Cost Engineer

Job Details

James Fisher Nuclear
Project and programme management
Bamber Bridge, UK
Some College
January 24, 2017


Job Purpose:

Delivery of a structured approach to manage project actual, budget and forecast costs in order to effectively capture project status and support project execution.

Key Duties and Responsibilities:

Project Initiation

  • Provide support / input to the development of the Project Control Planning (e.g. WBS) / formulating the Project Financial Baseline.

Project Implementation

  • Accountable for day-to-day collection of all project cost / financial information.
  • Generating and reporting project financial data including spend profiles, budgeted and earned values, forecasts, completion costs etc.
  • Responsible for the execution of cost management process.
  • Input or update budget information, expenditure information, and forecasts into the cost reporting system(s).
  • Responsible for collation, management and analysis of all project cost and revenue variances.
  • Assist the Project with client invoices for progress payments, final payments, and release of retentions.
  • Prepare / collate inputs into the weekly and monthly reporting on cost flow forecast, revenue flow forecast and cost value reporting.
  • Involvement in the development of Bottom Up Forecasts
  • Provide project financial data to project team meetings
  • Assist in assigning personnel to the project in-line with WBS.
  • Prepare and assist the Project(s) in the preparation of Change Control estimates/evaluations.
  • Collaborate with Project Managers and other Project related personnel to ensure that all costs are accounted for.
  • Assistance in raising Contractual Change Control documentation including variation, Early Warning and Compensation Event Notices.
  • Monitor contingency usage in-line with risk trigger / retirement dates and mitigation strategies / activities.

Project Close-out

  • Assistance in cost/revenue elements of contract close-out / account settlements and closure review meetings.

Key Skills and Competences:

  • 2+ years of Cost Planning experience in a Project delivery environment is required.
  • Earned Value Management experience
  • Numerate and competent with financial concepts, cost tracking and reporting.
  • Highly orderly, methodical and process driven.
  • Good written and oral communication skills.
  • Good general office computer skills.


  • Minimum of five GCSEs.
  • UK driving licence.