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Cost Manager - London

🌟 Position: 157CMR: Cost Manager London

📍 Location: Hybrid with 2-3 office days in London

💼 Type: Full-time

📅 Start Date: Immediate

💰 Salary: Competitive

We have a fantastic opportunity for a highly motivated, dynamic Cost Manager who will be part of the PMO team and support the delivery of accurate and timely project information relating to performance against the project baseline. 

About us: CMR is first and foremost a team of people, passionate about the construction industry and changing the way project controls is provided. We are a progressive & dynamic consultancy offering tailored project controls services across a range of industries.

Our Purpose (Why we exist): Inspiring new ways to help shape our construction industry.

Our Ambition (What we want to achieve): Re-imagine project controls through a digital lens, being the obvious choice for clients and the place to grow together with intention.

🔹 What’s in it for you?

·       At CMR you will have the opportunity to professionally develop like nowhere you have worked before.

·       If you demonstrate the capability, our merit based system will enable you to develop fast.

·       We use our in-house capability matrix to transparently track your progression and highlight development areas.

·       Join our small, dynamic team where every member has the chance to make a significant impact, shaping the future direction of our company and making a real difference.

·       We believe in rewarding our team for their achievements, celebrating our successes but equally helping each other when things are tough.

 

🔹 You'll

·       Drive the cost performance monitoring and reporting for the Programme including trend and EV analysis associated with key commitments and expenditures.

·       Have responsibility for the collation and analysis of Programme Cost Information in accordance with the Cost Management Policy and Procedures.

·       Managing contract change effectively, ensuring that projects remain within governance and adopt best practice.

·       Driving improvements in the accuracy of forecasts and budgets

·       Assurance and review of Contractor Cost submissions, with the ability to challenge information where required to ensure realistic project updates.

 

🔹 About You

Essential

·       Ability to communicate cost and performance information to peers/managers

·       Good attention to detail and skilled in interpreting and analysing cost data.

·       Experience of identifying, analysing, and solving problems.

·       Strong understanding/ working knowledge of Earned Value Methodologies

·       Experienced in working within Project Controls in a Major Programme environment

·       Strong understanding/ working knowledge of Cost engineering/ forecasting tools (such as PRISM/ EcoSys/ Cobra)

Desirable skill:

·       Knowledge of engineering, procurement, forms of contracts and construction generally

·       Knowledge of engineering and construction management customarily acquired over time through specialised instruction or practical experience.

·       Knowledge of risk / schedule functions and understanding of interface with cost.

 ·       Educated to professional standard and membership of an appropriate body and to degree level or equivalent.

🔹 At CMR we have a strong culture driven by our 9 Core Principles. We look to build a community of people that have the same beliefs as we do!  You can find out more about us here: https://cmr.london/who-we-are/

 

📍 Requirements and Location:

·       Full right to work in the UK

·       Hybrid with 2-3 office days in London

 

📦 Salary & Benefits

·       25 days holiday (plus Bank Holidays)

·       Comprehensive Private Healthcare (Inc Dentist and Optician)

·       Life Assurance (x4 Salary)

·       Pension: employers' contribution of 4%

·       Company and personal performance-based bonus

·       Salary Sacrifice Scheme

·       Long Service Leave

·       Training and professional development

·       Regular social events

·       Perkbox – employee experience platform

 

➡️ Next Steps

To apply to our vacancy please submit a copy of your CV for consideration. As we receive many applications to our roles, please include a short summary explaining why you want to join us and what you think you can bring to the team.

We look forward to hearing from you!

 

CMR welcomes and encourages diversity in our workforce. CMR is Disability Confident Committed and an Equal Opportunity Employer. All qualified applicants will receive consideration for employment without regard to race, colour, religion, age, sex, sexual orientation, gender identity, national origin or disability or any other protected characteristics. We aim to create a culture where everyone can be themselves and is valued for their strengths and unique perspectives.

 

 

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What You Should Know About Cost Manager - London , Cooper Moss Rutland

If you're ready to take on a new challenge as a Cost Manager in the bustling city of London, CMR has a fantastic opportunity waiting for you! We're seeking a highly motivated individual to join our dynamic PMO team. At CMR, we believe in inspiring innovative approaches to project controls in the construction industry, and you'll play a vital role in this mission. In this full-time position, you’ll drive the cost performance monitoring and reporting for our programs, ensuring accuracy and timely project information that align with established baselines. You'll have the chance to analyze and compile Programme Cost Information, manage contract changes, and drive improvements in forecasting and budgeting accuracy. We are a progressive consultancy committed to creating a workplace where every team member has the opportunity to grow and make an impact. Join us and enjoy a competitive salary, comprehensive benefits including private healthcare and generous holiday allowances, plus the chance to work remotely with just 2-3 office days in London. If you're detail-oriented and ready to immerse yourself in a culture that values diversity and collaboration, then this could be your next great step!

Frequently Asked Questions (FAQs) for Cost Manager - London Role at Cooper Moss Rutland
What are the responsibilities of a Cost Manager at CMR in London?

As a Cost Manager at CMR in London, you will be responsible for driving cost performance monitoring and reporting for programs. This includes managing the collation and analysis of Programme Cost Information, ensuring effective management of contract changes, and improving the accuracy of forecasts and budgets. You'll also review and assure Contractor Cost submissions, and challenge information as necessary, all while collaborating closely with your team.

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What qualifications do I need to apply for the Cost Manager position at CMR in London?

To be considered for the Cost Manager position at CMR in London, applicants should have strong experience in project controls, ideally within a Major Programme environment. Essential qualifications include a solid understanding of Earned Value Methodologies and expertise in cost engineering and forecasting tools such as PRISM, EcoSys, or Cobra. An educational background to a professional standard or membership in an appropriate body is also required.

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What skills are essential for success as a Cost Manager at CMR in London?

Success as a Cost Manager at CMR in London requires excellent communication skills to convey cost and performance information effectively. You should have a keen attention to detail, able to interpret and analyze cost data accurately. Problem-solving skills and a strong understanding of cost engineering practices are also essential for navigating challenges that may arise during project execution.

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What career development opportunities are available for Cost Managers at CMR in London?

At CMR in London, we prioritize your professional development and have a merit-based system that allows ambitious Cost Managers to progress quickly. With our in-house capability matrix, you can transparently track your growth and identify areas for further development. Join our small, dynamic team and seize the chance to significantly influence the future direction of our company.

Join Rise to see the full answer
What benefits does CMR offer to Cost Managers in London?

CMR offers a range of competitive benefits to our Cost Managers in London, including 25 days of holiday plus bank holidays, comprehensive private healthcare, life assurance at four times your salary, and a pension with an employer's contribution of 4%. You’ll also have access to training and professional development, a performance-based bonus system, and regular social events to foster team camaraderie.

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Common Interview Questions for Cost Manager - London
Can you describe your experience with Earned Value Methodologies as a Cost Manager?

In answering this question, highlight your specific experiences where you successfully implemented Earned Value Management. Discuss how you utilized it to track project performance and make informed decisions about cost and schedule adjustments.

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What strategies do you employ to manage contract changes effectively?

Effective management of contract changes involves a mix of proactive planning and open communication with stakeholders. Discuss your approach to tracking changes, understanding the implications for project costs, and ensuring that all parties are aligned on the changes being made.

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How do you ensure accuracy in cost forecasting?

Provide insights into the specific methods and tools you use to improve forecasting accuracy. Discuss the importance of using historical data, collaborating with project teams, and regularly updating forecasts based on new information.

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How do you handle discrepancies in Contractor Cost submissions?

Describe your analytical process for identifying discrepancies and how you approach rectifying these issues. Emphasize the importance of clear communication and maintaining professional relationships while ensuring project governance.

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What do you consider your greatest achievement in project controls?

Choose one significant achievement that showcases your skills as a Cost Manager, detailing the project context, your specific role, and the positive outcomes that resulted from your contributions.

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How do you prioritize tasks when managing multiple projects?

Discuss your approach to prioritizing workload, including how you assess critical tasks, manage deadlines, and ensure that you remain adaptable to changing project needs.

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What role does teamwork play in successful project control management?

Highlight the importance of collaboration and how building a strong rapport with your team leads to better communication, shared knowledge, and ultimately improved project outcomes. Provide an example of how teamwork has impacted a project you handled.

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What tools do you prefer for cost management and why?

Explain your familiarity with various cost management tools you have used and why they are your favorites. Discuss the advantages these tools offer in tracking project costs, generating reports, and aiding decision-making.

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How do you stay updated with changes and trends in project controls?

Emphasize your commitment to continuous learning through attending industry seminars, participating in training programs, and engaging with professional organizations relevant to project controls and cost management.

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Describe a time you improved a process within your previous role.

Illustrate a specific example where you identified a process that required improvement, the steps you took to enhance it, and the positive impact this had on project efficiency and cost savings.

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Full-time, hybrid
DATE POSTED
January 12, 2025

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