Cost Engineer

Job Title: Cost Engineer
Contract Type: Permanent
Location: Gloucester, Gloucestershire
Salary: Negotiable
Start Date: ASAP
Reference: J909893_1643707735
Contact Name: Jack Brown
Contact Email:
Job Published: February 01, 2022 09:28

Job Description

Here at Russell Taylor, we are looking for an experienced Cost Engineer to work on one of our client's projects based in Gloucester. The Cost Engineer is responsible for providing cost management support to the work portfolio and will monitor, control, and forecast the costs during the Project lifecycle.

Key Responsibilities:
* Take ownership of the cost trackers
* Work with the Project Managers to ensure contracts and forecasts are effectively managed
* Control, monitor, analyse and report cost related aspects for designated projects
* Implement the correct and appropriate cost management tool for the project
* Assist in development and use of Project Control Structures (CBS, OBS, WBS etc.)
* Understand the basis of the estimate
* Ensure all cost and contract transactions on a project are understood and managed
* Ensure all variances to the cost baseline are communicated
* Ensure the necessary cost management interface is in place with Finance and ensure regular communications
* Active involvement in the change process, understanding the reasons for and factors influencing each change to the project's cost baseline plus the implications of such change
* Continually monitor Project Risk and Change status to maintain current forecast
* Review and understand, with the assistance of the Planning Engineer, the schedule progress and its alignment to the Project Control Structure
* Liaise with Project team members and contractors with regards to progress and financial forecasting
* Update the Cost Tool to comply with Project Reporting Cycles.
* Challenge cost variances against the baseline plan
* Ensure integration with the project Planning Engineer to maintain an aligned financial position with the project plan]

Knowledge, Skills and Experience:
* Breadth of experience across whole project and programme lifecycle (e.g. Engineering, Procurement, Construction, Installation/Commissioning processes), preferably in a highly regulated environment
* High level of numeracy and excellent analytical skills
* The ability to reconcile cost information as it applies to the programmes of work
* Proficient in the use of estimating, scheduling, programming and risk tools
* Proficient in the use of Earned Value Analysis
* Good attention to detail with good time management skills
* Relevant experience in Project Controls and/or Project Delivery, preferably in a highly regulated environment
* Evidence of strong engineering background, ideally within a safety/regulated environment

* Minimum of HNC/HND ideally in a cost related discipline or relevant experience
* MACostE desirable

Important Information: We endeavour to process your personal data in a fair and transparent manner. In applying for this role, Russell Taylor will be acting within your interest and will contact you in relation to the role, either by email, phone or text message. For more information see our Privacy Policy h t t p s : / / w w w . r u s s e l l - t a y l o r . c o . u k / p r i v a c y - p o l i c y on our website. It is important you are aware of your individual rights and the provisions the company has put in place to protect your data. If you would like further information on the policy or the GDPR please contact us on h r @ r u s s e l l - t a y l o r . c o . u k

Get similar jobs like these by email

By submitting your details you agree to our T&C's