Cost Specialist

We have an excellent opportunity for a Cost Specialist based in Glasgow with our Client within the Nuclear Industry. BPSS and SC Security Clearance will be required for this role. Candidates must be British Citizens with sole British Passport and not have worked outside the UK during the past 5 years.

The successful Candidate will be responsible for applying requirements management, budgeting & cost control, financial management, change management and benefits management under supervision primarily in non-complex situations. Ability to develop and agree scope/budgets for projects and/or programmes and controlling forecast and actual costs against them. Provision of change management and risk and opportunity management.

Develop/implement and maintain the Project Baseline Budgets including Control Account Plans/Responsibility Assignment Matrix and WBS Dictionary (SOW). Responsible for the monitor, control and validation of project's accruals and commitments and the control of resource and financial forecast data. Management and control of cost risk budget and drawdown and input into the risk management process. Management and control of financial change management on the project and assurance of alignment with the business/contractual requirements.

Provision of internal and external financial performance & cost reports including earned value and variation analysis. Alignment of cost management with schedule and contract. Maintain cost elements within ERP. Key point of contact with the client and the project accountant for all financial budget and change control. Develop appropriate internal CBS and Control Accounts that are aligned to scope, contract and WBS.

Provide cost management support to bid and project initiation phases to ensure project are correctly set up and initiated. Ensure cost management is aligned to the estimates and estimating process. Development and maintenance of Project Assumptions/Exclusions and Dependencies logs with regards to cost management. Contribute to the identification of project risks, quantification of financial impact and cost risk analysis. Managing and controlling project cost risk contingency and its drawdown.

Day to day management, assurance and control of project booking code approval and closure (including purchase orders). Management of the project cost change register and associated impact assessments. Production and submission/management of payment claims to client. Ensuring that the schedule is cost loaded in line with the Baseline budgets. Maintain project EAC's, outturn costs and sales and ensure regular reviews are undertaken with each discipline. Support the PM/Finance Controller in the production and analysis of cost/sale performance.

Outputs / Deliverables:

• Performance Measurement Baseline
• WBS Dictionary (SOW)
• Cost Breakdown Structure (CBS)
• Responsibility Assignment Matrix
• Control Account Plans
• EVM/Cost Reports
• Project Out-turns against CBS
• Payment Claims Key
• Input to Change Register
• Client Variations/Impact Assessments
• Risk/Opportunity and Contingency Registers
• Estimates at Completion
• Lessons learned Updates
• PM Controls Framework

HSSE Responsibilities and Accountabilities:

Responsible for working with the business unit functional departments to identify and deliver improvements in quality, schedule and cost within the project. Identification of Lessons learned back into the business.

Financial Awareness & Management:

Company/Industry Knowledge: Extensive recent and relevant experience in a similar environment/business sector. Extensive experience applying budgeting & cost control in a complex environment. Awareness of various contracting methodologies (e.g. FIDIC/NEC3-4/JCT etc...) including resolution of claims and disputes. Advanced knowledge of cost management techniques and Earned Value Management. Advanced Estimating. Quantity surveying / Quantitative risk analysis experience. Full project lifecycle experience from bid phase through to close out.

QUALIFICATIONS:

HNC level qualification (or equivalent) in cost engineering or quantity surveying. Ideally a bachelor's degree in engineering/project/construction management or a related field. ECITB QCF Level 5 Diploma (or equivalent) in Cost Engineering (Cost Control). A professional qualification and membership (e.g. APM/AcostE/RICS) (or equivalent).

Key:

Detailed knowledge in complex situations and can critically evaluate and adapt as required in the following APM competencies:

• Budgeting and Cost Control - the process for setting agreed budgets and the control of forecast and actual costs against that budget. Use of tolerances and performance management.
• Change Control - the features of a rigorous change control process, and how to establish, implement and maintain a change control process.
• Contract Management - The nature of contracts and statements of work, and the implications for the contracting organisations and the suppliers into this.
• Financial Management - Uses financial information to prepare and deliver overall financial progress reports.
• Requirements Management - the ability to prepare and maintain definitions of the requirements through the project lifecycle including document management of deliverables.
• Schedule Management - The process for developing, baselining and monitoring of an integrated schedule to inform the direction of the project.
• Risk and opportunity identification techniques and the ongoing management and control techniques throughout the project.