Assistant Cost Specialist, Contract, Reading At this level a Cost Engineer (PMO Cost Specialist (Intermediate)) is responsible for applying requirements management, budgeting & cost control, financial management, change management and benefits management under supervision primarily in non-complex situations. Key Responsibilities Top 5 Major Tasks and Activities: • Develop/implement and maintain the Project Baseline Budgets including Control Account Plans/Responsibility Assignment Matrix and WBS Dictionary (SOW). • Responsible for the monitor, control and validation of project's accruals and commitments and the control of resource and financial forecast data. • Management and control of cost risk budget and drawdown and input into the risk management process. • Management and control of financial change management on the project and assurance of alignment with the business/contractual requirements. • Provision of internal and external financial performance & cost reports including earned value and variation analysis. Additional Key Accountabilities: • Alignment of cost management with schedule and contract. • Maintain cost elements within ERP • Key point of contact with the client and the project accountant for all financial budget and change control • Develop appropriate internal CBS and Control Accounts that are aligned to scope, contract and WBS. • Provide cost management support to bid and project initiation phases to ensure project are correctly set up and initiated. • Ensure cost management is aligned to the estimates and estimating process. • Responsible for managing and controlling project cost risk contingency and its drawdown. • Management of the project cost change register and associated impact assessments • Production and submission/management of payment claims to client Experience/Qualifications/Skills Company/Industry Knowledge: • Extensive recent and relevant experience in a similar environment / business sector • Extensive experience applying budgeting & cost control in a complex environment • Awareness of various contracting methodologies (e.g. FIDIC/NEC3-4/JCT etc…) including resolution of claims and disputes • Advanced knowledge of cost management techniques • Advanced knowledge of Earned Value Management Qualifications: • HNC level qualification (or equivalent) in cost engineering or quantity surveying • Ideally a bachelors degree in engineering / project / construction management or a related field • ECITB QCF Level 5 Diploma (or equivalent) in Cost Engineering (Cost Control) • A professional qualification and membership (e.g. APM/AcostE/RICS) (or equivalent) ADZN1_UKTJ