Cost Engineer/Manager

Offshore Wind
United Kingdom
JOB ID: #4882
Cost Engineer/Manager
Location: London
The Cost Engineer/Manager will be responsible for the appropriate management and control of cost elements for an offshore windfarm project. The successful candidate will be working within an integrated project team established by the joint venture partners to develop and deliver the project. The role will be reporting to the PMO / Project Controls Manager
The Cost Engineer/Manager will be part of the PMO team. The focus of the role will be the appropriate management and control of cost elements such as budget / forecast, actual spend of the project and input to finance for cash call and financial model. The successful candidate will have experience of working in complex projects, alongside a knowledge of implementing and managing project management software.
Main Accountabilities
  • Establish and maintain detailed DEVEX and CAPEX budgets and in due course OPEX budgets in accordance with standard project control processes/ procedure requirements.
  • Prepare the monthly budget/cost updates and associated reporting of forecast/actuals to Project Management team (PMT).
  • Ensure cost changes (especially contingency spend) are actively approved, aligned, and implemented
  • Support of package managers and procurement officers with the structural and consistent build-up of the costs.
  • Provide input into the Financial Model.
  • Liaison with Commercial and Finance team to assist with internal reporting of accruals and agreeing cash calls, invoicing and claims.
  • Control and monitor project total expenditure to ensure that all project expenditures are captured and properly recorded.
  • Having/building in-depth knowledge and understanding of contract(s) of assigned packages to enable challenge of all project cost detail
  • Create and manage the cost gathering and substantiation to facilitate any assessments by third parties (e.g. OFTO transactions)
  • Challenge the team to achieve greater cost efficiency.
  • Supporting regular Quantitative Risk Analysis and associated contingency sizing.
  • Attending project meetings and discussions with the PMT and external parties
  • Undertake other ad-hoc duties as required.
The Requirements
  • Excellent demonstrable working experience in project cost control tools and methods.
  • Advanced Excel knowledge with knowledge of other cost controlling tools an advantage (e.g. ECOSYS, SAP).
  • Excellent attention to detail, organisation skills with the ability to manage own workload, meet timescales and understanding of complex tasks.
  • Strong communication skills, able to present analysis, KPIs and reporting to senior management.
  • Degree educated or above, in a relevant discipline, ideally supported by a post-graduate qualification in project management such as APM.
  • Knowledge of the offshore wind industry and previous offshore wind farm or comparable infrastructure experience.

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