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Cost Manager (Rail industry)

Company Description

Work with Us. Change the World.

At AECOM, we're delivering a better world. Whether improving your commute, keeping the lights on, providing access to clean water, or transforming skylines, our work helps people and communities thrive. We are the world's trusted infrastructure consulting firm, partnering with clients to solve the world’s most complex challenges and build legacies for future generations.

There has never been a better time to be at AECOM. With accelerating infrastructure investment worldwide, our services are in great demand. We invite you to bring your bold ideas and big dreams and become part of a global team of over 50,000 planners, designers, engineers, scientists, digital innovators, program and construction managers and other professionals delivering projects that create a positive and tangible impact around the world.

We're one global team driven by our common purpose to deliver a better world. Join us.

Job Description

Start here. Grow here.

Are you a talented and ambitious Cost Manager looking to work on exciting infrastructure projects that can change the world, projects that are always more complex and innovative than the last?
We are looking for experienced Cost Managers to support our exciting growth plans, working with our key infrastructure clients, particularly in the rail sector in the Northwest and Midlands, supporting the successful delivery of their capital projects and programmes of work. You will be joining an established team of like-minded experts that have a passion for innovation and delivering cutting edge solutions.
As a Cost Manager within our Infrastructure team, you will provide a comprehensive, accurate and value driven service for large, high profile and exciting key client within the rail sector. The role also presents opportunities to work across other sectors including highways, water, and power sectors throughout the UK.
The role will cover all aspects of cost management throughout the whole project lifecycle from initial inception / business case through to completion / commissioning. The role also provides the opportunity to support the growth of the business and management/development of team members within the Northwest and Midlands.

Here’s what you’ll do

Duties include (but not limited to):

  • Deliver all aspects of cost management from inception of a project through to completion.
  • Achieve the highest standards of professional competence and to demonstrate this ability in all dealings with clients and professional contacts, reinforcing the profile of the company.
  • Drive performance standards and technical excellence through communication and effective use of the performance management process and AECOM technical practice networks.
  • Maintain and develop good relationships with clients, take every opportunity to uphold and increase the profile of the firm as a provider of professional, premium quality services to the construction industry.
  • Actively support the internal team and manage more junior staff on technically complex projects.
  • Develop marketing opportunities and where appropriate bring to the attention of Directors and the Business Development Department, in order that they may assist in following up potential leads enabling the development of new business. 

Qualifications

Ready to push the limits of what’s possible? (Qualifications and Experience)

Here’s what we’re looking for: 

  • A minimum of three years’ experience and strong track record in the Cost Management/Quantity Surveying field, ideally working on large scale infrastructure projects.
  • Good working knowledge of NEC4 suite of contracts, particularly the Professional Services Contract (PSC) and Engineering and Construction Contract (ECC)
  • Experience of undertaking cost/commercial management as part of integrated, multi-organisation, collaborative teams
  • Experience of working within a client organization, either directly or through a colocation/secondment arrangement would be of benefit.
  • Ability to identify and influence key client stakeholders, building effective relationships to grow workload/portfolio

Preferred Qualifications:

  • Degree in Quantity Surveying (or equivalent).
  • Accredited to MRICS (or equivalent) or working towards it

Additional Information

We celebrate diversity, including neurodiversity, and believe it enriches our team. We welcome applications from all backgrounds and abilities. If you are an applicant with a disability that requires reasonable accommodation to complete the application process, please contact us at [email protected]  At AECOM, we value everyone's unique contributions and perspectives.

If you meet some of the requirements above or have transferable skills you believe would benefit us, we would be delighted to hear from you!

About AECOM

AECOM is the world’s trusted infrastructure consulting firm, delivering professional services throughout the project lifecycle – from advisory, planning, design and engineering to program and construction management. On projects spanning transportation, buildings, water, new energy and the environment, our public- and private-sector clients trust us to solve their most complex challenges. Our teams are driven by a common purpose to deliver a better world through our unrivaled technical and digital expertise, a culture of equity, diversity and inclusion, and a commitment to environmental, social and governance priorities. AECOM is a Fortune 500 firm and its Professional Services business had revenue of $14.4 billion in fiscal year 2023. See how we are delivering sustainable legacies for generations to come at aecom.com and @AECOM.

Freedom to Grow in a World of Opportunity 

You will have the flexibility you need to do your best work with hybrid work options. Whether you’re working from an AECOM office, remote location or at a client site, you will be working in a dynamic environment where your integrity, entrepreneurial spirit and pioneering mindset are championed.

You will help us foster a safe and respectful workplace, where we invite everyone to bring their whole selves to work using their unique talents, backgrounds and expertise to create transformational outcomes for our clients.

AECOM provides a wide array of compensation, benefits and well-being programs to meet the diverse needs of our employees and their families. We’re the world’s trusted global infrastructure firm, and we’re in this together – your growth and success are ours too.

Join us, and you’ll get all the benefits of being a part of a global, publicly traded firm – access to industry-leading technology and thinking and transformational work with big impact and work flexibility. As an Equal Opportunity Employer, we believe in each person’s potential, and we’ll help you reach yours. We are a Disability Confident Employer and will offer an interview to applicants who have a disability or long-term condition, who meet the minimum/essential criteria for the role. Please let us know using this email address [email protected]  if you would like to apply through the Disability Confident Interview Scheme.

All your information will be kept confidential according to EEO guidelines.

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Average salary estimate

$60000 / YEARLY (est.)
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What You Should Know About Cost Manager (Rail industry), AECOM

Are you a skilled Cost Manager looking to make an impact in the rail industry? AECOM in Liverpool is on the lookout for talented professionals like you to join our dynamic team! As a Cost Manager at AECOM, you’ll help shape the future of infrastructure projects in the Northwest and Midlands. Imagine working on high-profile rail projects that not only challenge your technical skills but also contribute to the community and environment. You will be responsible for all aspects of cost management throughout the project lifecycle, from inception to completion, ensuring that our clients receive exceptional service and value. Here, you will collaborate with a team of dedicated experts, pushing the boundaries of innovation and excellence. Your role will enable you to cultivate essential client relationships and mentor junior team members, all while actively contributing to the business's growth. AECOM values your unique contributions and perspectives, celebrating diversity within our teams. If you have a passion for delivering high-quality results and a solid background with a minimum of three years in Cost Management or Quantity Surveying, especially in large-scale infrastructure, we would love to hear from you! Join us at AECOM and work in an environment that not only supports your career growth but also welcomes your bold ideas. Together, let’s create a better world through our commitment to infrastructure sustainability and excellence. Come grow with us!

Frequently Asked Questions (FAQs) for Cost Manager (Rail industry) Role at AECOM
What are the main responsibilities of a Cost Manager at AECOM?

As a Cost Manager at AECOM, you will oversee all facets of cost management for projects, driving them from inception through to completion. Your duties will include ensuring high standards of professional competence, maintaining strong client relationships, managing junior staff, and supporting the strategic growth of the business. You will bring your expertise to bear on large and complex railway projects, delivering insightful and value-oriented solutions.

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What qualifications are needed for the Cost Manager role at AECOM?

To excel as a Cost Manager at AECOM, you should possess a minimum of three years' experience in the Cost Management or Quantity Surveying field, with a focus on large-scale infrastructure projects. A degree in Quantity Surveying or an equivalent qualification is preferred, along with familiarity with NEC4 suite of contracts. Ideally, you should be accredited or working toward MRICS status to align with our standards of excellence.

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What type of projects will a Cost Manager at AECOM work on?

At AECOM, Cost Managers will primarily find themselves involved in high-profile railway construction projects in the Northwest and Midlands, among other infrastructure initiatives. There will also be opportunities to participate in projects spanning highways, water, and power sectors throughout the UK, allowing for diverse project experience and professional growth.

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How does AECOM support the professional development of its Cost Managers?

AECOM takes professional development seriously, providing opportunities for Cost Managers to mentor and manage junior staff, engage in performance management processes, and participate in technical practice networks. You’ll have access to comprehensive benefits, continuous learning programs, and the freedom to work flexibly, encouraging both personal and professional growth.

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What is the work culture like for a Cost Manager at AECOM?

The work culture at AECOM is dynamic, supportive, and diverse. As a Cost Manager, you will enjoy a flexible working environment that values your input and fosters innovation. Collaborating with a global team of experts, you will find ample opportunities to share ideas, tackle challenges, and contribute to meaningful projects, all while being celebrated for your unique contributions.

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Common Interview Questions for Cost Manager (Rail industry)
Can you explain the cost management process you follow on infrastructure projects?

When asked about your cost management process, outline your approach from project inception to completion. Discuss how you ensure cost accuracy, maintain budgets, and collaborate with various stakeholders to deliver value-driven solutions. Use an example to highlight your analytical skills and how you manage cost-related challenges.

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How do you handle disputes with clients regarding project costs?

In response to this question, emphasize the importance of communication and documentation. Discuss strategies such as setting clear expectations upfront, maintaining regular updates, and employing negotiation skills to resolve disputes amicably. Reference a specific instance where you successfully navigated a cost dispute to demonstrate your capability.

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What experience do you have with NEC4 contracts in your cost management role?

Highlight your familiarity with NEC4 contracts, particularly the Professional Services Contract (PSC) and Engineering and Construction Contract (ECC). Share your experience in applying these contracts to manage costs effectively, ensuring compliance and addressing any challenges that arise within their framework.

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Describe a time when you successfully delivered a cost savings initiative.

Share a detailed example of a cost savings initiative you led. Describe the problem, your critical analysis, the solution you implemented, and the resulting cost savings. Focus on how your actions positively impacted the project and client relationship, showcasing your ability to innovate and deliver value.

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How do you prioritize your tasks during busy project phases?

Discuss your time management strategies, emphasizing tools like prioritization matrices or project management software. Share how you assess urgency and importance in tasks, reviewing deadlines, and managing workloads effectively to ensure all project milestones are met.

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What methods do you use to forecast project costs effectively?

Describe the techniques you employ for effective cost forecasting, such as historical data analysis, market research, and collaboration with engineering teams. Emphasize the importance of accuracy and adaptability in your forecasting methods to manage potential budget variances.

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How would you approach mentoring a junior team member?

Explain your mentoring philosophy, focusing on patience and guidance. Outline how you would assess their skills, provide constructive feedback, and offer hands-on training. Stress the importance of creating a supportive environment where they can ask questions and build confidence.

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What software tools do you find most useful for cost management?

Mention your proficiency with industry-standard cost management software such as CostX, SAP, or Microsoft Project. Discuss how you utilize these tools for budget tracking, reporting, and communication, highlighting the efficiencies they bring to your projects.

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Can you give an example of how you improved a project’s financial performance?

Provide a concrete example where your intervention positively impacted a project's financial performance. Focus on the strategies you implemented, the metrics you monitored, and the collaboration with stakeholders to achieve significant improvements in cost efficiency.

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What do you believe are the key skills a successful Cost Manager must have?

Discuss critical skills such as analytical thinking, attention to detail, strong communication, and adaptability. Emphasize the importance of these skills in navigating complex projects and liaising effectively with clients and team members to achieve successful outcomes.

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As the world’s trusted infrastructure consulting firm, we’re committed to managing our business with the utmost responsibility and to always strive for better – whether by reducing emissions, creating social value or diversifying our senior leader...

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Full-time, hybrid
DATE POSTED
March 18, 2025

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