Purpose of the Role
We are seeking an experienced Cost Controller to undertake responsibility for the cost control function across allocated projects, work packages and Work Package Orders (WPOs), ensuring effective financial management, accurate reporting and forecasting.
The role will support the Commercial Manager in protecting the commercial interests of the business, monitoring financial performance, identifying cost risks and opportunities, and ensuring projects are delivered within approved budgets.
The postholder will support projects across nuclear engineering, nuclear new build and Small Modular Reactor (SMR) programmes.
Role Accountabilities
Cost Management and Control
Establish and maintain effective cost control processes across allocated projects and WPOs.
Develop, maintain and monitor project budgets, cost plans and financial baselines.
Monitor actual costs, commitments and forecasts against approved budgets.
Identify, investigate and report cost variances, trends and potential financial exposures.
Prepare cost forecasts, cash flow projections and Estimate at Completion (EAC) assessments.
Support the Commercial Manager in managing financial performance, cost efficiency and margin protection.
Provide early warning of potential cost overruns and recommend corrective actions.
Cost Reporting and Performance Management
Produce accurate and timely cost reports in accordance with contractual and internal requirements.
Monitor cost-related KPIs, productivity and financial performance across individual WPOs and the wider framework.
Provide clear financial analysis and commentary on budgets, expenditure, commitments and forecasts.
Identify adverse cost trends, financial risks and opportunities for improvement.
Prepare cost dashboards and management reports to support decision-making. Programme and Framework Integration
Work closely with Planning Engineers to align cost forecasts with programme progress and delivery milestones.
Assess the financial impact of programme changes, delays and productivity performance.
Support cost control and reporting across multiple concurrent WPOs.
Maintain consistency in financial reporting and forecasting at work package and framework level.
Assist with expenditure profiling, resource planning and financial prioritisation. Risk and Change Management
Work with the Commercial Manager, Risk Manager and project teams to identify and monitor cost-related risks and opportunities.
Assess financial impacts of project risks and incorporate appropriate allowances into forecasts.
Support the financial assessment of changes, variations and compensation events.
Maintain change registers and ensure changes to scope, programme and resources are reflected in project forecasts.
Provide cost information for commercial submissions, quotations and change control processes.
Client and Internal Reporting
Prepare contractual cost reports and financial information for clients.
Produce periodic internal cost reports in accordance with business procedures.
Support the Commercial Manager with financial reviews, management reports and senior-level presentations.
Respond to cost-related queries and provide clear, data-driven financial information.
Support client reviews, internal assurance processes and external audits.
Systems, Compliance and Nuclear Requirements
Maintain and optimise the use of project cost management systems, financial databases and reporting tools.
Ensure cost data and supporting records are accurate, consistent, traceable and auditable.
Ensure cost control activities comply with contractual requirements, project scope, quality procedures and applicable nuclear industry standards.
Maintain appropriate financial records to support assurance reviews and audits.
Work in accordance with relevant nuclear site rules, security requirements and project procedures.
Promote a strong culture of safety, quality, environmental responsibility and regulatory compliance.
Team and Stakeholder Coordination
Work collaboratively with Commercial, Engineering, Planning, Procurement and Site Delivery teams.
Liaise with Cost Engineers, Planning Engineers and Risk Managers to integrate cost, programme and risk information.
Provide cost-related guidance and support to project delivery personnel.
Act as a key point of contact for cost-related matters within allocated projects and work packages.
Maintain effective working relationships with clients, suppliers and project stakeholders.
Health, Safety, Quality and Environmental Responsibilities
Comply with all applicable HSQE policies, procedures and individual responsibilities.
Take personal responsibility for working safely and supporting a positive safety culture.
Ensure activities comply with relevant site rules, safety requirements and project procedures.
Report safety, environmental and quality concerns through the appropriate channels.
Required Knowledge, Experience and Skills
Experience in cost control, cost reporting, financial forecasting and project financial management.
Good understanding of contractual conditions, project scope and commercial arrangements.
Knowledge of project controls processes, budget management, cash flow forecasting and EAC assessments.
Understanding of project planning, scheduling and the relationship between programme and cost performance.
Experience using cost management systems, financial reporting tools, spreadsheets and relevant project controls software.
Knowledge of risk management, change control and the financial implications of project variations.
Experience within large-scale engineering, construction, infrastructure or capital project environments.
Understanding of the commercial, financial assurance, quality and regulatory requirements of the nuclear industry.
Strong analytical, numerical, organisational and problem-solving skills.
Excellent attention to detail and the ability to communicate complex financial information clearly.
Ability to manage competing priorities, meet deadlines and work effectively within multidisciplinary teams.
Experience in nuclear new build or Small Modular Reactor (SMR) programmes would be advantageous.
Get in touch now
If you're seeking a new opportunity and think you have the skills and experience, we are looking for, then apply now or contact Mark Wilkins.
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 Business
