Cost Manager

3 weeks ago

Surbiton, Greater London, United Kingdom EMCOR UK Full time

Job Purpose:

The Cost Manager will play a crucial role in managing costs within the CAPEX construction projects by working closely with the Commercial Manager, Project Managers, Sub-contractors, and Project Stakeholders. This role focuses on the accurate management of payment applications, cost reporting, risk management, goods receipt processing, and timely Subcontractor Payment Assessments and Client invoicing while utilizing finance and contract software.

Key Responsibilities:

  • Assist the Commercial Manager to produce Cost Reporting and Account Reconciliation
  • Liaise with the Project Manager to review subcontractor accounts, ensuring timely processing and accuracy
  • Review subcontractor payment applications for accuracy and compliance with contractual agreements
  • Ensure subcontractor invoices are accurately documented and processed for payment in line with the project's cash flow and budget
  • Prepare and submit payment applications to the Client, ensuring all supporting documents, invoices, and progress reports from subcontractors are accurate and up-to-date
  • Collate all relevant information from the subcontractors to facilitate the client's payment process
  • Ensure the appropriate use of the IFS software to process invoices after client certification and generate GRNs for all subcontractor payments in collaboration with on-account finance team
  • Monitor and record key data related to contract changes, variations, and project risks in CEMAR
  • Reconcile CEMAR accounts with subcontractors' accounts to identify and assess any potential commercial implications regarding the client account
  • Collaborate with the project team to ensure that site works align with the agreed schedules and budgets
  • Provide accurate site visit reports, documenting work progress to inform payment applications and cost reporting
  • Attend site meetings with subcontractors to discuss project progress, work performance, cost implications, and resolve any financial disputes
  • Coordinate with subcontractors to ensure accurate submission of payment applications, supporting documentation, and timely resolution of issues
  • Prepare detailed cost reports, providing insights into project performance, budget variances, and forecasting future expenditures
  • Ensure cost reports reflect the current financial status of the project, including commitments, liabilities, and actual costs incurred
  • Work with the project manager to maintain up-to-date financial tracking for all project costs
  • Liaise with the Project Managers to identify, assess, and report potential risks that may affect project costs, timelines, or contract performance
  • Collaborate with the project team to mitigate risks and adjust budgets or payment schedules as necessary
  • Ensure that all identified risks are documented and updated in risk management reports

Person Specification:

  • MRICS Chartered Quantity Surveyor/Cost Manager
  • Minimum 5 years' experience in Cost Management – Desirable in construction environment
  • Degree or HNC level qualification or equivalent working experience
  • Experience of working in a Consultancy environment (ideally Pharma)
  • Experience in delivering NEC4 Contracts
  • Highly proficient IT skills with experience of Cost Reporting in a Construction Environment
  • Excellent written/oral communication skills for reports and presentations
  • Diplomatic ability to communicate with others at all levels of the business
  • Strong and demonstrated ability to build lasting relationships with key stakeholders
  • Experience of Programme and project level financial management
  • Personable, pro-active, professional, and able to demonstrate full commitment to exceptional customer care and service in all activities
  • Maintain effective relationship with client

Pursue excellence in all aspects of work.

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