At a Glance
- Tasks: Assist in managing project costs and ensuring timely payments for materials and labour.
- Company: Join a leading tier one contractor in the construction industry.
- Benefits: Competitive salary, career development opportunities, and a dynamic work environment.
- Why this job: Be part of impactful projects while honing your financial and commercial skills.
- Qualifications: 2+ years as a Cost Engineer or 5 years as a Cost Clerk in construction.
- Other info: Collaborative team culture with opportunities for professional growth.
The predicted salary is between 36000 - 60000 £ per year.
We are currently recruiting on behalf of a tier one contractor, for a Cost Engineer in Wednesbury.
Purpose of the Role
To assist the team (Commercial/Delivery/Finance) in facilitating timely payment of all incoming Materials/Plant/Labour/Sub-Contract works and ensuring the Cost Clerk team maintains the DPO (Days Payment Outstanding) requirements of the business. Collation of commercial data as required by the Project team (Accruals/PO Status/Account Issues). Timely resolution of all account queries with suppliers and delivery teams.
Role Responsibility & Accountability
- Working closely with the SQS/QS you will assist with the cost control of the Project, focusing on labour / plant / materials through tracking of orders and regular reconciliation of costs with budget.
- Timely GRN of all POD's received onto the system, and liaison with the finance team to ensure DPO (Days Payment Outstanding) remains within business tolerance.
- Proactive approach to closing out issues with POD/Invoice issues with suppliers/Delivery Team/Finance.
- Responsible for the accurate and timely cost collation, reconciliation and reporting of data from site records - time and allocation sheets, GRN's, POD's (or delivery team approval if POD missing).
- Liaising with Construction Managers / Supervisors for the completion of these site records and retrieving them from one of the MMA Compounds if necessary.
- Ensuring all labour, plant and material schedules and trackers are maintained and accurate as well as periodic review of the suppliers allocated to each Cost Clerk, assuring balanced workloads.
- Liaising with Sub-contractors & Suppliers for Verification of Hours, Missing POD's, Quantity & Rate errors etc.
- Collation, organisation and reconciliation of spreadsheet data and data from finance / cost / site record systems and entering such records into archive as needed (Scanned/Hard Copy & Digital Records).
- Active participation in weekly planned v actual resource usage reporting from weekly "plan, do and review" meetings.
- Support the Project Commercial team as necessary in the preparation of cost reports, audit responses, evaluation of Sub-Contractor Applications & issuing of payment notices & GRN on system.
- Undertake any other reasonable duties as requested.
- Working in close cooperation with Delivery Managers around commercial performance/Purchase Order Utilisation/Missing Tickets/Problem Suppliers.
- Review of Purchase Order utilisation & notification to project teams of orders approaching or exceeding 100% utilisation. Reporting same at weekly project review meetings as required.
- Work closely with the Finance and project teams to ensure all processes are followed as required. Identify non-conformance and elevate concerns to line management.
- Participating in project management team.
- Providing interface with Suppliers & Sub-Contractors.
Person Specification
Working in a finance or commercial function within the engineering or construction sector having hands on experience working for contractors as a CE on large civils or infrastructure projects.
Working knowledge of finance systems - Cost and budget administration - Financial and commercial reporting - Good working knowledge of Microsoft Office (Excel/Outlook) - Working knowledge of PowerBI - Highly organised and detail driven - Full UK Driving licence.
Qualifications
Minimum 2 years' experience as a CE with a proven track record in major projects or five years' experience of Cost Clerk in similar industry.
Desirable
- Member of Acoste/AACEI/ICEC or other professional body.
- Degree Qualified in relevant field (Finance/Construction/Mathematics/Business).
- Knowledge of Copernic/Jade/Lisa cost control systems.
Please contact Harry Sharrard in the Birmingham office for more information on 0121 200 5520, or via LinkedIn.
Cost Engineer in Wednesbury employer: Morson Edge
Contact Detail:
Morson Edge Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Cost Engineer in Wednesbury
✨Tip Number 1
Network like a pro! Reach out to your connections in the construction and engineering sectors. Let them know you're on the hunt for a Cost Engineer role. You never know who might have the inside scoop on job openings or can put in a good word for you.
✨Tip Number 2
Prepare for interviews by brushing up on your knowledge of cost control systems and financial reporting. Be ready to discuss your experience with managing budgets and resolving account queries. Show them you’re not just a number cruncher, but someone who can actively contribute to the team!
✨Tip Number 3
Don’t forget to follow up after interviews! A quick thank-you email can go a long way in keeping you top of mind. Mention something specific from your conversation to show you were engaged and are genuinely interested in the role.
✨Tip Number 4
Apply through our website for the best chance at landing that Cost Engineer position. We love seeing applications directly from motivated candidates like you. Plus, it shows you’re serious about joining our team!
We think you need these skills to ace Cost Engineer in Wednesbury
Some tips for your application 🫡
Tailor Your CV: Make sure your CV is tailored to the Cost Engineer role. Highlight your experience in finance and commercial functions, especially if you've worked on large civils or infrastructure projects. We want to see how your skills match what we're looking for!
Showcase Relevant Experience: In your application, emphasise your hands-on experience as a Cost Engineer or Cost Clerk. Mention specific projects where you’ve managed costs, reconciled budgets, or liaised with suppliers. This will help us see your practical knowledge in action.
Be Clear and Concise: When writing your application, keep it clear and to the point. Use bullet points for key achievements and responsibilities. We appreciate straightforward communication, so make it easy for us to see your qualifications at a glance!
Apply Through Our Website: We encourage you to apply through our website for the best chance of getting noticed. It’s the easiest way for us to track your application and ensure it reaches the right people. Don’t miss out on this opportunity!
How to prepare for a job interview at Morson Edge
✨Know Your Numbers
As a Cost Engineer, you'll be dealing with a lot of financial data. Brush up on your knowledge of cost control, budgeting, and financial reporting. Be ready to discuss specific examples from your past experience where you successfully managed costs or resolved financial discrepancies.
✨Familiarise Yourself with Tools
Make sure you're comfortable with the software mentioned in the job description, like Microsoft Excel and PowerBI. If you have experience with Copernic, Jade, or Lisa, highlight that too. Being able to demonstrate your proficiency with these tools can set you apart from other candidates.
✨Prepare for Scenario Questions
Expect questions that ask how you would handle specific situations, such as resolving account queries or managing supplier relationships. Think of examples from your previous roles where you tackled similar challenges and be ready to explain your thought process.
✨Show Your Team Spirit
This role involves working closely with various teams, so be prepared to discuss how you collaborate with others. Share examples of how you've worked with construction managers, finance teams, or suppliers to achieve project goals. Highlighting your teamwork skills will show that you're a good fit for their collaborative environment.