Cost Manager

Job title: Cost Manager
Band: 3
Salary: £50,000 - £60,000 per annum
Location: Endeavour Square, Stratford / Hybrid working
Contract Type: LU

Overview of role

The Power Electrical & Cooling, Procurement & Supply Chain Team is fully embedded within the Asset Performance & Capital Delivery (APCD) operations team. As part of a cross functional team, Commercial and Cost Managers work very closely with Project Managers, Engineers, Planners and Project Sponsors in respect of Project Cost Management protocols/controls and subsequent financial reports/analysis

The current focus for the team is supporting a circa £64Mpa integrated programme of works aimed at renewing and improving asset performance and capital delivery program for TFL across various areas of infrastructure. The Power and cooling team supports a diverse portfolio range from HV Power assets to electrical systems, cooling systems and asset maintenance program.

Key Accountabilities

• Provide the Commercial Managers/Projects with a total cost overview of programmes and individual projects through analysis and interpretation of project information.
• Managing project change.
• Compiling project and programme cost reports
• Ensure that all Approved Projects are managed in accordance with the LUL Cost Management Procedure.
• Ensure that all Project Estimate Summaries have comprehensive cost, time and resource documentation.
• Ensure that all Approved Projects are reported on the LUL financial management systems (WIF and SAP).
• Ensure accurate actual costs, cost of work done and forecasts; reflect the project programme, within the specified forecasting tolerances.
• Undertake cost loading of programmes
• Calculate, analyse, interpret and explain variances and relevant Key Performance Indicators (KPI) on the projects.
• Ensure that a Project Cost Control System is implemented and maintained.

Skills, Knowledge & Experience

Skills

• Strong oral and written communication skills.
• Well-developed listening skills, tact and diplomacy, and the ability to influence stakeholders.
• Excellent numeracy and data analysis skills (essential)
• Ability to Multi task and manage a busy pipeline of multiple project streams
• Ability to work as a team member as well as self-starter
• Results oriented

Knowledge

• Knowledge of cyclical management reporting and reviews.
• Knowledge of challenging costs to ensure effective cost management.
• Knowledge and skill in contributing positively to team negotiations.
• Understands risk management guidelines and control (desirable)
• Knowledge Project Governance and Project Pathway (desirable)
• Basic Commercial, Procurement & Contract knowledge (desirable)

Experience

• Extensive experience of SAP or similar enterprise systems (desirable)
• Extensive experience of Excel (essential)
• Extensive Experience of cost control in busy projects environment
• Experience working for the public sector or within similar environment (desirable)

Equality, Diversity and Inclusion

We are committed to equality, diversity and inclusion. We want to represent the city we serve, which will help us become a more innovative and efficient organisation. Our goal is to make our recruitment as inclusive as possible. We are a disability confident employer who guarantee an interview to any disabled candidate who meets all of the essential criteria. We also use anonymising software that removes identifying information from CVs and cover letters to make the process fair.

Application Process

Please apply using your CV and up to a two-page covering letter.

Think carefully about the skills, knowledge and experience in the advert and cover this well in your CV and cover letter combined.

The closing date for applications is Wednesday, 1st March @ 23:59

Benefits

In return for your commitment and expertise, you will enjoy excellent benefits and scope to grow. Rewards vary according to the business area but mostly include:

• Final salary pension scheme
• Free travel for you on the TfL network
• Reimbursement of 75% of the cost of a standard class Ticket for National Rail travel from home
• 29 days annual leave plus public and bank holidays
• Private healthcare discounted scheme (optional)
• Tax-efficient cycle-to-work programme
• Retail, health, leisure and travel offers
• Discounted Eurostar travel