Cost Manager

Role Overview

We are seeking an experienced Cost Manager to lead cost planning, budgeting, forecasting, and cost control activities across projects and business operations. The ideal candidate will have a strong background in project cost management, commercial controls, financial analysis, and stakeholder management, with proven experience in delivering projects within budget while maximizing value and minimizing risks.

Key Responsibilities

Cost Planning & Budget Management

Develop and manage project budgets, cost estimates, and financial forecasts.

Establish cost control procedures, standards, and reporting frameworks.

Monitor project expenditures and ensure alignment with approved budgets.

Conduct cost-benefit analyses and recommend cost optimization strategies.

Cost Control & Reporting

Track actual costs against budget and forecast variances.

Prepare periodic cost reports, dashboards, and performance metrics for senior management.

Analyze trends, risks, and opportunities impacting project costs.

Ensure timely identification and escalation of cost overruns and mitigation measures.

Contract & Commercial Management

Review contracts, change orders, claims, and commercial implications.

Evaluate contractor invoices, variations, and payment applications.

Support procurement and vendor negotiations from a cost management perspective.

Ensure compliance with contractual and financial obligations.

Forecasting & Risk Management

Lead monthly forecasting and cash flow projections.

Identify financial risks and develop mitigation plans.

Support project teams in scenario analysis and decision-making processes.

Maintain contingency planning and risk adjustment mechanisms.

Stakeholder Management

Partner with project managers, finance teams, procurement teams, and external stakeholders.

Present cost performance updates to leadership and clients.

Provide commercial guidance throughout project lifecycle phases.

Process Improvement

Drive continuous improvements in cost management methodologies and systems.

Implement best practices, automation tools, and reporting efficiencies.

Mentor and guide junior cost engineers/analysts.

Required Qualifications

Bachelor's degree in Engineering, Construction Management, Finance, Quantity Surveying, or a related field.

10–15 years of experience in Cost Management, Project Controls, Commercial Management, or related functions.

Strong experience in budgeting, forecasting, cost control, and financial reporting.

Proven experience managing large-scale projects and complex budgets.

Advanced proficiency in Excel, ERP systems, and project management tools.

Strong analytical, negotiation, and problem-solving skills.

Excellent communication and stakeholder management capabilities.

Our inspired people share our vision and mission. We provide a great place to work, where each person has the opportunity and voice to affect change.

We want our people to succeed both in work and life. To support this we promote a healthy, productive and flexible working environment that respects work-life balance.

Turner & Townsend is an equal opportunity employer. We celebrate diversity and are committed to creating an inclusive environment for all employees and actively encourage applications from all sectors of the community.

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