Principal Cost Specialist

1 day ago

Plymouth, United Kingdom Babcock International Full time

**Principal Cost Specialist**:

- Location: Devonport, Plymouth, GB, PL1 4SG
- Onsite or Hybrid: Hybrid

**Job Title: Principal Cost Specialist**

**Location: Plymouth, Devon + Hybrid Working Arrangements**

**Compensation: £62,000 - £70,000 + Benefits**

**Role Type: Full time / Permanent**

**Role ID: SF68502**

**Shape the Future of Defence Engineering**

At Babcock, we’re working to create a safe and secure world, together. If you join us, you can play your part as a Principal Cost Specialist at Devonport, near Plymouth, Devon.

**The role**

Day-to-day, you’ll lead cost management across complex projects by driving financial insight, guiding teams and ensuring robust, consistent practices that support strategic decision-making and operational excellence.
- Managing and maintaining tools, processes and standards to ensure consistent cost control across projects and programmes
- Overseeing cost forecasting, variance analysis and reporting to provide timely insights and proactive management
- Providing expert cost analysis to inform business cases, change control and funding decisions
- Collaborating with planning and commercial teams to maintain traceable, auditable cost data aligned with schedule and scope
- Leading and mentoring cost professionals, driving improvements in cost maturity and contributing to benchmarking and lessons learned

This role is full time, 35 hours per week and provides hybrid working arrangements with days in the office/onsite and days working from home.

**Essential experience of the Principal Cost Specialist**
- Demonstrable experience in cost engineering, cost control or project controls within complex project environments
- Proven ability to manage cost performance across large-scale projects or programmes
- Strong understanding of cost forecasting, earned value management and financial governance
- Experience leading or mentoring cost professionals and working within matrixed organisations
- Excellent analytical, communication and stakeholder engagement skills

**Qualifications for the Principal Cost Specialist**
- Professional qualification in cost or project controls (e.g. ACostE, AACE, or equivalent)
- PMQ or CHPP Chartered Project Professional

**Security Clearance**

**What we offer**
- Generous holiday allowance
- Matched contribution pension scheme, with life assurance
- Access to a Digital GP, annual health check, and nutritional consultations through Aviva DigiCare+
- Employee share scheme
- Employee shopping savings portal
- Payment of Professional Fees
- Reservists in the armed forces receive 10-days special paid leave
- Holiday Trading is a benefit that allows UK Babcock employees to buy additional leave or to sell up to one working week of annual leave from their annual entitlement. This Window opens February through to March annually.
- ‘Be Kind Day’ enables employees to take one working day's paid leave a year (or equivalent hours) to undertake volunteering work with their chosen organisation or registered charity
- Excellent development opportunities and benefits package including an employee assistance programme supporting physical, mental and financial wellbeing.

**Babcock International**

For over a century Babcock has helped to defend nations, protect communities and build a better world. To continue, we must adapt, advance and be a sustainable business with a shared goal.

**Closing date: 05/11/2025**

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