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Senior cost specialist

Reading (Berkshire)
Posted: 7 September
Offer description

At this level a Senior Cost Engineer (PMO Cost Specialist (Advanced)) is responsible for applying requirements management, budgeting & cost control, financial management, change management and benefits management independently primarily in complex situations across P3M. Ability to developing and agree scope/budgets for projects and/or programmes and controlling forecast and actual costs against them. This includes the provision of risk & opportunity analysis on these budgets and change management. Top 5 Major Tasks and Activities: • Develop/implement and maintain the Project Baseline Budgets incl Control Account Plans/Responsibility Assignment Matrix and WBS Dictionary (SOW). • Responsible for the monitor, control and validation of project's accruals and commitments and the control of resource and financial forecast data. • Management and control of cost risk budget and drawdown and input into the risk management process. • Management and control of financial change management on the project and assurance of alignment with the business/contractual requirements. • Provision of internal and external financial performance & cost reports including earned value and variation analysis. Additional Key Accountabilities: • Alignment of cost management with schedule and contract. • Maintain cost elements within ERP • Key point of contact with the client and the project accountant for all financial budget and change control • Develop appropriate internal CBS and Control Accounts that are aligned to scope, contract and WBS. • Provide cost management support to bid and project initiation phases to ensure project are correctly set up and initiated. • Ensure cost management is aligned to the estimates and estimating process Company/Industry Knowledge: • Significant experience of applying budgeting & cost control in a complex environment Extensive recent and relevant experience in a similar environment / business sector • Awareness of various contracting methodologies (e.g. FIDIC/NEC3-4/JCT etc…) including resolution of claims and disputes • Previous experience of supervisory / line management in cost estimating, cost engineering or project controls environment • Advanced knowledge of cost management techniques • Advanced knowledge of Earned Value Management • Advanced Estimating • Quantity surveying • Quantitative risk analysis experience • Full project lifecycle experience from bid phase through to close out Qualifications : • HNC level qualification (or equivalent) in cost engineering or quantity surveying • Ideally a bachelors degree in engineering / project / construction management or a related field • ECITB QCF Level 5 Diploma in Cost Engineering (Cost Control) • Have an professional qualification and membership (eg APM/Acoste/RICS) (or equivalent)

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