Cost Engineer

Posted 7 Days Ago
Be an Early Applicant
Lafayette, IN, USA
In-Office
Expert/Leader
3D Printing • Chemical
The Role
Owns financial control for large capital projects by managing cost baselines, budgets, forecasts, EAC, cash flow, change management, contingency, variance analysis, and KPI reporting. Consolidates financial data across engineering, procurement, construction, finance, and contractors; produces executive reports; supports accruals, payments, funding, audits, and project decisions. Requires strong project controls, cost management, analytical, communication, and stakeholder management skills.
Summary Generated by Built In

What we offer

Explore a world of opportunities with us. Look ahead with us and help shape innovative solutions to make our world more sustainable and life healthier, more vibrant and more comfortable. At Evonik, you have the chance to explore, thrive, and grow alongside 33,000 colleagues. Among attractive career paths and high-quality development programs, we not only offer performance-based remuneration and occupational health benefits but also hybrid and flexible working environments with #SmartWork. Bring your fresh perspective, develop your strengths, break out your mold, and find a career that fits your dreams with us.

Click on the link below to learn what our employees have to say about Evonik:
https://careers.evonik.com/en/about/meet-the-team/

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.

The Evonik Group adopts an Equal Employment Opportunity (EEO) approach.  Candidates are assessed based on their educational qualifications, experience, job competencies and potential and shall not be discriminated against on the basis of race, ethnicity, age, gender, religion, nationality, disability or sexual orientation or other classifications protected by local, state, or provincial regulations.

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

Skills Required

  • Bachelor's degree in Engineering, Construction Management, Finance, Business, or a related discipline; equivalent experience may be considered.
  • 8-10+ years of experience in project controls, project controlling, or cost management supporting large capital projects.
  • Strong knowledge of project cost estimating principles, budgeting, forecasting, cash flow management, and project scheduling fundamentals.
  • Demonstrated experience managing project budgets, Estimate at Completion, cost forecasting, and financial performance throughout the project lifecycle.
  • 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 teams and external contractors.
  • Excellent analytical, problem-solving, communication, and stakeholder management skills, including presenting financial information to project leadership.
  • Proficiency with project controls, financial reporting, and ERP or project management systems.
  • Advanced Microsoft Excel skills.

Evonik Compensation & Benefits Highlights

The following summarizes recurring compensation and benefits themes identified from responses generated by popular LLMs to common candidate questions about Evonik and has not been reviewed or approved by Evonik.

  • Healthcare Strength The U.S. package consistently includes medical, dental, and vision coverage, supported by HSA/FSA and an Employee Assistance Program. Benefits information highlights robust health coverage alongside base pay.
  • Retirement Support Retirement offerings include a 401(k) and references to legacy pension and retiree medical for eligible groups, indicating depth beyond a basic plan. Company materials and postings emphasize retirement support as part of a comprehensive package.
  • Leave & Time Off Breadth Paid time off, paid holidays, and parental leave are listed across recent U.S. postings. These time‑off programs appear as core elements of the package.

Evonik Insights

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The Company
HQ: Essen
13,812 Employees
Year Founded: 2007

What We Do

Evonik is one of the world’s leading specialty chemicals companies. While we don’t produce electric cars, aircraft, medications or 3D printers, Evonik is part and parcel of these and many other end products. That’s because we contribute the small things that make a big difference. We make electric car batteries perform better, aircraft greener, medications more effective and 3D printers more efficient. In short: We think beyond the bounds of chemistry to make the world a better place. Today and tomorrow. We are an international group with a workforce of over 32,000 people spread across more than one hundred locations. Our daily work is shaped by global concerns, such as sustainability, diversity and digitalization. In all our business decisions, we take the present and future generations into consideration. After all, being ready for tomorrow is our business. Interested in joining our global team? Our wide range of opportunities extends from creative and innovative research through international management all the way to production. Whether you’re studying, starting out in your career or a seasoned professional, come help us make the world a better place. For more information about careers at Evonik, go to: www.careers.evonik.com. #HumanChemistry Find our netiquette on: www.evonik.com/netiquette

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