Cost Engineer

Overview of Responsibilities

Who are we looking for?

We are looking for a Cost Engineer who will be passionate about the importance of good Cost Engineering practice and will have an excellent level of competence as a user of MS Excel. You will report to the RACE Head of Project Delivery and will work closely with other RACE Project Controls staff and with Project Managers on a variety of RACE projects to support the cost estimation process for new project proposals and for other projects already underway, across the RACE portfolio. The role will work under the supervision of the RACE Senior Cost Engineer.

As a Cost Engineer you will be positioned to have unparalleled visibility of the financial data for a number of projects and will be able to influence project management decisions in order to drive the desired financial outcome.  If you are business-minded and delivery-focused in the approach you take to work as well as being keen to be innovative in your advice to other project management and project controls personnel, then we would like to hear from you.

What will you be responsible for?

  • Providing a cost-focused project controls service to Project Managers, to produce budgets at the early stages of a project or programme, and produce monthly reports on earned value metrics.
  • Alerting Project Managers to financial trends and potential problems arising and to work with the Project Planner and Project Manager to remediate.
  • Providing subject matter expertise on cost management issues in a range of forums.
  • Ensuring the project budgets include:

               - Itemised labour resource estimates and itemised non-labour estimates.

               - An adequate risk provision.

               - An appropriate degree of management reserve.

  • Assisting the RACE Senior Cost Engineer with other general cost engineering duties as tasked.
  • Using earned value data from Primavera and Unit 4.
  • Calculating resource projections based on data from P6 (if required) and contributing to monthly programme dashboards.



£33,297 to £35,520 + excellent benefits including outstanding pension
RACE Programme Management
Type of Employment

Additional Information

What we offer

Our comprehensive benefits package includes a vibrant culture committed to being fully inclusive, an Employee Assistance Programme and trained Mental Health First Aiders, Flexible working options including family friendly policies, Emergency paid leave, Generous annual leave allowance (30.5 days) increased with length of service, wide range of career development opportunities, outstanding defined benefit pension scheme; Corporate bonus scheme and a Relocation allowance (if eligible).

We welcome applications from under-represented groups, particularly from individuals from black and other ethnic minority backgrounds, including nationality and citizenship, people with disabilities and women. The Executive team with support from our ‘Equality, Diversity and Inclusion’ (EDI) Partner and Inclusion Ambassadors, is actively promoting EDI and taking steps to increase the diversity of our people through reinforcing best practice in recruitment and selection, and revaluating approaches where it is clear we can remove barriers to success.

Please be advised that this vacancy is due to close on 23/07/2022 . We may close earlier than this date if large or sufficient numbers of applications are received.

Please note all employees working at the UK Atomic Energy Authority will be required to complete an online Disclosure Certificate application as part of their clearance – The Disclosure & Barring Service (DBS) checks will show the details of all current criminal convictions or will confirm that there are no such convictions.

Note for applicants who are applying for employment with UKAEA either from outside the United Kingdom or who have spent time outside the United Kingdom in the last five years. Please visit . If the country you are resident in or have resided in is not listed on this website or that the UK Government is not aware of how to obtain a criminal records check from that state then we are unable to process your application.

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What can I expect from the application process at UKAEA?

Once you have submitted a formal application via our website, all CVs will be reviewed shortly after the closing date of the advert.

  • Submit online application

  • Phone interview

  • Face-to-face or virtual interview

  • Other assessments

Company Description

By 2050, the planet could be using twice as much electricity compared to today. Are you interested in contributing to shape the future of the world’s energy? If so, read on.

Fusion, the process that powers the sun and stars, is one of the most promising options for generating the cleaner, carbon-free energy that our world badly needs. UKAEA are at the forefront of realising energy from fusion, working with industry and research partners to deliver the ground-breaking developments that will underpin tomorrow's fusion power stations with the aim of bringing fusion electricity to the grid.

As we work towards our mission and goals, UKAEA has devised values that capture the spirit of how we work. These values include being: Innovative, Committed, Trusted and Collaborative.

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