Project Cost Engineer - Plymouth - Rate C£50-£60/hr - Duration 12 months
Keywords / Skills: Project Cost Eng, Nuclear, SC Cleared, Security Cleared

Overview:
Wilde Recruitment Ltd is working alongside Babcock Naval Marine to recruit a Project Cost Engineer on a 12month contract based out of Plymouth.
As a Project Cost Engineer your duties and responsibilities will include:
The Nuclear Facilities Project Cost Engineer shall be professionally accountable to the Head of Cost Control (Submarines). Day-to-day functional management will be via the local project team.
Key elements of the post include;
• Maintain a safety first approach in all projects/programme activities and foster the company safety culture and Babcock Guiding Principles.
• Assist with develop the project cost control strategy, plans and procedures, reflecting both Babcock and contractor roles and responsibilities.
• Understand how the contract type used (i.e. target price, fixed price etc.) can affect the total project cost.
• Coordinate development and implementation of project WBS and CBS in concert with the Project Manager and Project Planner.
• Participate in the development of project execution plans.
• Participate in the development of estimates and studies within a project stage and for sanction.
• Coordinate and develop appropriate control budgets consistent with project estimate and WBS / CBS.
• Ensure that all project costs are captured.
• Data gathering for reporting and analysis purposes
• Prepare ACWP and Estimate at Completion / Anticipated Final Cost (EAC / AFC) analysis report for projects, in line with Budgeted Cost of Work Performed (BCWP) forecast.
• Prepare monthly project performance reports.
• Collect and compile progress and cost data, and develop cost-control worksheets and reports for review by delivery teams.
• Provide cost input to closeout process.
• As part of the project close-out procedure, provide data to the Cost Estimators to assist with analysis of project costs (post final account); for future benchmarking.
• Coordinate preparation of cost risk analysis.
• Review financial data related to accruals, invoice payments, purchase orders and material deliveries and other financial data.
• Liaise with Cost Estimator regarding valuation of compensation events, reconciliation with budget at a lower level than CBS and any changes in contract prices or baseline estimates.
• Provide cost input to and implement the cost element of change management procedures.
• Link risk process to change process and estimate; provide cost input to and implement the cost element of the risk management plan.
• Coordinate and develop project work-in-progress (WIP), commitment and estimate at complete (EAC) forecasts.
• Coordinate and develop project annual-spend projections, cost reconciliations and variance analyses.
• Assist and prepare cost performance management data; ensuring that the correct accounting codes are applied to the ACWP, consistent with the CBS.
• Prepare and implement project-wide cost measurement and reporting system, including roll-up levels and reporting cycle calendar.
• Develop and issue various reports to appropriate stakeholders.
• Develop cost and financial elements of project closeout plan.
• Work with key account finance manager and finance function to ensure adequate financial control.

Candidate:
You will be an experienced Cost Engineer.
You must hold SC Clearance

To discuss this vacancy please contact: James Walker.

Wilde Recruitment Ltd operates as both an employment business and agency. If your application is for a position based in the UK or EU, under European Employment Law you MUST be eligible to live and work there.

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