Cost Controller

RWE Renewables UK Management Ltd.
To start as soon as possible, full time, permanent

Functional area: Finance / Controlling

This is an exciting opportunity to join the Controlling team supporting the company’s 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.

• 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
• 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
• 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
• 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

• 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…