Cost Engineer

Job Description

SP Energy Networks (SPEN) will be delivering £5.4b of investment in the GB electricity grid over the next 5 years. As part of this, SPT Strategic Projects will be delivering a £3b portfolio of new overhead lines and new and upgraded substations, including design, engineering, construction and electrical works.

At SP Energy Networks, we know people are central to building a better future, quicker and we are seeking new talent to join our team.

What you’ll be doing

The Cost Engineer is a key role in SPT Strategic Projects focussing on the cost management and control of a subset of projects across the portfolio, working as part of a multi-disciplinary PMO team. The role reports to the Strategic Portfolio Cost Management Lead.

• Budget management and allocations
• Performs the month-end cost reporting process, including variance analysis and performance reviews.
• Collates Value of Work Done data from various sources for the appropriate work area or project.
• Analysis of cost performance to allow accurate forecasting.
• Maintain the cost management tool and assure data inputs and outputs
• Monitors overall cost performance including contractors reporting, ensuring adherence to budgets and agreed-upon cost KPIs.
• Ensures alignment between schedule and cost baselines, collaborating with Planning & Scheduling and Risk teams data.

What You’ll Bring

• Proven experience in cost management within NEC3/NEC4 ECC frameworks, ideally on large-scale EPC projects.
• Strong understanding of cost management methodologies; RICS certification or familiarity is desirable.
• Ability to develop and manage cost structures for complex, multi-million-pound projects.
• Excellent communication skills, with confidence engaging stakeholders and cross-functional teams.
• Strong analytical and presentation skills, with the ability to interpret and report on cost data, trends, and KPIs.
• Proficient in industry-standard systems including S/4 HANA, SAP, Power BI, CEMAR, and Microsoft Office.
• Sound knowledge of scope change management and its impact on cost performance.
• Experience integrating Earned Value Management (EVM) metrics into reporting processes.
• Familiarity with NEC3/NEC4 contract options, particularly Options C and E.
• Effective problem-solving skills, with the ability to manage conflicting priorities under pressure.
• Understanding of cash flow forecasting and Value of Work Done (VoWD) processes, including accruals and financial planning.

Minimum Requirements

• Proficiency in IT systems including MS Office, SAP, S/4 HANA, and Power BI, with the ability to produce and analyse detailed cost reports.
• Demonstrated expertise in cost control, including budgeting, forecasting, and variance analysis.
• Strong interpersonal and communication skills, with the ability to work collaboratively across teams.
• Degree qualified in a relevant discipline (e.g. Engineering, Finance, Project Management) or equivalent experience.
• Self-motivated and capable of working independently and within a team in high-pressure environments.

What’s in it for you

As well as a competitive salary which is reviewed annually, you can also enjoy a number of other benefits. With our pension scheme, we’ll double match your contribution up to a company contribution of 10%.

At ScottishPower, we believe it’s the little things we do in life that make a big difference. From helping you look after your family’s wellbeing, save for your future and take personal steps for climate action – our benefits are designed to help you do just that - so that you have everything you need to take care of your world – today and tomorrow. That’s why our benefits include:

• 36 days annual leave
• Holiday purchase – perfect your work/life balance with extra annual leave
• Share Incentive Plan and Sharesave Scheme
• Payroll giving and charity matched funding
• Technology Vouchers – save more and spread the cost of your technology purposes
• Count us in – pledge to reduce carbon emissions and help fight climate change
• Electric Vehicle Schemes – to help you transition to green/clean driving
• Cycle to Work scheme and public transport season ticket loans
• Options to purchase dental insurance, private medical insurance, health cash plan and annual health assessments
• Life Assurance (4x salary)
• Access to Savesmart financial wellbeing support
• Plus shopping, leisure, restaurant and gym discounts, and unique employee deals on travel insurance and more

Why SP Energy Networks

SP Energy Networks is part of the Iberdrola Group, one of the world’s largest integrated utility companies and a world leader in wind energy. We keep electricity flowing to homes and businesses through Central and Southern Scotland, North Wales and in the North West of England. We operate over 4000km of cables and lines that make-up the transmission network – connecting infrastructure like wind farms into the electricity system. It’s a role that puts us right at the heart of Scotland’s ambition to be Net Zero by 2044. And we’re taking it very seriously. We’re investing >£5.5 billion into our transmission network, directly supporting the rapid growth needed in renewable energy. With diverse opportunities across our businesses and a commitment to invest in our own internal talent, ScottishPower can offer people real career opportunities that meet personal and professional goals, in a global organisation.

Inclusion, diversity, and a social purpose are at the heart of everything we do. Together with our values, they bring us together into a stronger, more sustainable business with direct links to the communities we serve. It takes all kinds of people to build a large-scale business like ours, so whatever your background, you’ll fit right in.

We are committed to providing reasonable support or adjustments in our recruiting processes for candidates with disabilities, long term conditions, mental health conditions, or who are neurodivergent or require pregnancy-related support. If you need support, please reach out to [email protected].

Mobility

Please note that any applicant who is not a citizen of the country of the vacancy will be subject to compliance with the applicable immigration requirements to legally work in that country. If/when required, the Company will support the employee with the necessary Immigration requirements.