Cost Management Lead

The Cost Management Lead oversees all aspects of project budgeting and cost control. The role holder is responsible for leading a team of cost managers. The role holder develops and implements robust cost control processes and ensures compliance with industry standards. The Cost Management Lead collaborates with various project leads to ensure cohesive planning and execution while driving continuous improvement initiatives within the cost management function. 

Principal Accountabilities 

• Oversee the implementation of cost control processes to monitor and manage project budgets expenditures and forecasts.  

• Manage project budgets ensuring alignment with project objectives and financial constraints.   

• Generate detailed cost reports and present findings to senior management providing insights and recommendations for cost optimisation.   

• Work closely with the Cost Estimating Lead Scheduling Lead Scope and Benefits Lead and Systems Implementation Lead Change Management and Finance Functions to ensure cohesive project planning and execution.   

• Collaborate with project managers and stakeholders to establish cost objectives and monitor progress.   

• Identify and assess costrelated risks developing mitigation strategies to minimise financial impact on the project.   

• Conduct cost analysis and provide recommendations for costsaving initiatives.   

• Prepare and present cost reports including variance analysis and cost projections.   

• Proactively managing cost variance and contract cash flow and ensuring that applications are made correctly and in a timely manner.   

• Ensure all cost management activities comply with relevant regulations standards and best practices.   

• Provides support and inputs to procurement process ensuring stages including prequalification enquiry analysis selection and contract preparation are performed effectively.   

• Provides support and inputs to the preparation and evaluation of tender documents ensuring accuracy and compliance with project requirements.   

• Drive continuous improvement initiatives within the cost management function leveraging industry best practices and innovative solutions.   

• Perform additional tasks activities or other duties as may be required or assigned as part of the role. 

Qualifications :

• 15 years of experience in Construction Cost/Finance Management Consultancy or Contractor/Developer experience. 

• Extensive experience in conceptual project budgeting construction risk identification scheduling project planning design and cost management and controls at various project stages. 

• Extensive experience with major infrastructure engineering or manufacturing programmes 

• Possess a detailed knowledge of construction procedures and procurement processes.

Skills 

• Strong knowledge of budgeting cost control and financial reporting.  

• Financial acumen for handling budgets forecasts cost control and financial reports. 

• Leadership and team management skills for leading and supervising teams.  

• Strong numerical skills for accurate calculations and data analysis.  

• Project management skills for planning executing and closing projects efficiently.  

• Risk management abilities to identify and mitigate potential risks.  

• Strong analytical and critical thinking skills since a quantity surveyor is required to oversee monitor and manage every aspect of the cost and production of a particular construction project. 

• Strong understanding of project management principles including planning scheduling and resource allocation.  

• Strong ability to analyse data identify trends and make informed decisions based on financial and project data.  

• Excellent verbal and written communication skills to facilitate clear and consistent dialogue between all parties involved. 

• Strong ability to work in a collaborative manner that is positive open transparent and is a clear and effective communicator. 

• Strong knowledge of budgeting cost control and financial reporting.  

• Proficiency in cost management/Financial project management software such as MS Project Primavera or specialised construction/finance management tools.  

• Strong understanding of project management principles including planning scheduling and resource allocation.  

• Ability to analyse data identify trends and make informed decisions based on financial and project data.  

• Excellent verbal and written communication skills to facilitate clear and consistent dialogue between all parties involved. 

• Ability to work in a collaborative manner that is positive open transparent and is a clear and effective communicator. 

• Indepth knowledge of construction and its principles and guidelines. 

Formal Education Qualifications 

• Minimum Level 8 degree (or equivalent) in relevant subject area e.g. engineering project management cost and commercial/financial management etc.   

• Relevant industry recognised professional qualification MRICS MSCSI Certified Management Accountant or equivalent (CMA) 

• Chartered status with SCSI / RICS IEI ICE  

Additional Information :

Our inspired people share our vision and mission. We provide a great place to work where each person has the opportunity and voice to affect change.

We want our people to succeed both in work and life. To support this we promote a healthy productive and flexible working environment that respects worklife balance. 

Turner & Townsend is an equal opportunity employer. We celebrate diversity and are committed to creating an inclusive environment for all employees and actively encourage applications from all sectors of the community.

Please find out more about us at  control responsibilities may be part of this role which are to be adhered to where applicable.

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It is strictly against Turner & Townsend policy for candidates to pay any fee in relation to our recruitment process. No recruitment agency working with Turner & Townsend will ask candidates to pay a fee at any time. 

Any unsolicited resumes/CVs submitted through our website or to Turner & Townsend personal email accounts are considered property of Turner & Townsend and are not subject to payment of agency fees. In order to be an authorised Recruitment Agency/Search Firm for Turner & Townsend there must be a formal written agreement in place and the agency must be invited by the Recruitment Team to submit candidates for review. 

Join our social media conversations for more information about Turner & Townsend and our exciting future projects: 

Twitter

Instagram

LinkedIn

It is strictly against Turner & Townsend policy for candidates to pay any fee in relation to our recruitment process. No recruitment agency working with Turner & Townsend will ask candidates to pay a fee at any time. 

Any unsolicited resumes/CVs submitted through our website or to Turner & Townsend personal email accounts are considered property of Turner & Townsend and are not subject to payment of agency fees. In order to be an authorised Recruitment Agency/Search Firm for Turner & Townsend there must be a formal written agreement in place and the agency must be invited by the Recruitment Team to submit candidates for review.