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Cost Manager - London/Suffolk

🌟 Position: 156CMR: Cost Manager

📍 Location: Hybrid with 2-3 office days alternating between London and Suffolk

💼 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 alternating between London and Suffolk

 

📦 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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Average salary estimate

$65000 / YEARLY (est.)
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$50000K
$80000K

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

Are you ready to take your career to the next level? CMR is looking for a vibrant and skilled Cost Manager to join our dynamic PMO team, based in Suffolk with the flexibility of hybrid work, alternating between our London and Suffolk offices. As a Cost Manager, your main responsibility will be to provide accurate and timely project information, helping us track our performance against the project baseline. Here at CMR, we’re passionate about shaking up the construction industry and bringing innovative project controls services to life. You'll be at the forefront of driving cost performance monitoring, overseeing the collation and analysis of Programme Cost Information, and ensuring our projects remain compliant with best practices. If you're experienced in project controls within major programme environments and have a keen eye for detail, you'll fit right in. What’s more, you’ll have unparalleled opportunities for professional development that can accelerate your growth in this exciting industry. Our merit-based system allows dedicated team members to progress quickly, and we celebrate every success together! With fantastic benefits such as comprehensive healthcare, generous holiday, and regular social events, everything we do at CMR is centered around our core values. If you thrive in a collaborative environment where your efforts truly make a difference, we want to hear from you! Join us on our mission to redefine project controls and shape the future of the construction industry.

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

As a Cost Manager at CMR, your primary responsibilities will include driving cost performance monitoring and reporting for the Programme, collating and analyzing Programme Cost Information, and managing contract changes effectively. You will be expected to assure and review Contractor Cost submissions and proactively improve forecast and budget accuracy.

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What qualifications are required for the Cost Manager position at CMR?

The Cost Manager role at CMR requires a strong understanding of earned value methodologies, experience in project controls within major programme environments, and proficiency in cost engineering/forecasting tools like PRISM, EcoSys, or Cobra. A degree level education or equivalent and membership of a professional body are also preferred.

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How does CMR support the professional development of a Cost Manager?

At CMR, we prioritize the professional development of our team members. For Cost Managers, we utilize a merit-based system that allows for quick progression based on performance. Our in-house capability matrix helps track development areas transparently, ensuring that you get the support needed to advance in your career.

Join Rise to see the full answer
What soft skills are important for a Cost Manager at CMR?

A successful Cost Manager at CMR must possess strong communication skills to convey cost and performance information, attention to detail for analyzing cost data, and problem-solving abilities to tackle challenges effectively. Teamwork is also essential, as collaboration drives our success.

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What benefits does CMR offer to its Cost Managers?

CMR provides a competitive salary and attractive benefits for Cost Managers, including 25 days of holiday plus bank holidays, comprehensive private healthcare, life assurance, pension contributions, performance-based bonuses, training opportunities, and regular social events to foster workplace camaraderie.

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Common Interview Questions for Cost Manager - London/Suffolk
Can you describe your experience with earned value methodologies?

When answering this question, provide specific examples of projects where you successfully applied earned value methodologies. Highlight your understanding of the concepts and how you used them to track project performance and costs.

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How do you ensure accuracy in your cost forecasts?

Discuss your approach to maintaining accurate cost forecasts. Mention any tools or techniques you have used, such as trend analysis or collaboration with project teams to gather relevant data.

Join Rise to see the full answer
Describe a time you had to manage a significant contract change.

Share a specific instance where you managed a contract change, detailing the complexities involved and how you ensured compliance and best practices. Focus on your communication and negotiation skills.

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How do you handle discrepancies in cost data?

Explain your problem-solving process when faced with discrepancies. Highlight how you investigate the issue, engage with stakeholders, and utilize analytical skills to find and implement solutions.

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What cost management software have you used in your previous roles?

Mention any specific software you're familiar with, like PRISM, EcoSys, or Cobra. Provide examples of how you utilized the software to improve cost management processes.

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How do you stay updated on industry trends related to cost management?

Discuss your strategies for staying informed about industry developments, such as attending workshops, reading industry publications, and participating in professional networks, emphasizing your commitment to continuous learning.

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What is your approach to communicating cost performance information to the team?

Describe your communication strategies when presenting cost performance data. Highlight the importance of clarity, consistency, and ensuring that all team members understand the implications of the data on the project.

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Can you provide an example of successful cost control on a project?

Share a specific project where you implemented effective cost controls, detailing the methods used and the outcomes achieved. Be sure to highlight your role and the impact your actions had on the project's success.

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How do you prioritize your workload in a dynamic environment?

Explain your prioritization strategies when managing multiple tasks. Discuss how you assess the urgency and impact of various tasks and collaborate with your team to balance demands.

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Why do you want to work at CMR as a Cost Manager?

When answering this question, align your response with CMR's values and mission. Express your passion for innovative project controls and how you envision contributing to the company’s goals.

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Full-time, hybrid
DATE POSTED
January 12, 2025

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