Senior Cost Engineer

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Job description

Here at Russell Taylor, we are looking for an experienced Senior Cost Engineer to join our clients Project Controls Framework in Gloucester. As a senior Cost Engineer, you will be responsible for providing cost management support to work portfolios and will monitor, control, and forecast the costs during the Project lifecycle.

Key Responsibilities
· Take ownership of the cost trackers
· Work with the Project Managers to ensure contracts and forecasts are effectively managed
· Control, monitor, analyse and report cost related aspects for designated projects
· Implement the correct and appropriate cost management tool for the project
· Assist in development and use of Project Control Structures (CBS, OBS, WBS etc.)
· Leading, mentoring and coaching a team of Cost Engineers
· Understand the basis of the estimate
· Ensure all cost and contract transactions on a project are understood and managed
· Ensure all variances to the cost baseline are communicated
· Ensure the necessary cost management interface is in place with Finance and ensure regular communications
· 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 its 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.
· Challenge cost variances against the baseline plan
· Ensure integration with the project Planning Engineer to maintain an aligned financial position with the project plan
Knowledge, Skills and Experience
· Breadth of experience across whole project and programme lifecycle (e.g. Engineering, Procurement, Construction, Installation/Commissioning processes), preferably in a highly regulated environment
· High level of numeracy and excellent analytical skills
· The ability to reconcile cost information as it applies to the programmes of work
· Previous line management experience
· Proficient in the use of estimating, scheduling, programming, and risk tools
· Proficient in the use of Earned Value Analysis
· Good attention to detail with good time management skills
· Relevant experience in Project Controls and/or Project Delivery, preferably in a highly regulated environment
· Evidence of strong engineering background, ideally within a safety/regulated environment

Qualifications
· Minimum of HNC/HND ideally in a cost related discipline or relevant experience
· MACostE desirable

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