WHO ARE WE?
L&T Technology Services Limited (LTTS) is a global leader in Engineering and R&D (ER&D) services. With 719 patents filed for 57 of the Global Top 100 ER&D spenders, LTTS lives and breathes engineering. Our innovations speak for themselves – World’s 1st Autonomous Welding Robot, Solar ‘Connectivity’ Drone, and the Smartest Campus in the World, to name a few.
LTTS’ expertise in engineering design, product development, smart manufacturing, and digitalization touches every area of human lives - from the moment one wakes up till the time one goes to bed. With 69 Innovation and R&D design centres globally, we specialize in disruptive technology spaces such as 5G, Artificial Intelligence, Collaborative Robots, Digital Factory, and Autonomous Transport.
We are looking for someone with key skills and able to perform the following roles & responsibilities :-
Job title: Project Cost Control Engineer
Location: Schwalbach, Germany
Job Description:
The Project Cost Control Engineer will support project teams by managing procurement activities, controlling project costs, forecasting budgets, and ensuring accurate financial tracking throughout the project lifecycle. The role involves close collaboration with project managers, procurement teams, finance, and suppliers to ensure cost efficiency, compliance, and timely project delivery.
Key Responsibilities
1. General Procurement Support
• Prepare and manage Requests for Quotation (RFQs) for equipment and engineering services
• Support creation and processing of purchase requisitions and purchase orders
• Coordinate with procurement teams, buyers, and suppliers throughout the sourcing process
• Assist project managers during the Statement of Work (SOW) process
• Track Goods Receipt (GR), service entries, invoice verification, and resolve blocked invoices
2. Project Cost Control & Forecasting
• Prepare and manage payment forecasts, including:
• Capital-related expenses
• Capital forecasts
• Fixed Asset Disposal Orders (FADO)
• Capitalization forecasts
• Support program-level forecasts based on inputs from project planners
3. Allocation of Funds (AoF) & Change Management
• Support Allocation of Funds (AoF) activities, including:
• Updating WBS structures as per funding documents
• Tracking U&O dates
• Creating and maintaining meeting notes
• Uploading documentation via STEAM
4. Funding & Documentation Support
• Create cost estimates using XCE Tool / Twenty5
• Prepare and update Appropriation Request Letters (ARLs)
• Maintain project documentation on SharePoint
• Support stewardship reporting and internal control audits
• Collect and provide required documentation for internal audits
5. Project Governance & Weekly Reviews
• Conduct and support weekly project and finance review meetings
• Maintain agendas, meeting minutes, and follow up actions
6. Fixed Asset Management
• Analyze fixed asset registers
• Support execution of:
• Fixed Asset Disposal Orders (FADO)
• Fixed Asset Transfer Orders (FATO)
7. Project Close Out Activities
• Resolve GR IR imbalances during project closure
• Validate final cost estimates and reconciliations
Required Skills & Competencies
• Strong analytical and financial interpretation skills
• Excellent attention to detail and cost tracking accuracy
• Experience with large capital or construction projects (>€20M preferred)
• Strong communication and stakeholder management skills
• Proactive problem solving mindset for cost control opportunities
Technical Skills
• SAP (R/3), Project System (PS), Materials Management (MM)
• Cost estimating tools (XCE Tool, Twenty5)
• Project scheduling tools (Primavera, MS Project)
• MS Excel, Power BI, and cloud based cost management platforms
• Knowledge of procurement processes and P2P workflows
• Familiarity with HOAI services
Education & Certifications
• Bachelor's degree in engineering, Finance, or a related field
• 5–8 years of experience in project cost control or project management
• Preferred certifications:
• PMP (Project Management Professional)
• CCP (Certified Cost Professional)
Please apply with your CV, we are really looking forward to hear from you and have you #EngineeringTheChange together