Senior Cost Engineer

Newcastle upon Tyne, Tyne and Wear
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Senior Cost Engineer required to join an expanding organisation.

This role is critical to ensuring the financial success of the business who manufacture complex fabrication projects for defence and the O&G sectors. The Senior Cost Engineer will be responsible for leading cost estimation of products.

Key Responsibilities:

* Cost Estimation & Budgeting: Develop detailed cost estimates for metal fabrication projects, including labour, materials, equipment, and overhead. Collaborate with engineering, procurement, and project management teams to prepare accurate estimates.

* Risk Management: Identify potential financial risks and cost drivers. Perform cost-benefit analyses and develop mitigation strategies. Present findings to senior management and provide recommendations for optimizing project costs.

* Vendor & Contractor Liaison: Work with suppliers and contractors to ensure pricing aligns with budgets. Negotiate subcontractor costs and change orders.

* Process Improvement: Continuously seek opportunities to improve cost engineering processes, tools, and systems for increased efficiency and accuracy.

* Compliance & Standards: Ensure that all cost estimates and financial plans adhere to industry standards and company policies, particularly related to safety, sustainability, and regulatory requirements.

* Ensure cost estimates consider the financial performance of previous projects. Identify variances, and initiate corrective actions when necessary

Qualification & Skills:

* Time served Fabricator within medium / heavy Engineering environment,

* Minimum 8-10 years of experience in cost engineering within the metals manufacturing industry with relevant fabrication & welding and machining experience being preferred.

* Proven experience in cost estimation and project financial management for large-scale metal fabrication projects.

* Strong knowledge of metals and materials used in fabrication (e.g., steel, aluminium, etc.), production processes, and industry standards.

* Expertise in cost management software, methods and the use of estimating norms.

* Excellent communication and negotiation skills, with the ability to collaborate across departments and with external vendors.

* Ability to manage multiple projects simultaneously and work well under pressure to meet deadlines.

* Professional certification (e.g., CCP, AACEI) is highly desirable.

Ideal candidates will have a proven experience in cost estimation and project financial management for large-scale metal fabrication projects.

Also desirable will be a good working knowleadge of Lean manufacturing principles and methodologies.

Salary and Benefits Package: Competitive Salary plus company benefits.

* 25 days holidays per year + Bank Holidays.

* Company Pension Scheme.

* Death in Service life insurance scheme.

* Personal Injury scheme.

* Health Cash Plan.

* Free electric charging points.

* Salary sacrifice schemes including cycle to work.

* Early finish on a Friday.

* Onsite Parking.

* Free hot meals

Please apply in the instance if you feel you have the required experience and skills as above

Job Info
CV-Library logo
Job Title:
Senior Cost Engineer
Company:
CV-Library
Location:
Newcastle upon Tyne, Tyne and Wear
Salary:
£50000 - £60000 Per annum
Posted:
Nov 4th 2024
Closes:
Dec 5th 2024
Sector:
Engineering
Contract:
Permanent
Hours:
Full Time
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