Cost Engineer

Role: Cost Engineer

Location: Reading

Major Responsibilities:

• Liaising with Key Stakeholders, to maintain and deliver timely and accurate cost data and reports, including actual cost of work performed, performance analysis, earned value, and associated variance analysis that make a meaningful contribution to the management of project execution.
• Reviewing and interpreting all aspects cost impact from: performance issues, inflation, trends, forex and formal changes to the overall programme alongside producing and interpreting project control reports and provide performance analysis and recommendations for our client.
• Produce and maintain accurate EAC (Estimate at Completion) Data and to produce associated variance analysis and other cost reports to a defined reporting cycle.
• Review, acceptance and integration of cost performance data from Client suppliers.
• Understand Change process and be able to assist in Change implementation, interpretation of Changes and how they affect Cost performance, with input to the trend process as required.
• Apply Cost data to Risk and Opportunity and provision of associated feedback.
• Adhere to Project governance and Cost standards and procedures.
• Assists in developing specific project codes of accounts and recommends appropriate modifications and revisions.
• Investigates the requirements for estimating and/or cost control data for a specific discipline/other specialty application.
• Assists with the review and issuance of the monthly project control reports.
• Broad perceptive of Cost and relationship to Schedule.
• Undertake and/or support the continuous improvement exercises through the performance of project reviews
• Interfaces with other members of the project team and provides miscellaneous support to Project Controls Manager as requested.
• Responsible for monthly payment for application and invoicing
• Prepare and present various internal reports to senior management
• Supports various estimating tasks

Education and Experience Requirements:

• Bachelor’s degree in engineering, construction management or related field with a number of years of project controls or cost related work experience. In lieu of Bachelor’s degree several years project controls or cost control experience.
• Security Requirements: - Must hold or be able to obtain SC clearance as a minimum.
• Nationality Requirements - United Kingdom (UK) Nationals. Note: Dual citizens may be considered.

Other Requirements:

• Authorisation to work in the UK without employee sponsorship, ability to pass background checks and drug and alcohol testing.

Required Knowledge and Skills:

• Experience of performing forecasting, statistical analysis, quantity take-offs, or skilled in perceptive technical processes, quantity determinations, and financial reports.
• Experience of financial reporting systems and controller account codes (including Project Financial Status Reports and Earned Revenue Determination Data).
• Experience of earned value management, progress reporting – rules of credit, forecasting, working knowledge of cost risk analysis techniques, performance reporting and analysis.
• Skilled in oral and written communication.
• Skilled in using PC operating systems and several basic software applications such as Excel, Word and PowerPoint.
• Knowledge in Estimating using AACE Classification, preferred.
• Knowledge of engineering and construction management customarily acquired over time through specialised instruction or practical experience.
• Knowledge of NEC3/4 Contract administration.
• Knowledge of current industry and technical developments.