Cost Engineer

Cost Engineer

England Full-Time 36000 - 60000 £ / year (est.) No home office possible
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At a Glance

  • Tasks: Join our PMO team as a Cost Engineer, managing project cost performance and reporting.
  • Company: Rullion is dedicated to diversity and equal opportunities in the workplace.
  • Benefits: Enjoy hybrid working options with a flexible schedule in Suffolk or London.
  • Why this job: Be part of a dynamic environment where your analytical skills drive project success.
  • Qualifications: Degree-level education and strong Excel skills are essential; experience in cost engineering is a plus.
  • Other info: This role offers a chance to work on major projects and improve cost management processes.

The predicted salary is between 36000 - 60000 £ per year.

UKAEA is leading the drive to put fusion energy on the grid, to give the world a new form of long-term, sustainable low-carbon electricity. At their sites at Culham, Oxfordshire and Rotherham, South Yorkshire, they have a rapidly growing workforce to fulfil their expanding programme of research, focused on delivering the UK’s first fusion prototype power plant by 2040.

We are looking for a Cost Engineer.

Accountabilities:

  1. Provide visible and effective leadership on cost engineering within major programmes at UKAEA and work with the programme manager to deliver the business case benefits and outcomes within budget.
  2. Lead the development of key budgets, providing guidance on best practice.
  3. Develop clear vision and standards for cost engineering and champion the use of best practice cost prediction and tracking standards, tools and processes such as earned value, SPI, CPI and variance from forecast.
  4. Build strong networks both internally and externally. Work with UKAEA finance team to ensure that cost assumptions are underpinned by agreed annual rates.
  5. Apply advanced knowledge in the discipline of cost engineering for the analysis and successful resolution of risks and issues and identification of opportunities.
  6. Identify future capacity and capability needs of the cost engineering function and put in place strategies to meet them.
  7. Build and maintain external networks to access technical and professional best practice.
  8. Analyse performance data, looking at trends to identify areas for improvement and collaboration, providing commentary on spend variance. Select appropriate methods and tools to resolve challenges. Lead on design of dashboards and key reports.
  9. Provide specialist advice and support to ensure successful delivery of projects. Provide guidance and advice to the Programme and Project Managers during initiation phase on selection of cost management approach, tools, processes and proportionality.
  10. Identify and lead the introduction of best practice cost tracking processes, tools and templates, using industry standard best practice as a benchmark. Build cost engineering capability.
  11. Responsible for identifying project cost requirements and developing and implementing methods to effectively and accurately track and report actual cost expenditure.
  12. Responsible for liaising with project team to prepare and monitor forecasted expenditure baselines and profiles.
  13. Maintain regular communication with project team to update forecast and Estimate at Completion.
  14. Perform data analysis to review trends in costs (including forecast to actuals variance) and give early warning of potential budget overruns.
  15. Prepare and report cost data as required to meet ad-hoc Project requests and for proposals, negotiations etc.
  16. Involved in change management process.
  17. Produce and communicate monthly cost KPIs.

Qualifications Required:

Project management qualification, membership of a relevant professional body (e.g. ACosteE) or other relevant cost qualification.

Experience Required:

Expert in leading budgeting, tracking and forecasting for large programmes. Good ability to deal with ambiguity. Expert at influencing. Expert at presenting complex data in a simple manner, and to aid delivery professionals with understanding their data. Excellent MS Excel skills and strong analytical skills. Self-starter, highly motivated with a strong track record in previous roles who enjoys problem solving and improving working practices. Experience in working with Primavera or another similar enterprise planning tool to obtain forecast data. Degree in a scientific, mathematics or economics discipline preferable but not essential.

Rullion celebrates and supports diversity and is committed to ensuring equal opportunities for both employees and applicants.

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Cost Engineer employer: Rullion Managed Services

At Rullion, we pride ourselves on being an exceptional employer, offering a dynamic work culture that fosters collaboration and innovation. As a Cost Engineer in our Suffolk office, you'll benefit from hybrid working arrangements, competitive compensation, and opportunities for professional growth within a supportive team environment. Join us to contribute to meaningful projects while enjoying a workplace that values diversity and encourages continuous development.
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Contact Detail:

Rullion Managed Services Recruiting Team

StudySmarter Expert Advice 🤫

We think this is how you could land Cost Engineer

✨Tip Number 1

Familiarize yourself with the specific cost engineering tools mentioned in the job description, such as PRISM, EcoSys, or Cobra. Having hands-on experience or even a basic understanding of these tools can set you apart from other candidates.

✨Tip Number 2

Highlight your experience with Earned Value Methodologies (EVM) during the interview. Be prepared to discuss how you've applied EVM in past projects to track performance and manage costs effectively.

✨Tip Number 3

Showcase your ability to communicate complex cost data clearly. Practice explaining cost performance metrics in simple terms, as this will demonstrate your capability to liaise with both technical and non-technical stakeholders.

✨Tip Number 4

Network with professionals in the project controls and cost engineering fields. Attend relevant industry events or join online forums to connect with others who may provide insights or referrals for the position.

We think you need these skills to ace Cost Engineer

Cost Control
Cost Estimating
Cost Analysis
Earned Value Methodologies
Excel and Microsoft Office Proficiency
Data Interpretation
Problem-Solving Skills
Attention to Detail
Communication Skills
Project Controls Experience
Cost Engineering Tools (e.g., PRISM, EcoSys, Cobra)
Forecasting Skills
Proactive Attitude
Ability to Work in a Fast-Paced Environment

Some tips for your application 🫡

Understand the Role: Make sure you fully understand the responsibilities and requirements of the Cost Engineer position. Highlight your relevant experience in cost control, project management, and any specific tools mentioned in the job description.

Tailor Your CV: Customize your CV to reflect the skills and experiences that align with the job description. Emphasize your proficiency in Excel, cost engineering functions, and any experience with Earned Value Methodologies.

Craft a Strong Cover Letter: Write a compelling cover letter that showcases your enthusiasm for the role and how your background makes you a perfect fit. Mention specific examples of your past work that demonstrate your ability to analyze cost data and support project teams.

Proofread Your Application: Before submitting, carefully proofread your application materials for any errors or inconsistencies. A polished application reflects your attention to detail, which is crucial for a Cost Engineer.

How to prepare for a job interview at Rullion Managed Services

✨Showcase Your Cost Engineering Knowledge

Be prepared to discuss your understanding of cost engineering functions, including cost estimating, cost control, and cost analysis. Highlight any relevant experience you have with forecasting tools like PRISM or EcoSys.

✨Demonstrate Your Analytical Skills

Since the role involves analyzing project cost information, be ready to provide examples of how you've successfully interpreted and analyzed cost data in previous positions. Discuss any earned value methodologies you've used.

✨Communicate Effectively

The ability to communicate cost and performance information is crucial. Practice explaining complex cost concepts in a clear and concise manner, as you may need to present this information to peers and managers.

✨Prepare for Problem-Solving Scenarios

Expect questions that assess your problem-solving skills. Think of specific instances where you've identified and resolved issues related to cost management, and be ready to share these experiences during the interview.

Cost Engineer
Rullion Managed Services
R
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