Cost Engineer

Posted 13 February 2023
Salary £35k - 70k per year
LocationGreater London
Job type Permanent - Full Time
Discipline Highways, Transport & Infrastructure
Contact NameNatasha Jones

Job description

My client has an exciting opportunity for a Senior Cost Consultant and Cost Consultant to join their Commercial and Programme Management team.  The Consultancy are a member of the Programme Management Partner, of an Alliance framework with National Highways and you will be involved with cost management and reporting of multiple programmes.
You will become part of a growing high performing and highly regarded group who support their clients in delivering complex infrastructure projects.  Your role will involve assuring and servicing the cost reporting needs of the programmes, and managing collaborative relationships to ensure that the delivery teams achieve the programme.
Excellent communication skills and a detailed understanding of PRISM, ORACLE and XACTIUM are a must for you to succeed.  These roles will test you and develop you, while increasing your understanding of how the team work in preparation for the large more complex schemes in the future, which will provide you with career progression and increased responsibility.

The scope of work will require:
§Monthly, yearly and out-turn spend accuracy and variance analysis with the ability to provide a detailed narrative of any deviations;
§Preparation and submission of cashflow forecasting templates to Highways England finance departments;
§Support with the preparation of the financial section of the Scheme dashboards or other alliance reporting;
§Obtain ACWP from supply chain and input into the spend report. Undertaking quality checks and assurance;
§Obtain ETC from supply chain and input into the spend report. Undertaking quality checks and assurance;
§Spend Report reviews with Project Manager to obtain approval prior to upload in PRISM;
§PRISM import sheets (ETC, ACWP and ETC Time Phasing) will be created automatically from the spend reports. These will be uploaded into PRISM;
§Attend WD5 review meeting with PM and PMO to review data inputted into PRISM. Make any requested changes in PRISM;
§Analysis of Earned Value information to understand and communicate scheme performance;
§Obtain Earned Value from supply chain programmes and undertake assurance on reported % complete;
§Import % complete / EV into PRISM. Provide narrative on SPI / CPI where required;
§Provide data required for Scheme level commercial performance management including requirements of the Balanced Scorecard;
§Assist and support the Scheme Interface Project Manager respond to cost and commercial queries;
§Monitoring of Scheme level Purchase Orders for suppliers and highlighting any anticipated issues with regards to supplier payments;
§Manual accruals;
§CEMAR monitoring to gain a better understanding of the changes and commercial impact on partners;
§Manual assessment of Earned Value on schemes that do not have a cost loaded programme and can not provide earned and planned values from P6.
There is also the opportunity to work closely with the delivery teams to act as a "conscience" of the project and ask the probing questions of the partners on their commercial performance.  Setting and monitoring leading indicators, not only on a cost basis, that can be used to determine partners performance to provide analysis and intelligence to ensure best practices are recognised and implemented throughout the partners.  Which will require:
§Attendance at progress meetings (in person and via Teams);
§Undertake occasional site visits for projects;
§Attendance at commercial meetings.
§ECI involvement to analyse current designs and solutions each partner has proposed and spot potential risks/efficiencies
§Undertake ongoing analysis of ACWP and ETC, comparing projects cost data. The analysis will be used to challenge performance of partners against each other and partners internally on different projects.
§Attendance at project risk meetings. This will give the team a greater understanding of the risks faced by the projects, allow them to meet with the project teams and gain a better understanding of build up to reported risk outturn costs.