Deputy Manager Cost Estimation

ReNew • Gurgaon • 4d ago

Working @ Renew
Working here means you’ll be part of something genuinely special . Funded by marquee investors and guided by a unique set of values, ReNew is the leading renewable energy IPP in India in terms of total energy generation capacity. We take pride in providing opportunities to our employees to create, explore, express, take risks and grow. As a ReNewer, you’ll always be doing things that would be beneficial to millions.

About Company

ReNew is a leading decarbonisation solutions provider and the first Indian clean energy company to list on Nasdaq (Nasdaq: RNW). With ~28 GW of commissioned and pipeline utility-scale projects including manufacturing, we are a global company with strong Indian roots. Founded in 2011, ReNew is at the forefront of fighting climate change by offering decarbonisation solutions through utility-scale wind and solar offerings, green hydrogen, carbon markets, and energy storage. ReNew has been a pioneer in leveraging digital technologies to accelerate the transition to green energy and address the unique requirements of the B2B segment in India, where we are the market leader. Our mission is to play a pivotal role in meeting India’s growing energy needs in an efficient, sustainable, and socially responsible manner. ReNew is the world’s first clean energy company to be recognised as a Lighthouse by the World Economic Forum. In 2023, we were recognised among ‘Top 15 Climate Tech Companies to Watch’ by the MIT Technology Review. We are a recipient of the Sustainable Market Initiative’s Terra Carta Seal. The COP28 UAE Presidency presented ReNew the ‘Energy Transition Changemaker’ award for developing and deploying the country’s first round-the-clock power project. ReNew’s solar and wind energy projects currently contribute to 1.9% of India’s power capacity and are spread across 150+ sites and 18 Indian states. We have helped prevent 0.5% of India’s total carbon emissions and 1.1% of India’s total power sector emissions, in addition to generating around 130,000 jobs over the past decade. ReNew generated 22+ billion kWh of clean energy during FY25, enough to power over 6 million Indian households annually, and helped avoid 18.6+ million tonnes of carbon emissions.

Website

http://renew.com

Job Description

Designation : Deputy Manager

Location : Gurugram

Experience Required : 5-8 Years

Ecucation : Engineering. MBA will be added advantage

Job Purpose: To drive cost governance, budgeting, forecasting, and financial control across Wind EPC projects. The role will be responsible for developing project cost estimates, monitoring budget adherence, performing variance analysis, maintaining EAC (Estimate at Completion), and providing management insights to enable timely commercial decisions and improve project profitability. This role acts as the financial custodian of Wind EPC projects from project award through commissioning.

Key Responsibilities

Project Costing & Budgeting

• Prepare detailed project cost estimates and EPC cost models during project planning and award stages.

• Develop and maintain project budgets at WBS/activity level.

• Validate cost assumptions, resource norms, productivity factors, and benchmark costs.

• Support capex optimization and cost reduction initiatives across projects.

• Coordinate with SCM, Design, Execution, Land, and Finance teams for cost inputs and validation.

Cost Monitoring & Control

• Track actual project costs against approved budgets.

• Conduct monthly cost reviews and identify overruns, savings opportunities, and emerging risks.

• Monitor project-wise and category-wise cost trends including Civil, Electrical, EHV, 33 kV, Crane, Logistics, Land, and Site Administration.

• Assess commercial impact of schedule delays, scope changes, productivity losses, and commodity price movements.

• Ensure budget utilization remains within approved limits.

Forecasting & EAC Management

• Prepare monthly Estimate at Completion (EAC) and cash flow forecasts.

• Analyze variances between Budget, LE/EAC, and Actuals.

• Highlight risks and opportunities impacting final project costs.

• Maintain portfolio-level project cost dashboards and management reports.

• Drive forecast accuracy and predictability for project leadership.

Commercial Analytics & Governance

• Develop cost benchmarks and cost-per-MW analytics across projects.

• Track commodity price trends and evaluate business impact.

• Support management approvals, NFAs, and budget allocation processes.

• Evaluate change orders, variation claims, and scope deviation impacts.

• Establish governance mechanisms for budget control and commercial discipline.

MIS & Management Reporting

• Generate monthly cost control reports for EPC leadership.

• Prepare budget reviews, Board/ExCom inputs, and project performance dashboards.

• Provide actionable insights on project profitability and cost efficiency.

• Maintain project-level and portfolio-level financial KPIs.

Key KPIs

• Budget vs Actual variance (%)

• EAC forecast accuracy

• Cost overrun reduction

• Cost/MW improvement

• Timeliness of monthly reporting

• Identification and realization of cost optimization initiatives

• Accuracy of cash flow forecasts

• Project profitability improvement

Qualifications

• B.Tech / BE - Any

• MBA Finance / Operations or PGDM preferred

• Certification in Project Management, Cost Engineering, or Primavera will be an advantage

6-10 years of experience in EPC, infrastructure, renewable energy, power, oil & gas, or large

ReNew Values

PIONEER

Take bold calls and innovate; Deliver sustainable future value; Encourage creative and Inspirational ideas; Respond to change with agility.

RESPONSIBLE

Care for the planet; Deliver high-quality solutions to customers; Meet our commitments and uphold stakeholders' trust; Maintain the highest standards of ethics and integrity.

EXCELLENCE

Build and execute best in class & within time; Take charge and dive deep; Driven by results and impact; Experiment and embrace continuous improvement.

PARTNER

Collaborate across businesses, geographies and levels; Connected by trust and mutual respect; Engage as a well-networked community; Drive the clean energy transition together.

At ReNew, we believe that each individual is unique, and we respect and value these differences. We hire people from all regions, geographies, languages, backgrounds, cultures, gender and age groups fostering a truly inclusive environment at work. We are committed to accelerating progress, generating equitable outcomes, and ensuring our culture is supportive for everyone. We demonstrate equality and integrity in our growth as a responsible company for all.

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