Cost Verification Analyst
We currently have an opportunity for a Cost Assurance/ Verification Analyst to join the Tideway project. The successful candidate will assist with the commercial, financial assurance and verification of the costs incurred by Tideway’s suppliers and contractors.
Reporting to the Commercial Manager the role will primarily focus on monitoring costs incurred by our Contractors and System Integrator, ensuring robust and transparent controls are in place also costs are assured on an ongoing basis.
The Cost Assurance/ Verification Analyst will engage with Tideway’s senior management team, the Project Manager, wider delivery teams also our Contractors and their subcontractors in order to ensure that any issues which may impact on assurance are addressed.
Responsibilities will include:
•Provide assistance and support to the Commercial Manager – Cost Verification and Assurance (CVA) in the performance and activities of Tideway’s CVA function
•Undertake diagnostic reviews of supplier and contractors cost control systems and tools and where necessary work with the Project Manager to address issues
•Support Tideway also the Project Manager in providing continuous assurance of suppliers costs supporting the correct assessment of contractors and suppliers Defined Cost.
•Develop robust and transparent processes and procedures (Cost Verification Handbook) which meet Tideway’s corporate objectives and ensure that governance and clear leadership is provided to the Delivery Teams with regards matters of Defined Cost verification.
•Support the ongoing management of the RACI matrix which includes the division of tasks between delivery commercial teams, central assurance team, project services and finance/internal audit.
•Support programme audits and reviews, providing support where required also any further investigation of cost discrepancies and errors.
•Maintain awareness of project policies, processes and standards to ensure compliance
The Candidate
The Ideal Candidate will have the following skills and experience
Experience:
Essential
•Experience of working with corporate risk and audit functions.
•Experience or general awareness of cost verification activities on major capital programmes.
•Experience of using web based Contract Management Systems.
•Experience of working in a commercial team in oversight and control of multiple high value contracts.
•Good working knowledge of project / programme document control and contract administration platforms.
•Experience of effective engagement and relationship building with stakeholders and suppliers at a senior level.
Desirable
•Experience of working in a commercial team within a major capital projects environment
•Awareness/experience of NEC3 contracts, in particular the verification of Application for Payment and validation of Defined Cost.
•Experience of working in the water industry, regulated utility or major public capital programme preferred.
Skills
• Ability to manage multiple internal and external stakeholders
• Business/commercial acumen.
• Strong verbal and written communication skills.
• Good working knowledge of Microsoft Office Suite including excel
• Good organisation skills with the ability to manage multiple projects
What we offer in return
•30 days leave
•Private Medical Insurance
•Company Bonus Scheme
•Matched Contribution Pension Scheme
•Cycle to Work Scheme
•Flexible Working
Diversity helps to make London a great place to live and work, and we aspire to this diversity being reflected in our workforce. We know that diverse teams contribute new and different ways of thinking and working and raise overall performance. We also know that people are at their most productive when they feel included and valued. That’s why diversity and inclusivity are key to our business strategy.
We are one of The Times Top 50 Employers for Women, a Stonewall Diversity Champion, a proud signature of the ‘Ban the Box’ campaign, and Disability Confident Committed Employer.
We pride ourselves on providing employment for disabled employees, providing support and adjustments during the recruitment process, and wherever needed in the working environment. We offer a guaranteed interview scheme for suitably qualified disabled applicants.
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