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  • Job reference: RMS0196900

Cost Engineer

  • Sector: Power & Energy
  • Location: Kent
  • Job type: Contract
  • Date posted: 12/07/2018
  • Duration: permanent
  • Time left:
    d h m s
    (09/08/18)
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The Role:
* Reporting to the Project Controls Group Head, the Cost Engineer is responsible for providing cost management support to the Energy Nuclear Generation work portfolio and will monitor, control and forecast the costs during the Project lifecycle. The main focus will be to work with Project Managers to manage project costs and their integration with the management of risk, change and the schedule in accordance with company standards and processes. This may be a site or Barnwood based role.

Responsibilities
* Control, monitor, analyse and report cost related aspects for designated projects within a Portfolio.
* Implement the correct and appropriate cost management tool for the project in accordance with CTO
Programme Office processes/templates.
* Assist in development of and use of Project Control Structures (CBS, OBS, WBS etc.).
* Understand the basis of the estimate.
* Ensure all cost and contract transactions on a project are understood and managed in an appropriate way.
* Ensure all variances to the cost baseline are communicated in a timely manner.
* Ensure the necessary cost management interface is in place with Finance and ensure regular
communications.
* Support the Energy Business Planning process.
* Active involvement in the change process, understanding the reasons for and factors influencing each
change to the project's cost baseline plus the implications of such change.
* Continually monitor Project Risk and Change status to maintain current forecast.
* Review and understand, with the assistance of the Planning Engineer, the schedule progress and it's
alignment to the Project Control Structure.
* Liaise with Project team members and contractors with regards to progress and financial forecasting.
* Update the Cost Tool to comply with Project Reporting Cycles.
* Monitor, control and analyse the project cost information, identify variances and bring these to the attention of the Project Manager with possible alternatives. Prepare specific reports to facilitate challenge and analysis to meet the project's specific needs.
* Challenge cost variances against the baseline plan with individual task leaders/contractors and/or outside stakeholder management as necessary to enable mitigation.
* Contribute to progress meetings as required in support of the Project Manager.
* Regular interfacing and integration with the project Planning Engineer to maintain an aligned financial position with the project Primavera plan.
* Contribute to the drafting and updating of Project Documents (PDD, IRM papers etc.) to ensure that they
contains the project Scope of Work, KPI's, payment milestones and the methodology for controlling the
project schedule, costs and variances etc.
* Contribute to Lessons Learnt process throughout the Project lifecycle.

Essential Skills / Qualifications:
* Good working knowledge of financial systems.
* Working knowledge of latest version of Primavera.
* Experienced in the use of SAP Finance and Project modules.
* Minimum of HNC/HND ideally in a cost related discipline or relevant experience.
* Breadth of experience across whole project and programme lifecycle. (e.g. Engineering, Procurement,
Construction, Installation/Commissioning processes).
* Working knowledge of relevant Health and Safety legislation.
* Excellent MS Office skills and well versed in the preparation of reports and information using packages
such as Word, Excel and PowerPoint.
* The ability to reconcile cost information as it applies to the programmes of work.
* Proficient in the use of estimating, scheduling, programming and risk tools.
* Proficient in the use of Earned Value Analysis.
* Relevant experience in Project Controls and/or Project Delivery, preferably in a highly regulated environment.
* Evidence of strong engineering background, ideally withi

About Fircroft:
Fircroft has been placing people in specialist technical industries for approaching half a century, focusing on mid to senior level engineers for contract and permanent roles worldwide. By applying for this job you give consent for Fircroft to contact you, via email & telephone, to discuss your application along with future positions and Fircroft's services.

Fircroft is registered as a Data Controller with the Information Commissioner as required under the General Data Protection Regulation 2016/679. Fircroft will only process your personal data for the specific purposes of managing your application.

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