At a Glance
- Tasks: Manage cost control for exciting capital projects and ensure budget accuracy.
- Company: Join INEOS, a leader in innovative engineering solutions.
- Benefits: Competitive pay, flexible working, and opportunities for professional growth.
- Other info: Dynamic role with a chance to work in a collaborative environment.
- Why this job: Be a key player in multi-million-pound projects and make a real impact.
- Qualifications: Experience in Cost Engineering and strong Excel skills are essential.
The predicted salary is between 40000 - 50000 £ per year.
Provide independent, transparent cost control across a complex portfolio of capital projects, turnarounds and operating expenditure. Act as a trusted advisor to budget holders, challenging assumptions and driving cost discipline. Support delivery of a multi-million-pound portfolio through robust forecasting, risk identification and early intervention.
MyTrack (contractor management software) coordination across multiple term contractors, ensuring efficient daily settlement, system integrity and issue resolution.
What does the day to day look like?
- Deliver monthly cost reporting including Value of Work Done (VOWD) and forward forecasts, with clear insight into risks and variances.
- Lead monthly cost reviews with budget holders, providing challenge and driving accountability for spend and forecast accuracy.
- Monitor project commitments and expenditure to ensure alignment with approved budgets and sanction limits.
- Validate contractor spend and VOWD through system interrogation and engagement with delivery teams to ensure accurate, auditable reporting.
- Manage and control project change through robust tracking and reporting of change orders, ensuring transparency between actual and forecast costs.
- Proactively identify cost trends and emerging risks, escalating early and supporting corrective actions.
- Ensure timely and accurate closure of purchase orders and full financial close of projects and work scopes.
- Coordinate MyTrack processes across several term contractors driving daily settlement process, coordinating the INEOS authorisers and vendor timekeepers, providing support and troubleshooting errors and overrides.
What do I need?
- Appropriate Quantity Surveying or Cost Engineering qualification beneficial but not essential.
- Previous experience in a Cost Engineering role required with experience working in multi-stakeholder environments.
- Familiarity with Maximo/SAP/PowerBI/MCI myTrack systems desirable along with strong Excel skills showing confidence working with detailed cost estimates and cost reports.
- Strong commercial acumen and the ability to challenge constructively.
- Self-starter and comfortable with communications at all levels in the organisation.
Job Details
- Location: Grangemouth, United Kingdom
- Discipline: Finance
- Type: Contract
- Business: INEOS Grangemouth
- Posted: 15 June 2026
- Closing Date: 28 June 2026
- Requisition ID: 1958
Cost Engineer - (Maternity Cover) in Grangemouth employer: INEOS Belgium
At INEOS Grangemouth, we pride ourselves on being an exceptional employer, offering a dynamic work environment that fosters collaboration and innovation. Our commitment to employee growth is evident through continuous training opportunities and a culture that encourages open communication and accountability. Located in the heart of Grangemouth, we provide our team with the chance to work on impactful projects while enjoying a supportive atmosphere that values transparency and excellence.
