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- Tasks: Manage costs and financial oversight for an exciting offshore wind project.
- Company: Join a leading firm in the renewable energy sector with a focus on innovation.
- Benefits: Competitive salary, dynamic work environment, and opportunities for professional growth.
- Why this job: Be part of a groundbreaking project that contributes to sustainable energy solutions.
- Qualifications: Experience in construction contracts and advanced Excel skills are essential.
- Other info: Collaborate with diverse teams in a fast-paced, international setting.
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 in Swindon employer: EarthStream Global
Contact Detail:
EarthStream Global Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Cost Engineer in Swindon
✨Tip Number 1
Network like a pro! Reach out to your connections in the industry, attend relevant events, and engage with professionals on platforms like LinkedIn. We all know that sometimes it’s not just what you know, but who you know that can help you land that Cost Engineer role.
✨Tip Number 2
Prepare for interviews by researching the company and understanding their projects, especially in the renewables sector. We recommend practising common interview questions related to cost control and financial monitoring so you can showcase your expertise confidently.
✨Tip Number 3
Showcase your skills! Create a portfolio or a presentation that highlights your experience with cost forecasting and financial compliance. We want to see how you’ve tackled challenges in previous roles, so don’t hold back on sharing your successes.
✨Tip Number 4
Apply through our website! It’s the best way to ensure your application gets noticed. We’re always on the lookout for talented individuals like you, so make sure to submit your application and let us know why you’d be a great fit for the Cost Engineer position.
We think you need these skills to ace Cost Engineer in Swindon
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 and financial monitoring, as well as any relevant projects you've worked on in the renewables sector. We want to see how your skills match 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 industry and how your background makes you a perfect fit for our team. Keep it concise but engaging – we love a good story!
Show Off Your Excel Skills: Since advanced proficiency in Excel is essential for this role, make sure to mention any specific projects or tasks where you've used Excel to manage costs or forecasts. We want to know how you can bring those skills to our team!
Apply Through Our Website: We encourage you to apply through our website for the best chance of getting noticed. It’s super easy, and you'll be able to upload your tailored CV and cover letter directly. Let’s get your application in!
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.
✨Master Excel and ERP Systems
Since advanced proficiency in Excel is essential for this role, make sure you're comfortable with functions, pivot tables, and data analysis. If you have experience with SAP or similar ERP systems, prepare to discuss how you've used these tools to enhance financial oversight and reporting in previous projects.
✨Communicate Clearly
Strong communication skills are crucial for collaborating with stakeholders. Practice articulating complex financial information in a clear and concise manner. Think about how you can present your findings on financial risks and project performance to ensure everyone is on the same page.
✨Show Your Stakeholder Savvy
This role requires building strong relationships with various internal stakeholders. Be prepared to share examples of how you've successfully navigated stakeholder dynamics in past projects. Highlight your ability to provide transparent visibility of financial status and analytical insights to both project management and line management.
