Cost Management Specialist
4 days ago
We are seeking a highly skilled Cost Management Specialist to join our team in the UK. In this role, you will have the opportunity to work on exciting new Defence Framework projects and contribute to the delivery of best-in-class project control solutions.
About the OpportunityOur client has over 50 years' experience working in the construction industry, delivering projects and programmes in partnership with clients. We have a wide pool of experienced resources using proven delivery systems and processes that are benchmarked as best in class.
This is a great opportunity for an experienced Cost Control Manager to join our growing team and take on a challenging role that will allow you to utilise your skills and expertise to drive excellence in project control.
Job DescriptionReporting to the Cost Management Lead, this role is responsible for developing and managing project budgets and forecasts, monitoring costs and expenses, and implementing cost control measures to aid the optimisation of costs profiling without compromising quality and schedules.
- Developing and managing project budgets and forecasts;
- Monitoring costs and expenses, highlighting variances and challenging discrepancies to ensure budgets stay within contractual constraints;
- Implementing cost control measures to aid the optimisation of costs profiling without compromising quality and schedules;
- Using cost databases, historical data and trend analysis to review and interpret cost information for effective decision making by senior leaders;
- Working in collaboration with Project teams to provide cost-related insights and support throughout the project lifecycle;
- Seeking opportunities to further improve cost estimation methods, streamline processes and enhance efficiencies in cost management;
- Monitoring and clearing of internal business issues – DSO, Aged Debt, delayed invoicing, forecast accuracy and application for payment peer reviews;
- Effectively communicating cost-related information and insights to diverse stakeholders, including presenting findings and sharing recommendations;
To be successful in this role, you will need:
- Significant knowledge or qualification in a recognised programme/project management methodology, e.g. MSP, Prince, APM and experience of NEC4 Contract;
- Demonstrable experience of working in a major / complex infrastructure project and working in a matrix organisation;
- Team-oriented leader with the ability to work closely with peers; delegate, motivate and empower individuals and teams;
- Earned Value Management (EVM);
- Experience across all stages of the project life cycle;
- Substantial experience of planning services in medium to large-sized projects within the construction industry (£1m – £100m);
- Capable of helping to forge and foster a culture of continuous improvement;
- Ability to develop trust in people and assist others as required with strong communication skills, including writing reports & presenting;
We offer a competitive salary in the region of £80,000 - £110,000 per annum, depending on experience, plus a range of benefits including free single medical cover and digital GP service, family-friendly benefits such as enhanced parental leave pay, free membership of employee assistance and parental programmes, plus reimbursement towards relevant professional development and memberships.
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