Cost Management Specialist
4 days ago
Mace is a leading consulting firm that provides expert advice and services to the pharmaceutical and life sciences sector. As a Cost Consultant, you will play a key role in supporting our team in delivering high-quality projects and ensuring that our clients receive the best possible service.
Key Responsibilities- Safety First
- Advocate for safety first and lead the maintenance of exceptional safety, quality, cost, programme, sustainability, and project compliance standards.
- Be responsible for technical expertise in local health and safety rules and regulations relevant to the project portfolio.
- Champion a diverse and inclusive working environment and understand the importance of the wellbeing of the people you manage.
- Client Focus
- Support cost planning, including ownership of and presenting cost plans to clients and internal stakeholders.
- Support the procurement process, ensuring effective performance of stages including prequalification, enquiry, analysis, selection, and contract preparation.
- Support the delivery of cost management services to deliver key strategic outcomes and KPIs, directly influencing strategic development of plans.
- Undertake and deliver project quantity surveying and cost management services to a high standard in support of contract administration, cost reporting, cashflow forecasting, purchase order management.
- Implement an integrated cost management strategy for the project, leveraging contractor reporting and considering project contracting strategies and team structure.
- Implement the standard work breakdown structure (WBS) principles from the early inception of the project.
- Be responsible for resolution of escalated issues with the contractor's.
- Management and assistance with framework contract, including agreement of annual inflation uplifts, advising on contract strategy, tender preparation, and analysis.
- Lead and support the team in the development of the project control plan for projects.
- Prepare accurate cost reports and forecasts per project requirements on a monthly basis, reviewing inputs from the contractor/supplier base.
- Review cost reports with the project manager and at management levels.
- Develop and maintain reports, including cost analysis and forecasts, cashflows, cost variance performance reporting, contingency, and management reserve rundown trends.
- Perform project commercial and financial control functions, including contract administration, invoice review, purchase requisition support, asset registration, and ensuring project compliance with company policy.
- Develop and maintain project reports, including cost financial analysis and forecasts, cash flows, contingency/management reserve rundown/trends, plus project risk assessments impacting schedule and cost.
- Integrity
- Support management operations that are fiscally and ethically viable, influencing the achievement of business objectives that align with business and legislative compliance obligations.
- Work collaboratively towards the common goal of net zero carbon transition and share responsibility for the proactive identification and management of the associated carbon emissions and reductions during the delivery of work.
- Commit to making a positive impact for our people, our clients, and our planet, and take ownership for holding others to account who do not uphold the Mace values.
- Create Opportunity
- Manage teams, demonstrating effective leadership to ensure excellence in delivery against plans, championing a continuous improvement culture throughout all activities.
- Actively network, innovate, and seek understanding of best practice, utilising the full depth of knowledge of Mace group, the centres of excellence, Mace Way Control Centre, and Knowledge Hub.
- Guide assistant cost consultants and other junior team members to identify and execute opportunities that improve cost management procedures, templates, and products to enhance services provided to stakeholders.
- Previous experience in a cost consultancy practice in a similar role.
- NEC form of contract experience essential.
- Cost planning, budgeting, and estimating experience.
- Sound knowledge and ability to undertake and advise on contract administration.
- Knowledge of value engineering and life cycle costing.
- Strong understanding of industry best practice.
- Capex V opex cost analysis/advice.
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