Cost Management Specialist
This role is crucial in ensuring the effective monitoring and management of costs across multiple active projects. As a Cost Management Specialist, you will play a pivotal part in enabling informed decision-making by conducting regular analysis of financial performance, project risks, quality, scheduling, and overall status.
About the Position:
* You will collaborate with project estimators to ensure that cost breakdown structures accurately align with work breakdown structures, supporting precise forecasting.
* Liaise with the procurement team and project managers to understand procurement statuses and financial commitments impacting forecasts.
* Work closely with project schedulers to integrate progress updates into cost forecasts.
* Regularly provide support and guidance to project managers to update individual project cost forecasts (minimum monthly) to reflect current project realities.
Main Responsibilities:
* Analyse financial, scheduling, and progress data to identify trends, risks, and potential project issues.
* Communicate analysis outcomes to project managers regularly to aid in proactive decision-making and validate report accuracy.
* Organise and facilitate regular meetings with project managers and stakeholders to review project progress, risks, controls, schedules, and costs.
* Develop and manage tailored reporting frameworks and consolidate reports for distribution and review.
We're Looking for Someone Who:
* Has a degree in engineering, finance, or relevant industry experience; 5 years' preferred with strong numerical and analytical skills.
* Is skilled in data analysis, anomaly detection, and reporting with actionable insights.
* Can influence stakeholders to secure timely, accurate project information.
* Effectively manages multiple tasks and prioritises workloads.
* Possesses strong communication and negotiation skills, working well with all organisational levels.
* Is proficient in Microsoft Excel with strong data analysis and reporting capabilities.
* Knowledge of Power BI is an advantage.