Cost Estimating & Budgeting

• Prepare detailed cost estimates at all project phases: conceptual, feasibility, definitive (Class 1–5) for renewable energy projects including solar PV farms, wind farms, battery energy storage systems (BESS), and associated infrastructure.
• Develop and maintain the project Control Budget by breaking down the Project Sanction Budget across the Work Breakdown Structure (WBS) and Cost Breakdown Structure (CBS).
• Validate contractor and vendor cost proposals against benchmarks, historical data, and market rates for renewable energy equipment (modules, inverters, turbines, transformers, cables, civil works).
• Coordinate with engineering and procurement teams to incorporate scope definition into estimate basis and assumptions.
• Prepare Owner's Cost estimates to independently validate EPC contractor lump-sum and reimbursable proposals.

Cost Control & Monitoring

• Maintain project cost control systems: track commitments, expenditures, accruals, and forecasts against the control budget on a monthly basis.
• Monitor and report Cost Performance Index (CPI), Cost Variance (CV), Estimate at Completion (EAC), and Estimate to Complete (ETC) using Earned Value Management (EVM) methodology.
• Produce monthly Cost Reports and executive-level cost dashboards with clear variance analysis and explanations.
• Track and manage contingency drawdowns, management reserve, and undistributed budgets throughout the project lifecycle.
• Conduct cost trend analysis to identify emerging cost risks and opportunities at the earliest possible stage.

Forecasting & Cash Flow

• Develop and maintain monthly cost-to-complete (CTC) forecasts and project cash flow projections aligned with the master schedule.
• Prepare S-curve analyses for budget, committed cost, actual cost, and forecast for presentation to project and senior management.
• Coordinate with finance and treasury teams to align project cash flow requirements with corporate funding plans.
• Support lender and investor reporting requirements by providing accurate cost and draw-down forecasts.

Change Management & Claims

• Administer the project change management process: evaluate, price, and track all potential changes, variations, and contract amendments.
• Prepare Cost Impact Analyses for scope changes, design variations, and unforeseen conditions in coordination with project and engineering teams.
• Support commercial and contracts teams in the preparation, review, and negotiation of contractor claims and dispute resolution.
• Maintain the change order log and ensure all approved changes are reflected in updated control budgets and forecasts.

Procurement & Contract Cost Support

• Assist procurement teams with cost input during tendering: develop bid tabulations, evaluate contractor bids, and recommend awards based on cost analysis.
• Review and certify contractor progress payment applications, invoices, and milestone payment claims against physical progress and contractual entitlement.
• Monitor subcontractor and vendor cost performance; flag deviations from contracted rates and quantities.
• Maintain cost records for reimbursable contracts: verify timesheets, equipment utilisation records, and material costs.

Risk & Opportunity Management

• Identify, quantify, and report project cost risks and opportunities; maintain the cost risk register in alignment with the project risk manager.
• Conduct quantitative cost risk analysis (Monte Carlo simulation) to determine P50/P80 cost outturn projections.
• Develop and track cost mitigation actions to protect project budget and contingency.

Reporting & Stakeholder Communication

• Prepare and issue weekly cost reports, monthly cost control reports, and milestone cost summaries for internal and external stakeholders.
• Participate in project review meetings, cost review meetings, and management progress reviews, presenting cost performance clearly and concisely.
• Coordinate with the Lender's Engineer / Owner's Engineer / Independent Certifier for cost-related reporting and certification.
• Maintain cost control documentation, files, and audit trails in accordance with project and company procedures.

Educational Requirements

• Bachelor's degree in Quantity Surveying, Civil Engineering, Mechanical Engineering, Finance, or a related technical discipline. (Required)
• Master's degree in Project Management, Engineering Management, or Quantity Surveying. (Preferred)
• Professional certifications: MRICS (Chartered Quantity Surveyor), AACE CCP / CEP (Certified Cost Professional / Cost Estimating Professional), PMP, or equivalent. (Preferred)

Work Experience

• Minimum 5–7 years of cost engineering / cost control experience on large-scale capital projects.
• Minimum 3 years in the renewable energy sector (solar PV, wind, BESS, or hybrid projects )preferred.
• Demonstrated experience on EPC / EPCM projects with a total installed cost of AZN 30M+.
• Experience with multi-currency project cost management for international renewable energy projects is an advantage.
• Exposure to lender reporting, project finance structures, and financial close processes in the energy sector is desirable.

Technical Skills

• Advanced proficiency in Primavera P6 or MS Project for integration of cost and schedule (Earned Value).
• Advanced proficiency in MS Excel for cost modelling, variance analysis, and dashboard development.
• Proficiency in cost management software: Oracle Unifier, SAP, PRISM, Ecosys, or equivalent PMIS tools.
• Solid knowledge of Earned Value Management (EVM) principles and application on capital projects.
• Experience with quantitative cost risk analysis 
• Working knowledge of renewable energy project cost drivers: equipment supply, civil & structural, electrical infrastructure, grid connection, and O&M.
• Familiarity with FIDIC contract conditions, NEC contracts, and lump-sum / reimbursable contract structures.
• Proficiency in MS Office suite (PowerPoint, Word) and project reporting tools.

COMPETENCIES & BEHAVIOURAL ATTRIBUTES

Core Competency
Description
Analytical Thinking

• Ability to interpret complex cost data, identify trends, and derive actionable insights to support project decision-making.

Attention to Detail

• High level of accuracy in cost modelling, budget tracking, invoice verification, and financial reporting.

Communication

• Clear presentation of cost information and financial risk to technical and non-technical stakeholders at all levels.

Integrity

• Maintaining objectivity and transparency in cost reporting, forecasting, and claims assessment.

Problem Solving

• Proactive identification of cost deviations and development of corrective actions and mitigation strategies.

Collaboration

• Effective teamwork with engineering, procurement, construction, finance, and commercial teams.

Resilience

• Ability to work under pressure during peak project phases while maintaining quality of cost control outputs.

Adaptability

• Flexibility to respond to scope changes, market fluctuations, and evolving project requirements.

WORKING CONDITIONS

• Primarily office-based with periodic travel to renewable energy project construction sites.
• Exposure to outdoor construction environments during site visits; compliance with project HSE requirements is mandatory.
• May be required to work extended hours during budget submissions, financial close milestones, or audit periods.
• Availability for virtual col