Location: Hertfordshire
Salary: £60,000 per annum DOE
Working hours: 8am - 5pm, Monday - Friday
Benefits: 25 Days Holiday + BH, Company Pension, Private Healthcare, Company Sick Pay, Flex Benefits (EMCOR UK discount scheme)
About EMCOR UK:
At EMCOR UK, we revolutionise facilities management by combining our engineering heritage and innovation capability. We prioritise people in everything we do, collaborating closely with our customers to understand all their needs, from the big picture to day-to-day operations. Our purpose is to "create a better world at work". Using our unique insight platform, "One Data World," we harness data-driven intelligence to make informed decisions, adapting our services to meet our customers' evolving requirements. This allows us to cultivate an enhanced workplace experience for their teams whilst optimising efficiency, meticulously managing every asset, and minimising their impact on the planet. All supported by our commitment to safety, compliance, and assurance. Our partnering approach empowers our customers to shape a better future. Whether guiding their path to net zero or redeveloping their facilities for enhanced efficiency, we create better places for work whilst taking away the burden of facility operations, freeing up our customers to concentrate on their business.
Role overview:
Job Purpose:
Reporting to the CAPEX Commercial Manager, The Cost Manager will play a crucial role in managing costs within the CAPEX construction projects by working closely with the Commercial Manager, Project Managers, Sub-contractors, and Project Stakeholders.
This role focuses on the accurate management of payment applications, cost reporting, risk management, goods receipt processing and timely Subcontractor Payment Assessments and Client invoicing whilst utilising finance and contract software.
Assisting the Commercial Manager to produce Cost Reporting and Account Reconciliation
Will be empowered to hold independent Cost Review Meetings with Project Managers and Stakeholders
Subcontractor Account Management
- Liaise with the Project Manager to review subcontractor accounts, ensuring timely processing and accuracy.
- Review subcontractor payment applications for accuracy and compliance with contractual agreements.
- Ensure subcontractor invoices are accurately documented and processed for payment in line with the project's cash flow and budget.
- Front end - Assist/Review cost estimates, tendering, feasibility, bill of quants, cost plans
Payment Applications
- Prepare and submit payment applications to the Client, ensuring all supporting documents, invoices, and progress reports from subcontractors are accurate and up to date.
- Collate all relevant information from the subcontractors to facilitate the client's payment process.
- Ensure the appropriate use of the IFS software to process invoices after client certification and generate GRNs for all subcontractor payments in collaboration with on account finance team.
CEMAR Data Processing
- Monitor and record key data related to contract changes, variations, and project risks in CEMAR. - Reconcile CEMAR accounts with subcontractors' accounts to identify and assess any potential commercial implications regarding the client account.
Site Visits & Progress Reporting
- Collaborate with the project team to ensure that site works align with the agreed schedules and
budgets.
- Provide accurate site visit reports, documenting work progress to inform payment applications and cost reporting.
Meetings with Subcontractors
- Attend site meetings with subcontractors to discuss project progress, work performance, cost implications, and resolve any financial disputes.
- Coordinate with subcontractors to ensure accurate submission of payment applications, supporting documentation, and timely resolution of issues.
Cost Reporting
- Prepare detailed cost reports, providing insights into project performance, budget variances, and forecasting future expenditures.
- Ensure cost reports reflect the current financial status of the project, including commitments, liabilities, and actual costs incurred.
- Work with the project manager to maintain up-to-date financial tracking for all project costs.
Risk Reporting
- Liaise with the Project Managers to identify, assess, and report potential risks that may affect project costs, timelines, or contract performance.
- Collaborate with the project team to mitigate risks and adjust budgets or payment schedules as necessary.
- Ensure that all identified risks are documented and updated in risk management reports.
Back end - Final Account, both EMCOR final account and Client GSK final accounting whereby they negotiate and agree final account and post contract variance
Client Liaison Support
- Assist the Commercial Manager in acting as the primary point of contact for clients on financial matters, ensuring that all client payment applications are submitted accurately and punctually.
- Work alongside the Commercial Manager to resolve any queries or discrepancies related to payment applications, facilitating smooth certification processes and maintaining positive client relationships.
Qualifications and Experience
- MRICS Chartered Quantity Surveyor / Cost Manager
- Minimum 5 years' experience in Cost Management - Desirable in construction environment
- Degree or HNC level qualification or equivalent working experience
- Experience of working in a Consultancy environment (ideally Pharma)
- Experience in delivering NEC4 Contracts
- Highly proficient IT skills with experience of Cost Reporting in a Construction Environment
- Excellent written/oral communication skills for reports and presentations.
- Experience of Programme and project level financial management
- Personable, pro-active, professional and able to demonstrate full commitment to exceptional customer care and service in all activities.
- Maintain effective relationship with client.