Project Cost Engineer (m/w/d)



Heide, Germany
Posted on Thursday, April 11, 2024

Job Description

We are looking for a skilled and detail-orientated (Senior) Project Cost Engineer for our Factory Program in Northern Germany. The factory will be built in multiple phases over 5+ years and the factory represents a multi-billion Euro investment project. As the (Senior) Project Cost Engineer, you will be responsible for managing and controlling the financial aspects of our major capital project in Germany.
Your expertise in cost engineering, budgeting, forecasting, and financial analysis will be pivotal in keeping the project on track and within budget. Collaboration with project teams, stakeholders, and suppliers is essential to ensure accurate financial reporting and cost control.

Key responsibilities include but are not limited to:

Cost Planning and Budgeting:
• Develop and maintain comprehensive TIC project cost estimates, budgets, and forecasts.
• Collaborate with project managers and engineers to identify cost drivers and ensure alignment with project objectives.

Cost Control:
• Implement effective cost control measures to monitor and track project expenses and prevent cost overruns and ensure project objectives are met.
• Analyse project cost trends, identify potential issues and provide recommendations for cost optimization.
• Work with project teams to develop cost-reduction strategies and implement cost-saving initiatives.

Financial Reporting:
• Prepare regular financial reports, including cost reports, cash flow projections, and cost-to-complete analysis.
• Present financial data to project stakeholders and senior management, highlighting key cost-related insights and risks.
• Ensure compliance with accounting standards and project reporting requirements.

Vendor and Supplier Management:
• Collaborate with procurement and contract management teams to evaluate supplier proposals and negotiate contracts.
• Monitor vendor performance and adherence to contract terms, ensuring cost-effectiveness and quality.
• Review invoices and payments to suppliers, verify accuracy and resolve discrepancies.

Risk Management:
• Identify potential financial risks and uncertainties related to the project's cost structure.
• Develop risk mitigation strategies and contingency plans to address potential cost-related challenges.
• Maintain a risk register and ensure proactive risk management.

The person we are looking for is driven, caring and structured. You have excellent analytical skills with the ability to interpret complex financial data. You are used to a fast-paced work environment and have good time management skills. Qualities that we cherish are flexibility, a sense of quality, friendliness, motivation to take on new challenges, grit, and a sense of humour.

Northvolt is an equal-opportunity employer. We're a diverse group of individuals, united by a common mission, who recognise that while our actions as individuals have a role to play in driving Northvolt towards its goals, we always seek to move forward as a team. We offer you an open and welcoming atmosphere where we win as a team – and fail as a team. Northvolt is growing at the speed of light and we are a strong believer in internal career development.

Apply with a CV in English or your complete LinkedIn profile.

Full-time employment, fixed salary.
Planned starting date is ASAP.