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- Tasks: Join us as a Senior Cost Analyst, managing project costs and delivering financial insights.
- Company: Be part of a leading organisation in the booming data centre industry.
- Benefits: Enjoy competitive salary, career growth opportunities, and a dynamic work environment.
- Why this job: Make an impact on large-scale projects while collaborating with diverse teams.
- Qualifications: 5+ years in cost analysis; strong Excel skills and project management knowledge required.
- Other info: Opportunity for occasional travel to project sites across the UK.
The predicted salary is between 43200 - 72000 £ per year.
GemPool Recruitment is seeking a highly skilled Senior Cost Analyst to join a leading organisation in the data centre industry. This is an exciting opportunity to work on large-scale projects, supporting cost analysis, cost management, and cost control activities. The successful candidate will play a crucial role in ensuring accurate cost reporting and forecasting while collaborating closely with multiple teams.
Key Responsibilities:
- Support Project Commercial Managers and Project Directors in developing project cost plans.
- Track and report planned versus actual project costs, identifying and explaining variances accurately and promptly.
- Develop cash flow projections and manage invoicing relationships to ensure a smooth financial process.
- Liaise with project and management teams to resolve cost-related issues.
- Aggregate cost plans across projects to provide a consolidated group-level view, ensuring accurate reporting and impact assessment.
- Conduct Earned Value analysis and provide in-depth financial insights.
- Ensure the integrity of cost data input into monthly reports, collaborating closely with investment and finance teams.
- Present cost reports and key financial insights at management meetings.
- Ensure compliance with project control requirements and suggest improvements where necessary.
- Validate and analyse cost reports from project cost management leads and external cost partners.
- Assess supply chain data to enhance cost forecasting and accuracy.
- Deliver detailed cost variance analysis, root cause evaluations, and recommend corrective actions.
- Conduct monthly Estimate at Completion (EAC) reviews in collaboration with project teams.
- Monitor contingency budgets and support proactive cost management strategies.
- Provide data-driven cost trend insights to project teams.
- Contribute to benchmarking studies and historical cost data analysis.
Required Experience & Skills:
- A minimum of 5 years of experience in Cost Analysis, Cost Engineering, Commercial Management, or Quantity Surveying.
- Strong knowledge of project controls and cost management software.
- Advanced proficiency in Microsoft Excel and MS Office Suite.
- Excellent communication and stakeholder management skills.
- A proactive, problem-solving mindset with the ability to work independently and within a team.
- In-depth experience with cost forecasting, variance analysis, and cost reporting methodologies.
- Knowledge of Earned Value Management (EVM) principles and contractual frameworks.
Desirable Qualifications:
- Degree in Engineering (Mechanical, Civil, Electrical, Chemical), Science, Mathematics, Project/Business Management, or related fields.
- Understanding of the Data Centre industry and market dynamics.
- Project Management certification (e.g., APMP) or membership in a relevant professional body.
- Experience with coaching and mentoring teams.
- Willingness to travel occasionally to project sites across the UK.
This is a fantastic opportunity to contribute to high-value projects within a rapidly growing industry. If you have the expertise and drive to excel in this role, we would love to hear from you!
Senior Cost Analyst employer: GemPool
Contact Detail:
GemPool Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Senior Cost Analyst
✨Tip Number 1
Familiarise yourself with the latest trends in cost analysis and project management, especially within the data centre industry. This knowledge will not only help you during interviews but also demonstrate your genuine interest in the role.
✨Tip Number 2
Network with professionals in the field by attending industry events or joining relevant online forums. Building connections can provide valuable insights and potentially lead to referrals for the Senior Cost Analyst position.
✨Tip Number 3
Prepare to discuss specific examples of your experience with cost forecasting and variance analysis. Being able to articulate your past successes will showcase your expertise and make you a standout candidate.
✨Tip Number 4
Research the company’s recent projects and financial performance. Understanding their current challenges and successes will allow you to tailor your discussions and show how you can add value as a Senior Cost Analyst.
We think you need these skills to ace Senior Cost Analyst
Some tips for your application 🫡
Tailor Your CV: Make sure your CV highlights relevant experience in cost analysis, project controls, and any specific software you have used. Emphasise your achievements in previous roles, particularly those that align with the responsibilities listed in the job description.
Craft a Compelling Cover Letter: Write a cover letter that directly addresses the key responsibilities of the Senior Cost Analyst role. Use specific examples from your past work to demonstrate how you meet the required skills and experience, especially in cost forecasting and variance analysis.
Highlight Relevant Qualifications: If you have a degree in Engineering or related fields, or any project management certifications, make sure these are prominently featured in your application. This will help you stand out as a qualified candidate for the position.
Showcase Communication Skills: Since excellent communication and stakeholder management skills are essential for this role, consider including examples of how you've successfully communicated complex financial information to non-financial stakeholders in your application.
How to prepare for a job interview at GemPool
✨Showcase Your Cost Analysis Expertise
Be prepared to discuss your previous experience in cost analysis and management. Highlight specific projects where you successfully tracked costs, managed budgets, and provided insights that led to financial improvements.
✨Demonstrate Proficiency in Tools
Since strong knowledge of project controls and cost management software is essential, make sure to mention your proficiency in relevant tools. Bring examples of how you've used Microsoft Excel and other software to enhance cost reporting and forecasting.
✨Prepare for Scenario-Based Questions
Expect questions that assess your problem-solving skills. Prepare to discuss how you would handle cost variances or manage invoicing relationships. Use the STAR method (Situation, Task, Action, Result) to structure your responses.
✨Understand the Data Centre Industry
Familiarise yourself with the data centre industry and its market dynamics. Being able to discuss current trends and challenges will demonstrate your interest and commitment to the role, making you a more attractive candidate.
