O&M Cost Controller

TERNA ENERGY, a member of the MASDAR Group, is seeking:

The Jobholder is responsible for managing, monitoring, and controlling O&M operating expenditures across the renewable energy asset portfolio, ensuring cost efficiency, budget accuracy, and effective financial performance monitoring.

The role oversees and supports OPEX budgeting and forecasting, monitors actual costs against approved budgets, identifies cost deviations, analyzes variation drivers, proposes optimization opportunities, and supports management decision-making through regular financial and operational reporting.

The role also coordinates with internal O&M functions, Finance and Accounting, and external service providers to ensure accurate cost allocation, reliable reporting, and effective expenditure control. In addition, the Jobholder supports the development and implementation of OPEX management processes, tools, and reporting standards across the portfolio.

• →OPEX Budgeting & Forecasting: Coordinate annual OPEX budgeting and periodic forecasting, ensuring accurate cost assumptions across the asset portfolio.
• →Cost Monitoring & Control: Monitor actual OPEX against budgets and forecasts, investigate variances, and propose corrective actions.
• →Financial & Performance Reporting: Analyze OPEX performance, prepare regular management reports and provide clear insights into cost trends and variances. Collaborate with the O&M Business Intelligence Analyst to develop automated BI dashboards and contribute to monthly O&M Performance presentations.
• →Cost Analysis & Optimization: Analyze operating costs, identify cost drivers and savings opportunities, and propose initiatives to improve OPEX efficiency without compromising asset performance.
• →OPEX Planning & Asset Valuation Support: Develop asset-level OPEX assumptions and forecasts to support business planning, investment decisions, and M&A activities.
• →Procurement Coordination & Cost Control: Review and validate purchase orders, invoices, and the cost allocations, ensuring alignment with approved budgets and contractual terms. Coordinate with the O&M Contracts Manager and Buyers to monitor contractual commitments, service costs, purchase orders, and expenditure forecasts.
• →OPEX Cost Structure & Master Data Management: Maintain and update OPEX cost structures, including WBS elements and cost allocation frameworks, ensuring alignment with budgeting, forecasting and reporting requirements.
• →OPEX Systems & Work Order Cost Integration: Collaborate with the Maintenance Systems & Processes Specialist to integrate OPEX structures with SAP maintenance processes and ensure accurate cost allocation and tracking against maintenance Work Orders.
• →Systems & Process Improvement: Support the improvement of OPEX management tools, reporting processes, and systems, including SAP and Power BI.

• Bachelor's degree in Engineering, Business Administration, or a related discipline.
• At least 3 years of relevant experience in OPEX management, budgeting, forecasting, cost monitoring and analysis, or asset management, preferably in the renewable energy sector.
• Strong understanding of cost allocation structures, WBS elements, purchase orders, invoices, and procurement processes.
• Ability to coordinate effectively with cross-functional teams, including O&M, Finance, Accounting, Procurement.
• Strong analytical and numerical skills, with attention to detail.
• Excellent communication and presentation skills.
• Experience with SAP, preferably in maintenance and cost controlling modules.
• Proficiency in Microsoft Excel; experience with Power BI and automated reporting tools is an advantage.
• Professional proficiency in written and spoken English.