Senior Cost Manager | Job in County Durham

As a Senior Cost Manager specializing in the Health, Science, and Education sectors in the North East region, your primary responsibilities will encompass:

• *Project Cost Management:

• Oversee project cost estimates, budgets, forecasting, and controlling to ensure that projects are completed within budgetary constraints.

• *Cost Planning and Analysis:

• Develop comprehensive cost plans for each project, considering all aspects such as labor costs, materials, equipment, and any other relevant expenses. Analyze project performance against the planned costs, identifying variances, and implementing corrective actions where necessary.

• *Risk Management:

• Identify potential risks that could impact project costs and develop mitigation strategies to minimize their impact. This includes assessing financial risks associated with market fluctuations, resource availability, and regulatory changes.

• *Stakeholder Communication:

• Regularly report project cost status to stakeholders, including senior management, clients, and project teams. Provide clear, concise, and actionable insights that enable informed decision-making.

• *Contract Administration:

• Review, negotiate, and administer contracts with suppliers, subcontractors, and consultants. Ensure compliance with contractual terms and conditions and manage change orders effectively.

• *Cost Reporting and Auditing:

• Prepare detailed cost reports for projects, including actual vs. budget comparisons, forecasted costs, and any significant variances. Conduct audits to verify the accuracy of cost data and ensure proper allocation of expenses.

• *Process Improvement:

• Continuously seek opportunities to improve cost management processes within the organization. This includes implementing best practices, leveraging technology, and fostering a culture of cost awareness among project teams.

• *Compliance:

• Ensure compliance with relevant health, safety, environmental, and quality standards during all cost-related activities. This may involve liaising with regulatory bodies, conducting internal audits, and providing training to team members as needed.

• *Collaboration:

• Work closely with project managers, engineers, architects, and other professionals to ensure the successful delivery of projects within budget. Provide advice on cost-related matters and support the wider project team in their efforts to control costs effectively.

• *Professional Development:

• Actively participate in professional development activities to stay abreast of industry trends, best practices, and regulatory changes. Mentor junior staff members to help them develop their skills and knowledge in cost management.

Competencies

In the role of Senior Cost Manager - Health, Science, and Education, the successful candidate will possess a unique blend of technical expertise, strategic thinking, and leadership skills to effectively manage cost-related activities within our organization's health, science, and educational sectors in the North East region. The following competencies are essential for this position:

• Extensive experience in cost management, budgeting, and financial analysis within the Health, Science, and Education industries.

• Proficiency in using various cost estimation tools, software, and systems to manage project costs effectively.

• Strong understanding of financial regulations, policies, and practices applicable to the Health, Science, and Education sectors in the North East region.

• Ability to analyze complex financial data, identify trends, and make informed decisions based on insights derived from data analysis.

• Familiarity with current and emerging cost management methodologies and best practices within the Health, Science, and Education industries.

• Ability to develop strategic cost management plans that align with organizational goals and objectives in the Health, Science, and Education sectors.

• Capacity to anticipate potential financial risks and devise mitigation strategies to ensure smooth project execution.

• Skill in creating and implementing cost-saving initiatives that optimize resource utilization and improve operational efficiency.

• Ability to collaborate with cross-functional teams to identify and address cost management challenges proactively.

• Capacity to evaluate the effectiveness of cost management strategies and make data-driven recommendations for improvement.

• Proven ability to lead and manage a team, inspiring them to deliver exceptional results in a dynamic work environment.

• Excellent interpersonal and communication skills, with the ability to build and maintain strong relationships with stakeholders across various levels within the organization.

• Demonstrated ability to mentor and develop junior team members, fostering their professional growth and career advancement.

• Strong problem-solving skills and a customer-focused mindset, ensuring that all cost management decisions prioritize the needs of our stakeholders in the Health, Science, and Education sectors.

• Ability to work under pressure, manage multiple priorities, and adapt quickly to changing circumstances in the North East region's fast-paced environment.

Overview

Title: Senior Cost Manager - Health, Science and Education

Location: North East

, a leading provider in the Health, Science, and Education sectors, is currently seeking a highly motivated and experienced Senior Cost Manager to join our team based in the North East. This is an exceptional opportunity for a seasoned professional to make a significant impact on some of the most critical projects we have in our portfolio.

In this role, you will be responsible for managing the financial planning, cost estimation, and budgeting across various projects within the Health, Science, and Education domains. Your expertise in cost management will ensure the successful execution of projects while maintaining a high level of quality and adherence to budgetary constraints.

Key Responsibilities:

• Lead project cost estimating and planning to ensure accurate and realistic budgeting.
• Develop and manage project financial plans, including cash flow forecasting and contingency planning.
• Collaborate with cross-functional teams to understand and allocate resources effectively.
• Provide expert guidance on cost-related issues during the project lifecycle.
• Ensure compliance with company policies, industry standards, and legal requirements related to cost management.
• Develop and maintain strong relationships with key stakeholders, including clients, suppliers, and internal teams.
• Contribute to the continuous improvement of our cost management processes and systems.

Qualifications:

• A degree in Cost Management, Quantity Surveying, or a related field is essential. Postgraduate qualification(s) in a relevant field would be advantageous.
• Proven experience as a Senior Cost Manager within the Health, Science, or Education sectors.
• Extensive knowledge of cost management principles and practices.
• Strong analytical skills with the ability to interpret complex data and provide actionable insights.
• Excellent communication skills, both written and verbal, with the ability to build relationships at all levels.
• Strong leadership skills, with a proven track record of managing and mentoring teams.
• Proficiency in using cost management software and tools is essential.

Joining as our Senior Cost Manager means you'll be part of a dynamic team that values innovation, collaboration, and continuous learning. We offer competitive remuneration packages, opportunities for career progression, and an inclusive workplace culture that embraces diversity and encourages growth.

If you are passionate about cost management and thrive in fast-paced environments, we would love to hear from you. To apply, please submit your resume and cover letter detailing your relevant experience and qualifications through our online application process.

is an equal opportunity employer. We celebrate diversity and are committed to creating an inclusive environment for all employees.

Note: Only candidates who meet the required qualifications will be contacted for an interview. Applications without a cover letter will not be considered.

Desired Candidate

We are seeking a highly experienced and dynamic *Senior Cost Manager

• to join our team in the North East, specializing in the Health, Science, and Education sectors. This is an exciting opportunity for a seasoned professional who thrives on complex projects and seeks to make a significant impact within a growing organization.

• Leading cost management functions across multiple projects within the Health, Science, and Education sectors.

• Developing and implementing cost control strategies that ensure project deliverables are achieved within budget.

• Collaborating with cross-functional teams to optimize resource allocation and minimize costs.

• Conducting financial analyses to forecast project expenses and identify potential cost overruns.

• Preparing comprehensive cost reports and presenting findings to stakeholders at all levels.

• Liaising with external vendors, contractors, and suppliers to negotiate favorable pricing and contracts.

• Complying with relevant financial regulations and standards in the Health, Science, and Education sectors.

• Mentoring junior cost managers and contributing to team development and training initiatives.

• Bachelor's degree in Finance, Accounting, Business Administration, or a related field. A Master's degree or relevant professional qualification (e.g., ACA, CFA, MCIP) is highly desirable.

• Minimum of 7 years of experience in cost management, preferably within the Health, Science, and Education sectors. Experience in a leadership role is essential.

• Proven ability to manage multiple projects simultaneously while meeting tight deadlines.

• Exceptional analytical skills with proficiency in financial modeling and forecasting.

• Strong negotiation and interpersonal skills, with the ability to build rapport with stakeholders at all levels.

• Excellent communication skills, both written and verbal, with a proven ability to explain complex financial concepts clearly and concisely.

• Strong organizational skills and attention to detail, with the ability to work accurately under pressure.

• Familiarity with project management software such as MS Project or Primavera is desirable.

• Knowledge of relevant financial regulations and standards in the Health, Science, and Education sectors is essential.

• A passion for continuous learning and staying abreast of industry trends and best practices.

If you are a results-driven professional with a strong track record in cost management, we encourage you to apply for this exciting opportunity. Join us on our mission to make a positive impact in the North East through innovative projects in Health, Science, and Education.

We are an equal opportunity employer and value diversity at our company. We do not discriminate on the basis of race, religion, color, national origin, gender, sexual orientation, age, marital status, veteran status, or disability status.

Cultural Values

In our organization, we value a unique blend of traditional North East cultural ethos and contemporary global best practices that drive innovation, excellence, and collaboration in the Health, Science, and Education sectors. As a Senior Cost Manager, you will be an integral part of this dynamic work environment, where your role will not only contribute to our mission but also align with our deeply rooted cultural values.

We acknowledge and respect the rich cultural heritage of the North East region. We believe in integrating traditional wisdom with modern strategies, fostering a workplace that values diversity, inclusivity, and the unique perspectives each team member brings.

Innovation is at the heart of our organization. We encourage our team members to think outside the box, challenge the status quo, and embrace change as an opportunity for growth. As a Senior Cost Manager, you will have the freedom to experiment with new ideas and methodologies to drive cost-effective solutions in our Health, Science, and Education projects.

We firmly believe that collective effort yields the best results. We foster a collaborative work environment where team members work together towards a common goal. As a Senior Cost Manager, you will be expected to collaborate with various departments, stakeholders, and partners to ensure successful project delivery.

Integrity is non-negotiable in our organization. We uphold the highest standards of ethics and transparency in all our operations. As a Senior Cost Manager, you will be expected to maintain the trust placed in you by your team, clients, and partners by conducting yourself with utmost integrity and professionalism.

We place great emphasis on learning and development. We invest in our team members' growth, providing them with opportunities to learn new skills, develop their existing ones, and advance in their careers. As a Senior Cost Manager, you will have access to various training programs, workshops, and mentorship opportunities to enhance your professional capabilities.

We strive to make a positive impact on society by focusing on Health, Science, and Education projects that benefit the community. We value empathy and compassion in our work, ensuring that we approach each project with sensitivity and understanding. As a Senior Cost Manager, you will have the opportunity to contribute to projects that make a tangible difference in people's lives.

Embracing these cultural values will not only help you thrive professionally but also contribute significantly to the overall success of our organization. We look forward to welcoming you as part of our team!

The Company

Welcome to , a leading provider of professional services in the Health, Science, and Education sectors across the North East region. Established over two decades ago, our mission is to deliver high-quality, innovative solutions that drive growth and excellence for our clients.

At , we are committed to fostering an inclusive and collaborative work environment where everyone's unique skills and perspectives contribute to our shared success. We believe that by investing in our employees, we can empower them to achieve their full potential and make a meaningful impact on the communities we serve.

As a Senior Cost Manager, you will join our dynamic team of professionals dedicated to delivering exceptional cost management services. You will work closely with clients from various Health, Science, and Education institutions, helping them optimize resource allocation, manage budgets effectively, and make data-driven decisions to drive their projects forward.

In this role, you will have the opportunity to leverage your expertise in cost management while working on a wide range of exciting and challenging projects. From state-of-the-art research facilities to cutting-edge educational institutions, you'll be at the forefront of shaping the future of these essential sectors.

Join us at and take the next step in your career as a Senior Cost Manager in the Health, Science, and Education sectors. Together, we can make a difference!