Job Title: Principal Cost Lead
Location: Plymouth, Devon + Hybrid Working Arrangements
Compensation: Competitive Package Depending on Experience + 15% Bonus and Medical Cover
Role Type: Full time / Permanent or Fixed Term Contract
Role ID: SF
At Babcock we’re working to create a safe and secure world, together, and if you join us, you can play your part as a Principal Cost Lead at our Devonport Royal Dockyard site.
The role
As a Principal Cost Lead, you’ll have a role that’s out of the ordinary. This is a new role to bring additional cost control leadership to major submarines programmes.
Day-to-day, you’ll be Leading the Submarines Cost Control teams to set and maintain project baseline budgets, oversee control of commitments and accruals, ensuring accurate and reliable cost forecasting, and lead on resource management for the submarines cost control teams.
1. Provide leadership and team management for the Cost Team
2. Liaising with Risk, Scheduling and Estimating Leads to ensure integrated reporting
3. Oversee implementation of change management in alignment with requirements
4. Collate performance and cost reports and associated analysis. Identify and offer mitigation actions where appropriate.
5. Lead on provision of resource and financial forecast data into the project
This role is full time 35 hours per week and provides hybrid working arrangements with 2 - 3 days in the office/onsite.
Essential experience of the Principal Cost Lead
6. Extensive, relevant experience in a similar environment / business sector
7. Experienced in various contracting methodologies (e.g. FIDIC/NEC/JCT)
8. Advanced knowledge of cost management and earned value techniques
9. Quantitative risk analysis experience
10. Full project lifecycle experience
Qualifications for the Principal Cost Lead
11. Ideally a Bachelor's Degree in Engineering / Project Management or a related field or equivalent experience
12. Project Planning and Controls Practitioner – Desirable
13. Project Fundamentals qualification - Desirable
Security Clearance
The successful candidate must be able to achieve and maintain Security Check (SC) clearance for this role.
Many of the positions within our company are subject to national security clearance and Trade Control restrictions. This means that your eligibility for certain roles may be affected by your place of birth, nationality, current or former citizenship, and any residency you hold or have held. Further details are available at
What we offer
14. Generous holiday allowance
15. Matched contribution pension scheme, with life assurance
16. Employee share scheme
17. Employee shopping savings portal
18. Payment of Professional Fees
19. Reservists in the armed forces receive 10-days special paid leave
20. Holiday Trading is a benefit that allows the majority of employees to buy additional leave or to sell up to one working week of annual leave from their annual entitlement
21. ‘Be Kind Day’ enables employees to take one working day's paid leave a year (or equivalent hours) to undertake volunteering work with their chosen organisation or registered charity