At a Glance
- Tasks: Manage project costs and provide guidance to Cost Engineers while ensuring accurate reporting.
- Company: Join PD&MS, a leader in engineering solutions for the energy industry since 2002.
- Benefits: Enjoy a hybrid working model, competitive salary, and opportunities for professional development.
- Why this job: Make a real impact in the energy transition while working on exciting projects.
- Qualifications: HND or equivalent in a relevant subject with experience in cost management.
- Other info: Be part of a diverse team that values individual strengths and promotes inclusivity.
The predicted salary is between 36000 - 60000 £ per year.
The Senior Cost Engineer is responsible for the effective management, control and reporting of project costs for larger projects in a consistent manner and in accordance with all relevant Company policies and procedures. This full‑time employee role is available on a hybrid working model (3/2) at our office in Grangemouth.
Responsibilities
- Management and provision of guidance and assistance to Cost Engineers
- Work proactively with relevant PRP to ensure that commitments and costs are tracked and controlled
- Provide Cost Engineering service to the contract with responsibility for the accurate Cost Reporting of complete projects or individual elements within major projects
- Work proactively and meet with client representatives
- Generate and maintain accurate cost reports in a format and frequency that provides clear visibility of the status of expenditure against budgets for internal use
- Produce regular cost reports for clients as required by the Contract Agreement or Company requirements detailing CTR and CVO values, client approved PO values, billed to date, committed costs, forecast final costs, as a minimum for external reporting
- Identify variances in project budget and in conjunction with PRP expediently implement corrective actions
- Regularly monitor man‑hour expenditure versus budget and physical progress, ensuring potential over‑runs are identified and actioned in a timely manner
- In conjunction with the PRP, responsible for the management and expedient recovery of Work in Progress costs
- Maximise sales invoicing on an on‑going basis through awareness of project status and billing milestones
- Actively participate in project kick‑off and progress meetings
- Review and commercially approve CTRs / CVOs and terms and conditions
- Review and approve client Purchase Orders / PD&MS Contract Review sheets in accordance with contract requirements
- Evaluate outgoing RFQ’s, carry out bid evaluations and provide recommendation for subsequent Purchase Orders in conjunction with the PRP, for 3rd party services
- In conjunction with the PRP review and approve all Purchase invoices ensuring compliance with budget
- Liaise directly with Finance to ensure sales invoices are prepared and issued in a timely manner and resolve invoicing queries
- Proactive in the provision of improvement proposals to streamline the invoicing / cost reporting process
- Establish and maintain close working relationships with Finance, Procurement, Planning and Commercial Teams
- Proactively identify and highlight areas of concern or commercial risks to Commercial Manager
- Responsible for ensuring professional development is maintained and identified competency requirements are undertaken in a timely manner
- Adherence to the Company Integrated Management System
Qualifications
- HND or equivalent in a relevant subject
Experience / Competence
- Competent in the use of MS applications
- Demonstrable experience in similar projects
- Proficient in reviewing and interpreting plans and schedules
- Demonstrable People Management experience
- Excellent written and spoken English
Personal Attributes
- Go the extra mile
- Empower our people
- Never get complacent
- Engage our partners
- Step up and deliver
About Us
PD&MS has been engineering solutions in the energy industry and beyond since 2002, our ability to combine innovative ideas with technical expertise sets us apart. A flexible, full‑service provider committed to supporting the energy transition, we deliver high‑quality project work across the entire lifecycle of assets within the oil and gas, renewables and nuclear sectors. But whoever we work with, it’s the energy, professionalism and purpose of our people that really makes the difference.
We firmly believe in a work culture in which: individual differences are a source of collective strength and pride; everybody can perform to the best of their abilities and on a level playing field; and all colleagues feel they’re part of our team and their voices will be heard. We’re already heartened by the diversity within our organisation, but we recognise that there’s always more we can do to improve further. We welcome applications from all persons regardless of race, religion, colour, national origin, gender, sexual orientation, age, marital status, veteran or disability status.
We’re energised by the prospect of operating successfully today, tomorrow and far into the future. But we’re also driven to ensure that our business activities are conducted in socially responsible, morally acceptable and sustainable ways.
Senior Cost Engineer employer: PD&MS Group
Contact Detail:
PD&MS Group Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Senior Cost Engineer
✨Tip Number 1
Network like a pro! Reach out to your connections in the industry, attend relevant events, and don’t be shy about letting people know you’re on the hunt for a Senior Cost Engineer role. You never know who might have the inside scoop on an opportunity!
✨Tip Number 2
Prepare for interviews by researching the company and its projects. Familiarise yourself with their cost management processes and be ready to discuss how your experience aligns with their needs. Show them you’re not just another candidate, but someone who truly understands their business.
✨Tip Number 3
Practice your pitch! Be clear about your skills and experiences that make you a great fit for the Senior Cost Engineer position. Highlight your ability to manage costs effectively and your proactive approach to problem-solving. Confidence is key!
✨Tip Number 4
Don’t forget to apply through our website! It’s the best way to ensure your application gets seen by the right people. Plus, it shows you’re genuinely interested in joining our team at PD&MS. Let’s get you on board!
We think you need these skills to ace Senior Cost Engineer
Some tips for your application 🫡
Tailor Your CV: Make sure your CV is tailored to the Senior Cost Engineer role. Highlight your relevant experience and skills that match the job description. We want to see how you can bring value to our team!
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 and how your background aligns with our company values. Let us know what makes you tick!
Showcase Your Achievements: Don’t just list your responsibilities; showcase your achievements! Use specific examples of how you've managed costs or improved processes in previous roles. We love seeing results!
Apply Through Our Website: We encourage you to apply through our website for a smoother application process. It helps us keep track of your application and ensures you don’t miss any important updates from us!
How to prepare for a job interview at PD&MS Group
✨Know Your Numbers
As a Senior Cost Engineer, you'll need to demonstrate your proficiency in managing project costs. Brush up on key financial metrics and be ready to discuss how you've tracked and controlled costs in previous projects. Bring examples of cost reports you've generated and be prepared to explain the methodologies behind them.
✨Showcase Your People Skills
This role involves guiding and assisting other Cost Engineers, so highlight your people management experience. Think of specific instances where you empowered your team or resolved conflicts. Be ready to discuss how you engage with clients and internal teams to ensure smooth project execution.
✨Be Proactive About Problem-Solving
The job requires identifying variances and implementing corrective actions swiftly. Prepare to share examples of when you've proactively identified issues in project budgets or timelines and how you addressed them. This shows your ability to think on your feet and take initiative.
✨Understand the Company Culture
PD&MS values a diverse and inclusive work environment. Familiarise yourself with their mission and values, and think about how your personal attributes align with theirs. During the interview, express your commitment to teamwork and continuous improvement, which are key to thriving in their culture.