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Cost Engineer
Job Posted: 13 days ago
Salary: £ 55,000 - 55,000 / Annum
Job Type: Permanent
Location: Kingston upon Hull
Expire in: 15 days
Job Description
Are you an experienced Cost Engineer?
Are you based locally to Hull or prepared to relocate?
Are you from a Petrochemical or Chemical background?
Cost Engineer (x2) Location: Hull (on-site)
Start Date: ASAP
Hours: 37.5 per week (Full-Time)
Contract Type: Permanent
Salary: £55,000 per annum
Living Away Allowance: £355.67/week (if commuting more than 45 miles from site)
Overtime: Available
Overview A leading engineering and maintenance provider is looking to appoint two experienced Cost Engineers for permanent roles based on-site in Hull. These are full-time positions supporting large-scale industrial works, with the opportunity to contribute to cost control, forecasting, subcontractor management, and commercial performance across complex engineering environments.
Key Responsibilities
Produce financial reports to support monthly profit and loss (P&L) reporting
Re-measure and validate updates to the Bill of Quantities (BOQ)
Forecast actuals versus budget and report variances
Carry out risk analysis (best case, worst case, most likely scenarios)
Manage cost accruals across subcontractors, plant, and materials
Analyse weekly cost data using SAP and Power BI
Maintain full awareness of all subcontract agreements
Administer Early Warning Notices from subcontractors
Support cost value reconciliation and forecasting
Review, respond to, and track Compensation Events and change control
Prepare data for payment applications
Facilitate subcontractor meetings and progress reviews
Negotiate and agree subcontractor valuations and payment certifications
Develop and maintain cash flow forecasts
Perform audits of subcontractor claims, rates, and progress
Identify opportunities to improve margins through cost efficiencies
Experience Required
Strong working knowledge of NEC4 Option B contracts
Understanding of the NAECI Agreement
Experience on major construction or engineering projects
Familiarity with Standard Method of Measurement (SMM)
Commercially focused with strong analytical and reporting skills
Proficient in tools such as SAP and Power BI
Additional Information
Site-based role in Hull, Monday to Friday
Living away allowance of £355.67/week for those based more than 45 miles from site
Overtime available depending on project requirements
This is a great opportunity to join a major industrial programme in a permanent capacity with excellent long-term potential.
Millbank Holdings Ltd is an equal opportunities employer and respects diversity. We welcome applications from all suitably qualified persons who are eligible to live and work in the UK.
Millbank is proud to be a member of the ‘Disability Confident Scheme’. Millbank operates as an Employment Agency and Business.
Millbank Holdings Ltd is an equal opportunities employer committed to creating an inclusive and diverse workforce. We welcome applications from all suitably qualified individuals, regardless of background, and encourage candidates from underrepresented groups to apply.
We are proud to be a member of the Disability Confident Scheme, and we are committed to ensuring an accessible and supportive recruitment process for everyone. If you require any adjustments at any stage, please let us know and we’ll do our best to accommodate.
Millbank operates as both an Employment Agency and an Employment BusinessBefore You Apply
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Looking for your next career move? Join a top company hiring Cost Engineer job near me in Kingston upon Hull! This is your chance to work on exciting projects, grow professionally, and enjoy a rewarding career with competitive pay and excellent benefits. Whether you're an experienced professional or looking to take the next step, this role offers the perfect opportunity to enhance your skills and make an impact. Don’t miss out—apply today via Vita CV and take your career to the next level!
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