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Cost Engineer

Company: EDP Renewables
Location: Somerville
Posted on: January 15, 2021

Job Description:

Ocean Winds (OW) is the result of a joint venture announced in 2019 by EDP Renewables (EDPR) and ENGIE. Both companies share the vision in which renewables, particularly offshore wind, play a key role in the global energy transition. That is why they created a 50-50 joint venture for offshore wind. This ambitious joint venture comes in the wake of EDPR---s and ENGIE---s successful five-year cooperation as consortium partners. This starting position, and, together with both parent companies--- successful internationalization experience, allows us to be more flexible, more adaptive and more respectful towards the cultures we chose to work in. As an employee of Ocean Winds North America (OW North America), this role will be serve on the staff of the joint venture team named Mayflower Wind Energy LLC (Mayflower) in which EDPR Offshore NA LLC (EDPR)/OW-NA and Shell New Energies LLC (Shell) hold a 50/50 partnership. Mayflower is the lease holder of BOEM OCS-0521 off the coast of Massachusetts, an area of 128k acres capable to deliver around 1.6GW. This position will be among senior members of the project team accountable to develop the project to reach final investment decision and take the project through construction and operation.GENERAL DESCRIPTIONEstablish Project Baseline and Cost Management Framework: Identify and record the documents defining the project baseline (scope, cost and schedule). Develop and implement project specific WBS (Work Breakdown Structure) and underlying CTR (Cost, Time, Resource) structure, populate with budget information and secure CTR owner sign-offs. Implement Mayflower Offshore Wind standard CBS (Cost Breakdown Structure) within Mayflower Offshore Wind and contractor processes. Establish consistent approach to treatment of multi-currency transactions. Develop Project Controls Plan aligned with Planning, Finance and Contracting & Procurement processes.Implement Cost Control Processes: Embed and maintain in Mayflower Offshore Wind and Contractor processes; Commitment capture, VOWD (Value of Work Done), Cost forecasting/phasing and Earned Value consistent with the company procedures. Establish Cost Report content and frequency; prepare and conduct budget holder reviews, and publish. Support Contracts and Procurement group by providing detailed cost and performance analysis.Establish and Maintain Change/Trend and Contingency Management: Embed the Change/Trend Management process, ensure all participants are aware of their responsibilities and the different classifications of a change/trend, and ensure that appropriate changes/trends are reflected in the regular cost forecast updates. Prepare forecasts and review with budget holders. Establish linkage between Change/Trend Management and Contingency Management, maintain the Contingency release process and ensure accurate current status is reflected in project report.Project Reporting: Develop, communicate and maintain the Project Calendar. Develop the Project Management report contents and formats consistent with company standards. In doing so consult with major project stakeholders to ensure all valid reporting requirements are met in an appropriate and efficient way. Contribute to and manage the compilation and approval/issue of project management and cost reports. Develop ad-hoc reports and presentations as required by the project appropriate for the intended audience. Implement process to capture critical project data for historical reportingMain accountabilities:Develop and implement the change management process for projects. Provide guidance on trend analysis and the assessment of change impacts on cost. Maintain trend and change management logs.Deliver consistent but appropriate cost management structures for an offshore wind project.Adhere to Mayflower Wind Offshore standard tools and processes, as appropriate for the project's development & execution phases.Provide cost engineering support in the development of cost breakdown structures (CBS) and their population from the estimate.Develop and document Cost Time and Resource (CTR) sheets for phased cost estimates in line with the Company guidance notes for agreement and sign-off by the CTR budget holders.Provide project guidance for creation of accurate monthly cost reports, identifying variances from the plan on commitment, value of work done, changes and currency fluctuations against approved Authorities For Expenditure (AFEs).Prepare reconciliations between earlier cost estimates and the current cost forecast.Participate in peer reviews and other assurance events.Maintain and promote realism in the cost forecasts in the face of commercial pressure and optimism from project teams.Maintain consistency in cost bases through rigorous adherence to the controls processes. Coordinate efforts with the legal and business teams regarding corporate and project requirements to ensure maximum value and appropriate risk management for EDPR NA and its shareholdersIdentify critical project risk issues and communicate those risks to the appropriate members of the legal team or your supervisor for resolution and managementEfficiently manage outside counsel with an eye toward minimizing expensesOther tasks and projects as assignedDirect Reports: 0 direct reports.Travel: Around to 0-10%-domestically by plane and by car and with short notice.Minimum qualifications:Engineering Degree and/or Certification as a Cost Engineer or equivalent experience.Minimum 8 years industry experience in cost engineering positionsExcellent analytical, oral and written communication skillsSupports Project Services and Finance teams in other areas when needed.Behavioral requirements:Ability to identify risks and propose alternative strategies in order to mitigate risksAbility to multi-task and oversee multiple projects simultaneouslyAbility to work successfully in a dynamic team environmentAbility and willingness to timely meet fluid and changing prioritiesAbility to be discreet and maintain confidentialityStrong interpersonal and teamwork skillsStrong written and verbal communication skillsStrong planning and organizational skillsStrong analytical, negotiation, and problem-solving abilityPhysical demands & working conditions: Sitting/Standing/Flexibility: Ability to stand and sit for 8 or more hours when in an office environmentSpeech/Reading: Ability to speak, read, and write English proficiently and deliver a variety of instructions furnished in written, verbal, diagram, or schedule formLifting: Ability to lift items weighing up to 10 poundsVision/Hearing: Ability to understand a variety of instructions furnished in written, verbal, diagram, or schedule formSafety: Ability to understand and communicate safety precautions when necessaryQualificationsEDUCATIONBachelors or better in Engineering or related fieldEXPERIENCE8 years: Minimum 8 years industry experience in cost engineering positionsJob SummaryRequisition Number: COSTE02185Job Category: Skilled ProfessionalSchedule: Full-Time

Keywords: EDP Renewables, Somerville , Cost Engineer, Other , Somerville, Massachusetts

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