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For Companies At a Glance
- Tasks: Analyse costs, produce reports, and support project teams in budget management.
- Company: Join Bilfinger UK, a leader in engineering and maintenance across various industries.
- Benefits: Full-time role with opportunities for professional growth and development.
- Why this job: Make a real impact in a dynamic environment while enhancing asset efficiency.
- Qualifications: Experience in cost engineering and strong communication skills required.
- Other info: Collaborative team culture with a focus on safety and quality.
The predicted salary is between 36000 - 60000 £ per year.
Join to apply for the Senior Cost Engineer role at Bilfinger UK. Bilfinger UK is a leading engineering and maintenance provider, supporting customers across the chemical, petrochemical, nuclear, oil and gas, pharmaceuticals, biopharma, power, energy, utilities, renewables and food and beverage markets. We enhance the efficiency of assets, ensuring a high level of availability and reducing maintenance costs. We have extensive experience in offshore and onshore facilities, specialising in asset management services throughout all life cycle phases from consulting, engineering, manufacturing, assembly, operations, maintenance, and decommissioning. This commitment is delivered by an experienced and highly competent workforce of over 4,500 employees operating from 14 offices in strategic industrial hubs, upholding the highest standards of safety, compliance and quality.
Main Responsibilities
- Produce reports from the analysis of cost reports and forecasts to facilitate improved cost control/reduction and support the Operations team in delivering work scopes within budget and cost recover where appropriate.
- Provide the commercial manager with cost reports and value of work done summaries to advise on progress against budgets, and also forecasts of cost to completion.
- Advise and support Delivery Managers regarding commercial aspects of managing contracts based on early interrogation of financial and cost data.
- Assist with the identification and management of contract variations.
- Assist in providing visibility on Contract Financial Performance, including preparation of required elements for monthly management accounts.
- Carry out audits and reviews as necessary, to assist with the identification and implementation of potential commercial improvements.
- Ensure suitable controls are in place in support of financial deliverables.
- Ensure compliance with company policies, processes and procedures related to the management of commercial aspects.
- Perform other duties as may arise in connection with the successful operation of the Company or assigned by the Commercial Manager from time to time.
- Interface with Business Managers, Invoicing, Accounts, Procurement, Tendering.
Specific Tasks
- Analyse and produce cost reports in a format to meet the needs of the client and client agents, the project management team, and the wider management team.
- Produce weekly cost reports data to inform clients, operations, and management of progress against budgets.
- Analyse variances and advise the operations team of reasons and required actions (e.g., revise estimates or request variation orders).
- Produce forecasts for individual work scopes and update them to reflect changes.
- Provide monthly value-of-work-done summaries to highlight costs to date, uninvoiced costs, and additional costs to complete the work scope.
- Collate Contract Budgeting/Forecasting information and check integrity.
- Collate all relevant start-up information for jobs/phases and set up in the company database.
- Facilitate inter-department communication regarding the start-up of new jobs/phases.
- Study and familiarize yourself with relevant Contract Commercial Terms and Conditions and monitor compliance.
- Review all invoices for completeness and correctness before submission to the Client.
- Assist in preparing valuations to meet the scope of works.
- Assist in preparing and resolving claims.
- Submit annual rates uplifts.
- Assist in renegotiating revised contract terms.
- Identify areas of commercial weakness and help rectify/improve them.
- Share lessons learned between contracts.
- Assist in standardising techniques and reporting mechanisms where possible.
- Assist in preparing/reviewing the commercial element of Business Cases.
- Interface with Procurement Team on project-specific aspects involving Master Supplier/Sub-Contract Agreements.
- Prepare financial elements for Client reports.
- Monitor and provide feedback on KPI performance to improve financial return.
- Assist in purchase-vs-hire decision for equipment.
- Act as interface person for internal Accounts/Invoicing departments on commercial issues.
- Perform reconciliation exercises as required.
- Provide detailed analysis of completed projects to highlight learning and improvement opportunities.
Experience & Qualifications
- Proven track record in a similar role.
- Experience in a fast-paced work environment.
- Finance degree or working towards a recognised accounting qualification, or suitable relevant experience in a commercial or financial role (desirable).
- Problem solver.
- Self-starter and team player with excellent communication skills.
- Relationship builder with strong commercial awareness.
- Ability to work under pressure and to a deadline.
- Knowledge of SAP (desirable).
- Highly personable.
- Assertive and confident.
- High level of discretion and confidentiality.
- Experience of different contract types.
Seniority level Mid-Senior level
Employment type Full-time
Job function Management and Manufacturing
Contact: 01224 246246.
Senior Cost Engineer in Winnersh employer: Bilfinger UK
Contact Detail:
Bilfinger UK Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Senior Cost Engineer in Winnersh
✨Tip Number 1
Network like a pro! Reach out to your connections in the engineering and maintenance sectors. Attend industry events or webinars, and don’t be shy about asking for introductions. We all know that sometimes it’s not just what you know, but who you know!
✨Tip Number 2
Prepare for interviews by researching Bilfinger UK and their projects. Understand their values and how they operate in the chemical, petrochemical, and energy sectors. This will help us tailor your responses and show them you’re genuinely interested in being part of their team.
✨Tip Number 3
Practice makes perfect! Conduct mock interviews with friends or mentors. Focus on articulating your experience in cost control and contract management clearly. The more comfortable you are discussing your skills, the better you’ll perform when it counts.
✨Tip Number 4
Don’t forget to follow up after interviews! A simple thank-you email can go a long way. It shows your enthusiasm for the role and keeps you fresh in their minds. Plus, it’s a great opportunity to reiterate why you’d be a fantastic fit for the Senior Cost Engineer position.
We think you need these skills to ace Senior Cost Engineer in Winnersh
Some tips for your application 🫡
Tailor Your CV: Make sure your CV is tailored to the Senior Cost Engineer role. Highlight relevant experience and skills that match the job description, especially in cost control and financial analysis. We want to see how you can bring value to our team!
Craft a Compelling Cover Letter: Your cover letter is your chance to shine! Use it to explain why you're the perfect fit for this role at Bilfinger UK. Share specific examples of your past achievements in cost engineering and how they relate to what we do.
Showcase Your Problem-Solving Skills: In your application, don’t forget to mention your problem-solving abilities. We love candidates who can think on their feet and tackle challenges head-on, especially in a fast-paced environment like ours.
Apply Through Our Website: We encourage you to apply directly through our website. It’s the best way to ensure your application gets into the right hands. Plus, it shows us you’re serious about joining our team!
How to prepare for a job interview at Bilfinger UK
✨Know Your Numbers
As a Senior Cost Engineer, you'll need to demonstrate your financial acumen. Brush up on key metrics and cost control techniques relevant to the role. Be prepared to discuss how you've successfully managed budgets in previous positions.
✨Understand the Industry
Familiarise yourself with the sectors Bilfinger UK operates in, such as oil & gas and pharmaceuticals. Show that you understand the unique challenges these industries face and how your skills can help address them.
✨Prepare for Scenario Questions
Expect questions that ask you to solve hypothetical problems related to cost management or contract variations. Practice articulating your thought process clearly and logically, showcasing your problem-solving skills.
✨Showcase Your Communication Skills
As this role involves interfacing with various departments, highlight your ability to communicate complex financial information effectively. Prepare examples of how you've successfully collaborated with teams in the past.
