Power Sector Cost Management Specialist

6 days ago


Abu Dhabi, Abu Dhabi, United Arab Emirates DIKTUCOM Full time

Job Description:

The successful candidate will be responsible for managing costs associated with energy generation assets, including power plants, solar farms, and wind farms. This involves tracking project expenses across multiple phases, monitoring costs, and ensuring that projects stay within budget.

Main Responsibilities:

  1. Assist in preparing cost estimates for power plant construction, maintenance, and operational projects.
  2. Track project expenses across multiple phases (design, construction, operation).
  3. Monitor costs associated with energy generation assets and track operational efficiency to ensure the project stays within budget.
  4. Help with procurement processes, including obtaining quotes and bids from suppliers for equipment and services.
  5. Assist in the evaluation and selection of vendors, ensuring that the power company gets value for money while maintaining quality and compliance with industry standards.
  6. Identify and assist in managing financial risks related to energy market fluctuations, changes in regulations, and operational inefficiencies.
  7. Collaborate with senior cost managers to help develop cost contingency plans for unexpected changes in fuel prices, regulatory changes, or project delays.
  8. Help prepare cost reports for senior management, regulatory bodies, or clients covering project status, financial performance, and budget adherence.

Requirements:

A Bachelor's degree in Finance, Economics, Engineering, Business, or a related field is mandatory. The ideal candidate has 5-15 years of experience in cost management with a proven track record in the power and utilities sector. Hands-on experience managing multiple cost optimization projects with demonstrated success in delivering results in complex operational environments is essential.



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