Risk Management Offshore Wind

Jing Hossfield

Tel: 603-***-**** Email: **********@*****.***

1

Finance Management

Diligent, detailed and action-oriented finance professional with demonstrated cost control and risk management expertise on capital projects, in $500MM to $2B range; Successfully managed multiple projects, focused on quality management, customer satisfaction and prioritizing tasks to achieve financial goals; Single handedly resolved over

$40MM in discrepancies; Excellent PC, interpersonal, strong negotiation and communication skills; Bilingual with extensive international trade experience.

Professional Experience

RWE Offshore Wind Americas LLC. Boston, MA

2023 - Present

Financial Controller

Successfully managed all financial aspects of the large-scale offshore wind investment portfolio includes six development projects in the US region

Collaborated with Development Directors and Project Investment Leaders to develop project budgets, business strategies, project milestones, scenarios, risks and opportunities, short-term and long-term project planning, forecasting and make necessary recommendations for offshore board and AG management approval

Accurately produced key performance indicators, budget variances and commitment reports, ad-hoc detailed analysis on overhead costs, external costs and internal resource costs for the US region stakeholders and central senior management team

Worked closely with accounting in a timely manner for the month/quarter-end closing, reconciled direct and indirect costs including accruals, reclasses, impairment, Intercompany recharges, Capex, Opex, and the general ledger total book values

Created project WBS cost structures and Cost Centers for each project, approved all Purchase Orders to ensure compliant, accurate cost codes associated with each approved budget line

Worked with accounting, package managers, IT and procurement to quickly resolve any cost discrepancies against the approved budget

Developed standardized financial processes for all US projects and the onboarding documents for business continuity, mentoring the cross- functional team and the new staff

Collaborated with the cross-functional teams and ensure internal controls are being adequately applied. The Delegation of Authority for investment spend and controls detailed in specific project shareholder agreements or country and region-specific procedures

Re-established standardized controlling templates to improve overall efficiency Turner & Townsend Inc. Boston, MA 2022 - 2023

Sr. Cost Manager

Successfully execution of large-scale life science construction project by identifying the issues, working with cross functional teams such as Finance, A/P, Procurement, Engineering and Operations to quickly resolve any issues related to Capex and Opex expenditures, purchase orders, accruals, invoices, retainage releases, payments, change order requests and timesheet approvals

Interfaced with project stakeholders as a trusted advisor to provide guidance and recommendations, including risk management, standardized cost templates and process flow and approval structure Jing Hossfield

Tel: 603-***-**** Email: **********@*****.***

2

Worked closely with project manager, technical team leaders and construction manager to perform and evaluate change management reviews on weekly basis includes internal operational change order requests as well as contractor and sub’s change order requests, ensuring costs are captured into the forecast

Performed monthly cost reviews with senior management includes budget, commitments, estimated at completion, actuals, Opex to Capex, risk analysis, contingency, cost variances analysis and SGIE management report

Collaborated with Engineering team leads, each department leads, and operation team leads to perform monthly spend analysis reviews for forecasting purpose, and ensure to meet the yearly budget targets

Daily reviewed and validated all invoices including Indirect, Materials, Equipment, Subcontractors before management approval

Worked with the Accounting and Procurement team to reconcile all Purchase Orders and invoices to be aligned with Unifier and SAP

Performed monthly cost reviews with EPCM management team to ensure all change orders, additional budget, purchase orders, commits and Estimate to Complete are captured properly in Estimated to Completion

Assisted internal and external auditors on assigned projects

Assisted other project teams and provided training as needed

Closed out all purchase orders and charge codes for each completed project Northrop Grumman Corp. Devens, MA 2020 - 2022

Sr. Principal Program Cost Schedule Control Analyst

Successfully managed all the programs by interacting and communicating effectively with Senior Management, Business Area Management

Created PP&C procedures and process flow charts, assisted a cross functional team and provided training and peer reviews as requested

Managed all business areas Direct/Indirect Intercompany Work Orders through initiative, approval, modifications and close out

Monitored all the programs to ensure that costs are within funded and contract values, and within contractual schedule and scope

Supported the annual budgeting process, monthly and weekly sales forecasts, budget re-plans, reforecasts, program management reviews and funding request

Prepared internal/external financial reports and Analysis for all business area programs on weekly basis

Monitored large complex program, provided management team timely Earned Value reports, identified early warning signals and prompt timely corrective actions to avoid financial loss

Prepared accurate program EACs, monitor control labor hours and direct/indirect costs to ensure those are charged appropriately

Coordinated with project management team, procurement, accounts payable to resolve supplier invoice issues to support timely payments

Prepared Government and commercial proposals, coordinated all cost proposal input and supported proposal managers in generating adequate costing for internal review and external submissions

Supported program engineering change proposals, modifications, requests for additional funding Enel Green Power Inc. Andover, MA 2017 - 2020

Cost Controller

Successful execution of projects by identifying issues and effectively communicating with the applicable departments to resolve

Created customized templates and management reports to analyze internal and external man hours and costs during development and execution phases

Jing Hossfield

Tel: 603-***-**** Email: **********@*****.***

3

Applied quantitative analysis to develop dashboards, graphs, and S-curves to provide a quick and accurate way to visualize project progress status

Monthly tracking Department of Engineering and Construction personnel man hours and costs, analyzing their workloads to help management to reallocating resources as needed

Facilitated communication between departments to make improvements based on lessons learned, and provide suggestions to streamline workflows for existing and future projects

Created the work breakdown structures in SAP, control and monitor project expenditure, budget and forecast for each project and provide variance analysis and cost impact analysis reports to the management team

Worked very closely with departments of Engineering and Construction, Business Development, Contract Management and Procurement to establish budget estimation for twelve new projects in timely fashion

Worked with project team to identify and evaluate project risks during the development and execution phases

Validated actual costs monthly (direct and indirect, capital and O&M) to ensure reclasses are correctly processed by AFC

Bechtel Corp. Charlotte, NC 2016 - 2017

Sr. Cost Engineer

Reviewed and approved Contract Commitment Authorization and invoices for accuracy as compared to contractual labor rates and award quantities

Controlled and monitored budget expenditures and forecasts for material and equipment. Including establishing and maintaining a cost and commitment tracking and reporting system for purchased materials and equipment to ensure matching the budget and scope from the estimate

Reviewed non-manual Labor timesheets to ensure proper use charge codes through the whole market in accordance with prescribed standards and procedures

Issued and trended projected actual labor hours report to each functional management team, analyzed the discrepancies between actuals and forecasts, evaluated each discipline Cost Performance Index (CPI)

Generated monthly Professional Services Report (PSR), Cost and Commitment Report (CoCo), and Cost and Revenue report (CRR), provided recommendations to the management team

Created new project codes, recommended appropriate modifications and revisions, included guidance for proper use

Reviewed cost codes of purchase requisitions and expenditures according to approved project budgets daily

Timely resolution of issues related to charge codes, requisitions, purchase orders, invoices, expenditures, freight, contracts, change orders, misc. cost items

Monitoring actualized Engineering and construction progress payments, accurately submit invoices to client on a Biweekly basis.

Monthly uploaded progress payments from P6, revised the payments based on approved change orders and revised purchase orders

Monitored the progress of subcontracts, verified invoices/payments and incorporated all changes into the cost tracker database

Monitored payments received from client and notified management all of payments due on weekly basis.

Timely reconciled direct and indirect labor costs for each discipline, processed journal corrections as needed

Assisted project manager in preparing cost data for proposals and contract negotiations Duke Energy Corp. Charlotte, NC 2009 – 2016

Project Controls Specialist II

Initiated and developed studies, cost estimates, future annual budgets, weekly work hour graphs, Earned Value reports, Monthly Project Status Reports, Metrics and Cash Flow projections for Fossil/Hydro and Nuclear Station capital and O&M projects

Jing Hossfield

Tel: 603-***-**** Email: **********@*****.***

4

Reviewed initial budgets and maintained forecast of future project expenditures to meet both Engineering Department and Corporate Finance Management expectations

Validated the monthly actual cost reports, worked closely with Project Managers, Purchasing and Asset Accounting Department to identify inaccurate labor costs, invoices, Sale Taxes, allocation and overhead costs

Processed project Accruals, Reversal Accruals and Correction Journals for accounting corrections

Assisted internal and external auditors on assigned projects

Developed and submitted project trending of potential project risks and Change Orders

Generated project cash flow projections, variances and Monte Carlo risk analysis reports to meet the monthly deadline

Reconciled each Purchase Order and vendor invoice to ensure the proper payment and accounting information to be processed

Assisted PMs on Funding Requests and performed Allowance of Funds used During Construction (AFUDC) calculations

Tracked and trended project actual costs/man-hours against baseline and forecast, analyzed the discrepancies, and evaluated each project Schedule Performance Index (SPI) and Percentage Completion

Validated and resolved issues on Automatic Review for Closing (ARC) Rules Failure Report to prevent capitalized projects from unitizing at the end of the late charge wait period

Collaborated with Project Managers and Asset accounting team identify phased funding scopes to ensure timely asset capitalization

Closed out all invoices and charge codes for each completed project

Assisted other project teams and provided training and peer reviews as requested Babcock Power Inc. Charlotte, NC 2007 - 2009

Project Cost Analyst/Commercial Manager

Managed five Selective Catalytic Reduction and two Flue Gas Desulfurization projects with budget valued over

$180MM; exceeding project financial objectives, established initial budgets, maintained “Estimate At Completion (EAC) and Latest As Sold” budgets, analyzed the financial data, and determined the Earned Value; recognized for superior performance

Reconciled and validated 2000 accounts and variances between AS SOLD and EAC and LAS budgets, generated Project Revenue & Margin forecasts and Project Status Reports for the monthly PM review exceeding time request for delivery

Monitored the financial projections and Cash Flow to identify potential issues; recognized for revenue compliance for assigned Projects

Analyzed issues impacting Project Revenue to ensure that change orders are documented and approved by the management; obtained recognition for accuracy of the EAC and LAS budget updates

Assisted Project Managers in performing and monitoring requests for opening and closing project charge numbers and ensuring correct charges against assigned activities

Generated monthly invoices to customers based on letter of intent/ milestone payment

Validated 500 Material Requisitions and purchase orders monthly by ensuring work breakdown structures, account numbers and amounts to match budgets

Monitored each department's labor and non-labor costs ensuring appropriate account charge backs; managed time sensitive vendor invoicing processing and investigated delays

Analyzed the differences between monthly EAC vs. availability of funds and made budgetary recommendations on the budget and advised Project Manager of potential problems

Coordinated project non-compliance issue closure with procurement and accounting departments to quickly resolve mischarges

Jing Hossfield

Tel: 603-***-**** Email: **********@*****.***

5

Wachovia Bank Inc. Charlotte, NC 2005 – 2007

Securities Analyst

Reconciled Demand Deposit Account, General ledger and Subsystem daily accounts and had additional responsibilities and alternate for other’s accounts, received recognition for accuracy

Collaborated with business units to meet or exceed deadlines on month end and year end reports

Identified and resolved problems in accounts efficiently such as daily out of balance, month end out of balance, unusually matched items, unloaded entries, validations, and incorrectly named departments. Ensured all accounts were in balance and properly assigned with 100% accuracy

Analyzed and reviewed accounts and created 150 account procedures on a quarterly basis resulting in 100% compliance in accounting policies

Reviewed and approved documentation, ensuring description and resolution steps were identified Blumenthal Performing Arts Center Charlotte, NC May - August 2004 Accounting Internship

Assisted VP/Controller and staff accountants in all areas of general accounting

Assisted the VP/Controller with inputting 32 departmental budgets for the new fiscal year, 300 monthly and year-end journal entries and distribution of management reports

Assisted staff accountants with 30 bank reconciliations, 1,100 accounts receivable and payable entries, and research, and with over 100 general ledger account reconciliations Education & Training/Awards

BS/BA University of North Carolina at Charlotte, in Finance, and Economics Minor 2000 - 2004

Wholesale Operations WOW Awards, Wachovia bank 2005 - 2006

Project Management Certificate, PMI Based, UNCC 2009 - 2010

Power Plant Training, 4.8 CPE Credit Hours, Duke Energy 2009 June

Numerous Nuclear Power Plant Training Courses 2009 - 2016

Project Controls: The Fundamentals at Duke Energy, PMCoE July 2016

Lean Six Sigma Fundamental Online Training Mar. 2017

SAP Project System Online Training April 2017

Oracle Primavera P6 Online Training April 2017

NG – EVM PSPB Qual Certificate Dec. 2021

Computer Skills

Proficient with Microsoft 365, Word, Excel, PowerPoint, Access, Outlook, Lotus Notes, Microsoft Teams, CARS, Unifier, SAP, Power BI, EVMS, FAR, DFAR, Business Objects, Strategic Horizons, Power Plant, Promet, CAPS, CAS, EDM, eMax, Primavera, Microsoft Project, Cost Point, SharePoint, CFAR, Gbetr, FileNet, EcoSys, CADs, Gipsy, Prisma, Oracle, eSub, BPS, Impromptu, Essbase, Intelimatch, IRIS, Snapshot, SAS, NAS, Cubes.

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