Cost Control Engineer (Nuclear) in Kingston upon Thames, London

Cost Control Engineer
Location: Kingston Upon Thames

ARM are currently recruiting for an exciting opportunity for a Cost Control Engineer to work for Global Offshore Engineering Contractor - Specialising in Energy.

Some of your duties will include:

• 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 the budget is promptly spotted and analysed, the final impact is estimated and the effect of corrective actions taken is monitored
• Create a cost-awareness atmosphere among the project team
• Satisfy the Operating Company and Corporate requirements for cost control reporting, cooperating with the proper interfaces

What you will need to succeed:

• Offshore with vessel and with some installation experience
• Experience working on multi-currency projects

At 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 managment 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

Details of the role

• Negotiable Rate Outside IR35
• Contract - 12 Months
• Location - Kingston, London
• Hybrid working (3 days per week in the office)

How to apply:

For more information on the above position or to apply then please feel free to reach out to Georgia Langton 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.