At a Glance
- Tasks: Manage project budgets, control costs, and provide financial performance reports.
- Company: Leading firm in the power and utilities sector with a focus on innovation.
- Benefits: Competitive salary, professional development opportunities, and a dynamic work environment.
- Other info: Exciting career growth potential in a complex and rewarding industry.
- Why this job: Join a team where your expertise shapes project success and drives impactful change.
- Qualifications: Experience in cost engineering and project management; relevant qualifications preferred.
The predicted salary is between 51750 - 63250 £ per year.
At this level, a Senior Cost Engineer is responsible for independently applying requirements management, budgeting and cost control, financial management, change management, and benefits management, primarily within complex scenarios across P3M (Programme, Portfolio and Project Management). The role demands the ability to develop and agree scope and budgets for projects and/or programmes, and to control both forecast and actual costs against these budgets. This includes providing risk and opportunity analysis as well as managing changes effectively.
Key Responsibilities
- Develop, implement and maintain Project Baseline Budgets, including Control Account Plans, Responsibility Assignment Matrix, and Work Breakdown Structure (WBS) Dictionary (Scope of Work).
- Monitor, control and validate project accruals and commitments, alongside resource and financial forecast data.
- Manage and control cost risk budgets and drawdowns, contributing to the risk management process.
- Oversee financial change management within projects, ensuring alignment with business and contractual requirements.
- Provide comprehensive internal and external financial performance and cost reports, including earned value and variation analysis.
Additional Key Accountabilities
- Ensure cost management aligns closely with project schedules and contracts.
- Maintain cost elements accurately within the ERP system.
- Act as the primary point of contact for clients and project accountants regarding financial budgets and change control.
- Develop internal Cost Breakdown Structures (CBS) and Control Accounts aligned with scope, contract, and WBS.
- Provide cost management support during bid and project initiation phases to ensure correct project setup and initiation.
- Ensure cost management processes align with estimates and the overall estimating strategy.
Company and Industry Knowledge
- Extensive experience applying budgeting and cost control within complex environments.
- Recent and relevant experience within a similar sector or business environment.
- Familiarity with various contracting methodologies, including FIDIC, NEC3-4, JCT, and experience resolving claims and disputes.
- Previous supervisory or line management experience in cost estimating, cost engineering, or project controls.
- Advanced knowledge of cost management techniques and Earned Value Management.
- Proficient in advanced estimating and quantity surveying.
- Experience in quantitative risk analysis.
- Full project lifecycle experience, from bid phase through to project close-out.
Qualifications
- HNC level qualification (or equivalent) in cost engineering or quantity surveying.
- Ideally, a bachelor’s degree in engineering, project management, construction management, or a related discipline.
- ECITB QCF Level 5 Diploma in Cost Engineering (Cost Control).
- Professional qualification and membership, for example APM, Acoste, RICS (or equivalent).
Senior Cost Specialist in Reading employer: Morson Group
As a Senior CATIA Design Engineer, you will join a forward-thinking company that values innovation and collaboration in the aerospace sector. With a hybrid working model that promotes work-life balance and a culture of mentorship, you will have ample opportunities for professional growth while contributing to cutting-edge landing gear systems for both civil and military aircraft. Our commitment to employee development and the use of advanced technology ensures that you will thrive in a dynamic environment that prioritises excellence and teamwork.
StudySmarter Expert Advice🤫
We think this is how you could land Senior Cost Specialist in Reading
✨Join Engineering Meetups!
Get yourself along to local engineering meetups or tech conferences. These are great places to connect with like-minded folks and industry leaders who might just have a lead on that full-time Senior Cost Specialist role you’re after at Morson Group.
✨Show Off Your Projects!
Don’t be shy about showcasing your engineering projects. Whether it’s a funky app, a mechanical design, or a complex algorithm, having a solid portfolio on platforms like GitHub can really make you stand out. Plus, it gives potential employers at Morson Group a taste of what you can bring to the table!
✨Engage with Online Communities
Dive into engineering forums and online communities, like Reddit or specific engineering Discord channels. Sharing your insights, asking questions, and being active can help you build connections that might lead to job opportunities at Morson Group.
✨Apply Through Company Websites
When you spot a role like Senior Cost Specialist at Morson Group, apply directly through their website. Often, this can show your genuine interest in the company and you might just get noticed quicker than via typical job boards.
We think you need these skills to ace Senior Cost Specialist in Reading
Some tips for your application 🫡
Showcase Your Technical Expertise:When applying for an engineering role like Senior Cost Specialist, it’s essential to highlight your technical skills. Include any relevant software or tools you're proficient in on your CV—think CAD software, simulation tools, or programming languages. Don't skimp on any engineering projects you've worked on that demonstrate your ability to solve complex problems.
Focus on Results and Impact:In the engineering world, we love numbers and real-world impact. Quantify your achievements wherever possible—like reducing costs by a certain percentage, improving efficiency, or successfully completing a project ahead of schedule. This gives your future employers at Morson Group a clear picture of the value you can bring.
Craft a Compelling Cover Letter:Use your cover letter to express your passion for engineering and explain why you’re drawn to Morson Group specifically. Share what aspects of their work excite you and how your values align with theirs. This is your chance to show a bit of personality while keeping it professional!
Include Relevant Certifications:If you have any engineering certifications, especially ones that are recognised in your field, make sure to feature them prominently on your CV. They demonstrate not just your knowledge, but also your commitment to professional development, which is something we at StudySmarter value highly.
How to prepare for a job interview at Morson Group
✨Brush Up on Core Engineering Principles
Before heading into the interview with Morson Group, make sure you're solid on the fundamental engineering principles relevant to the role. Be ready to discuss concepts such as thermodynamics, fluid mechanics, or structural analysis, depending on the specifics mentioned in the job description. Don’t skip any hands-on projects or coursework; these can be excellent talking points!
✨Show Off Your Problem-Solving Skills
Expect technical questions or case studies during your interview—after all, engineering is all about solving problems! Prepare a few examples of how you've tackled engineering challenges in the past, whether at university or in any practical experience. Practising with mock technical interviews can really help you articulate your thought process and solutions.
✨Relate Your Experience to the Role
In a full-time role, employers like Morson Group want to see that you can adapt and grow within their team. Be ready to discuss how your previous internships, projects, or studies relate directly to the work you'll be doing. Highlight specific experiences that showcase your collaborative skills and how you've successfully worked within a team environment.
✨Know Your Tools and Software
Most engineering roles require familiarity with specific tools and software. Prepare to talk about your proficiency with programmes like AutoCAD, MATLAB, or SolidWorks if they’re relevant to the role. Even better, have examples of projects where you’ve used these tools, as it'll demonstrate your hands-on experience and readiness for the job.
