Cost Assurance Auditor

Balfour Beatty has an exciting opportunity for a Cost Assurance Auditor to join our growing team in London

As a Cost Assurance Auditor you will :

• Support in compiling the Audit Scope, arranging initial meetings with Subcontractors and Commercial team to approve scope and timetable of audit.
• Requesting information, based on the Audit Scope, including Purchase Orders, Invoices, proof of payments and any other additional information required from Subcontractors to facilitate the audits and ensure adherence to the contract. Follow-up as required with outstanding/delayed information.
• Analysing large volumes of data, verifying the costs in line with the schedule of cost components aligned to the NEC contract, highlighting any discrepancies or potential disallowed elements/values. Demonstrate a full understanding of the contract, including the schedule of cost components and able to understand and assess risks associated with it. Support the Cost Verification Manager to implement controls and validate these to assist in the cost assurance control environment.
• Conducting cost verification deep dives and internal audits across all work packages and providing recommendations to mitigate disallowed risks. Support the Cost Verification Manager in the issuing of findings and recommendations for improvements across all packages and follow up thereof.
• Visiting external Subcontractor offices to audit Staff and Labour, understanding what is included in the payroll reports and auditing against the Schedule of Cost Components. Sample testing on CVs, qualifications, rights to work and time-sheets.
• Reviewing the Company policies for Modern Slavery, Anti-Bribery and expenses to ensure that they are being adhered to.
• Provide necessary support to Commercial counterpart(s) working on individual work packages ensuring knowledge share and control of financial information in line with the contract.
• Produce comprehensive reports detailing all audit findings and recommendations including disallowed cost risk
• Be proactive in identifying weak audit areas and leading indicators of potential issues on the project.
• Support the Cost Verification Manager in the definition and implementation of a financial control environment, processes, tools and techniques to deliver effective and efficient cost assurance in accordance with the BBVS procedures to prevent disallowed cost and with Parents companies reporting policies.

• Requesting information, based on the Audit Scope, including Purchase Orders, Invoices, proof of payments and any other additional information required from Subcontractors to facilitate the audits and ensure adherence to the contract. Follow-up as required with outstanding/delayed information.
• Analysing large volumes of data, verifying the costs in line with the schedule of cost components aligned to the NEC contract, highlighting any discrepancies or potential disallowed elements/values. Demonstrate a full understanding of the contract, including the schedule of cost components and able to understand and assess risks associated with it. Support the Cost Verification Manager to implement controls and validate these to assist in the cost assurance control environment.
• Conducting cost verification deep dives and internal audits across all work packages and providing recommendations to mitigate disallowed risks. Support the Cost Verification Manager in the issuing of findings and recommendations for improvements across all packages and follow up thereof.
• Visiting external Subcontractor offices to audit Staff and Labour, understanding what is included in the payroll reports and auditing against the Schedule of Cost Components. Sample testing on CVs, qualifications, rights to work and time-sheets.
• Reviewing the Company policies for Modern Slavery, Anti-Bribery and expenses to ensure that they are being adhered to.
• Provide necessary support to Commercial counterpart(s) working on individual work packages ensuring knowledge share and control of financial information in line with the contract.
• Produce comprehensive reports detailing all audit findings and recommendations including disallowed cost risk
• Be proactive in identifying weak audit areas and leading indicators of potential issues on the project.
• Support the Cost Verification Manager in the definition and implementation of a financial control environment, processes, tools and techniques to deliver effective and efficient cost assurance in accordance with the BBVS procedures to prevent disallowed cost and with Parents companies reporting policies.

• Strong analytical skills, with demonstrated ability to create quality, well-organised financial analysis from multiple data sources. Attention to detail and accuracy required.
• Previous experience of conducting cost assurance audits, thorough knowledge of audit procedures, including planning.
• Strong communication, numerical and presentation skills including the ability to deliver reports orally and written in an objective and persuasive manner, demonstrating initiative and resilience when challenged.
• Proactive, problem-solving individual who takes full ownership and accountability of their work.
• Confidence to work closely with the Commercial team and building good working relationships with external Subcontractors.

Day in, day out, our teams deliver amazing projects in challenging conditions; developing, managing and maintaining the vital infrastructure and public spaces that modern economies, societies and communities rely on.

At Balfour Beatty we are committed to creating a diverse workforce and an inclusive culture where everyone can be themselves and reach their full potential, not only because this is the right thing to do, but because it makes us a better business.

To ensure we deliver on this commitment, we have a UK Diversity and Inclusion Action Plan which sets out the wide range of targeted, proactive, measurable steps we are taking to make this a reality. You can read our UK Diversity and Inclusion Action Plan in full at www.balfourbeatty.com/value_everyone

To help and support us with our desired commitment to create an inclusive culture we are members of WISE, enei, Business Disability Forum and Women into Construction. In 2020, we signed the Audeliss and Involve Open Letter to demonstrate our commitment to taking key long term and sustainable actions on Black Inclusion.

Balfour Beatty is also a Gold Award holder in the Ministry of Defence 'Employer Recognition Scheme' and actively encourage applications from Armed Forces personnel, veterans, and reservists.

As a Disability Confident Employer, we are committed to working with people who have disabilities and long-term health conditions to remove barriers for them in obtaining employment. We are also committed to offering applicants with a disability an interview if they meet the minimum requirements for the role.

Further information on Disability Confident can be found at: https://disabilityconfident.campaign.gov.uk/

For further information, and to apply, please visit our website via the “Apply” button below.