About The Role

Great Britain's electricity infrastructure is undergoing an ambitious, exciting and vital transformation. Together with industry, we are creating a cleaner, greener system, one that protects the planet and serves generations to come.

We are open to full time and part time applicants, as well as flexible working arrangements. 

Eastern Green Link 3 (EGL3) is a multi-billion pound project, which is being delivered via Joint Venture between National Grid and Scottish and Southern Electricity Network Transmission. This project is the development of one of the Eastern HVDC Subsea Links which will connect Scotland and England to support the transfer of renewable electricity to key UK centres of demand. 

The Project Funding Function has a significant role to play in supporting delivery of this project, including budget forecasting, allocations to funding streams and supporting regulatory submissions.  This role will be responsible for all Cost activities relating to the funding of the EGL3 project.  To successfully operate within a regulated business environment, this role is required to generate, update, clarify, identify, monitor, control and report on all Cost matters required to fund the Project – this includes areas such as Forecasting, Budgeting, Change Control, Cost Reporting and Accrual Generation. 

Working within the Project Team, as a Project Funding Cost Lead you will be expected to take a lead role in the coordination and fulfilment of all budgeting activities required as part of the EGL3 Project Assessment. There will also be a requirement to work closely with the project finance function to ensure accurate cost control flows into parent organisations.

About You

What we do isn’t just important – it’s essential. That’s why we look to recruit experts in their field. In this case, we’re looking for someone who has:

Experience as a Cost forecaster or controller managing projects or programmes.
Experience in developing budget forecasts and cost submission information for regulatory approval.
Demonstrate experience and competency with all aspects of Cost Control including Forecasting, Budgeting, Change Control, Cost Reporting and Accrual Generation.
Excellent stakeholder management and communication skills with an ability to liaise with all levels of the business.
Contribute to continuous improvement activities within the project - identifying and developing innovative methods for improving Cost Control processes and techniques.
Collaborative approach, able to develop strong working relationships with all areas of the Projects.

Don’t meet every single requirement? Studies have shown that women and people of colour are less likely to apply for jobs unless they meet every single qualification. At National Grid, we’re committed to building a diverse, inclusive and authentic workplace for everyone. So if you’re excited about this role but your experience or qualifications don’t match the job description exactly, we encourage you to apply anyway. You might just be the right person for our growing business in this role or another one.

What You'll Do

Driving engagement with the responsible budget holders to analyse, understand and advise on project scope, how their budget forecasts meet the scope and how this should be applied to the regulatory framework.
Own the presentation of costs within regulatory submissions including, but not limited to, the Project Assessment.
Maintain awareness of progress of budget forecast updates by proactively collecting, collating and generating necessary supporting material for regulatory submission. 
Provide analysis and reporting of budget forecast updates on monthly basis ensuring all costs are correctly allocated.
Ensure accurate forecasting is undertaken against remaining scope on a regular basis and informing all relevant stakeholders. 
Monitor cost performance and manage supporting information relating to contingency drawdown within funding streams.
Provide support to the EGL3 Project Funding Lead, Cost Manager & other colleagues as required. 

What You'll Get

A competitive salary up to £58,000 – dependent on capability.

As well as your base salary, you will receive a bonus based on personal and company performance and a competitive contributory pension scheme where we will double match your contribution to a maximum company contribution of 12%. You will also have access to a number of flexible benefits such as a share incentive plan, salary sacrifice car and technology schemes, support via employee assistance lines and matched charity giving to name a few.

About Us

National Grid Strategic Infrastructure has a key role to play in tackling climate change by accelerating our capacity to deliver clean electricity across the UK. We already operate the fastest decarbonising electricity grid in the world, with an ambition for zero carbon operation by 2025. And by 2035, we want to run 100% clean, green energy, all the time.

Here at National Grid, we connect homes and businesses to power, making sure supply and demand match each other. We make sure the lights are on in schools, operating theatres, and sporting arenas; we’re thousands of people working on behalf of millions of people. 
Our investment in Strategic Infrastructure via the Great Grid Upgrade will mean more home grown power, greater energy security and a cleaner future. 

Whatever your role, wherever you work with us, you’ll help us hit stretching targets and achieve our far-reaching goal: to secure, clean energy that supports our world far into the future. Here, you will be at the heart of energy.

More Information

This role closes on 10th June 2025 at 23:59, however we encourage candidates to submit their application as early as possible and not wait until the published closing date as this can vary.

We work towards the highest standards in everything we do, including how we support, value and develop our people. Our aim is to encourage and support employees to thrive and be the best they can be. We celebrate the difference people can bring into our organisation, and welcome and encourage applicants with diverse experiences and backgrounds, and offer flexible and tailored support, at home and in the office. 

We're committed to building a workforce that represents the communities we serve, and a working environment in which each individual feels valued, respected, fairly treated, and able to reach their full potential.

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