At a Glance
- Tasks: Support cost control and financial governance for exciting offshore wind projects.
- Company: Join RWE Renewables, a leader in sustainable energy solutions.
- Benefits: Enjoy competitive salary, professional development, and a dynamic work environment.
- Why this job: Make a real impact in the fast-growing renewable energy sector.
- Qualifications: Ideal for early-career candidates with finance or project management exposure.
- Other info: Be part of a passionate team driving technological improvements for a clean energy future.
The predicted salary is between 30000 - 42000 ยฃ per year.
This is an exciting opportunity to join the Controlling team supporting the companyโs global offshore wind development business, operating at the heart of one of the fastest-growing sectors in the energy market. The role will support robust cost control, financial governance, and informed decision-making across large, complex infrastructure projects, offering a valuable platform for professional development.
Candidates with early-career experience or exposure to commercial management, financial controlling, or project controls will be well suited to this role.
About the role- 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).
- 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 value diversity and therefore welcome all applications - regardless of gender, disability, nationality, ethnic and social origin, religion/belief, age, sexual orientation, and identity. We also support inclusion matters.
Cost Controller in Swindon employer: RWE
Contact Detail:
RWE Recruiting Team
StudySmarter Expert Advice ๐คซ
We think this is how you could land Cost Controller in Swindon
โจTip 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 put in a good word for you.
โจTip Number 2
Prepare for interviews by researching the company and understanding their projects. Be ready to discuss how your skills in cost control and financial governance can contribute to their offshore wind initiatives.
โจTip Number 3
Practice your pitch! Be clear about your experience in financial controlling and project management. Show them how you can help keep costs in check and support their ambitious projects.
โจTip Number 4
Donโt forget to apply through our website! Itโs the best way to ensure your application gets noticed. Plus, we love seeing candidates who are proactive and engaged with our mission.
We think you need these skills to ace Cost Controller in Swindon
Some tips for your application ๐ซก
Tailor Your CV: Make sure your CV is tailored to the Cost Controller role. Highlight relevant experience in financial controlling, cost forecasting, and any project management exposure you have. We want to see how your skills align with what weโre looking for!
Craft a Compelling Cover Letter: Your cover letter is your chance to shine! Use it to explain why youโre passionate about the offshore wind sector and how your background makes you a great fit for our team. Keep it concise but impactful โ we love a good story!
Showcase Your Skills: Donโt forget to highlight your advanced Excel skills and any experience with SAP or similar systems. If youโve worked on complex infrastructure projects before, let us know! Weโre keen to see how you can contribute to our financial governance.
Apply Through Our Website: We encourage you to apply directly through our website for a smoother application process. Itโs quick and easy, and youโll be one step closer to joining our exciting team at RWE Renewables!
How to prepare for a job interview at RWE
โจKnow Your Numbers
As a Cost Controller, you'll need to be comfortable with financial data. Brush up on your cost forecasting and management skills. Be ready to discuss how you've handled budgets and forecasts in the past, and prepare examples of how youโve managed financial risks or cost escalations.
โจUnderstand the Project Lifecycle
Familiarise yourself with the stages of project development, especially in offshore wind projects. Be prepared to talk about how you can support cost control throughout the project lifecycle, from initial investment decisions to handover. This shows you understand the bigger picture and can contribute effectively.
โจCommunicate Clearly
Youโll be working with multidisciplinary teams, so practice explaining complex financial concepts in simple terms. Think of examples where youโve successfully communicated financial information to non-financial stakeholders. This will demonstrate your ability to bridge the gap between finance and project delivery.
โจShow Your Initiative
The role requires someone who is committed to process enhancements. Prepare to discuss any improvements you've implemented in previous roles. Highlight your problem-solving skills and how youโve introduced new tools or approaches to enhance efficiency. This will show that you're proactive and ready to make a positive impact.