Cost / Estimating Lead

Location

Department

Status

Years of experience

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newcleo is a clean and safe nuclear technology company. Privately funded and headquartered in London, UK, newcleo was launched in 2021 to be a disruptor in the field of nuclear energy. Its mission is to generate safe, clean, economic and inexhaustible energy for the world, through a radically innovative combination of existing, accessible technologies.

newcleo is building the next generation system with the goals to:

  1. eliminate the need for geological repositories by using a fast neutron flux avoiding the production of long life radioactive elements;
  2. accelerate the development of new fuel cycles, including MOX (Mixed Pu-U Oxides) and eventually thorium, that provide clean, safe and inexhaustible energy from nuclei and the opportunity to burn the long-lived nuclear waste produced by the old generation of nuclear reactors;
  3. ultimately develop an Accelerator Driven System (ADS), based on the intrinsically safe coupling of a particle accelerator and a sub-critical reactor.

With visionary co-founders, newcleo brings together an international team of senior engineers with deep knowledge of nuclear energy and new recruits with a fresh mindset, working to develop designs based on innovative Lead-cooled Fast Reactors (LFRs). These LFRs will meet the commercial demand for small terrestrial waste-to-energy reactors.

In the UK, newcleo’s immediate focus is on delivering a prototype 30MWe LFR by 2030 followed by an initial battery of 4-6 x 200MWe reactors with deployment in the early 2030s. We are building our team to meet this challenging and exciting objective.

newcleo wants to be the first step toward the evolution of its industry to become fully respectful of people and the environment. To develop a new, sustainable, and completely safe way of generating nuclear energy that will lead humanity to zero emissions, and to the mitigation of global warming.

Reports to:

Project Controls Manager, UK Operations

Job Description

The role will lead project cost management and cost estimating activities across newcleo’s UK projects. The post holder will work initially to develop a robust development phase cost baseline for the 30MWe prototype reactor and subsequently manage value of work done/ forecast expenditure against the baseline and agreed budgets in collaboration with budget holders, the project leadership team and in close cooperation with group finance and group programme management teams. The post holder will also lead on producing detailed overnight capital cost estimates of increasing certainty, working with internal engineers and managers, the commercial team and external consultants as necessary.

Main Responsibilities

  • Lead project cost management for newcleo’s UK projects, including preparation of baseline cost plans for development phase and managing value of work done (VOWD) and forecast costs to complete in collaboration with commercial/ project management colleagues. 
  • Lead work to develop progressive maturity of overnight cost estimates for the 30MWe prototype and 200MWe modules taking into account estimating uncertainty, commercial and project risks and reasonable contingency allowances.
  • Produce project cost reports on a monthly basis to feed into project status reports and management reviews.
  • Effectively integrate with group finance team and group programme management office to ensure quality of information and data exchange, clarity of interfaces and continuous improvement of processes and systems.
  • Support the development of newcleo processes and procedures for project controls and reporting and work with group programme management office on the configuration and implementation of new systems.
  • Work collaboratively as part of a small agile project controls team to ensure proportionate but best practice project management and control of UK projects.

Desired Qualifications

  • Relevant experience working in large complex projects in a cost management/ estimating capacity, ideally with prior experience in the nuclear industry and/or of power construction projects.
  • Knowledge of treasury green book requirements for appraisal and evaluation and familiar with AACE general principles/ estimate classifications or similar.
  • Strong commercial awareness and broad project management/ controls capabilities.
  • Experience of working with ERP and PLM systems is a bonus. Experience of integrating cost and schedule is preferred.
  • Exceptional numeracy, adept at presenting complex data simply and expert in manipulating high quantities of data in MS Excel.
  • Creates credibility with internal stakeholders, able to build confidence and influence effectively.
  • Combination of academic qualificiation and appropriate professional experience; Evidence of continuous professional development and career progression. Professional affiliation preferable.

Apply now
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