At a Glance
- Tasks: Develop and manage cost estimates for exciting digital transformation projects.
- Company: Response Informatics, a dynamic player in the defence sector.
- Benefits: Competitive contract rates, hybrid working, and opportunities for professional growth.
- Other info: Work in a collaborative environment with a focus on compliance and governance.
- Why this job: Join a team where your financial insights drive impactful projects.
- Qualifications: Degree in Engineering or Finance; experience in cost engineering is a plus.
The predicted salary is between 40000 - 50000 £ per year.
We are currently hiring a Project Cost Engineer for an exciting client engagement.
Location: Bristol and Andover UK (Hybrid – 2 days per week mandatory at the client site)
Positions: Contract (Outside IR35)
Clearance: Active SC Clearance (Mandatory)
Job Summary
Key Responsibilities
- Cost Estimation and Planning: Develop and maintain detailed cost estimates for all phases of digital transformation projects. Collaborate with project managers, engineers, and stakeholders to establish realistic budgets.
- Budget Management: Monitor project budgets and expenditures, ensuring alignment with financial objectives. Prepare cost forecasts and provide insights into potential variances.
- Cost Control and Reporting: Implement cost control measures to manage project financial performance effectively. Generate detailed cost reports and provide regular updates to project stakeholders.
- Risk and Variance Analysis: Identify and analyze cost risks and variances, recommending mitigation strategies as needed. Conduct sensitivity analyses to evaluate the financial impact of project changes.
- Collaboration and Communication: Work closely with procurement teams, contractors, and suppliers to ensure cost efficiency. Serve as the primary point of contact for cost-related queries and discussions.
- Governance and Compliance: Ensure adherence to defence financial regulations and reporting standards. Maintain accurate and comprehensive documentation of cost management activities.
Qualifications and Experience
- Education: Bachelor’s degree in Engineering, Finance, or a related field. Professional certifications (e.g., CCP, PMP, or AACE) are advantageous.
- Experience: Proven experience in cost engineering, project controls, or financial management within defence, aerospace, or similarly complex sectors. Familiarity with defence-specific cost management standards and practices. HM Treasury Green Book guidance and standards.
- Technical Skills: Proficiency in cost estimation tools and financial analysis.
Cost Engineer in Southampton employer: Response Informatics
At Response Informatics, we pride ourselves on being an exceptional employer, offering a dynamic work environment in the vibrant cities of Bristol and Andover. Our hybrid working model promotes a healthy work-life balance, while our commitment to employee development ensures that you will have ample opportunities for growth and advancement in your career. Join us to be part of a collaborative culture that values innovation and excellence in the defence sector.
StudySmarter Expert Advice🤫
We think this is how you could land Cost Engineer in Southampton
✨Tip Number 1
Network like a pro! Reach out to your connections in the industry, especially those who work in defence or project management. A friendly chat can lead to insider info about job openings that aren't even advertised yet.
✨Tip Number 2
Prepare for interviews by practising common questions related to cost engineering. We recommend using the STAR method (Situation, Task, Action, Result) to structure your answers. This will help you showcase your experience and skills effectively.
✨Tip Number 3
Don’t forget to research the company! Understanding their projects and values can give you an edge during interviews. Plus, it shows you're genuinely interested in the role and the organisation.
✨Tip Number 4
Apply through our website for the best chance of landing that Project Cost Engineer role. We keep an eye on applications that come directly from us, so make sure you get your application in there!
We think you need these skills to ace Cost Engineer in Southampton
Some tips for your application 🫡
Tailor Your CV:Make sure your CV is tailored to the Project Cost Engineer role. Highlight your experience in cost estimation and budget management, and don’t forget to mention any relevant certifications you have. We want to see how your skills match 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. Share specific examples of your past work in cost control and reporting, and show us your enthusiasm for the position. We love a good story!
Showcase Your Technical Skills:Don’t hold back on showcasing your technical skills in cost estimation tools and financial analysis. Make sure to include any software or methodologies you’re familiar with that are relevant to the defence sector. We appreciate candidates who can hit the ground running!
Apply Through Our Website:We encourage you to apply through our website for a smoother application process. It helps us keep everything organised and ensures your application gets the attention it deserves. Plus, it’s super easy – just a few clicks and you’re done!
How to prepare for a job interview at Response Informatics
✨Know Your Numbers
As a Project Cost Engineer, you'll need to demonstrate your expertise in cost estimation and budget management. Brush up on your financial analysis skills and be ready to discuss specific examples of how you've developed and maintained cost estimates in previous roles.
✨Showcase Collaboration Skills
Collaboration is key in this role, so prepare to talk about your experience working with project managers, engineers, and stakeholders. Think of instances where you successfully communicated complex cost information or resolved budget-related issues through teamwork.
✨Understand Defence Regulations
Since this position involves adherence to defence financial regulations, make sure you're familiar with relevant standards and practices. Be prepared to discuss how you've ensured compliance in past projects and how you would approach governance in this new role.
✨Prepare for Scenario Questions
Expect questions that assess your ability to handle cost risks and variances. Prepare to walk through a scenario where you identified a financial risk and the steps you took to mitigate it. This will show your analytical skills and proactive approach to cost control.
