Senior Cost Engineer

We are Covestro. We are curious. We are courageous. We are colorful. We refine chemical material solutions with game-changing products. Let us empower you to push boundaries. Join us and our 18.000 colleagues now and together we will make the world a brighter place.

Major tasks and responsibilities of position (max. 8 key topics)

• Sets up and maintains the cost control tool (e.g. Ares Prism) and ensures appropriate integration with schedule, progress, risk, trend, and change information in accordance with the requirements of the current project phase and execution model.

• Prepares the cost breakdown structure (e.g. Prism control accounts and coding structures) in accordance with the scope work breakdown structure (WBS) and contracting strategy for the current phase.

• Coordinates the cost estimating process in different phases based on different accuacy objective to ensures that the estimate can be aligned with the project execution model.  Prepares the Appropriate Request.

• Establishes budgets for control accounts, purchase orders, contracts and work packages based on the detailed cost estimate.  Prepares time-phased costs and contingency run-down in accordance with the schedule and planned progress and corporate financial reporting requirements.

• Ensure the risk, trend and changes been updated into the cost forecast every month.

• Updates the cost control tool every month with actuals and commitments from SAP and contractors, performs budget transfers and contingency drawdowns with PM approval, updates time-phased costs, and prepares the cost forecast for PM review and approval.

• Prepares the project reporting calendar (Covestro and contractor) and provides input to and content for the monthly project report and presentations.  Publishes summary and detailed cost reports, identifies variances and root causes, and reviews with PM every month.

• Supports Covestro accounting and finance processes including annual budgeting and forecasting, portfolio cost reporting, and maintenance of SAP data according to corporate guidelines and policies.

• Prepares the Project Close-out Report and provides input to lessons learned and cost benchmark data collection.  Performs the asset capitalization process, closes contracts, and ensures that SAP WBS elements have the correct final status.

Value added to the success of the company - what are the main objectives of the function?

• Ensures that project budgets are expended in a controlled manner in accordance with accounting and financial regulations

• Provides timely and accurate project cost forecasts

Work relations (List the most important work relationships with internal and external partners/ customers)

• Within the project team works directly with: 

Steering Committee Members, Project Director, Project Manager, Engineering Manager, Procurement Manager, Construction Manager, Discipline Leads, Project Team Members

• Outside the project team has interfaces with:

Group Heads, Team Leads, local Accounting, Controlling, HR organizations and external Contractors

Qualifications (Education, skills, experiences and personal characteristics necessary for success in this position)

• Bachelor's degree or above in engineering, business administration or other project management-related fields

• Minimum of five or more (5+) years of cost control experience in the chemical or process industries

• Past experience on EPC projects greater than €50 million during both engineering and construction phases

• Expert level of knowledge in all aspects of cost control for chemical or process industry projects

• In-depth knowledge of EPC project execution and contract models

• Expert capabilities setting up, maintaining and trouble-shooting cost control software (e.g. Ares Prism)

• Familiarity with SAP and project accounting practices

• Good understanding of AACE cost engineering and earned value management practices

YOUR APPLICATION
Are you as curious, courageous and colorful as we are? If so, we can offer you an exciting career opportunity. We look forward to receiving your application including a cover letter, resume/CV, and relevant certificates. Become part of our Team - apply now!

Covestro is well aware of the importance of personal information to you. Covestro promises to strictly abide by the basic principles of information security and privacy protection as well as requirements of relevant laws and
regulations and take appropriate security protection measures to ensure that your personal information is safe and controllable.

The resume you submit and the personal information you provide voluntarily will only be used for the recruitment service of Covestro. If we use your information beyond the above purposes, we will seek your consent in advance.

The Covestro position you are applying for may use AI tools for preliminary screening of your submitted resume. We commit that this screening process is free from any bias or discrimination, ensuring fair and just treatment for every applicant. If you accept this approach, please continue with the application process. If you have any objections to the screening results, please send an email to CNTA@covestro.com.

Your data may be kept in a secure environment within or outside the territory of P.R. China. If the personal information is necessary to be transferred outside the territory of P.R. China, we will ensure that it is transferred in accordance with the laws and regulations. Generally, we only store your personal information for the time period that is necessary to fulfill the purpose of collection and processing, unless otherwise provided by laws, regulations or administrative orders. We will implement a variety of measures to ensure a reasonable level of information security. Unfortunately, if a personal information security incident occurs, we will activate contingency plans to prevent the security incident from spreading.

We impose strict restrictions on sharing information with any third party in accordance with laws and regulations. Unless otherwise provided by laws and regulations, the information we collect will not be provided to or shared with any third party that is unrelated to our recruitment services.

Contact Us

www.covestro.com

Covestro welcomes applications from all individuals, regardless of racial or ethnic origin, skin color, nationality, religion, philosophy, gender, age, physical characteristics, marital status, disability, appearance, sexual orientation and sexual identity. We are committed to treating all applicants fairly and avoiding discrimination.