Commercial Director

JR United Kingdom; Greater London; On-site; GBP 80,000 - 120,000; Full time

Job summary

An established industry player seeks a Commercial Director to lead the commercial and contractual aspects of the Sizewell C Nuclear Power Station project. This pivotal role involves developing commercial strategies, managing complex contracts, and ensuring compliance with nuclear safety standards. The ideal candidate will possess a strong background in commercial leadership within the nuclear sector, along with excellent financial acumen and project management skills. This unique opportunity offers a chance to be part of a high-profile project, contributing to the future of nuclear energy. If you're ready to make a significant impact, we encourage you to apply!

Qualifications

• Bachelor's degree in a relevant field is essential.
• Membership in recognized bodies like RICS, APM, PMI is expected.

Responsibilities

• Develop and align the commercial strategy with internal legal entities.
• Review and analyze monthly project performance reports.
• Manage disputes across the portfolio of contracts.

Skills

Commercial Leadership

Contract Management

Financial Analysis

Nuclear Industry Knowledge

Project Management

Education

Bachelor's degree in Engineering, Law, Business, or Finance

MBA or MSc in Project Management

Job description

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Kennedy Fox Associates are proud to be working with a global leader in delivering comprehensive solutions across the entire lifecycle of nuclear facilities. They have over 60 years of experience and supports their clients in new builds, modernization, maintenance, decommissioning, and nuclear waste management.

They are a trusted partner in the nuclear industry worldwide due to their commitment to quality, safety and innovation.

They are looking for a Commercial Director to come in at the concept stage of the proposed Sizewell C Nuclear Power Station. The Director will be responsible for delivering all commercial and contractual aspects of the contract, including matters across the portfolio of contracts which encompass the master agreement, reporting, project controls (including planning), payments and finance.

You will need to be based in Suffolk Monday-Friday and travel will also be required for this position, 2-3 days a month to other locations in Hull, Warrington, Germany and France.

Responsibilities:

• Develop the commercial strategy and ensure the organisation is aligned with internal legal entities (BUK, BET, BPE and BPT), whilst demonstrating clear goals, deliverables, targets and objectives.
• Provide NEC acumen and give support/guidance to the company entities and the project team to enable effective use and understanding of key terms. Will lead senior client facing meetings to ensure that the company is not exposed.
• Review, analyse and challenge monthly project performance reports, including validation of receivables, Work In Progress (WIP) and working capital performance, ensuring consistency and standardisation of reporting and best practice across the contract.
• Provide detailed analysis of underperformance across the portfolio of contracts and delivering intervention plans to mitigate risks and return performance to the required levels, including actions to resolve disallowed costs.
• Provide the Operations Director with a commercial operating culture through standardised commercial reporting mechanism, controls and performance data so that the HPC portfolio of contracts are delivered compliantly.
• Responsible for and ownership of any disputes across the portfolio of contracts ensuring timely resolution.
• Ensuring the timely clearance of all Early Warning Notices and Compensation Events coupled with reviews in Risk Registers. Define the commercial organisational requirements (at PMO and within legal entities), responsibilities, recruit, coach, train and develop the commercial team, whilst ensuring that communications between all the company entities are clear/understood.
• Organise, manage and actively participate in performance reviews, work with the team/s and/or regions to ensure that withheld amounts are mitigated and/or minimised on a monthly by month basis.
• Review and validate rates, margin models, cash-flow forecasts and all commercial aspects of tender submissions, ensuring commercial terms including payment terms, Parent Company Guarantees (PCGs) and bond requirements, etc., are within acceptable limits and associated margin models take cognisance of these.

Requirements:

• Bachelor's degree in a relevant field such as engineering, law, business, or finance is essential. Advanced degrees like an MBA or MSc in Project Management are advantageous.
• Professional Accreditation: Membership in recognized bodies (e.g., RICS, APM, PMI) is expected.
• Nuclear Industry Credentials: SQEP is a requirement for roles impacting nuclear safety.
• You will require previous Commercial Leadership experience and a deep understanding of the nuclear industry's regulatory landscape, capable of steering complex projects from conception through to execution.
• Engagement with the Office for Nuclear Regulation (ONR).
• Familiarity with UK-specific nuclear safety and quality standards, as well as procurement regulations, is essential.

This is a unique opportunity and a highly desired project to be part of, so please apply now!