At a Glance
- Tasks: Manage project costs, forecasts, and performance analysis to ensure timely delivery.
- Company: Leading engineering consultancy in the nuclear sector with a focus on innovation.
- Benefits: Competitive hourly rate, hybrid working, and long-term contract until February 2027.
- Other info: Opportunity for BPSS Clearance and career growth in a supportive environment.
- Why this job: Join a dynamic team and make a real impact in the nuclear industry.
- Qualifications: Relevant professional qualification and significant experience in cost engineering.
Long-Term Contract (Until February 2027)
Rate: £55.60 per hour
Working hours: 4 days per week (37.5 hours total)
Hybrid working: 2 days based in Suffolk office, 2 days remote
Location: Sizewell A, Suffolk
Our client is a leading engineering consultancy that provides services to the nuclear sector. As a Cost Engineer, you will provide comprehensive cost management support including cost forecasting, performance analysis, change control, and post-contract cost activities ensuring projects are delivered on time, on budget, and to the highest standard.
Key Responsibilities
- Report to the Project Manager for service delivery and to the Function Lead for functional standards.
- Participate in project reviews, audits, and self-assessments to maintain compliance.
- Prepare and manage project change controls and baseline management.
- Establish and implement effective cost capture, coding, and reporting structures (Work Orders, POs, CBS).
- Align project controls with contractual obligations, driving improvements where needed.
- Manage time bookings, charge codes, and resource tracking for accurate cost allocation and forecasting.
- Track manpower productivity and provide actionable insights to project leadership.
- Conduct post-contract cost management activities including payment certifications, Compensation Events (CE), and contract close-out.
- Validate and analyse supply chain cost data to support accurate forecasting.
- Prepare and maintain ETC, ACWP, and CPI reports.
- Support Value Engineering studies and cost efficiency initiatives.
- Prepare and maintain Baseline Change Proposals (BCP), sanction proposals, and Basis of Estimate (BoE) documentation.
- Participate in cost studies and benchmarking exercises.
- Contribute to continuous improvement through knowledge sharing, mentoring, and training within the project controls team.
Education / Qualifications
- Relevant professional qualification (e.g. ACMA, ACostE Incorporated, or equivalent experience)
- Membership of a relevant professional body (e.g. ACostE, AACE, RICS)
Experience / Knowledge
- Significant experience in a project-based environment
- Strong background in cost engineering, management accounting, or cost management
- Demonstrable knowledge of Earned Value Management (EVM) and reporting techniques
- Experience with post-contract administration (NEC, ICE, JCT, FIDIC)
- Solid understanding of risk management, cost/schedule integration, and performance analysis
- Skilled in identifying, analysing, and solving complex project cost challenges
Please note, all candidates will gain BPSS Clearance prior to starting. For more information, please contact Scarlet Wilson.
Cost Engineer employer: Morson Talent
Our client is an exceptional employer, offering a dynamic work environment in West Yorkshire where Supplier Quality Engineers can thrive. With a strong commitment to employee development and a collaborative culture, the company provides extensive training opportunities and encourages continuous improvement, allowing you to make a meaningful impact on supplier performance and product quality in a highly regulated engineering sector.
StudySmarter Expert Advice🤫
We think this is how you could land Cost Engineer
✨Tip Number 1
Network like a pro! Reach out to your connections in the engineering and nuclear sectors. We all know that sometimes it’s not just what you know, but who you know. Attend industry events or webinars to meet potential employers and get your name out there.
✨Tip Number 2
Prepare for those interviews! Research the company and understand their projects, especially in cost management. We recommend practising common interview questions related to cost engineering and having examples ready that showcase your skills in forecasting and performance analysis.
✨Tip Number 3
Show off your expertise! Create a portfolio that highlights your previous work in cost management, including any successful projects you've been part of. We want to see your ability to manage budgets and deliver results, so make sure it’s clear and concise.
✨Tip Number 4
Apply through our website! It’s the best way to ensure your application gets noticed. We’ve got a streamlined process that makes it easy for you to showcase your skills and experience directly to the hiring team. Don’t miss out!
We think you need these skills to ace Cost Engineer
Some tips for your application 🫡
Tailor Your CV:Make sure your CV is tailored to the Cost Engineer role. Highlight your relevant experience in cost management and project-based environments, and don’t forget to mention any qualifications or memberships that align with what we’re looking for.
Craft a Compelling Cover Letter:Your cover letter is your chance to shine! Use it to explain why you’re the perfect fit for this role. Mention specific projects where you’ve successfully managed costs or improved efficiencies, and show us your passion for the nuclear sector.
Showcase Your Skills:In your application, be sure to showcase your skills in Earned Value Management and post-contract administration. We want to see how you’ve tackled complex cost challenges in the past, so give us some solid examples!
Apply Through Our Website:We encourage you to apply through our website for a smoother process. It’s the best way for us to keep track of your application and ensure it gets the attention it deserves. Plus, it shows you’re keen on joining our team!
How to prepare for a job interview at Morson Talent
✨Know Your Numbers
As a Cost Engineer, you'll need to demonstrate your understanding of cost management principles. Brush up on key metrics like Earned Value Management (EVM) and be ready to discuss how you've applied these in past projects. This shows you’re not just familiar with the theory but can also implement it effectively.
✨Showcase Your Experience
Prepare specific examples from your previous roles that highlight your experience in project-based environments. Talk about how you managed change controls or conducted performance analysis. Real-life scenarios will help the interviewers see your practical skills in action.
✨Understand the Company’s Needs
Research the engineering consultancy and its work in the nuclear sector. Understand their projects and challenges. Tailor your responses to show how your skills align with their needs, especially in areas like cost forecasting and compliance.
✨Ask Insightful Questions
Prepare thoughtful questions to ask at the end of the interview. Inquire about their approach to cost efficiency initiatives or how they handle post-contract activities. This not only shows your interest but also gives you insight into their operations and culture.
