At a Glance
- Tasks: Support cost management for the HS2 project, ensuring accurate budget and performance reporting.
- Company: Join HS2 Ltd, the UK's pioneering high-speed rail network.
- Benefits: Competitive salary, flexible benefits, and opportunities for personal and professional growth.
- Other info: Inclusive culture promoting diversity and continuous improvement.
- Why this job: Be part of a transformative project that boosts the economy and creates jobs.
- Qualifications: Experience in cost management or finance, with strong analytical and communication skills.
The predicted salary is between 40500 - 49500 £ per year.
Job Description
Location: The role is based in our London office at The Podium, Euston and requires a minimum of three days per week office attendance.
Salary
Base salary: £50,119 pa to c.£58,000 pa depending on skills and experience.
In addition, we offer flexible benefits fund of 20% which is paid on top base salary and is fully pensionable, as well as a range of competitive benefits - check them out in the Benefits section on our website.
This role is responsible for supporting the Head of Cost and Estimating at a programme and contract level.
This includes supporting the management of budgets, actual costs, forecasts and Earned Value Management (EVM) to support the successful delivery of HS2.
HS2 Ltd endeavours to ensure everyone working for us and with us feels included, thrives and achieves their full potential.
In practice, this means we are positive and inclusive about making adjustments, providing flexible working, encouraging our staff networks to flourish and providing personal and professional development opportunities.
About the role
- To be accountable for supporting on the analysis and verification of contract level cost performance and ensure the data accurately reflects the current programme performance for onwards reporting.
- Managing estimating and cost planning activities to include taking ownership of monthly cost reporting and cost variance analyses.
- To be responsible for supporting on the validation of cost performance data submitted by delivery teams to the programme team as part of communicating overall programme performance.
- To be responsible for assisting with the development of contract level performance reports to communicate current performance to the programme team, including Earned Value Management (EVM), forecasted costs and Estimate at Completion (EAC) pressures and other KPIs.
- To be responsible for ensuring that the cost performance team are aligned to the current business processes and ways of working from a delivery perspective.
- To be accountable for supporting the Senior Cost Manager to ensure adherence with cost performance processes and procedures across the respective programme and also for storing and maintaining data and documents accurately within the corporate systems.
- To be accountable for providing technical support and advice to the Project Controls Managers on cost performance to support the successful delivery of the HS2 project.
- To be responsible for facilitating continuous improvement of the Cost Performance function within the Phase One programme and ensure that lessons learnt are captured and presented back to the team.
- To be responsible for ensuring that the Delivery Teams are working to the current governance processes and review policies in order to ensure they are in line with strategic business objectives.
- Actively promote and embed Equality, Diversity and Inclusion (EDI) in all your work.
About you
- Stakeholder management - ability to manage stakeholders within a matrix environment, including the facilitation of stakeholder meetings and information flow.
- Able to solve problems with attention to detail. Ability to prepare, review & update project budgets.
- Communication skills - clear communicator with the ability to deliver clear presentations which engage and influence colleagues and external stakeholders.
- Data analysis - able to analyse and interpret data and produce accurate, timely and informative reports in multiple formats adapted to the needs of the audience.
- Possess strong IT skills particularly Advanced Excel skills. Able to use other Microsoft applications (e. g. Outlook, Word, Power Point, etc.).
- Knowledge
- Knowledge of Project Controls, Commercial and Finance processes and how these operate.
- Knowledge of property industry is desirable but not essential.
- Knowledge of the core Project Controls disciplines, including Schedule Management, Change Management and Risk Management.
- Knowledge of baseline development and maintenance of baselines on a major programme is desirable but not essential.
- Type of experience
- Experience in cost management, project control or finance role within a major project.
- Experience in the core project controls functions, including; baseline maintenance, schedule management, cost performance, change management, risk management, performance reporting and document control or equivalent finance experience.
- Experience in managing and producing performance reports that summarise cost performance, including: budgets, Earned Value Management (EVM) and forecasts on major projects or experience in finance budget and forecast management.
- Experienced in the management and use of core cost management systems (e. g. Prism, Ecosys, etc.).
The post-holder is expected to behave at all times in a manner consistent with the HS2 values of Safety, Leadership, Integrity and Respect.
It is expected that you will actively promote and embed Equality, Diversity and Inclusion (EDI) in all your work and support and comply with all organisational initiatives, policies and procedures on EDI.
About Us
High Speed 2 (HS2 Ltd) will be the UK's new high speed rail network.
As well as improving capacity, the new scheme will shorten journey times between a number of Britain's major population centres, boost the economy and create thousands of jobs.
HS2 Ltd will create a skills legacy and develop a diverse range of talent.
We aim to be a leader in EDI practice by creating a safe & inclusive working environment for all our staff - living our values of Safety, Respect, Integrity and Leadership.
In practice, this means we are positive and inclusive about making adjustments, providing flexible working, encouraging our staff networks to flourish and providing personal and professional development opportunities.
HS2 Ltd is also a safety-critical organisation.
Employees are required to ensure reasonable care of their own and others' health and safety by taking personal responsibility for working to our 'Safe at Heart' programme principles and following safe working procedures at all times.
HS2 Ltd endeavours to ensure everyone working for us and with us feels included, thrives and achieves their full potential.
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Cost Manager L&P in London employer: HS2 (High Speed Two)
HS2 Ltd is an exceptional employer, offering a dynamic work environment in London that fosters collaboration and inclusivity. With a strong focus on employee growth, we provide opportunities for professional development while ensuring a supportive culture that values every team member's contributions. Join us to be part of a transformative project that not only shapes the future of transport but also prioritises your career advancement and well-being.
StudySmarter Expert Advice🤫
We think this is how you could land Cost Manager L&P in London
✨Join Construction Networks
Get yourself involved in local construction networks or industry events. They often have job boards, and networking can lead to unadvertised positions. Plus, it’s a great way to meet potential future colleagues!
✨Show Off Your Skills on Site
If you’ve done any hands-on work, whether it's through internships or personal projects, make sure you can showcase it. Consider volunteering for local construction projects or getting involved in community build days; it’s a solid way to demonstrate your skills and build connections.
✨Utilise Construction Job Sites
Don't just rely on the big job boards. Look at niche construction job sites—many companies prioritise these for full-time roles. Apply through these sites, but don’t forget to reach out directly to companies you admire, like HS2 (High Speed Two), to express your interest!
✨Tailor Your Application for Full-Time Roles
Make your application stand out by tailoring it specifically for full-time positions. Highlight how your previous projects align with the company's work. At StudySmarter, we encourage you to demonstrate your commitment and long-term interest in the industry when applying for roles like Cost Manager L&P at HS2 (High Speed Two).
We think you need these skills to ace Cost Manager L&P in London
Some tips for your application 🫡
Showcase Your Relevant Experience:In the construction industry, it's essential to highlight any hands-on experience you have. Whether it’s past projects you've worked on or specific roles you've held, make sure your CV emphasises your practical skills and contributions to construction sites.
Include Certifications and Qualifications:Don’t forget to list any certifications relevant to construction, like CSCS cards or other safety qualifications. These can really set you apart from other candidates and show that you’re serious about health and safety on-site.
Tailor Your Cover Letter to Construction:When writing your cover letter for a construction role, focus on your problem-solving capabilities and teamwork. Construction relies heavily on collaboration, so mention how you’ve worked successfully with others to complete projects on time and within budget.
Adapt Your CV Format to the Field:Ensure your CV is clear and easy to read, with sections dedicated to skills such as project management, technical abilities, and site supervision. Construction roles often require a blend of technical know-how and soft skills, so make sure both are highlighted effectively.
How to prepare for a job interview at HS2 (High Speed Two)
✨Brush Up on Technical Knowledge
For a construction role, it's crucial we have a solid grasp of industry standards, safety protocols, and specific tools used on-site. Make sure you're familiar with relevant regulations and can talk confidently about them, as these often come up in interviews.
✨Showcase Your Projects
Since this is a full-time position, be ready to discuss any previous construction projects you've worked on. Bring a portfolio or have detailed descriptions that highlight your role, the challenges you faced, and how you overcame them—this’ll show you’re not just book-smart but also practically savvy.
✨Understand the Team Dynamics
Construction is all about teamwork, so prepare to discuss how you interact with different stakeholders like architects, engineers, and contractors. Maybe think of examples from past experiences to illustrate your ability to communicate and collaborate effectively.
✨Prepare for On-the-Spot Problem Solving
Be ready for some practical questions or scenarios where you'll need to demonstrate your problem-solving skills. Interviewers might present you with a hypothetical construction issue to solve, so practice articulating your thought process clearly and logically—this could really set you apart!
