Cost Engineer

Cost Engineer

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

  • Tasks: Support major projects by delivering accurate cost performance reporting and tracking project expenditures.
  • Company: Join Turner & Townsend, a global leader in professional services with over 22,000 people worldwide.
  • Benefits: Enjoy a flexible working environment that promotes work-life balance and personal growth.
  • Why this job: Be part of impactful projects that improve lives while developing your skills in a supportive culture.
  • Qualifications: Ideal for graduates with experience in project controls; CIMA qualification is a plus.
  • 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.

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 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) principles, as this is a key aspect of the Cost Engineer role. Understanding how to track project performance against baselines will give you an edge in discussions during interviews.

✨Tip Number 2

Network with professionals in the cost engineering field, especially those who have experience with major projects. Engaging with industry peers can provide insights into the role and may even lead to referrals.

✨Tip Number 3

Gain proficiency in cost management systems like Prism and Ecosys. Being able to demonstrate your technical skills with these tools can set you apart from other candidates.

✨Tip Number 4

Research Turner & Townsend's recent projects and their approach to cost management. Showing that you understand their business model and values during your interview can make a strong impression.

We think you need these skills to ace Cost Engineer

Cost Control Management
Earned Value Management (EVM)
Budgeting and Forecasting
Project Lifecycle Understanding
Cost Engineering Procedures
Data Analysis and Reporting
Risk Management
Change Control Processes
Cost Management Systems (e.g., Prism, Ecosys)
Financial Acumen
Attention to Detail
Communication Skills
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 management. Include specific examples of projects you've worked on, particularly those that align with the sectors mentioned in the job description.

Craft a Compelling Cover Letter: Write a cover letter that connects your skills and experiences directly to the requirements of the role. Mention your familiarity with cost management systems like Prism and Ecosys, and how your qualifications align with the expectations of Turner & Townsend.

Showcase Your Qualifications: If you have relevant qualifications, such as being CIMA qualified, make sure to highlight these prominently in your application. This will help you stand out as a candidate who meets the professional standards expected for the role.

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

✨Understand Cost Engineering Fundamentals

Make sure you have a solid grasp of cost engineering principles and practices. Be prepared to discuss your experience with cost control data structures and how you've tracked actual costs in previous projects.

✨Familiarise Yourself with Relevant Software

Since the role requires knowledge of cost management systems like Prism and Ecosys, ensure you're comfortable discussing these tools. If you have experience with SAP or Oracle, highlight that as well.

✨Prepare for Scenario-Based Questions

Expect questions that assess your problem-solving skills in real-world scenarios. Think about past projects where you had to manage budgets, track expenditures, or handle change controls, and be ready to share those experiences.

✨Showcase Your Teamwork Skills

Turner & Townsend values collaboration, so be prepared to discuss how you've worked effectively within teams. Share examples of how you've partnered with others to achieve project goals and improve outcomes.

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