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For Companies At a Glance
- Tasks: Manage and control programme costs, ensuring financial integrity and transparency.
- Company: Join Fortescue, a leader in decarbonising iron ore operations with innovative technology.
- Benefits: Enjoy a bonus scheme, pension, private medical insurance, and 26 days holiday.
- Other info: Inclusive culture celebrating diverse backgrounds; excellent growth opportunities await you.
- Why this job: Be part of impactful projects that change the planet while developing your career.
- Qualifications: Bachelor’s degree in Finance or related field; experience in cost control is essential.
The predicted salary is between 50000 - 65000 £ per year.
Be part of something big. Fortescue is leading the world with our plan to decarbonise our iron ore operations, projects that harness renewable energy and the development of technology that will change our planet forever. An opportunity has arisen for a Cost Controller to join the Finance department.
About The Role
The Cost Controller plays a pivotal role in maintaining the financial integrity, transparency, and performance of Fortescue Zero’s complex programmes. The role ensures that programme costs are accurately forecasted, monitored, and reported, enabling timely and informed decision-making. This position will play a key role in maintaining cost discipline, supporting commercial management, and driving continuous improvement in project financial performance.
What you will do
- Cost Management & Control
- Develop, maintain, and control programme cost baselines and budgets in alignment with approved project estimates.
- Track and manage actual costs, commitments, and forecasts against budget.
- Identify and analyse variances, risks, and opportunities, providing early warnings and recommended mitigation strategies.
- Prepare and issue accurate monthly cost reports and forecasts to key stakeholders.
- Ensure programme cost data integrity through consistent coding structures and cost breakdowns.
- Forecasting & Reporting
- Prepare cost performance summaries, trend analyses, and earned value metrics.
- Lead monthly cost reviews with project leadership and contribute to management decision-making.
- Maintain alignment between cost, schedule, and scope through close coordination with planners and project engineers.
- Produce high-quality cost reports for internal governance, client reporting, and executive reviews.
- Change Management
- Evaluate and quantify project changes and variations, ensuring accurate cost impact assessment.
- Support the change control process by maintaining registers and tracking approvals.
- Work collaboratively with contracts and procurement teams to ensure commercial impacts are captured and managed.
- Systems, Governance & Process Improvement
- Administer and optimise project cost control systems.
- Ensure compliance with company cost control policies, standards, and financial governance requirements.
- Contribute to continuous improvement initiatives within the programme function.
Key Interfaces
- Chief Product Manager and Project Managers
- Engineering, Procurement, and Manufacturing Teams
- Contracts, Commercial, and broader Finance Departments
About You
Qualifications & Experience
- Bachelor’s degree in Finance, Quantity Surveying, or related discipline.
- Proven experience in project or programme cost control within a large-scale, complex environment.
- Proven track record in cost forecasting, variance analysis, and cost risk management.
- Strong Excel and data analysis skills.
- Demonstrated ability to work collaboratively in a fast-paced, multi-disciplinary environment.
Core Competencies
- Strong analytical and problem-solving skills.
- Excellent communication and presentation abilities.
- Commercial acumen with sound understanding of contracts and procurement processes.
- High attention to detail and accuracy under pressure.
- Leadership and mentoring capability.
Preferred
- Internationally accredited project controls certification (e.g., AACE, ICEC, PMI-SP).
- Experience within industrial, mining, or heavy manufacturing sectors, ideally supporting electrification or product development programmes.
- Knowledge of ERP, financial, and project management systems.
What is in it for you?
Our UK Benefits Include:
- Bonus scheme
- Aviva Pension
- Group Life Assurance
- Group Income Protection
- Electric Car Scheme
- Health Cash Plan
- Employee Assistance Programme
- Private Medical Insurance
- 26 days holiday plus public holidays and the opportunity to purchase an additional 5 days per year
- Childcare Benefits
- Free on-site gym access and discounted national memberships
Fortescue celebrates individual strengths and team members are encouraged to bring their whole selves to work. Our global workforce drives and promotes an inclusive culture, both within our organisation and throughout the communities we interact with. Diverse backgrounds include First Nations Peoples, people with disabilities, LGBTQ+ community, gender, neurodiverse, cultural diversity, all age groups, and those with an intersectional or multiple diverse characteristics. We encourage candidates from all backgrounds to apply. Fortescue reserves the right to close applications early should a suitable pool of candidates be identified. Fortescue will never contact you to ask for payment of any kind, whether directly or through a third party.
Cost Controller in Kidlington employer: Fortescue
Contact Detail:
Fortescue Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Cost Controller in Kidlington
✨Tip Number 1
Network like a pro! Reach out to people in the industry, especially those at Fortescue. A friendly chat can open doors and give you insights that might just land you an interview.
✨Tip Number 2
Prepare for the interview by knowing your stuff! Brush up on cost control principles and be ready to discuss how you've tackled similar challenges in the past. We want to see your analytical skills in action!
✨Tip Number 3
Show off your Excel skills! Be prepared to demonstrate how you use data analysis to forecast costs and manage budgets. We love seeing candidates who can turn numbers into actionable insights.
✨Tip Number 4
Apply through our website! It’s the best way to ensure your application gets noticed. Plus, it shows you're genuinely interested in being part of our mission to decarbonise and innovate.
We think you need these skills to ace Cost Controller in Kidlington
Some tips for your application 🫡
Tailor Your CV: Make sure your CV is tailored to the Cost Controller role. Highlight your experience in cost management and forecasting, and don’t forget to mention any relevant qualifications or certifications. We want to see how your skills align with what we’re looking for!
Craft a Compelling Cover Letter: Your cover letter is your chance to shine! Use it to explain why you’re passionate about the role and how your background makes you a great fit. Be sure to mention your understanding of financial integrity and performance, as these are key aspects of the job.
Showcase Your Analytical Skills: As a Cost Controller, strong analytical skills are a must. In your application, provide examples of how you've successfully managed costs, identified variances, and contributed to decision-making in previous roles. We love seeing real-life applications of your skills!
Apply Through Our Website: We encourage you to apply through our website for the best chance of being noticed. It’s straightforward and ensures your application goes directly to us. Plus, it shows you’re keen on joining our team at Fortescue!
How to prepare for a job interview at Fortescue
✨Know Your Numbers
As a Cost Controller, you'll need to demonstrate your financial acumen. Brush up on key financial metrics and be ready to discuss how you've managed budgets and forecasts in previous roles. Show them you can handle the numbers with confidence!
✨Understand the Project Lifecycle
Familiarise yourself with the project lifecycle, especially in complex environments like mining or manufacturing. Be prepared to discuss how you’ve contributed to cost management at different stages of a project, from initiation to closure.
✨Prepare for Scenario Questions
Expect questions that ask how you would handle specific cost control scenarios. Think about past experiences where you identified variances or risks and how you mitigated them. Use the STAR method (Situation, Task, Action, Result) to structure your answers.
✨Showcase Your Collaboration Skills
This role requires working closely with various teams. Be ready to share examples of how you've successfully collaborated with project managers, engineers, and procurement teams. Highlight your communication skills and ability to work in a multi-disciplinary environment.