At a Glance
- Tasks: Lead cost engineering and control for innovative energy projects at Urenco.
- Company: Join Urenco, a global leader in low carbon energy production.
- Benefits: Enjoy generous leave, flexible benefits, and a competitive bonus scheme.
- Why this job: Make a real impact on sustainable energy while developing your career.
- Qualifications: Degree in Engineering or Finance; experience in cost engineering preferred.
- Other info: Diverse and inclusive workplace with strong focus on training and development.
The predicted salary is between 60000 - 75000 £ per year.
Help us to make a world of difference. Urenco is a global leader in the production of low carbon energy. We work at the cutting edge of the transition to a sustainable, net zero world.
In this role, you will provide cost engineering leadership as a hands-on practitioner across the full asset lifecycle for Plant Design and Engineering. You will develop and maintain robust cost models, baselines and forecasts, ensuring full alignment with PMO and Finance, compliance with internal policies and regulatory requirements, and clear reporting that supports effective decision making.
You will be the owner of engineering cost modelling and cost control during design phases, working within the governance framework set by Project Controls. You will also own and maintain the engineering estimating standards, templates and underlying data model, acting as the intelligent customer for cost information across SAP and Primavera P6. The role is critical in safeguarding project value through strong cost controls, rigorous change management and proactive stakeholder engagement.
At Urenco we’re committed to giving you opportunities to be your best. If you feel you meet some, but not all of what we’re looking for, please still apply. We believe in embracing the passion and potential of our people, and to achieve this we offer market leading training and development experiences. Along with the opportunity to be mentored and coached by some of the smartest minds in the industry.
What you’ll do:
- Cost Modelling and Design Phase Control: Lead engineering cost modelling and cost control during all design phases, ensuring clear handovers to PMO, Finance and Commercial. Build and maintain robust parametric and analytical cost models that support accurate forecasting. Set and update integrated cost baselines that align scope, schedule and resources across stakeholders.
- Estimating Standards and Data Governance: Own engineering estimating standards, templates and data models, acting as the intelligent customer for cost data across SAP and Primavera P6. Maintain strong data lineage and version control to ensure accuracy and traceability.
- Change Management and Risk Alignment: Work with PMO to manage change, keeping cost and schedule baselines aligned. Quantify risk and opportunity impacts and support recovery or optimisation plans.
- Contract and Commercial Support: Support contract management, including change order reviews, invoice validation and benchmarking. Provide independent cost challenge to protect commercial value.
- Process Ownership and Continuous Improvement: Define and maintain cost control processes, tools and templates. Manage the complexity classification framework and maintain historical cost and labour databases for continuous improvement.
- Labour Estimation and Advanced Techniques: Lead estimation of senior engineering labour across multiple disciplines. Apply probabilistic techniques such as Monte Carlo analysis for contingency setting on high novelty or R&D work.
- Strategic Cost Advisory: Serve as the primary engineering cost advisor at project initiation, funding submissions and gate reviews. Align estimating assumptions across Engineering, Project Controls and Finance.
- Compliance, Assurance and Reporting: Ensure compliance with internal policies, financial standards and regulatory requirements and maintain audit ready documentation. Produce dashboards and concise narrative reports that highlight performance, risks, opportunities and recommended actions for Design Managers and leadership.
What do you need to thrive in this role?
- Education and Professional Credentials: Bachelor’s degree in Engineering, Finance, Cost Engineering or a related technical field. Advanced qualifications or professional accreditations such as DACE, ACostE or AACE International (CCP or CCE) are preferred.
- Technical and Digital Skills: Strong capability with SAP S4 HANA, Primavera P6 EPPM and advanced Excel including Power Query, Power Pivot and VBA. Power BI expertise. Experience with tools such as @RISK for Monte Carlo analysis, SAP Ariba and Power Automate is desirable.
- Industry and Functional Experience: Five to eight years of experience in cost engineering, project controls or engineering planning within regulated, asset intensive sectors such as nuclear, energy, defence or heavy industry. Proven ability to build cost models from first principles that are accessible for non-specialists. Demonstrated experience integrating cost and schedule to manage baselines and change.
- Estimating and Labour Modelling: Strong experience estimating specialist senior engineering labour across multiple disciplines and design maturity stages.
- Systems Operation and Governance: Hands on experience using SAP and Primavera P6 to control costs, manage commitments, integrate cost and schedule performance using earned value methods and implement approved baseline changes with full audit trail.
What can you expect from us?
More than just a job, we offer a future. More than just a place to work, we provide an opportunity to prosper. As an employee of Urenco you will receive:
- Generous Annual Leave: Starting at 25 days, increasing by one day every two years (up to 30 days), plus 13 additional flexible days. Option to buy or sell up to 5 holiday days.
- Family-Friendly Policies: A wide range of policies to support work-life balance and family needs.
- Bonus Scheme: A competitive bonus scheme based on company and individual performance.
- Pension Scheme: Defined contribution plan with up to 16% employer contribution.
- Private Medical & Dental Cover: Single coverage with the option to purchase additional benefits.
- Flexible Benefits: Life assurance, income protection, and other options tailored to your lifestyle, with tax and National Insurance savings.
- Training & Development: A focus on continuous learning, with personalised training packages to support your career growth, including mandatory health and safety courses.
Security vetting: Due to the nature of the industry that Urenco operates in, all personnel regardless of employment status working for Urenco are required to obtain security clearance at the level required for their role. Security clearances are assessed in accordance with regulations and official guidance issued by the relevant competent authorities for national security vetting. In certain circumstances, additional enhanced security clearance considerations apply to roles within Urenco owing to the particular activities that the Urenco Group undertakes in relation to uranium enrichment. Successful candidates will need to satisfy security requirements, and all offers of appointment are made subject to the successful approval of all checks initiated.
Creating a diverse and inclusive workforce: We are committed to building a diverse and inclusive workplace. As part of this commitment, we are implementing anonymized CV screening. Your CV will be presented without any personal information that could identify you (e.g., name, contact details, age, gender, etc.). This helps us focus on your qualifications and potential, ensuring a fair and unbiased assessment process.
As a truly global company with a presence in the UK, USA, Germany, and the Netherlands, we know that our individual differences make us stronger. Putting people at the heart of our business, we strive to create an open and inclusive workplace that allows every voice to be heard and diversity to thrive. If you require any reasonable adjustments to the recruitment process, please let our talent acquisition team know.
Because together, we are one Urenco. We are enriching the world. And enriching your future.
Senior Cost Engineer employer: URENCO UK Ltd
Contact Detail:
URENCO UK Ltd 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 people in the industry, attend events, and connect on LinkedIn. You never know who might have the inside scoop on job openings or can put in a good word for you.
✨Tip Number 2
Prepare for interviews by researching Urenco and understanding their projects. Tailor your answers to show how your skills in cost engineering align with their mission of low carbon energy.
✨Tip Number 3
Practice makes perfect! Do mock interviews with friends or use online resources to refine your responses. Focus on articulating your experience with cost modelling and project controls clearly.
✨Tip Number 4
Don’t forget to apply through our website! It’s the best way to ensure your application gets seen. Plus, it shows you’re genuinely interested in being part of the Urenco team.
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 experience with cost modelling, project controls, and any relevant software like SAP and Primavera P6. We want to see how your skills align with 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 passionate about the role and how your background makes you a great fit. Don’t forget to mention your commitment to sustainability and how you can contribute to our mission at Urenco.
Showcase Your Achievements: When detailing your experience, focus on specific achievements rather than just duties. Use numbers and examples to demonstrate how you've successfully managed costs or improved processes in previous roles. We love seeing tangible results!
Apply Through Our Website: We encourage you to apply directly through our website. It’s the best way to ensure your application gets into the right hands. Plus, it shows us that you’re genuinely interested in joining our team at Urenco!
How to prepare for a job interview at URENCO UK Ltd
✨Know Your Cost Models
Make sure you’re well-versed in cost modelling techniques and can discuss your experience with parametric and analytical models. Be ready to explain how you've built and maintained these models in past roles, especially in relation to project controls.
✨Showcase Your Technical Skills
Familiarise yourself with SAP S4 HANA, Primavera P6, and advanced Excel functionalities. Prepare examples of how you've used these tools to manage costs and integrate performance metrics. Highlight any experience with Monte Carlo analysis or similar techniques.
✨Demonstrate Change Management Experience
Be prepared to discuss specific instances where you’ve managed change effectively. Talk about how you kept cost and schedule baselines aligned and how you quantified risks and opportunities in previous projects.
✨Engage with Stakeholders
Illustrate your ability to engage proactively with stakeholders. Share examples of how you’ve communicated complex cost information clearly and effectively, ensuring alignment across teams like PMO, Finance, and Engineering.