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Cost Control Engineer (Nuclear) in Kingston upon Thames, London
Location
Kingston upon Thames, LondonSalary
NegotiableContract
ContractRole: Cost Control Engineer (Contract)
Location: Kingston upon Thames (London/Surrey)
Additional Info:
- 12-month Contract (Outside IR35)
- Competitive Hourly Rate
- Hyrbid Working
- 37.5 hour working week
The Energy Division at ARM is currently recruiting an exciting opportunity for a high-calibre Cost Control Engineer to work with a successful Global Offshore Engineering Contractor.
Main responsibilities:
- Establish and manage a cost control system in order to support the PM decision-making process and assist them to complete the project within the approved budget
- Ensure any deviation from budget is promptly spotted and analysed, final impact is estimated and the effect of corrective actions taken is monitored
- Create a cost-awareness atmosphere among project team
- Satisfy the Operating Company and Corporate requirements for the cost control reporting, cooperating with the proper interfaces
During Project Initial Phase:
-
After contract award, ensure the implementation of the Cost Control System, elaborating the consolidated Cost Breakdown Structure according to the relevant procedure, reviewing the procurement/accounting system adopted in each Operating Companies/Branches involved into the project, and verifying the application of the CBS and the cost traceability
-
Issue the Project Cost Control Procedure, Cost Coding Manual and Risk Management Plan, for the Project Control Manager verification, according to standards and contract specification and configure the Cost Breakdown Structure to monitor procurement and accounting activities
-
If not provided during the commercial phase, split the Commercial Budget according to the intercompany scheme, contract and work schedule, in order to report revenues/costs by entity, currencies, and main cost accounts and prepare the cashflow by currency
-
Coordinate the risk management activities startup organizing the first brainstorming and the qualitative/quantitative assessment of the identified risks and opportunities
- Carry out the Montecarlo Analysis
During the project execution phase:
- Ensure the Cost Control System works effectively and cost status is soundly assessed and reported
- Monitor activity progress and the relevant earned value, as well as the value of work done against the invoices received, determining the monthly accruals (to have accounts in line with works progress)
- Support the project during the contract changes/claims process providing the cost impact analysis, and keep updated the cost/revenues forecast relevant to intercompany services
- Analyse committed costs and activities to-date, review the estimate to complete, isolating any deviation from baselines or adverse trend and warn the pm on time to take corrective actions in order to prevent overruns
- Maintain the risk management process organising periodic meetings and verifying the risk owners feedback
- Issue the project and company reporting at project closure
How to apply:
To find out more about this opportunity, please contact Georgia Langton / or call on 02392 228 208
Disclaimer:
This vacancy is being advertised by either Advanced Resource Managers Limited, Advanced Resource Managers IT Limited or Advanced Resource Managers Engineering Limited ("ARM"). ARM is a specialist talent acquisition and management consultancy. We provide technical contingency recruitment and a portfolio of more complex resource solutions. Our specialist recruitment divisions cover the entire technical arena, including some of the most economically and strategically important industries in the UK and the world today. We will never send your CV without your permission.
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