., EAC, Forecast to Go, VOWD) to project teams, management, and clients.
  • Stakeholder Collaboration: Work closely with project managers, engineers, procurement, and commercial teams to provide financial insights and support decision-making.
  • Risk Management: Identify cost risks and opportunities, providing recommendations for cost optimization and savings.
  • Process Improvement: Contribute to the development and enhancement of cost control procedures, tools, and systems.
  • Project set up, close out and reconciliations.
  • Revenue, GM and aged debt monitoring.
  • Ensuring corporate systems are up to date and an accurate reflection of the project.
  • Contribute to progress meetings, as required, in support of the Project Manager.
  • Regular interfacing and integration with the project controls team to maintain an aligned financial position with the Project Plan.
  • Monitoring key performance indicators as necessary.
  • Act as Mentor and provide guidance to less experienced Cost Engineers.
  • Takes a broad perspective to identify innovative solutions; identifies applications of functional knowledge and existing methodologies to complex problems.

Essential Skills & Experience:

  • Holds Professional qualification in Project Management, Project Controls, Quantity Surveying, Engineering or equivalent experience.
  • Proven significant experience in managing and delivering cost engineering services on major projects or across complex multiple-project programmes.
  • Previous experience of working under various Contract Types with an understanding of their complexities.
  • Strong background in tracking expenditures, analysing variances, and implementing corrective actions to keep projects within budget.
  • Proven experience preparing and presenting detailed financial reports to project teams, management, and clients.
  • Demonstrable experience in risk and opportunity management relative to the cost engineering role.
  • Previous experience managing a team.
  • Ability to mentor and support team members, acting as a trusted advisor and subject matter expert when required.
  • Excellent communication, stakeholder management, and relationship-building skills.

Our values are built on a strong foundation of safety, integrity, and respect for every individual. People are at the heart of our mission, and we believe in supporting one another through a culture of care and collaboration. We strive to create a workplace where everyone feels they belong and can thrive. Supporting mental wellbeing and fostering a sense of connection are essential to how we work. When we embrace different perspectives and work together, we become more innovative, more agile, and more successful.

Lead Cost Engineer employer: Amentum

As a leading engineering organisation in the nuclear sector, we pride ourselves on our commitment to safety, integrity, and collaboration. Our culture fosters a supportive environment where engineers are empowered to take ownership of their projects, ensuring meaningful contributions to high-stakes, safety-critical systems. With flexible hybrid working arrangements and opportunities for professional growth, we offer a rewarding workplace that values every individual's input and promotes a strong sense of community.

Amentum

Contact Details:

Amentum Recruitment Team

StudySmarter Expert Advice🤫

We think this is how you could land Lead Cost Engineer

Join Engineering Meetups!

Get yourself along to local engineering meetups or tech conferences. These are great places to connect with like-minded folks and industry leaders who might just have a lead on that full-time Lead Cost Engineer role you’re after at Amentum.

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Apply Through Company Websites

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We think you need these skills to ace Lead Cost Engineer

Cost Estimation
Budgeting
Financial Forecasting
Cost Control
Variance Analysis
Financial Reporting
Stakeholder Collaboration

Some tips for your application 🫡

Showcase Your Technical Expertise:When applying for an engineering role like Lead Cost Engineer, it’s essential to highlight your technical skills. Include any relevant software or tools you're proficient in on your CV—think CAD software, simulation tools, or programming languages. Don't skimp on any engineering projects you've worked on that demonstrate your ability to solve complex problems.

Focus on Results and Impact:In the engineering world, we love numbers and real-world impact. Quantify your achievements wherever possible—like reducing costs by a certain percentage, improving efficiency, or successfully completing a project ahead of schedule. This gives your future employers at Amentum a clear picture of the value you can bring.

Craft a Compelling Cover Letter:Use your cover letter to express your passion for engineering and explain why you’re drawn to Amentum specifically. Share what aspects of their work excite you and how your values align with theirs. This is your chance to show a bit of personality while keeping it professional!

Include Relevant Certifications:If you have any engineering certifications, especially ones that are recognised in your field, make sure to feature them prominently on your CV. They demonstrate not just your knowledge, but also your commitment to professional development, which is something we at StudySmarter value highly.

How to prepare for a job interview at Amentum

Brush Up on Core Engineering Principles

Before heading into the interview with Amentum, make sure you're solid on the fundamental engineering principles relevant to the role. Be ready to discuss concepts such as thermodynamics, fluid mechanics, or structural analysis, depending on the specifics mentioned in the job description. Don’t skip any hands-on projects or coursework; these can be excellent talking points!

Show Off Your Problem-Solving Skills

Expect technical questions or case studies during your interview—after all, engineering is all about solving problems! Prepare a few examples of how you've tackled engineering challenges in the past, whether at university or in any practical experience. Practising with mock technical interviews can really help you articulate your thought process and solutions.

Relate Your Experience to the Role

In a full-time role, employers like Amentum want to see that you can adapt and grow within their team. Be ready to discuss how your previous internships, projects, or studies relate directly to the work you'll be doing. Highlight specific experiences that showcase your collaborative skills and how you've successfully worked within a team environment.

Know Your Tools and Software

Most engineering roles require familiarity with specific tools and software. Prepare to talk about your proficiency with programmes like AutoCAD, MATLAB, or SolidWorks if they’re relevant to the role. Even better, have examples of projects where you’ve used these tools, as it'll demonstrate your hands-on experience and readiness for the job.