Cost Engineers in United Kingdom

at a Confidential Company

Engineering / Technology
Minimum Qualification
Bachelor's Degree
Required Experience
5 - 7 years
Employment Type
Full Time
Male or Female
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Job Description

Job Summary:

This position is responsible for control of capital and expense budget expenditures for the assigned capital construction project. Responsible for processing and monitoring expenditures, project status reporting, annual capital and expense corridor budget preparation, cost trending analysis and change order tracking. Position also identifies any budgetary or financial issues related to the project and recommends corrective actions.

Duties & Responsibilities:


* Prepares and maintains overall project budget within the Company program controls structure. Prepares annual elements of capital and expense budget, maintains backup documentation and directs their input into the Company's Accounting system.

* Maintains detailed project cost data, oversees integration of corridor-level cost and schedule data between various softwares. Ensures that corridor-level reporting is integrated with and supporting program-level cost reporting.

* Prepares monthly and quarterly project cost status reports within the Company program controls structure. Prepares monthly progress reports.

* Administers budget variance tracking for the project. Investigates variances and recommends needed adjustments and corrective actions to project manager and senior management and monitors intergovernmental funding agreements related to the project to ensure that all costs and offsetting revenues are accounted appropriately.

* Regularly generates cost forecasts, trending reports, contingency drawdown maintenance to ensure budget adherence as well as analyzing costs, reviewing change orders and invoices, and processes budget revisions, directing their input into the Company's Accounting system.


All other job-related duties as assigned.

Bachelor's degree in Construction Management, Accounting, Finance or a closely related field.

Minimum of three (3) years experience in cost control of large scale public works projects; including project supervision of professional staff, budget preparation and reporting.

* Knowledge of all requirements, policies and procedures as they pertain to control of major heavily-funded projects.

* Knowledge of construction contract administration policies, procedures and concepts including change orders and contract amendments.

* Knowledge of construction cost control, estimating and program management.

* Knowledge of engineering project management; including scheduling and construction management.

* Knowledge of accounting principles, budgetary principles, forecasting, budget and cost analysis.

* Proficiency with Microsoft Office Suite as well as working knowledge of financial/ accounting software and construction cost control software.

* Ability to communicate effectively, orally and in writing.

* Ability to use sound judgment.

* Ability to manage time and workload effectively which includes planning, organizing and prioritizing.


* An equivalent combination of education, experience, knowledge, skills, abilities.


COMMUNICATION (D): good written and verbal communication, organized thought processes, polite and respectful of others, adapts presentations to the audience

ANALYSIS/PROBLEM SOLVING: thoroughly thinks out and evaluates alternatives, innovative problem resolution, pro-active approach, initiative to resolve problems

WORKLOAD MANAGEMENT (D): works with little direction and supervision, timely completion of projects, makes time for unplanned assignments, adapts to changing priorities

ETHICS AND INTEGRITY: perceived fairness; tolerance; honesty; consistent in application of policies and procedures.


FLEXIBILITY: able to adapt behavior, opinions, tactics, and strategies to different situations, individuals, or changing priorities

SPECIALIZED KNOWLEDGE: specialty field of knowledge is up to date and properly applied

TEAMWORK: respects all members; solicits other’s opinions; supports and complies with team decisions; shares useful information
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