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Strategic Cost Engineer


Job Location:

Peterborough - UK

Monthly Salary: Not provided by the employer
Posted: 23 August 2026 (4 days ago)
Application Deadline: 20 November 2026
Vacancies: 1 Vacancy

Job Summary

Up to 58000 (Depending on Skills & Experience)
Permanent
Full Time / 37 Hours (Flexible working opportunities available)
Peterborough
Double Matched Pension Scheme (up to 21% combined)
Private Healthcare
Make every drop of your potential count!

We are looking for a Strategic Cost Engineer to join Anglian Waters Commercial Assurance team playing a key role in ensuring we deliver maximum value from our multi-billion-pound investment programme.

This role sits within our Strategic Cost Intelligence capability andis responsible fordevelopingassuringand improving the cost intelligence that underpins investment planning business planning regulatorysubmissionsand programme delivery.Youllbe a recognised technical expert helping the business make informed evidence-based decisions on some of the most significant investments across our water and wastewater networks.

Working closely with Commercial Finance Regulation Asset Management and Delivery teamsyoullprovide challengeassuranceand insight across estimating cost modelling performanceanalysisand data governance activities. This is an exciting opportunity for someone who enjoys combining technicalexpertisewith strategic influence and has a passion for continuous improvement and delivering value.

Whatyoullbe doing:
  • Lead the developmentassuranceand governance of strategic TOTEX estimates across major investment programmes.

  • Manage and continuously improve Anglian Waters Corporate Cost Estimation System and associated methodologies.

  • Developmaintainand validate cost models that support business planning investmentdecisionsand regulatory submissions.

  • Provide expert challenge and assurance on project estimates forecasting assumptions and cost intelligence outputs.

  • Analyse cost trends inflationimpactsand efficiency opportunities to support strategic decision-making.

  • Support the development of capital investment plans and commercial budgets through robust evidence-based cost analysis.

  • Lead cost intelligence activities including benchmarking performancereportingand cost-efficiency assessments.

  • Provide technical oversight of cost data collectiongovernanceand assurance processes.

  • Work closely with stakeholders across the business to improve forecasting accuracy dataqualityand commercial decision-making.

  • Produce clear defensible reports and evidence packs to support regulatory submissions and audit activities.

  • Deliver trainingguidanceand support to colleagues helping to build estimating and cost modelling capability across the organisation.

  • Drive continuous improvement across systemsprocessesand methodologies to strengthen cost intelligence and business performance

Whatwerelooking for
  • Degree-level qualification (or equivalent experience) in Engineering Quantity SurveyingMathematicsor a related technical discipline.

  • Significant experiencedeveloping and assuring estimates using cost models within large-scale programmes.

  • Experience working within a regulated industry and supporting business planning or price review activities.

  • Strong understanding of estimating cost modelling costassuranceand governance principles.

  • Excellent analytical problem-solving and data interpretation skills.

  • Experience working with complex datasets modellingtoolsand business systems.

  • Strong stakeholder management skills with the ability to influence and challenge constructively at all levels.

  • Excellent communication skills with the ability to translate complex technical information into clear business insight.

  • A proactive approach with a passion for continuous improvementinnovationandhigh standards.

  • Ability to work collaboratively across multiple functions to deliver high-quality outcomes.

Desirable:

  • Charteredstatus orworking towards professional accreditation (such as RICS or equivalent).

  • Water industry experience.

  • Knowledge of cost collection structures assethierarchiesand regulated infrastructure environments.

  • Experience supporting regulatory submissions and external audit activities.

Why join Anglian Water

As a Strategic Cost Engineeryoullhave the opportunity to shape how investment decisions are made across the business.Youllinfluence major programmes work alongside technical and commercial experts and help drive better outcomes through robust cost intelligenceassuranceand analysis.

This is an opportunity to apply yourexpertiseto high-profile challenges while developing your career within a supportive business that values innovationcollaborationand continuous improvement.

Benefits
  • 26 days annual leave plus bank holidays (increasing with length of service)

  • Flexible working options

  • Private healthcare

  • Competitive pension scheme. Anglian Water double-matches contributions up to 7%

  • Life assurance at eight times your salary

  • Annual bonus scheme

  • Personal accident cover

  • Virtual GP service

Inclusion at Anglian Water

We are committed to creating a workplace where everyone feels they belong. We are proud signatories of the Social Mobility Pledge Race at Work Charter and Armed Forces Covenant and we are a Disability Confident employer.

Closing Date:6thSeptember 2026

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Required Experience:

IC


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