Overview
Cost Engineer (x2) – Blantyre
Salary from £53,280 to £66,600. Permanent / Hybrid. Closing Date: 19/09/2025.
About SP Energy Networks
SP Energy Networks (SPEN) will be delivering £5.4b of investment in the GB electricity grid over the next 5 years. SPT Strategic Projects will deliver a £3b portfolio of new overhead lines and new and upgraded substations, including design, engineering, construction and electrical works. At SP Energy Networks, we know people are central to building a better future, quicker and we are seeking new talent to join our team.
What you’ll be doing
The Cost Engineer is a key role in SPT Strategic Projects focusing on the cost management and control of a subset of projects across the portfolio, working as part of a multi-disciplinary PMO team. The role reports to the Strategic Portfolio Cost Management Lead.
* Budget management and allocations
* Performs the month-end cost reporting process, including variance analysis and performance reviews
* Collates Value of Work Done data from various sources for the appropriate work area or project
* Analysis of cost performance to allow accurate forecasting
* Maintain the cost management tool and assure data inputs and outputs
* Monitors overall cost performance including contractors reporting, ensuring adherence to budgets and agreed-upon cost KPIs
* Ensures alignment between schedule and cost baselines, collaborating with Planning & Scheduling and Risk teams data
What You’ll Bring
* Proven experience in cost management within NEC3/NEC4 ECC frameworks, ideally on large-scale EPC projects
* Strong understanding of cost management methodologies; RICS certification or familiarity is desirable
* Ability to develop and manage cost structures for complex, multi-million-pound projects
* Excellent communication skills, with confidence engaging stakeholders and cross-functional teams
* Strong analytical and presentation skills, with the ability to interpret and report on cost data, trends, and KPIs
* Proficient in industry-standard systems including S/4 HANA, SAP, Power BI, CEMAR, and Microsoft Office
* Sound knowledge of scope change management and its impact on cost performance
* Experience integrating Earned Value Management (EVM) metrics into reporting processes
* Familiarity with NEC3/NEC4 contract options, particularly Options C and E
* Effective problem-solving skills, with the ability to manage conflicting priorities under pressure
* Understanding of cash flow forecasting and Value of Work Done (VoWD) processes, including accruals and financial planning
Minimum Requirements
* Proficiency in IT systems including MS Office, SAP, S/4 HANA, and Power BI, with the ability to produce and analyse detailed cost reports
* Demonstrated expertise in cost control, including budgeting, forecasting, and variance analysis
* Strong interpersonal and communication skills, with the ability to work collaboratively across teams
* Degree qualified in a relevant discipline (e.g. Engineering, Finance, Project Management) or equivalent experience
* Self-motivated and capable of working independently and within a team in high-pressure environments
What’s in it for you
As well as a competitive salary which is reviewed annually, you can also enjoy a number of other benefits. With our pension scheme, we’ll double match your contribution up to a company contribution of 10%.
At ScottishPower, benefits include: 36 days annual leave, Holiday purchase, Share Incentive Plan and Sharesave Scheme, Payroll giving and charity matched funding, Technology Vouchers, carbon reduction pledges, Electric Vehicle Schemes, Cycle to Work, dental/medical insurance options, life assurance (4x salary), Savesmart financial wellbeing support, and shopping/discount benefits.
Why SP Energy Networks
SP Energy Networks is part of the Iberdrola Group, a world leader in wind energy. We operate across Scotland, North Wales, and the North West of England, supporting Scotland’s Net Zero by 2044. We invest in our talent and offer real career opportunities within a global organisation. Inclusion, diversity, and a social purpose lie at the heart of our work.
We are committed to providing reasonable support or adjustments in our recruiting processes for candidates with disabilities, long-term conditions, mental health conditions, neurodivergence, or pregnancy-related needs. If you need support, please reach out to careers@scottishpower.com.
Mobility
Please note: any applicant who is not a citizen of the country of the vacancy will be subject to applicable immigration requirements. The Company will support the necessary immigration requirements when required.
Important
Advert will close at 23:59 GMT the day before the Job Posting End Date listed below.
September-19-2025
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