Cost Analyst in Stratford, London, United Kingdom

Cost Analyst

My client is responsible for the biggest construction project in Europe, helping to improve London's commuter infrastructure.Due to an increase in project workload they require a Cost Analyst to hit the ground running and become a vital part of the team through until June 2020.

As the Cost Analyst you will be required to Analyse and validate Project cost reports and forecasts, providing cost management and forecasting guidance to Project cost teams across the Programme.

You will be able to analyse Programme Change, Schedule Change and Investment Authority proposals and provide estimating support, whilst also supporting the Programme change process and managing the cost team responsibilities relating to schedule change control.
Prepare Programme cost reports, analyse and report on the cost status of the Programme and also undertake cost engineering duties for Projects as required.


Accountabilities

  • Maintain the integrity of all cost management records, specifically within the Prism cost management system
  • Prepare and validate cost, forecast, trend and AFC reports. Review, validate and challenge Project cost and time forecasts and support periodic AFC review meetings
  • As part of the Programme Change Team review Change and Investment Authority proposals, analyse and challenge estimates and cost forecasts, prepare estimates in liaison with Project teams as required.
  • Mange the capture and reporting of the cost impacts of schedule change
  • Support the Programme Change process, attend review meetings, prepare and follow up actions
  • Manage the Prism trend process and other Prism transactions, preparing and validating reports for senior management, including reports of trends to be approved. Manage the trend process centrally, validating trends to be approved and explaining trends to senior management
  • Prepare consolidated Programme cost reports
  • Work with the Prism System Administrator to ensure that Prism approvals and workflows function correctly and in line with best governance
  • Liaise with the Finance, Commercial and Risk teams on cost reporting and forecasting
  • Liaise with the Planning team on schedule and milestone reporting
  • Participate in the preparation of cost studies utilising historical data, statistical analysis and cost and quantity comparisons.

Challenges of the Job

  • Demonstrating good knowledge of the project scope/schedule and all cost related issues as part of an integrated project team.
  • Questioning the availability of alternative options when change is identified to help minimise the effect on cost and schedule.
  • Delivering cost information in line with the project reporting timetable as part of a 4 weekly reporting cycle.
  • Working closely with team members to help prevent the possibility of cost surprises.

Dimensions & Interfaces (both internal and external)

You will be responsible for managing cost systems and reporting to Programme and Senior Management on cost, budgets and forecasts.
Key interfaces include:

  • Project Managers, Business Managers and Project teams
  • Programme Controls Director and team
  • Finance Director and Finance team
  • Commercial Director and commercial team

Person Specification

  • Bachelor degree or equivalent, preferably in Engineering or Construction Management or Quantity Surveying or equivalent experience.
  • RIGS or accountancy qualification or part qualification desirable
  • Advanced experience of major project cost control and cost management systems including Prism
  • An advanced level of MS Excel skills.
  • Knowledge of cost engineering functions, including cost estimating, cost control, and cost analysis.
  • Familiarity with project schedule planning techniques and systems
  • Experience of producing cost reports and forecasts to tight deadlines, and reviewing and critiquing cost reports prepared by others.
  • Knowledge of the NEC suite of contracts, with operational implementation and daily contractor management.
  • Experience of forecasting, scheduling techniques and risk analysis
  • Experience in technical and practical application of estimating, pricing and costing on major infrastructure projects.
  • Proactive self-starter, able to form supportive relationship with a wide variety of colleagues across the Programme.
  • Experience of reporting to and supporting senior project managers and directors.
  • Skilled in oral and written communication, with experience of presenting cost engineering information to management and an ability to make complex information easy to understand
  • Experience of identifying, analysing, and solving problems. ·
  • Strong analytical skills
  • A pragmatic focus on commercial issues
  • A good academic record
  • A high standard of professionalism
  • Natural attention to detail.


Essential for this opportunity is the ability to carry out these core tasks

  • Must have prepared cost breakdowns for board level reviews
  • Must be comfortable presenting cost information at board level
  • This is not a Cost Engineer this is an analyst role
  • Must have analysed multiple cost data streams
  • Given recommendations for cost improvements/reductions

Due to nature of the work my client undertakes and their status as a public sector business they have deemed this role inside of IR35
A full job description is available upon request,

<email address removed>
<phone number removed>

This vacancy is being advertised by Advanced Resource Managers. 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.

Disclaimer:

This vacancy is being advertised by Advanced Resource Managers. 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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