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Nargiz Baghirova

Risk Manager Consultant

Nargiz Baghirova
Munich, Germany

Experience

Jul 2025 - Present
8 months

Risk Manager Consultant

Friedrich Vorwerk Unternehmensgruppe

  • Responsible for developing and implementing the Risk Management Policy and Plan, ensuring structured risk identification, assessment, and mitigation
  • Conducted comprehensive risk assessments on material quantities, procurement schedules, and contractor performance to ensure accurate forecasting and prevent delays
  • Developed and maintained a risk register covering technical, financial, safety, quality, and environmental risks with focus on quality assurance and quantity control
  • Collaborated with engineering, procurement, and construction teams to identify deviations in material usage and construction standards, reducing rework incidents by 18% and achieving 10% savings on material costs
  • Prepared monthly Risk Management Reports highlighting key risks such as supply chain disruptions, cost escalations, and regulatory compliance issues
  • Led quantitative risk analyses, including Monte Carlo simulations and sensitivity analyses, to evaluate the impact of uncertainties on project timelines and budgets
Oct 2021 - Apr 2025
3 years 7 months

Senior Project Cost Controller

RWE Renewables

  • Oversaw project budgets, implemented robust cost control processes, and enhanced financial transparency
  • Generated key performance indicators and progress reports for data-driven decisions and monthly SteerCo packs
  • Coordinated and challenged assumptions for in-depth reviews of project costs, forecasts, risks, and opportunities
  • Implemented internal controls including Delegation of Authority and shareholder agreement protocols
  • Prepared monthly financial reports for Special Purpose Vehicles, including accruals and detailed resource and non-resource cost analysis
  • Coordinated CAPEX planning and cost engineering by aggregating package assumptions into spend profiles and cost books
  • Developed progress and schedule control tools, procedures, and plans to align projects with objectives
  • Produced benchmarking data sets and cost estimating tools for capital investment planning
  • Created bespoke risk registers for cost and schedule risk control and mitigation
  • Conducted cash flow analysis to ensure financial liquidity and efficient fund management
Oct 2019 - Oct 2021
2 years 1 month

Senior Project Cost Controller

Total Energy Germany

  • Managed the complete project control suite including financials, change management, procurement, executive support, and benchmarking
  • Collated and analyzed data at summary and granular levels to enable "what-if" analyses
  • Provided guidance on variances in subcontractor and material costs, cash flow management, and schedule adherence
  • Streamlined work packages, maintained cost ledgers, tracked Variance of Work Done, and monitored KPIs
  • Ensured documentation and reporting while overseeing risk and change management processes
  • Coordinated tender and bid planning, scheduling, administration, and contract evaluation with post-award support
  • Managed fixed-price, unit-based, and reimbursable contracts, ensuring compliance with contractual terms and scope
  • Controlled change requests, reviewed contractor proposals, and assessed cost, schedule, and risk impacts
  • Oversaw progress tracking and financial forecasting to identify budget deviations and recommend corrective actions
  • Led cost reconciliation and invoice analysis against contract milestones and site progress reports
  • Monitored contractor performance, supported dispute resolution, and maintained detailed contract documentation
  • Prepared monthly cost control reports summarizing budget performance, contract expenditures, and forecast adjustments
Sep 2013 - May 2019
5 years 9 months

Project Control Lead

BP Azerbaijan

  • Accountable for financial management, contract administration, change control, procurement coordination, and executive reporting
  • Led cost and contract control for EPC, EPCM, fixed-price, unit-based, and reimbursable contracts
  • Verified contractor deliverables, change requests, and performance evaluations based on construction progress reports
  • Monitored contractor cost control by validating invoices, tracking payments, and ensuring alignment with milestones
  • Administered fixed-price and reimbursable contracts on-site, tracking actual costs and expense submissions
  • Oversaw EPC and EPCM contract administration, procurement tracking, material cost control, and contractor execution
  • Assisted in negotiation of contract variations, mitigating financial risks through effective change management
  • Controlled project financials via earned value management and KPI reporting
  • Collaborated with engineering, procurement, finance, and construction teams for contract execution and cost control
  • Provided tender/bid planning and contract evaluation support, ensuring compliance before award
  • Coordinated contract close-out procedures, final reconciliations, claims resolution, and contractual compliance
Oct 2003 - Sep 2013
10 years

Cost Engineer / Cost Analyst (Finance)

BP Azerbaijan

  • Coordinated short-, medium-, and long-term financial accounting accruals, forecasts, and cost reconciliations against baselines and targets
  • Oversaw vendor and subcontractor invoice verification, revision, and business expenses approval
  • Formulated cost, time, and labour estimates, equipment and material projections, and productivity trend reporting
  • Designed, executed, and tracked project contingencies
  • Created payment applications and reviewed alignment with job cost reports and key indicators
  • Audited project billings against SAP data and vendor agreements
  • Acted as financial analyst and advisor to senior leaders on cost performance and project progress
  • Partnered with accounting and business teams to ensure transparency of compiled data
  • Supplied cost summaries for business review meetings and collaborated with stakeholders to set achievable cost targets
Jan 2002 - Dec 2003
2 years

KCA Deutag Drilling & Oilfield Systems

platform drilling operations and maintenance

Jan 1998 - Dec 2002
5 years

Keppel FELS / Caspian Shipyard Company Limited

design and build of high-performance mobile offshore rigs

Financial Control Consultant

Aeternity Crypto Foundation

  • Developed and maintained operational budgets, forecasts, and monthly financial statements aligned with crypto project cycles
  • Implemented cost control measures to monitor and manage developer, marketing, and operational spend
  • Streamlined reporting processes for grants, tokens, and fiat-based expenditures across multiple funding sources
  • Created real-time dashboards in Excel and Power BI to track KPIs, burn rates, and liquidity levels
  • Supported regulatory compliance and audit readiness by aligning documentation with internal and external requirements
  • Advised senior leadership on financial risks, cost-saving opportunities, and capital allocation strategy
  • Facilitated collaboration between tech, marketing, and finance teams to ensure financial visibility across departments
  • Tools: Excel (advanced), Power BI, Project-Jira, Power Query, internal crypto accounting tools, Google Workspace

Freelance Project Controls Consultant – EPC Project Governance

ArcelorMittal

  • Developed a project controls guideline to align internal standards with EPC contractor deliverables and international best practices
  • Defined standard operating procedures for financial and progress reporting, ensuring consistent and reliable data exchange
  • Established a comprehensive KPI framework (cost variance, schedule adherence, earned value) to monitor contractor performance
  • Designed reporting templates and dashboards for weekly and monthly EPC progress, risk, and cost tracking
  • Created a resource management strategy to align manpower planning with project phases and budget constraints
  • Provided expert input on contract structuring to include enforceable reporting obligations and milestone-based financial triggers
  • Supported internal teams in change management and scope tracking to minimize risk and optimize cost control
  • Trained internal stakeholders on project governance protocols, contractor oversight, and performance evaluation techniques
  • Acted as a key liaison between project management, finance, and EPC teams, improving communication and decision-making flow
  • Tools: SAP, MS Project, Primavera, Excel, Power BI, Document Management Systems

Industries Experience

See where this freelancer has spent most of their professional time. Longer bars indicate deeper hands-on experience, while shorter ones reflect targeted or project-based work.

Experienced in Energy (27 years) and Construction (0.5 years).

Energy
Construction

Business Areas Experience

The graph below provides a cumulative view of the freelancer's experience across multiple business areas, calculated from completed and active engagements. It highlights the areas where the freelancer has most frequently contributed to planning, execution, and delivery of business outcomes.

Experienced in Finance (21 years), Project Management (12 years), Accounting (10 years), Procurement (8.5 years), Product Development (5 years), and Production (5 years).

Finance
Project Management
Accounting
Procurement
Product Development
Production

Summary

Finance & Project Controls Consultant with 25+ years of international experience in energy, EPC, and infrastructure projects. Proven expertise in SAP, Power BI, and Primavera, delivering cost transparency, project governance, and financial control. Skilled in leading CAPEX/DEVEX budgets, KPI-based reporting, and stakeholder alignment.

My extensive skill set encompasses budgeting, forecasting, and contract management, ensuring meticulous financial control. I'm well-versed in utilizing Cost Breakdown Structure (CBS) and Work Breakdown Structure (WBS), allowing me to drive efficiency in project execution.

My role as a key project and financial analyst has enabled me to collaborate closely with project planners, cost engineers, document controllers, logistics specialists, EPCM contractors, and facilities' suppliers.

Skills

  • Project Lifecycle
  • Resourcing Plan
  • Cost Control
  • Schedule Control
  • Setting Kpis
  • Project Reporting
  • Governance
  • Compliance
  • Change Management
  • Risk Administration
  • Forecasts
  • Cash Flow
  • Accruals
  • Accounts Receivable/payable
  • General Ledger (Gl)
  • Goods/invoice Receipt (Gr/ir)
  • Ms Office
  • Advanced Excel
  • Ms Project
  • Sap
  • Primavera 6
  • Process Automation (Power Bi)

Languages

English
Advanced
Russian
Advanced
German
Intermediate
Turkish
Intermediate

Education

Azerbaijan State University of Economics (UNEC)

Bachelor’s Degree · Business Operations & Management · Baku, Azerbaijan

Certifications & licenses

PMP

PMI

Scrum Master I

Scrum.org™

Profile

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Frequently asked questions

Do you have questions? Here you can find further information.

Where is Nargiz based?

Nargiz is based in Munich, Germany.

What languages does Nargiz speak?

Nargiz speaks the following languages: English (Advanced), Russian (Advanced), German (Intermediate), Turkish (Intermediate).

How many years of experience does Nargiz have?

Nargiz has at least 27 years of experience. During this time, Nargiz has worked in at least 4 different roles and for 6 different companies. The average length of individual experience is 4 years and 11 months. Note that Nargiz may not have shared all experience and actually has more experience.

What roles would Nargiz be best suited for?

Based on recent experience, Nargiz would be well-suited for roles such as: Risk Manager Consultant, Senior Project Cost Controller, Project Control Lead.

What is Nargiz's latest experience?

Nargiz's most recent position is Risk Manager Consultant at Friedrich Vorwerk Unternehmensgruppe.

What companies has Nargiz worked for in recent years?

In recent years, Nargiz has worked for Friedrich Vorwerk Unternehmensgruppe, RWE Renewables, and Total Energy Germany.

Which industries is Nargiz most experienced in?

Nargiz is most experienced in industries like Energy and Construction.

Which business areas is Nargiz most experienced in?

Nargiz is most experienced in business areas like Finance, Project Management, and Accounting. Nargiz also has some experience in Procurement and Purchasing, Product Development, and Production/Manufacturing.

Which industries has Nargiz worked in recently?

Nargiz has recently worked in industries like Energy and Construction.

Which business areas has Nargiz worked in recently?

Nargiz has recently worked in business areas like Project Management, Finance, and Procurement and Purchasing.

What is Nargiz's education?

Nargiz holds a Bachelor in Business Operations & Management from Azerbaijan State University of Economics (UNEC).

Does Nargiz have any certificates?

Nargiz has 2 certificates. These include: PMP and Scrum Master I.

What is the availability of Nargiz?

Nargiz is immediately available full-time for suitable projects.

What is the rate of Nargiz?

Nargiz's rate depends on the specific project requirements. Please use the Meet button on the profile to schedule a meeting and discuss the details.

How to hire Nargiz?

To hire Nargiz, click the Meet button on the profile to request a meeting and discuss your project needs.

Average rates for similar positions

Rates are based on recent contracts and do not include FRATCH margin.

1200
900
600
300
Market avg: 900-1060 €
The rates shown represent the typical market range for freelancers in this position based on recent contracts on our platform.
Actual rates may vary depending on seniority level, experience, skill specialization, project complexity, and engagement length.