Cost Management Specialist

2 weeks ago

Salford, United Kingdom Redd Brick Recruitment Full time

About Redd Brick Recruitment:


Redd Brick Recruitment is on the lookout for a dedicated professional with a solid history of successfully executing construction initiatives across various sectors.

We are currently in search of a Cost Management Specialist to become an integral part of our team, overseeing projects that encompass diverse residential developments.


Cost Management Specialist Role:


In the role of Cost Management Specialist, you will be a vital contributor to the project team, tasked with managing the financial and contractual aspects of the designated segments of the project.

Your proficiency will be essential in guaranteeing the project's economic viability while ensuring it meets the highest standards of quality, adheres to budget constraints, and is completed on time.


Cost Management Specialist Responsibilities:

  • Performing detailed cost analysis and creating precise financial plans
  • Overseeing the procurement process for subcontractors, including negotiation and finalization of terms.
  • Tracking project expenditures and changes, offering proactive financial guidance and control strategies
  • Ensuring adherence to contractual commitments and effective risk management
  • Collaborating with the project team to resolve commercial challenges and identify cost-efficient solutions
  • Managing the preparation and submission of monthly financial performance reports
  • Conducting cost and value reconciliations, along with interim and final account settlements
  • Providing guidance and mentorship to Junior Cost Management Specialists
  • The position will encompass general Cost Management duties but will not be restricted to these tasks alone.

Cost Management Specialist Requirements:

  • Relevant degree in Cost Management or a related discipline
  • Strong knowledge of various construction contract types
  • Exceptional negotiation, communication, and interpersonal abilities
  • A proactive and collaborative mindset towards problem-solving
  • Experience in managing projects within the residential sector
  • Proven commercial management experience on projects exceeding £10m

Cost Management Specialist Benefits:

  • Competitive remuneration package including car allowance and access to a healthcare program
  • Opportunities for professional growth and career progression
  • Engagement in high-profile projects
  • A supportive and dynamic work environment that promotes teamwork and innovation.

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