The Senior Cost Manager reports directly to the Cost Management Lead and supports in all aspects of project budgeting, procurement and cost control. The role holder develops and implements robust cost control processes, manages procurement activities and ensures compliance with industry standards. The Senior Cost Manager collaborates with various project teams to ensure cohesive planning and execution, while driving continuous improvement initiatives within the cost management function. This role is critical in ensuring the responsible use of public funds and maintain transparency in financial processes.
- Develop and implement cost control processes to monitor and manage project budgets, expenditures, and forecasts.
- Prepare, review, and manage project budgets, ensuring alignment with project objectives and financial constraints.
- Manage the procurement process, ensuring stages including prequalification, enquiry, analysis selection and contract preparation are performed effectively.
- Oversee the preparation and evaluation of tender documents, ensuring accuracy and compliance with project requirements.
- 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 to ensure cohesive project planning and execution.
- Collaborate with project managers and stakeholders to establish cost objectives and monitor progress.
- Identify and assess cost-related risks, developing mitigation strategies to minimise financial impact on the project.
- Conduct cost analysis and provide recommendations for cost-saving initiatives.
- Prepare and present cost reports, including variance analysis and cost projections.
- Pro-actively monitoring and 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.
- Drive continuous improvement initiatives within the cost management function, leveraging industry best practices and innovative solutions.
- Coach junior staff, including the allocation of roles and responsibilities to ensure effective cost management.
- Perform additional tasks, activities or other duties as may be required or assigned as part of the role.