Evonik Degussa Corporation

Cost Engineer

Evonik Degussa Corporation$95K — $115K *
Real Estate & Construction
8 - 10 years of experience
Job Overview by Ladders

Qualifications

  • Bachelor's degree in Engineering, Construction Management, Finance, Business, or related field; equivalent experience considered
  • 8-10+ years in project controls, project controlling, or cost management for large capital projects
  • Strong understanding of cost estimating, budgeting, forecasting, and cash flow management
  • Experience with change management processes and cost control systems
  • Background in owner-representative, EPC, or EPCM project environments
  • Excellent analytical, communication, and stakeholder management skills
  • Proficiency with project controls, financial reporting, and advanced Microsoft Excel

Responsibilities

  • Develop and manage project cost baseline and budgets throughout the project lifecycle
  • Monitor project costs and perform variance analysis to identify cost drivers and trends
  • Lead cost change management process, integrating scope and schedule changes into budgets
  • Establish and report on contingency and management reserve usage
  • Consolidate cost information from multiple sources for accurate financial reporting
  • Generate monthly cost reports and dashboards to communicate financial health and risks
  • Coordinate with Finance and Procurement for cash flow planning and audit documentation

Benefits

  • Opportunities for professional development and career advancement
  • Collaborative work environment fostering teamwork
  • Access to cutting-edge project management systems and tools
  • Supportive organizational commitment to work-life balance
  • Participation in a mission-driven company focused on sustainability and innovation
Full Job Description
The Cost Engineer acts as the owner-representative Project Controller for capital projects, responsible for the financial control and integration of project cost information across engineering, procurement, construction, and commissioning. This individual understands estimates and schedules, but is not the estimator nor the scheduler. Instead, this role is focused on budget stewardship, change management, cost integration, KPI reporting, contingency management, and cash-flow control, ensuring leadership has a clear, accurate, and forward-looking view of project financial performance. RESPONSIBILITIES Develop, maintain, and manage the project cost baseline, cost breakdown structure (CBS), budgets, forecasts, Estimate at Completion (EAC), and cash flow forecasts throughout the project lifecycle. • Monitor project costs by tracking commitments, actual costs, forecasts, and financial performance while performing variance analysis and identifying cost drivers, trends, risks, and opportunities. • Lead the project cost change management process, including identifying, evaluating, documenting, and integrating approved scope, schedule, and commercial changes into project budgets and forecasts. • Establish, monitor, and report on contingency and management reserve usage, ensuring alignment with project risks and providing recommendations on contingency adequacy. • Consolidate and analyze cost information from Engineering, Procurement, Contracts, Construction, Site Operations, and external contractors to ensure accurate and consistent project financial reporting. • Develop and deliver monthly cost reports, dashboards, KPIs, and executive presentations that communicate project financial health, forecast accuracy, change exposure, and risk outlook. • Coordinate with Finance and Procurement to support accruals, payment timing, funding requirements, cash flow planning, and audit-ready project documentation. • Partner closely with Project Leadership, Engineering, Procurement, Construction, Finance, and EPC/EPCM contractors to resolve cost discrepancies, improve forecast accuracy, and support project decision-making. REQUIREMENTS • Bachelor's degree in Engineering, Construction Management, Finance, Business, or a related discipline; equivalent experience considered. • 8-10+ years of experience in project controls, project controlling, or cost management supporting large capital projects required. • Strong knowledge of project cost estimating principles, budgeting, forecasting, cash flow management, and project scheduling fundamentals. • Demonstrated experience managing project budgets, Estimate at Completion (EAC), cost forecasting, and financial performance throughout the project lifecycle. • Proven expertise with change management processes, contingency planning, management reserve practices, and cost control systems. • Experience working in owner-representative, EPC, or EPCM project environments with cross-functional project teams and external contractors. • Excellent analytical, problem-solving, communication, and stakeholder management skills with the ability to present financial information to project leadership. • Proficiency using project controls, financial reporting, and ERP/project management systems, with advanced Microsoft Excel skills preferred. Your Application To ensure that your application is proceeded as quickly as possible and to protect the environment, please apply online via our careers portal. Further information about Evonik as Employer can be found at www.evonik.com/en/careers.html. Please address your application to the Talent Acquisition Manager, stating your earliest possible starting date and your salary expectations. Your Talent Acquisition Manager: Brittney Compton [C] Company is Evonik Corporation

About Evonik Degussa Corporation

Evonik Degussa Corporation is a global specialty chemicals company that produces a wide range of products for various industries, including automotive, construction, and healthcare. The company's products include coatings, adhesives, and sealants, as well as specialty chemicals for the food and pharmaceutical industries. Evonik Degussa Corporation was founded in 2007 and is headquartered in Parsippany, New Jersey. The company is a subsidiary of Evonik Industries AG, a German chemical company.
Learn more about Evonik Degussa Corporation
Size
32,000 employees
Industry

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