Cost & Forecasting Manager

  • Job Reference: RNS-032-6786
  • Date Posted: 2 August 2022
  • Recruiter: Assystem
  • Website: https://www.assystem.com/en/sectors/nuclear/
  • Location: Bridgwater, Somerset
  • Salary: On Application
  • Bonus/Benefits: Bonus, Pension (5% employer contribution), 25 days' holiday
  • Sector: Construction, Engineering
  • Job Type: Permanent

Job Description

We have been asked to identify a Cost & Forecasting Manager to work in the PMO & Digital / lntegrated Project Controls department on the Hinkley Point C (HPC) Project.

For 50 years, we've been driven by the firm belief that engineers are the architects of tomorrow's world, leading the way with their daring, their expertise and their ability to push boundaries.
Together with our customers, our 6,000 employees innovate on a daily basis and contribute to accelerating energy transition throughout the world. They support the world's greatest engineering projects in the fields of energy, digital and transport. A fast-growing international Group, we are present in 13 countries (in Europe, the Middle East, Asia and Africa).

Schofield Lothian have been providing specialised construction industry consultancy services since 1979, delivering sustainable performance improvements within five practice areas: Consents & Engagement; Commercial Management; Project Management; Environment & Sustainability; and Contract Services.

Having an excellent reputation within the transport & infrastructure and property market sectors, they have developed relationships with a wide array of industry clients.

In an exciting development, Schofield Lothian & Assystem have allied with the intention of providing a comprehensive range of services and solutions across the industry. Schofield Lothian combining their focused knowledge and experience with Assystem's long history in the provision of design & project management, construction supervision and digital transformation services.

Job Purpose / Overview

  • Policy and Strategy definition of Cost Management, including oversight of day-to-day management, staffing and the development and implementation of Cost standards and processes.
  • The Cost and Forecasting Manager will report into the Head of lntegrated Project Controls (IPC) and lead a team of staff responsible for supporting the PMs in accurate cost forecasting and identifying potential cost pressures and facilitating remedial action.
  • Support the HPC Finance team to ensure consistency of approach and that the cost forecast supports the needs of the Quarterly EAC and Financial Forecasting process.

Breadth of Responsibility:

  • People: At the time of writing, the number of reports is: 4-5
  • Responsibility for the budget and contracts within the Programme Control Teams and the Central Controls Team


Challenges and Problem Solving:

  • Ensure alignment of data between Cost and other Disciplines of lntegrated Project Controls
  • Ensure alignment of actual cost of work performed (ACWP) and financial actuals
  • Work with key interfaces to identify and understand issues and concerns
  • Collaboratively resolve issues, implement corrective action, or escalate as required
  • Principal Accountabilities
  • Greater operational efficiencies by challenging the ways of working, the required information, and the means of communication. Ensuring maximum benefit from the systems implemented within IPC.
  • Collaborating with other key functions on HPC in respect of data and analysis,
  • Lead, manage, coach, and support all staff within the Cost Function
  • Responsible for the competency of staff within the Function ensuring suitably qualified and experienced personnel are available to fulfil the roles within the organisation
  • The position is responsible f or establishing and implementing Cost Control & Management processes performed across the HPC project
  • Responsible for managing Project cost reporting
  • Responsible for managing cost resources at a Programme level and overseeing the cost resources at a Sud Programme / Area level
  • Accountable for the development of Cost Systems and Reports capable of delivering the project objectives
  • Accountable for the definition of the supply chain cost reporting requirements to enable effective delivery of the integrated project
  • Oversees the review and acceptance of supplier cost reports
  • Leads and ensures the effective assessment of all changes and accurate representation of approved changes within the budgets held
  • Accountable for the accurate assessment of Forecast final Cost and impact of events on project timescales, ensuring that earned value techniques and indices are correctly implemented
  • Compare and analyse trends against the original cost estimates and budgets. Identify opportunities to bring costs in line with estimates and budgets. Also review change proposal estimates as requested, and facilitate provision of an independent estimate for comparison and validation of proposals
  • Oversees and provides timely and focused reporting to key stakeholders and project governance
  • Support the commercial review of major contract awards and amendments across the project

Knowledge, Skills, Qualifications & Experience

  • Substantial experience (10+ years) in cost management, control and administration on major infrastructure projects and programmes
  • Educated to at least degree level, or equivalent training and experience
  • A degree in Business Management, Engineering or Construction Management or equivalent is essential
  • Understanding of various contract types, in particular the NEC & FIDIC
  • Excellent communication and influencing skills
  • Substantial experience in managing and motivating Cost teams on major infrastructure programmes
  • Extensive experience of Cost applications with proven people management, team leader and communications skills
  • Technical expertise in Engineering Procurement Construction Delivery
  • Experience in the use of computer software products (including Microsoft Word, Excel, PowerPoint and Access)
  • Extensive skill and experience in presenting complex information to senior executives and shareholders
  • Skilled in oral and written communication with demonstrated ability to present cost information to peers and management
  • Experience in planning and delivering major infrastructure development programmes.
  • Strong people management skills and experience of leading and motivating teams through several organisational levels in a significantly sized business unit.