Cost Engineer
Job
Overview
United Kingdom, , Greater London
- Project Controls and Estimating
- Contract
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RWE 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.
- 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.
- 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.
- 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.
We are an equal opportunity employer. All qualified individuals will receive consideration for employment without regard to race; color; age; sex; sexual orientation; gender identity; religion; national origin; disability; veteran status; genetic information; or any other criteria protected by governing law.
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