Project Cost Control

Posted 5 Days Ago
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Methil, Fife, Scotland, GBR
In-Office
Mid level
Energy • Defense • Industrial • Manufacturing
The Role
Plan, monitor, analyse and report project costs using WBS and SAP. Maintain budgets, track actuals vs budget, produce forecasts, EAC and cashflow projections, prepare weekly/monthly reports, identify variances and recommend corrective actions, support EVM, and ensure accurate cost data and allocations in SAP or WBS tools.
Summary Generated by Built In
Company Description

Navantia UK is a new force in British industry, supporting the UK’s defence, security and energy transition ambitions. We’re doing this by creating state-of-the-art sovereign defence capabilities, investing in the UK to modernise industrial facilities, and bolstering the nation's energy security. Established in 2022, Navantia UK is a subsidiary of Navantia SA, a Spanish state-owned company with over 300 years of naval shipbuilding history. In January 2025, Navantia UK completed the acquisition of Harland & Wolff and its four historic facilities in Belfast, Appledore, Methil, and Arnish. By combining Harland & Wolff’s proud heritage and facilities with Navantia’s global expertise, Navantia UK is well-positioned to strengthen Britain’s defence, maritime and energy industrial capabilities, supporting jobs and economic growth across the UK.

Job Description

The Project Cost Controls professional is responsible for planning, monitoring, analysing, and reporting project costs to ensure projects are delivered within approved budgets. The role requires hands-on experience in Work Breakdown Structure (WBS) and/or SAP to manage cost tracking, forecasting, and financial reporting across the project lifecycle. 

  • Develop and maintain project budgets aligned with approved scope and WBS 
  • Establish cost control structures using WBS and cost codes 
  • Support project baseline creation and budget revisions 
  • Track actual costs against budget and forecast using SAP or WBS-based systems 
  • Identify cost variances, trends, and potential overruns 
  • Prepare cost forecasts, cash flow projections, and estimate-at-completion (EAC) 
  • Prepare weekly and monthly cost reports for project stakeholders 
  • Analyse cost performance and provide corrective action recommendations 
  • Support earned value management (EVM) where applicable 
  • Maintain accurate cost data within SAP (CO, PS, or related modules) or WtBS tools 
  • Ensure correct cost allocation, commitments, accruals, and change impact 

Qualifications

Education and Experience

  • Bachelor’s degree in engineering, Finance, Accounting, Quantity Surveying, or a related field

    Typically requires an undergraduate degree and broad experience or equivalent.

Knowledge, Skills and Abilities

  • Experience in Project Cost Controls or Project Controls 
  • Proven experience with WBS-based cost control and/or SAP (Project Systems / Controlling) 
  • Experience in budget tracking, forecasting, and cost variance analysis 

Strong knowledge of: 

  • Work Breakdown Structures (WBS) 
  • Cost codes and budget controls 
  • Forecasting and cash flow analysis 

Hands-on experience with: 

  • SAP and/or cost control systems 
  • MS Excel (advanced level); Power BI or similar tools are an advantage

Additional Information

    Why Join Us?

    • The chance to work on complex, cutting-edge naval projects
    • Competitive salary
    • Company pension
    • Learning & development opportunities to keep building your career.
    • A collaborative and supportive working environment.

    Equal Opportunity: We are dedicated to fostering an inclusive and diverse workplace. To ensure equal opportunities for all candidates, we commit to a fair and unbiased recruitment process at every stage. This includes ensuring hiring managers are aware of legislation, providing reasonable accommodations for candidates with disabilities, and actively seeking to eliminate any form of discrimination based on race, gender, age, religion, sexual orientation, or any other protected characteristic. Our goal is to create a recruitment environment where every candidate feels valued and has an equal chance to succeed.

    ***Please note as part of the onboarding process all candidates will need to complete BPSS security clearance***

    We are an Opening Doors employer, committed to equal opportunity and an inclusive workplace. Our approach, shaped by our values of service, trust, excellence, agility, dedication, and you, we focus on removing barriers and recognising potential. We are committed to fairness at every stage, including providing reasonable adjustments and actively working to eliminate discrimination.

    We believe talent is everywhere, and by widening access to opportunity and welcoming diverse experiences, we aim to create a workplace where every person feels valued and has an equal chance.

    If you experience difficulties or are unable to apply for a role on-line please contact us at [email protected] and one of the team will be in contact to help you.

    Skills Required

    • Bachelor's degree in Engineering, Finance, Accounting, Quantity Surveying, or related field
    • Experience in Project Cost Controls or Project Controls
    • Proven experience with WBS-based cost control and/or SAP (Project Systems / Controlling)
    • Experience in budget tracking, forecasting, cost variance analysis, and estimate-at-completion (EAC)
    • Advanced MS Excel skills
    • Hands-on experience with SAP (CO, PS) or other cost control systems
    • Experience with Power BI or similar reporting/visualisation tools
    • Familiarity with Earned Value Management (EVM) practices
    • Ability to obtain BPSS security clearance as part of onboarding
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    The Company
    1,006 Employees
    Year Founded: 2022

    What We Do

    Navantia UK is a maritime engineering and defence company that supports the UK's defence, security, and energy ambitions. As a subsidiary of the Spanish state-owned Navantia SA, it focuses on developing sovereign defence capabilities, modernising industrial facilities, and bolstering energy security. The company leverages global expertise in shipbuilding and ship repair, combining it with centuries of UK industrial heritage to strengthen Britain's maritime and industrial capabilities.

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