At a Glance
- Tasks: Manage costs and financial oversight for an exciting offshore wind project.
- Company: Join a leading firm in the renewable energy sector.
- Benefits: Competitive salary, flexible working options, and opportunities for professional growth.
- Other info: Dynamic international team with a focus on innovation and collaboration.
- Why this job: Be part of a groundbreaking project that contributes to sustainable energy solutions.
- Qualifications: Experience in construction contracts and strong Excel skills required.
The predicted salary is between 36000 - 60000 £ per year.
This client has been awarded the Vanguard project under the Offshore Wind Action and is seeking an experienced Cost Engineer to support the project during the Construction Phase. The Cost Engineer will be responsible for comprehensive cost control, forecasting, and financial oversight to ensure accurate and transparent project performance management.
Key Responsibilities
- Cost Forecasting & Financial Monitoring
- Develop, maintain, and administer cost forecasts for the Offshore Wind Project from Investment Decision through to Final Completion.
- Maintain an accurate schedule of forecasted cash flows for the full project duration.
- Record, assess, and monitor the financial impact of change requests; communicate outcomes clearly to the Project Management Team.
- Cost Control & Expenditure Management
- Control and monitor total project expenditure.
- Verify and check invoices and claims submitted by suppliers, vendors, and subcontractors to ensure correct capture, alignment with contracts, and accurate cost recording.
- Identify, assess, and track financial risks and present findings to the Project Finance Director.
- Reporting & Financial Compliance
- Support monthly project reporting, including preparing financial information required for Project Finance obligations and shareholder updates.
- Monitor FX hedge positions and maintain all necessary inputs for hedge accounting processes.
- Support valuation activities for OFTO assets and provide input into the regulated divestment transaction process.
- Ensure adherence to internal financial controls, such as Delegation of Authority guidelines, project-specific shareholder agreement requirements, and local country compliance procedures.
- Stakeholder Collaboration
- Develop and maintain strong working relationships with internal stakeholders.
- Provide clear and transparent visibility of financial status, analytical insights, and issues to both project management and line management.
Key Qualifications & Experience
- Proven knowledge and understanding of construction contracts within the renewables sector or comparable large infrastructure projects (essential).
- Advanced proficiency in Excel (essential).
- Experience with SAP or similar ERP systems (advantageous).
- Fluency in English (essential); additional European languages are a plus.
- Quantity surveyor qualification or similar certification (advantageous).
- Strong communication and organizational skills.
- Ability to work effectively in a dynamic, international environment with an entrepreneurial mindset.
- Demonstrated ability to manage relationships with multiple stakeholders across a matrix organisation.
Cost Engineer employer: EarthStream Global
EarthStream Global is an exceptional employer, offering a dynamic work culture that prioritises innovation and collaboration in the renewable energy sector. As a Strategic Offshore Wind Campaign Lead, you will have access to competitive compensation and the chance to make a significant impact on large-scale offshore strategies, while also benefiting from professional growth opportunities in a rapidly evolving industry.
StudySmarter Expert Advice🤫
We think this is how you could land Cost Engineer
✨Tip Number 1
Network like a pro! Reach out to people in the industry, attend events, and connect with professionals on LinkedIn. You never know who might have the inside scoop on job openings or can refer you directly.
✨Tip Number 2
Prepare for interviews by researching the company and understanding their projects. Tailor your answers to show how your skills as a Cost Engineer align with their needs, especially in the renewables sector.
✨Tip Number 3
Practice makes perfect! Conduct mock interviews with friends or use online resources to refine your responses. Focus on articulating your experience with cost control and financial oversight clearly.
✨Tip Number 4
Don’t forget to apply through our website! It’s the best way to ensure your application gets noticed. Plus, we love seeing candidates who are proactive about their job search.
We think you need these skills to ace Cost Engineer
Some tips for your application 🫡
Tailor Your CV:Make sure your CV is tailored to the Cost Engineer role. Highlight your experience with cost forecasting, financial monitoring, and any relevant projects you've worked on in the renewables sector. We want to see how your skills align with what we're looking for!
Craft a Compelling Cover Letter:Your cover letter is your chance to shine! Use it to explain why you're passionate about the Offshore Wind Project and how your background makes you a perfect fit. Keep it concise but impactful – we love a good story!
Showcase Your Skills:Don’t forget to showcase your advanced Excel skills and any experience with SAP or similar ERP systems. If you have a quantity surveyor qualification, make sure to mention it! We’re keen on seeing how you can contribute to our team.
Apply Through Our Website:We encourage you to apply through our website for a smoother application process. It helps us keep everything organised and ensures your application gets the attention it deserves. We can't wait to hear from you!
How to prepare for a job interview at EarthStream Global
✨Know Your Numbers
As a Cost Engineer, you'll need to demonstrate your expertise in cost forecasting and financial monitoring. Brush up on key metrics related to project costs and be ready to discuss how you've successfully managed budgets in the past. Use specific examples to showcase your experience with cost control and expenditure management.
✨Familiarise Yourself with the Project
Research the Vanguard project and understand its significance within the Offshore Wind Action. Knowing the project's goals and challenges will help you align your answers with what the company is looking for. This shows that you're genuinely interested and have done your homework.
✨Excel Skills are Key
Since advanced proficiency in Excel is essential for this role, be prepared to discuss your experience with it. Consider bringing examples of complex spreadsheets or analyses you've created. If possible, practice some common Excel functions beforehand to demonstrate your skills confidently during the interview.
✨Build Rapport with Stakeholders
The role requires strong communication and relationship-building skills. Think about how you've collaborated with various stakeholders in previous roles. Be ready to share stories that highlight your ability to maintain transparency and provide analytical insights, as this will resonate well with the interviewers.
