Senior Cost Specialist

We have a new opportunity for a Senior Cost Specialist based in Glasgow with our Client within the Nuclear / Defence 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 independently primarily in complex situations across P3M.
• Developing and agreeing scope/budgets for projects and/or programmes and controlling forecast and actual costs against them.
• Provision of risk & opportunity analysis on these budgets and change management.
• Developing, implementing and maintaining the Project Baseline Budgets including Control Account Plans/Responsibility Assignment Matrix and WBS Dictionary (SOW).
• Monitoring, controlling and validating 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 and maintaining cost elements within ERP.
• Being the key point of contact with the client and the project accountant for all financial budget and change control.
• Developing appropriate internal CBS and Control Accounts that are aligned to scope, contract and WBS.
• Providing cost management support to bid and project initiation phases to ensure projects are correctly set up and initiated.
• Ensuring cost management is aligned to the estimates and estimating process.
• Analysing, vetting and interrogating the Contract Specification to ensure a full and detailed understanding and interpretation of the Customer requirements including Project gate and phase reviews for the Project Life cycle.
• Leading on the continuity between estimating and project delivery.
• Development and maintenance of Project Assumptions/Exclusions and Dependencies logs with regards to cost management.
• Contributing 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 and production and submission/management of payment claims to client.
• Ensuring that the schedule is cost loaded in line with the Baseline budgets and maintaining project EAC's, outturn costs and sales and ensuring regular reviews are undertaken with each discipline.
• Supporting the PM/Finance Controller in the production and analysis of cost/sale performance, What-if cost modelling scenarios, and support to commercial management.
• Govern alignment of integrated schedule to project change register and budgets/forecasts.
• Recording of lessons learned in company LFE register.
• Control account Close out reports and support to final project close out report.
• Attending and contributing to the business Project Controls Communities of Practice.

Key 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 / Quality Responsibilities and Accountabilities / Continuous Improvement Responsibilities and Accountabilities / Financial Awareness & Management / Commercial Responsibilities and Accountabilities.

Company/Industry Knowledge:

• Significant experience of applying budgeting & cost control in a complex environment.
• Extensive recent and relevant experience in a similar environment / business sector.
• Awareness of various contracting methodologies (e.g. FIDIC/NEC3-4/JCT etc...) including resolution of claims and disputes.
• Previous experience of supervisory / line management in cost estimating, cost engineering or project controls environment.
• Advanced knowledge of cost management techniques.
• Advanced knowledge of 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 in Cost Engineering (Cost Control).
• Have a professional qualification and membership (e.g. APM/Acoste/RICS) (or equivalent).