At a Glance
- Tasks: Manage project budgets, track costs, and analyse financial performance.
- Company: Dynamic company focused on innovative project management solutions.
- Benefits: Competitive salary, flexible hours, and opportunities for professional growth.
- Other info: Collaborative environment with potential for travel and career advancement.
- Why this job: Join a team where your analytical skills can drive project success.
- Qualifications: Experience in project cost controls and proficiency in SAP or WBS.
The predicted salary is between 40000 - 50000 £ per year.
The Project Cost Controls professional is responsible for planning, monitoring, analysing, and reporting project costs to ensure projects are delivered within approved budgets. The role requires hands-on experience in Work Breakdown Structure (WBS) and/or SAP to manage cost tracking, forecasting, and financial reporting across the project lifecycle.
Key Responsibilities & Accountabilities
- Develop and maintain project budgets aligned with approved scope and WBS
- Establish cost control structures using WBS and cost codes
- Support project baseline creation and budget revisions
- Track actual costs against budget and forecast using SAP or WBS-based systems
- Identify cost variances, trends, and potential overruns
- Prepare cost forecasts, cash flow projections, and estimate-at-completion (EAC)
- Prepare weekly and monthly cost reports for project stakeholders
- Analyse cost performance and provide corrective action recommendations
- Support earned value management (EVM) where applicable
- Maintain accurate cost data within SAP (CO, PS, or related modules) or WBS tools
- Ensure correct cost allocation, commitments, accruals, and change impact
Knowledge, Skills and Abilities
- Experience in Project Cost Controls or Project Controls
- Proven experience with WBS-based cost control and/or SAP (Project Systems / Controlling)
- Experience in budget tracking, forecasting, and cost variance analysis
- Strong knowledge of:
- Work Breakdown Structures (WBS)
- Cost codes and budget controls
- Forecasting and cash flow analysis
- Hands-on experience with:
- SAP and/or cost control systems
- MS Excel (advanced level); Power BI or similar tools are an advantage
Education and Experience
- Bachelor’s degree in engineering, Finance, Accounting, Quantity Surveying, or a related field
- Typically requires an undergraduate degree and broad experience or equivalent.
Standard Office Environment
May be required to travel and/or have overnight trips. Hours worked may exceed regular schedule.
Physical Effort
Little chance of injury. Duties may involve sitting, standing, keyboarding with frequent flexible breaks.
The above list of job duties is not exclusive or exhaustive and the post holder will be required to undertake such tasks as may reasonably be expected within the scope and grading of the post. Job descriptions should be regularly reviewed to ensure they are an accurate representation of the post.
Generic Level Descriptions
Fully qualified to execute on job accountabilities working independently on most aspects of work. Begins to manage medium to moderately complex projects; coaches and mentors others on project management issues that are supported by supervisor. Focus is on task management vs. resource and staff management. Manages own time to meet agreed targets; develops plans for specifics work activities in own area over the short/medium term.
Complexity, Expertise & Problem Solving
Works on problems of diverse scope. Solves complex problems, takes on new perspective on existing solutions. As a seasoned, experienced professional has developed a full understanding and expertise in area of specialization. Resolves a wide range of issues in creative ways. Identifies key issues and patterns in moderately complex situations; takes a broad perspective to problems and spots new, less obvious solutions.
Decision Making & Autonomy
Has decision-making authority and autonomy needed to deliver on accountabilities within job; seeks approval from others on matters outside of job scope; makes decisions regarding work and development of project team members when required. Exercises judgment in selecting methods and techniques for obtaining solutions. Adapts information/style to the audience, explains difficult issues clearly, establishes consensus, attains agreement. Builds internal and external relationships, with emphasis on those that facilitate the achievement of job accountabilities, such as relationships with key suppliers, customers and internal service providers. Ensures commitments to internal and external client are met in a timely and cost-effective manner. Interprets client needs, and internal/external business issues, assessing the full requirements; identifies solutions to non-standard tasks/queries in own discipline. May take action to monitor and control costs within own work area. Normally receives little instruction on day-to-day work and on new assignments. Seeks and provides candid and timely feedback to improve performance; shares information in an open manner; fosters teamwork and innovation by involving others in problem solving, decision making and creative thinking.
Project Cost Controller employer: Navantia UK
As a Project Cost Controller, you will thrive in a dynamic work environment that values collaboration and innovation. Our company offers competitive benefits, a supportive culture that encourages professional growth, and opportunities to work on diverse projects that make a real impact. Located in a vibrant area, we provide a unique blend of work-life balance and career advancement, making us an excellent employer for those seeking meaningful and rewarding employment.
StudySmarter Expert Advice🤫
We think this is how you could land Project Cost Controller
✨Tip Number 1: Tap Into Professional Networks
The finance world loves a good connection, so jump into industry-specific groups on platforms like LinkedIn where you can find discussions on financial controlling. Engaging in these communities can expose you to hidden job leads that aren't openly advertised!
✨Tip Number 2: Attend Finance Events and Conferences
Make it a mission to attend finance-related events and conferences, even virtual ones! This is a golden opportunity to network face-to-face with people from companies like Navantia UK. You never know who might be your next boss or a crucial contact!
✨Tip Number 3: Showcase Your Expertise
Consider writing articles or sharing insights related to financial controlling or industry trends. Publish these on platforms like LinkedIn to establish yourself as a knowledgeable player in the field. This not only increases your visibility but also catches the attention of recruiters from Navantia UK.
✨Tip Number 4: Apply Directly on Company Websites
Since you're going for a full-time gig, don't forget to keep an eye on the careers page of companies you're interested in, like Navantia UK. Many companies prefer candidates who apply through their website as it shows genuine interest and makes your application stand out!
We think you need these skills to ace Project Cost Controller
Some tips for your application 🫡
Show Off Your Numbers Game:In financial controlling, detail is everything! Make sure your CV showcases your proficiency with numbers—highlight any relevant experience in budgeting, forecasting, or working with financial software. Quantifying your past achievements will make you stand out, so don’t be shy about flaunting those impressive percentages or cost savings you've implemented.
Tailored Cover Letter is Key:Your cover letter is a chance to shine, especially for a full-time role. Use it to express your genuine interest in Navantia UK and the specific impact you hope to make in financial controlling. Mention any relevant qualifications or experiences that align with the company’s goals, and don’t forget to show that you're ready for a long-term commitment!
Certifications Matter:List relevant certifications such as ACCA or CIMA on your CV. These qualifications not only showcase your dedication to the field but also your technical competence in financial principles. If you have any ongoing training or courses, make sure to mention those as well to demonstrate your commitment to continual learning in financial controlling.
Don’t Overlook Soft Skills:While numbers are crucial, so are those soft skills! Financial controllers need strong communication and analytical reasoning abilities. We recommend embedding examples of these skills in your CV and cover letter, like how you’ve successfully delivered financial reports to stakeholders or collaborated with teams to improve processes. Let’s show Navantia UK how you can be a team player!
How to prepare for a job interview at Navantia UK
✨Brush Up on Technical Skills
Make sure you're comfortable with key financial concepts, especially around forecasting, budgeting, and variance analysis. Sometimes, interviewers may throw in technical questions or case studies, so practicing these types of scenarios will help you shine!
✨Showcase Your Financial Acumen
If you've had experience with specific financial software like SAP or Oracle, make it known! Be ready to discuss how you used these tools to improve processes or reporting, as this hands-on knowledge can really set you apart in a full-time role with Navantia UK.
✨Know Your Numbers
In full-time interviews, especially in financial controlling, be prepared for numerical reasoning tests or questions. Brush up on your mental maths and understand how to interpret and analyse financial statements on the spot, as this may come up during the assessment.
✨Connect with Company Goals
Familiarise yourself with Navantia UK's financial objectives and any recent developments. During the interview, try to weave your understanding of their business model and challenges into your answers—this shows your genuine interest and alignment with their goals!
