At a Glance
- Tasks: Manage costs and financial oversight for the Vanguard Offshore Wind Project.
- Company: Join a leading firm in renewable energy with a focus on innovation.
- Benefits: Competitive salary, flexible working arrangements, and opportunities for professional growth.
- Other info: Dynamic work environment with strong stakeholder collaboration.
- Why this job: Be part of a groundbreaking project that contributes to sustainable energy solutions.
- Qualifications: Experience in construction contracts and advanced Excel skills required.
The predicted salary is between 54000 - 66000 £ per year.
Reference: BH-127894
Cost Engineer
Duration: 15/7/2026 – 31/12/2027
Location: Onshore Office Based Role: London (Northcliffe Tudor Street) or Swindon (Trigonos) - 3 days each fortnight minimum
Type: Outside IR35
Vanguard Offshore Wind Project
This client is seeking an experienced Cost Engineer to support the Vanguard 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.
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As a leading employer in the HVDC sector, we offer our Lead Control & Protection System Application Engineers a dynamic work environment that fosters innovation and technical excellence. Our commitment to employee growth is reflected in our comprehensive training programmes and opportunities for career advancement, all while working on cutting-edge projects that shape the future of energy transmission. Located in a vibrant area, our company promotes a collaborative culture where teamwork and creativity thrive, ensuring that every team member feels valued and empowered to make a meaningful impact.
