Role Purpose

The Cost Engineer is responsible for providing cost management support to the Project/Company and will monitor, control, and forecast the costs during the Project lifecycle.

The Cost Engineer would develop the role further in acting as the crucial link between projects and the Company’s finance and treasury departments by timely and accurate project financial planning, forecasting, budgeting, and modelling.

This successful candidate can be based in Blyth or Paris (must have the right to work status).

Key Areas of Responsibility

• Ensure timely and accurate reporting to all stakeholders, including AC, ETC, EAC, variance analysis, risk analysis, threats and opportunities, forecast by general ledger, accruals, and cash flow forecast.
• Ensure the timely flow of information for reporting purposes, including data collection (POs, purchase invoices, timesheets, schedule of works, day rates, DPRs, contracts, subcontracts, etc.) and liaising with project departments.
• Assist with the delivery of weekly and monthly updates to key stakeholders as required, including minutes and action items.
• Weekly and monthly cost reports (cash flow, actual costs to date, forecasting).
• Liaise internally with project managers, department heads, and budget holders.
• Data manipulation analysis.
• Ensure data is correct and accurately input into the CMS for projects; review labour summaries, review project POs, supplier invoices, project schedule, day rate build-up, etc.
• Participate in monthly project cost review meetings.
• Assist with the development, management, and maintenance of an appropriate cost model system to ensure timely, well-adapted, and accurate reporting.
• Assist with the implementation of a business intelligence tool and dashboard reports.
• Assist with ensuring approved procedures are in place, adhered to, appropriate, and are maintained.
• Complete and communicate tender feedback forms to the commercial department promptly.
• Manage cash flow, reporting, and liaising with treasury on cash flow forecasting.
• Collaborate directly with the finance department in ensuring the efficient flow of critical data to ensure the accurate and timely company month-end reporting and forecasting.
• Ensure relevant reporting of data related to VOs.
• Monitor KPIs and identify the cause of any unexpected variances.
• Develop and continually improve project budgeting, financial projections, and operating forecasts.
• Ad-hoc business performance reporting.
• Develop financial models and analyse them to support strategic initiatives.
• Manage the internal and external monthly reporting tasks.