Nargiz Baghirova
Risk Manager Consultant
Experience
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
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
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
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
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
KCA Deutag Drilling & Oilfield Systems
platform drilling operations and maintenance
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).
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).
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
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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