Portfolio Engineer

We’re looking for a passionate Portfolio Engineer to join our Commercial and Portfolio team! You will work within a multi-disciplined team to outperform against National Grid’s regulatory commitments on network reliability outcomes and incentives. You will support the end-to-end management of a given asset-specific portfolio by ensuring that investments within the portfolio are managed to cost and programme, driving the timely development of projects through the pre-construction phases, including sanction, tendering/procurement process, contract award, handover to delivery, site installation, commissioning, and close-out. Additionally, they will provide a key commercial interface point for Asset Management teams regarding the asset-specific portfolio.

This role is Peripatetic, and we encourage a hybrid working approach, although we’re happy to discuss any additional flexibility in working patterns or requirements that you feel could help to make this job work for you!

What You'll Do

• Support the investment process for asset portfolio.
• Lead tracking and reporting on investment and asset portfolio cost, programme and other KPIs performance in line with regulatory requirements and outperformance targets.
• Unit cost management for asset portfolio including maintaining a live narrative on cost performance for portfolio of investments.
• Support the completion of Regulatory Reporting Packs (RRPs) and the eventual close-out of RIIO-T2 for their specific asset investment portfolio.
• Facilitate the financial closure of projects, including the capitalisation of capital expenditures (CAPEX).
• Provide a key commercial and investment process interface for Asset Management teams on their specific portfolio.
• Ensure that all required governance documentation across all project phases is completed to the highest possible standard and in a timely manner.
• Ensure that core data for their portfolio of investments is maintained to the highest levels of quality and accuracy.
• Deliver training, coaching and support to other engineers in the team.
• Ensure that investment governance is maintained throughout all phases and lead on any required sanction, re-sanction or closure for their portfolio.
• Act as a central liaison point for interaction with Contract & Commercial teams and Delivery Performance teams for their specific asset portfolio(s).
• Lead on change control and management for asset portfolio ensuring regulatory justifications for changes are completed and approved where required.
• Provide accurate and timely financial forecasts for portfolio of investments during the QRF process.

What You'll Have

• Degree or equivalent in engineering discipline, or relevant experience
• Proficient knowledge in Contract Management and demonstrated Commercial acumen.
• Proficient understanding of management of contingency across all project / investment phases.
• Proficient understanding of National Grid’s financial forecasting and control processes.
• Proficient understanding and demonstrable working knowledge of key business processes and governance.
• Knowledge of the Electricity Transmission System and the transmission assets.
• Understanding of RIIO mechanisms and the way that National Grid delivers revenue under the regulatory framework.
• Knowledge of the application of CDM, Safety and Environmental Regulations.
• Proficient project management skills including management of time, cost, safety and risk.
• A stakeholder-centric approach to delivering a high-quality output
• Proficient understanding and demonstrable working knowledge of business processes and governance.
• Demonstrable experience of stakeholder management
• Advanced business writing and communication skills

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 are 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 Get

Up to £62,000 dependent on experience.

Plus:

• Annual Bonus (based on personal and company performance) and annual salary review.
• Competitive contributory pension scheme (we double-match your contribution to a max company contribution of 12%
• 26 days holiday (plus the opportunity to buy more each year)
• Life Insurance at 10 x your basic salary.
• Financial support to help cover the cost of professional membership subscriptions, course fees, books, exam fees and time off for study leave – relevant to your role.
• Family care benefits including a back-up care service for when your usual care arrangements fall through (six paid days each year as standard with the option to purchase further days).
• Access to apps which support health, fitness and wellbeing.
• Career development, ongoing training and support, career progression and plenty of opportunity to progress!

Further Information

The closing date for this vacancy is Midnight 28 August 25, with interviews due to take place w/c 1st September 25 onwards. We encourage candidates to submit their applications as early as possible and not to wait until the published closing date. National Grid’s recruitment periods can and may vary. We reserve the right to remove this advert or close it to further applications at any point during the recruitment process.

About us

Every day we deliver safe and secure energy to homes, communities, and businesses. We are there when people need us the most. We connect people to the energy they need for the lives they live. The pace of change in society and our industry is accelerating and our expertise and track record puts us in an unparalleled position to shape the sustainable future of our industry. To be successful we must anticipate the needs of our customers, reducing the cost of energy delivery today and pioneering the flexible energy systems of tomorrow. This requires us to deliver on our promises and always look for new opportunities to grow, both ourselves and our business

At National Grid, 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. Our goal is to drive, develop and operate our business in a way that results in a more inclusive culture. All employment is decided on the basis of qualifications, the innovation from diverse teams & perspectives and business need. We are committed to building a workforce so we can represent the communities we serve and have a working environment in which each individual feels valued, respected, fairly treated, and able to reach their full potential.

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