Job Title: Cost Controller
Location: Rosyth
Compensation: £40, + Benefits
Role Type: Full time / Permanent
Role ID: SF
At Babcock we’re working to create a safe and secure world, together, and if you join us, you can play your part as a Cost Controller within the Marine Sector.
The role
As a Cost Controller you’ll have a role that’s out of the ordinary. The Cost Controller is responsible for assisting the control of the project’s financial performance, ensuring that costs are monitored, forecast accurately, and managed within approved budgets. They are also the key responsible contact for ensuring financial performance is accurately reported to the Programmes management team and customer. The Cost controller will provide robust financial control by developing methodologies and systems to track and manage project-related expenses.
The T31 CIP Programme is defined by its progressive adoption of scope up to the contract cap. Working on this programme where the scope is continually refined and expanded, this role requires a proactive approach to employing financial controls to the evolving scope, support strategic decision-making, and ensure the effective allocation of resources throughout the programme lifecycle. Day to day you'll:
1. Ensure that project expenditures align with allocated budgets and programme commitments while identifying potential cost overruns at an early stage.Work with the project team to develop and maintain budget forecasts and cost reports.
2. Monitor actual expenditure against budgeted figures and flag variances for immediate action.Work with the PCM and Financial manager to implement and cost control systems and procedures ensuring accuracy in cost recording. This shall include assisting in establishing the wider project baseline and ensuring this is checked against the wider T31 programme environment.
3. Prepare regular financial performance reports for the project manager and other key stakeholders.
4. Develop and maintain the programme Estimate at Completion (EAC) including conducting trend identification and risk assessment against the planned programme forecast.
5. Responsible for contributing to regular reporting throughout the CIP to provide relevant, accurate and reliable information on the status and forecast of the project.
Please note that this position is based onsite in Rosyth. There is an opportunity to combine work week to 4 days.
Essential experience of Cost Controller
6. Some background in cost controlling
7. Good knowledge of Excel
8. Readiness to take up training
Qualifications for the Cost Controller
We value difference and don’t have a fixed idea when it comes to background or education, provided you can show the required level of experience and/or willingness to learn then we would like to hear from you.
Security Clearance
The successful candidate must be able to achieve and maintain Standard (BPSS) security clearance for this role.
Many of the positions within our company are subject to national security clearance and Trade Control restrictions. This means that your eligibility for certain roles may be affected by your place of birth, nationality, current or former citizenship, and any residency you hold or have held. Further details are available at .
What we offer
9. Generous holiday allowance
10. Matched contribution pension scheme, with life assurance
11. Access to a Digital GP, annual health check, and nutritional consultations through Aviva DigiCare+
12. Employee share scheme
13. Employee shopping savings portal
14. Payment of Professional Fees
15. Reservists in the armed forces receive 10-days special paid leave
16. 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.
17. ‘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
18. Excellent development opportunities and benefits package including an employee assistance programme supporting physical, mental and financial wellbeing.