Cost Engineer

Cost Engineer

Cheshire Full-Time 43200 - 72000 £ / year (est.) No home office possible
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At a Glance

  • Tasks: As a Cost Engineer, you'll manage project costs and performance metrics for major projects.
  • Company: Join Turner & Townsend, a global leader in professional services with over 22,000 employees worldwide.
  • Benefits: Enjoy a flexible work environment that promotes work-life balance and personal growth.
  • Why this job: Be part of impactful projects that improve lives while working in a diverse and inclusive culture.
  • Qualifications: Ideal candidates are graduates with experience in project controls and cost management systems.
  • Other info: We celebrate diversity and encourage applications from all backgrounds.

The predicted salary is between 43200 - 72000 £ per year.

Turner & Townsend is a global professional services company with over 22,000 people in more than 60 countries. Working with our clients across real estate, infrastructure, energy and natural resources, we transform together delivering outcomes that improve people’s lives. Our capabilities include programme, project, cost, asset and commercial management, controls and performance, procurement and supply chain, net zero and digital solutions.

Cost Engineers support major projects and organisations in the delivery of accurate and timely project information relating to performance against the project baselines. The cost engineer would drive the cost performance reporting for the project including all Earned Value Management metrics associated with key project commitments and expenditures.

Duties

  • Development of project cost control data structures to accurately track and control actual costs
  • Establishing and setting the project control budget aligned with agreed baselines
  • The tracking of actual costs both for internal and external expenditure against the cost controls structures
  • The tracking and control of project accruals and commitments against set budget constraints
  • The build of project forecast to include for estimated work to complete (ETC) and the development of the estimate at complete (EAC)
  • The accurate and timely reporting of all project information including Earned Value Management
  • The tracking of project contingency and exposure associated with risk events and remaining risks on the project
  • The tracking of project change control to ensure alignment with agreed baselines and control data structures
  • The tracking of key project trends which can inform future change controls

Qualifications

Typically, a qualified graduate in a relevant discipline with proven working experience in the delivery of project controls services for major projects or programmes. Additionally, we would welcome applicants who are CIMA qualified.

Experience

Delivered cost engineering across a range of major projects, preferably across multiple sectors. Worked across the full project lifecycle including for pre-investment decision, design development, execution, and commissioning phases. Has experience in working to cost engineering procedures and processes, and the ability to define project cost procedures and standards to which the project and/or programme will adhere to. Highly conversant with cost management systems such as Prism and Ecosys, including for the interface with corporate finance systems such as SAP and Oracle. The cost engineer would have an appreciation of business rules, and how project funding and performance aligns with business financial account requirements within the project or programme environment.

Additional Information

Our inspired people share our vision and mission. We provide a great place to work, where each person has the opportunity and voice to affect change. We want our people to succeed both in work and life. To support this we promote a healthy, productive and flexible working environment that respects work-life balance. Turner & Townsend is an equal opportunity employer. We celebrate diversity and are committed to creating an inclusive environment for all employees and actively encourage applications from all sectors of the community.

Cost Engineer employer: TURNER & TOWNSEND-1

Turner & Townsend is an exceptional employer, offering a dynamic work culture that prioritises collaboration and innovation. With a commitment to employee growth, we provide ample opportunities for professional development and a healthy work-life balance, ensuring that our team members thrive both personally and professionally. Located in a vibrant environment, our employees benefit from being part of a global network that delivers impactful projects across various sectors, making every day at Turner & Townsend a rewarding experience.
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Contact Detail:

TURNER & TOWNSEND-1 Recruiting Team

StudySmarter Expert Advice 🤫

We think this is how you could land Cost Engineer

✨Tip Number 1

Familiarise yourself with Earned Value Management (EVM) metrics, as they are crucial for the Cost Engineer role. Understanding how to report on project performance against baselines will give you a significant edge during interviews.

✨Tip Number 2

Gain hands-on experience with cost management systems like Prism and Ecosys. Being able to demonstrate your proficiency with these tools can set you apart from other candidates.

✨Tip Number 3

Network with professionals in the industry, especially those who work at Turner & Townsend or similar companies. Engaging with them on platforms like LinkedIn can provide insights into the company culture and expectations.

✨Tip Number 4

Stay updated on the latest trends in project controls and cost engineering. Showing that you are knowledgeable about current practices and innovations can impress interviewers and demonstrate your commitment to the field.

We think you need these skills to ace Cost Engineer

Cost Control Management
Earned Value Management (EVM)
Budgeting and Forecasting
Data Analysis
Project Lifecycle Management
Cost Engineering Procedures
Risk Management
Change Control Processes
Cost Management Systems (e.g., Prism, Ecosys)
Financial Reporting
Communication Skills
Attention to Detail
Problem-Solving Skills
Stakeholder Management
Adaptability

Some tips for your application 🫡

Understand the Role: Before applying, make sure you fully understand the responsibilities of a Cost Engineer. Familiarise yourself with key terms like Earned Value Management and project cost control to demonstrate your knowledge in your application.

Tailor Your CV: Customise your CV to highlight relevant experience in cost engineering and project controls. Include specific examples of projects you've worked on, particularly those that align with Turner & Townsend's sectors.

Craft a Compelling Cover Letter: Write a cover letter that not only outlines your qualifications but also expresses your enthusiasm for the role and the company. Mention how your values align with Turner & Townsend’s mission to improve people's lives through impactful projects.

Highlight Relevant Qualifications: If you have qualifications such as CIMA or experience with cost management systems like Prism or Ecosys, be sure to mention these prominently in your application. This will show that you meet their specific requirements.

How to prepare for a job interview at TURNER & TOWNSEND-1

✨Understand the Role

Make sure you thoroughly understand the responsibilities of a Cost Engineer. Familiarise yourself with key terms like Earned Value Management, project baselines, and cost control data structures. This will help you answer questions confidently and demonstrate your knowledge.

✨Showcase Relevant Experience

Prepare to discuss your previous experience in cost engineering, especially across major projects. Highlight specific examples where you successfully managed costs, tracked expenditures, or developed project forecasts. This will show that you have the practical skills needed for the role.

✨Familiarity with Tools

Be ready to talk about your experience with cost management systems such as Prism and Ecosys, as well as corporate finance systems like SAP and Oracle. If you have any certifications or training in these tools, mention them to strengthen your candidacy.

✨Cultural Fit

Turner & Townsend values diversity and inclusivity, so be prepared to discuss how you align with their company culture. Share examples of how you've contributed to a positive work environment in the past, and express your enthusiasm for being part of a team that values collaboration and innovation.

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