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For Companies At a Glance
- Tasks: Manage project costs, forecasts, and financial reporting while collaborating with diverse teams.
- Company: Join RWE Offshore Wind, a global leader in renewable energy shaping the future.
- Benefits: Competitive salary, inclusive culture, and opportunities for professional growth.
- Why this job: Make a real impact on sustainable energy projects while developing your financial skills.
- Qualifications: Early-career experience in finance or project controls is a plus; strong Excel skills required.
- Other info: Dynamic work environment with a commitment to diversity and inclusion.
The predicted salary is between 36000 - 60000 £ per year.
Responsibilities
- Cost Forecasting & Management: Support the preparation, administration, and regular update of project cost forecasts, including maintaining robust cash flow profiles from investment decision through to project completion and handover to operations. Record, monitor, and analyse the cost impact of scope changes and change requests, working closely with Project Management and Finance leadership to communicate financial implications. Support cost forecasting and cost control activities for assigned project packages, ensuring alignment with approved budgets, programme schedules, and risk assumptions. Assist in identifying, monitoring, and reporting financial risks, including cost escalation, contingency usage, and foreign exchange exposure.
- Financial Controlling & Reporting: Support monthly financial controlling cycles, including accrual preparation, resource and non-resource cost analysis, and variance analysis against budget and forecast. Support the preparation of monthly actuals reporting, including reconciliation between cash and accounting positions. Prepare accurate and timely financial information for internal management reporting, lenders, shareholders, and joint-venture partners as required. Support the consistent application of internal controls, including Delegation of Authority, shareholder agreements, local procedures, and compliance with investment governance and accounting requirements.
- Project Financing: Support project financing activities, including debt and equity utilisation processes, preparation of monthly drawdowns from lenders and shareholders, and monitoring of project bank account balances. Assist with the management, tracking, and maturity of foreign currency hedges to meet project cash requirements, including provision of inputs for hedge accounting. Ensure supplier and contractor invoices are processed in line with funding availability, financing agreements, and internal approval processes, liaising with Accounts Payable as required to resolve invoice queries.
- OFTO Transaction: Support the preparation of valuation inputs and supporting documentation for the regulated divestment of OFTO assets in line with the UK offshore transmission regime. Support engagement with the UK regulator Ofgem throughout the regulated cost assessment and financial audit process.
- Stakeholder Engagement & Contract Awareness: Act as a key interface between Project Finance, Commercial, and Project Delivery teams, supporting a solid culture of cost awareness and financial discipline. Develop effective working relationships with internal and external stakeholders, providing transparency on project financial performance, risks, and opportunities. Develop an understanding of key commercial contracts for assigned project packages, including financial milestones and evolving cost and risk positions. Support delivery teams with cost tracking, forecast updates, verification of contractor claims, and associated internal processes (e.g. purchase order management, invoice approvals and change management).
Qualifications:
- Candidates with early-career experience or exposure to commercial management, financial controlling, or project controls will be well suited to this role.
- Committed to process enhancements and willing to challenge established ways of working by introducing process improvements, tools, or new approaches to enhance efficiency and project support.
- Highly organised, with the ability to efficiently plan, prioritise, and manage workload while meeting deadlines in fast-paced project environments.
- Skilled communicator, comfortable working within multidisciplinary teams and able to explain financial information clearly to non-financial stakeholders.
- Able to thrive in a global, matrix organisation, demonstrating initiative, flexibility in addressing challenges, and sound professional judgment.
- Strong relationship-building and stakeholder management skills.
- Advanced Excel skills are essential.
- Fluency in English is essential.
Advantageous, but not essential:
- Additional European languages.
- Experience using SAP or similar ERP systems for project cost tracking and financial reporting.
- Experience with Power Query, Power BI, or similar data modelling and reporting tools.
- Experience in cost tracking, forecasting, and performance reporting within offshore wind or other complex, multi-disciplinary infrastructure projects.
- Knowledge of UK offshore transmission (OFTO).
- Familiarity with both project controls and corporate management accounting disciplines, along with a qualification in, or a clear aspiration to work towards, Quantity Surveying or a professional finance qualification e.g. CIMA.
We look forward to meeting you. We value diversity and therefore welcome all applications - regardless of gender, disability, nationality, ethnic and social origin, religion/belief, age, sexual orientation, and identity.
Cost Controller in Swindon employer: RWE AG
Contact Detail:
RWE AG Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Cost Controller in Swindon
✨Tip Number 1
Network like a pro! Reach out to people in the industry, attend events, and connect on LinkedIn. You never know who might have the inside scoop on job openings or can put in a good word for you.
✨Tip Number 2
Prepare for interviews by researching the company and its projects. Understand their financial strategies and be ready to discuss how your skills can help them manage costs effectively. Show them you’re not just another candidate!
✨Tip Number 3
Practice your communication skills! Being able to explain complex financial concepts in simple terms is key. Try role-playing with a friend or using online resources to boost your confidence.
✨Tip Number 4
Don’t forget to apply through our website! It’s the best way to ensure your application gets seen. Plus, we love seeing candidates who are proactive about their job search!
We think you need these skills to ace Cost Controller in Swindon
Some tips for your application 🫡
Tailor Your Application: Make sure to customise your CV and cover letter for the Cost Controller role. Highlight your relevant experience in cost forecasting, financial controlling, and project management to show us you’re the perfect fit!
Showcase Your Skills: Don’t forget to mention your advanced Excel skills and any experience with SAP or similar ERP systems. We love seeing candidates who can demonstrate their technical abilities and how they can contribute to our projects.
Be Clear and Concise: When writing your application, keep it straightforward and to the point. Use clear language to explain your past experiences and how they relate to the responsibilities outlined in the job description. We appreciate clarity!
Apply Through Our Website: We encourage you to submit your application directly through our website. It’s the best way for us to receive your details and ensures you’re considered for the role. Plus, it’s super easy!
How to prepare for a job interview at RWE AG
✨Know Your Numbers
As a Cost Controller, you'll need to be comfortable with financial data. Brush up on your cost forecasting techniques and be ready to discuss how you've managed budgets in the past. Prepare examples of how you've handled cost escalations or financial risks in previous roles.
✨Understand the Project Lifecycle
Familiarise yourself with the project lifecycle, especially in relation to offshore wind projects. Be prepared to explain how you would support cost control activities from investment decision through to project completion. This shows that you understand the bigger picture and can contribute effectively.
✨Communicate Clearly
You'll be working with multidisciplinary teams, so practice explaining complex financial information in simple terms. Think of examples where you've successfully communicated financial implications to non-financial stakeholders. This will demonstrate your ability to bridge the gap between finance and project delivery.
✨Show Your Organisational Skills
Being highly organised is key for this role. Prepare to discuss how you prioritise tasks and manage your workload in fast-paced environments. You might want to share specific tools or methods you use to stay on top of your responsibilities, especially when it comes to managing multiple project packages.
