Job Title: Project Accountant (Inch Cape)
Department: Finance
Location: Edinburgh
Reports to: Head of Finance
Manager (Project): Financial Controller
Employment Type: Permanent
Company Profile Red Rock Renewables is an investor, owner, operator and developer of renewable energy projects. Based in Edinburgh, Scotland, our growing team are passionate about generating clean energy and supporting the UK and Europe’s net zero ambitions.
Our current portfolio includes five part or fully owned wind farm projects, each at different lifecycle stages. Our operational wind farms – Afton (100% equity), Beatrice (25%) and Överturingen (50%) – have an installed capacity of 320 MW (RRPL proportion), while our development projects – Benbrack onshore wind farm in the South West of Scotland (100%) and Inch Cape offshore wind farm off the East Coast (50%) – will deliver an additional 570 MW.
We are committed to long term investment in the Scottish and UK market, onshore and offshore wind sectors in particular, and have strong growth ambitions to expand into the wider European market and other sustainable energy technologies. We are actively pursuing acquisition and development opportunities, including the offshore wind leasing rounds. Our Edinburgh headquarters puts us at the heart of the UK industry, while our team’s expertise and experience working on some of the world’s largest energy infrastructure projects allows us a unique opportunity to consider a variety of different opportunities and we welcome candidates to join us on this journey.
Red Rock Renewables was established in 2016 when SDIC Power, a global power generation company headquartered in Beijing, China acquired Repsol’s UK wind portfolio. For more information on Red Rock Renewables and what it’s like to work with us, visit
our website .
Job Purpose The Project Accountant will be part of the Red Rock Renewables Finance team, initially seconded to the Inch Cape Project to support the Project Company’s Finance & Accounting team with its responsibilities of providing timely and accurate financial information to its shareholders.
Job Description 1. Budget Monitoring & Reporting: • Lead the ongoing monitoring of the construction budget, ensuring alignment with project scope and timelines. • Prepare regular construction financial reports for management, lenders, and stakeholders, detailing project progress, financial performance, and budget status. • Responsible for commitment reporting, as well as PCG and LC monitoring. • Analyse and report on budget variances, identifying reasons for deviations and recommending corrective actions to meet financial targets. • Support the preparation of concise board packs, summarizing financial performance, key variances, highlighting trends, and potential risks to facilitate effective decision-making. • Collaborate with cost controllers, finance team, and project management team.
2. Forecasting: • Improve and maintain forecasting models to provide accurate financial projections, enabling effective resource allocation and decision-making. • Prepare necessary information and manage the funding mechanism for the project.
3. Understanding Cost Breakdown: • Develop and maintain Capex reporting & forecasting tool. • Coordinate with modelers to ensure accurate financial data and assumptions for the Capex model, ensuring its relevance and reliability in assessing project feasibility. • Collaborate with package managers to understand cost breakdowns, ensuring accurate cost allocation and tracking throughout the project lifecycle.
4. Working with wider Finance Team & senior lenders: • Collaborate with the cost controller to monitor project costs, compare actual expenses against budgets and forecasts, and ensure timely and accurate cost reporting. • Collaborate with modeler to ensure that actuals are correctly fed into the model and that remaining forecasted financial and accounting assumptions are still valid and accurate. • Assist senior lenders and technical advisors with their queries.
5. Team Development: • Contribute to the development of junior team members by guiding them in their day-to-day activities.
6. Financial Reporting & Support: • Oversee preparation of monthly reports, including Balance Sheet and Profit or Loss analysis. • Ensure timely reporting of financial information to the Financial Controller and shareholders. • Support other areas as and when required, including hedges and leases.
7. ERP System & Processes: • Support the selection and development of the ERP system, and help implement controls to ensure the integrity of financial information.
Skills Essential • Proficient user of Excel • Proficient with ERP systems – preferably SAP • Proficient user of IT Systems
Knowledge and Experience Required Essential • Good knowledge of IFRS, especially IAS 16, IAS 38, IFRS 16 and IFRS 9
Desirable • Experience of Project and Joint Venture requirements preferred but not essential • Off/Onshore windfarm experience preferred but not essential
Qualifications Essential • Qualified professional accounting qualification • Degree in a relevant subject (emphasis in accounting preferred)
Core Competencies • Effective Communication • Trust & Integrity • Team Orientated • Decisive • Strategic Vision • Adaptable • Commercial/Business Awareness
What we offer A competitive salary and annual bonus along with a range of benefits including family medical care, holiday purchase scheme, 10% non-contributory pension, life assurance, income protection and electric car scheme.
The chance to work amongst a friendly, dedicated, sociable team and benefit from social, health and wellbeing initiatives. We are committed to providing ongoing training opportunities for all staff and invest in allowing you to reach your career goals. Through implementation of our hybrid working policy, we are committed to supporting a positive work-life balance for our employees whilst also maintaining valuable face time in the office.
We're committed to achieving an equal gender balance and greater representation of all ethnic groups, both in our company and within the renewables industry. Diversity and inclusivity are central to our strength as a team as well as our culture as a business.
We are happy to consider any reasonable adjustments that candidates may need during the recruitment process, and you will be asked whether you require any during your application.
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Company Profile Red Rock Renewables is an investor, owner, operator and developer of renewable energy projects. Based in Edinburgh, Scotland, our growing team are passionate about generating clean energy and supporting the UK and Europe’s net zero ambitions.
Our current portfolio includes five part or fully owned wind farm projects, each at different lifecycle stages. Our operational wind farms – Afton (100% equity), Beatrice (25%) and Överturingen (50%) – have an installed capacity of 320 MW (RRPL proportion), while our development projects – Benbrack onshore wind farm in the South West of Scotland (100%) and Inch Cape offshore wind farm off the East Coast (50%) – will deliver an additional 570 MW.
We are committed to long term investment in the Scottish and UK market, onshore and offshore wind sectors in particular, and have strong growth ambitions to expand into the wider European market and other sustainable energy technologies. We are actively pursuing acquisition and development opportunities, including the offshore wind leasing rounds. Our Edinburgh headquarters puts us at the heart of the UK industry, while our team’s expertise and experience working on some of the world’s largest energy infrastructure projects allows us a unique opportunity to consider a variety of different opportunities and we welcome candidates to join us on this journey.
Red Rock Renewables was established in 2016 when SDIC Power, a global power generation company headquartered in Beijing, China acquired Repsol’s UK wind portfolio. For more information on Red Rock Renewables and what it’s like to work with us, visit
our website .
Job Purpose The Project Accountant will be part of the Red Rock Renewables Finance team, initially seconded to the Inch Cape Project to support the Project Company’s Finance & Accounting team with its responsibilities of providing timely and accurate financial information to its shareholders.
Job Description 1. Budget Monitoring & Reporting: • Lead the ongoing monitoring of the construction budget, ensuring alignment with project scope and timelines. • Prepare regular construction financial reports for management, lenders, and stakeholders, detailing project progress, financial performance, and budget status. • Responsible for commitment reporting, as well as PCG and LC monitoring. • Analyse and report on budget variances, identifying reasons for deviations and recommending corrective actions to meet financial targets. • Support the preparation of concise board packs, summarizing financial performance, key variances, highlighting trends, and potential risks to facilitate effective decision-making. • Collaborate with cost controllers, finance team, and project management team.
2. Forecasting: • Improve and maintain forecasting models to provide accurate financial projections, enabling effective resource allocation and decision-making. • Prepare necessary information and manage the funding mechanism for the project.
3. Understanding Cost Breakdown: • Develop and maintain Capex reporting & forecasting tool. • Coordinate with modelers to ensure accurate financial data and assumptions for the Capex model, ensuring its relevance and reliability in assessing project feasibility. • Collaborate with package managers to understand cost breakdowns, ensuring accurate cost allocation and tracking throughout the project lifecycle.
4. Working with wider Finance Team & senior lenders: • Collaborate with the cost controller to monitor project costs, compare actual expenses against budgets and forecasts, and ensure timely and accurate cost reporting. • Collaborate with modeler to ensure that actuals are correctly fed into the model and that remaining forecasted financial and accounting assumptions are still valid and accurate. • Assist senior lenders and technical advisors with their queries.
5. Team Development: • Contribute to the development of junior team members by guiding them in their day-to-day activities.
6. Financial Reporting & Support: • Oversee preparation of monthly reports, including Balance Sheet and Profit or Loss analysis. • Ensure timely reporting of financial information to the Financial Controller and shareholders. • Support other areas as and when required, including hedges and leases.
7. ERP System & Processes: • Support the selection and development of the ERP system, and help implement controls to ensure the integrity of financial information.
Skills Essential • Proficient user of Excel • Proficient with ERP systems – preferably SAP • Proficient user of IT Systems
Knowledge and Experience Required Essential • Good knowledge of IFRS, especially IAS 16, IAS 38, IFRS 16 and IFRS 9
Desirable • Experience of Project and Joint Venture requirements preferred but not essential • Off/Onshore windfarm experience preferred but not essential
Qualifications Essential • Qualified professional accounting qualification • Degree in a relevant subject (emphasis in accounting preferred)
Core Competencies • Effective Communication • Trust & Integrity • Team Orientated • Decisive • Strategic Vision • Adaptable • Commercial/Business Awareness
What we offer A competitive salary and annual bonus along with a range of benefits including family medical care, holiday purchase scheme, 10% non-contributory pension, life assurance, income protection and electric car scheme.
The chance to work amongst a friendly, dedicated, sociable team and benefit from social, health and wellbeing initiatives. We are committed to providing ongoing training opportunities for all staff and invest in allowing you to reach your career goals. Through implementation of our hybrid working policy, we are committed to supporting a positive work-life balance for our employees whilst also maintaining valuable face time in the office.
We're committed to achieving an equal gender balance and greater representation of all ethnic groups, both in our company and within the renewables industry. Diversity and inclusivity are central to our strength as a team as well as our culture as a business.
We are happy to consider any reasonable adjustments that candidates may need during the recruitment process, and you will be asked whether you require any during your application.
#J-18808-Ljbffr
