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- Tasks: Join us as a Senior Cost Analyst, managing project costs and delivering financial insights.
- Company: GemPool Recruitment connects talent with a leading data centre organisation in London.
- Benefits: Enjoy competitive salary, on-site work, and the chance to impact large-scale projects.
- Why this job: Be part of a dynamic team, enhancing your skills in a rapidly growing industry.
- Qualifications: 5+ years in cost analysis; strong Excel skills and project management knowledge required.
- Other info: Opportunity for occasional travel and professional development in a supportive environment.
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 data centre industry and its specific cost management challenges. Understanding the nuances of this sector will help you speak confidently about how your skills can directly benefit our projects.
✨Tip Number 2
Brush up on your knowledge of Earned Value Management (EVM) principles. Being able to discuss EVM in detail during interviews will demonstrate your expertise and show that you're ready to tackle the responsibilities of the role.
✨Tip Number 3
Prepare examples of past projects where you've successfully managed costs and resolved financial discrepancies. Real-life scenarios will illustrate your problem-solving skills and ability to work collaboratively with teams.
✨Tip Number 4
Network with professionals in the cost analysis and data centre fields. Engaging with industry peers can provide insights into current trends and may even lead to referrals, increasing your chances of landing the job with us.
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 financial reporting. Use keywords from the job description to demonstrate that you meet the specific requirements.
Craft a Compelling Cover Letter: Write a cover letter that showcases your understanding of the data centre industry and your ability to support project managers with cost management. Include specific examples of past achievements related to cost forecasting and variance analysis.
Highlight Relevant Skills: Emphasise your proficiency in Microsoft Excel and any cost management software you've used. Mention your communication skills and problem-solving mindset, as these are crucial for the role.
Showcase Your Experience: Detail your experience with Earned Value Management (EVM) and any project management certifications you hold. This will help demonstrate your capability to handle the responsibilities outlined in the job description.
How to prepare for a job interview at GemPool
✨Showcase Your Cost Analysis Skills
Be prepared to discuss your experience in cost analysis and management. Highlight specific projects where you successfully tracked costs, managed budgets, or conducted variance analysis. Use concrete examples to demonstrate your expertise.
✨Familiarise Yourself with EVM Principles
Since the role involves Earned Value Management, brush up on EVM principles before the interview. Be ready to explain how you've applied these concepts in past roles and how they can benefit the organisation's project controls.
✨Prepare for Stakeholder Management Questions
Expect questions about your communication and stakeholder management skills. Think of instances where you effectively liaised with project teams or resolved cost-related issues, showcasing your ability to work collaboratively.
✨Demonstrate Proactive Problem-Solving
The job requires a proactive mindset, so be ready to discuss how you've tackled challenges in previous roles. Share examples of how you identified cost discrepancies and implemented corrective actions to improve financial processes.
