At a Glance
- Tasks: Deliver insightful cost control and financial performance analysis for projects.
- Company: Dynamic company focused on innovative project management solutions.
- Benefits: Competitive salary, flexible working hours, and opportunities for professional growth.
- Other info: Fast-paced environment with a focus on teamwork and career advancement.
- Why this job: Join a team where your analytical skills can drive impactful project success.
- Qualifications: Experience in cost engineering or project controls; strong Excel skills required.
The predicted salary is between 40000 - 50000 £ per year.
Job Purpose
Deliver accurate, timely and insightful cost control across the assigned contract, division or business unit. Provide the Project/Contract Manager/Director and key stakeholders with clear visibility of financial performance through robust budgeting, forecasting, analysis, control measures and reporting.
Responsibilities
- Prepare and issue high-quality client cost reports and deliverables, including trend analysis, risk commentary and narrative.
- Attend and contribute to all contract cost meetings, ensuring effective discussion and decision-making.
- Establish baseline budgets and forecasts and monitor performance against these throughout the project lifecycle.
- Support the preparation, verification and submission of cost estimates and variation orders.
- Identify, track and report risks, changes, growth and variations.
- Produce regular cost reports in line with internal and client requirements.
- Work closely with planning to integrate cost and schedule data for earned value analysis.
- Analyse Earned Value, Value of Work Done, progress metrics and other performance indicators.
- Support month-end processes, ensuring accurate cost and WIP accruals.
- Provide clear commentary on variances between actual and forecast margins.
- Prepare timely and accurate invoicing.
- Support internal and external audits to ensure compliance with cost control procedures and templates.
- Maintain cost risk allowances, contingency drawdown and tracking.
- Contribute to risk reviews and mitigation planning.
- Provide early warnings and forward-looking insights to stakeholders.
- Support stage-gate reviews and project assurance activities.
Skills & Qualifications
Essential:
- Experience in a similar cost engineering or project controls role.
- Strong working knowledge of project controls principles and practices.
- Proficient in Excel with strong analytical capability.
- Working knowledge of databases and cost management systems.
Desirable:
- Degree qualified in Business, Finance or Cost Engineering.
Key Competencies
- Excellent attention to detail and accuracy.
- Diligent, disciplined and highly organised.
- Strong numeracy and analytical skills.
- Effective communication and interpersonal skills.
- Ability to work under pressure and meet deadlines.
The duties and responsibilities outlined in this job description are intended to provide an overview of the general nature and level of work performed by employees within this role. It is not an exhaustive list of all responsibilities, duties, and skills required. The role holder may be required to perform other duties as assigned, which are not listed here but are necessary to meet the business needs of the company.
Cost Engineer employer: nexos
As a leading employer in the construction and engineering sector, we pride ourselves on fostering a collaborative and innovative work culture that empowers our Cost Engineers to excel. Our commitment to employee growth is evident through comprehensive training programmes and clear career progression paths, all set against the backdrop of a vibrant location that offers both professional and personal enrichment. Join us to be part of a team that values accuracy, insight, and impactful contributions to project success.
StudySmarter Expert Advice🤫
We think this is how you could land Cost Engineer
✨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 nexos. 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 nexos.
✨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 nexos. 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 Cost Engineer
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 nexos 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 nexos how you can be a team player!
How to prepare for a job interview at nexos
✨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 nexos.
✨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 nexos'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!
