Job Description

Req#: 5001112678206

Regular/Temporary

Regular

Salaried/Hourly

Salaried

Job Description

Position Summary:

The Cost Engineer will provide cost expertise for the xEV Business Unit (BU) to support the achievement of optimal cost targets. This role involves collecting engineering requirements and providing cost estimates along with suitable suppliers for new parts and developments. Additionally, the Cost Engineer will implement a cost database to reference cost models across similar products and will be responsible for mastering cost data to optimize cost models effectively. This role is crucial in ensuring that the company maintains competitive pricing while delivering high-quality xEV products. This is a key player in balancing cost management with innovation in product development, directly contributing to the profitability and success of the business unit.

Position Duties and Responsibilities	Time Spent
Based on requests and information coming from DE, Purchasing, or BU, provide Should Cost of the component or product.	50%
Calculate/analyze Should Cost: -For awarding support by sharing achievable cost. -For negotiation supports by sharing should cost based. -Conduct tear down and summarize findings into report. -Supplier production line improvement on demand.	15%
Update database with latest manufacturing cost including raw material, labor etc.	10%
Co-lead the VEC activities with BU purchasing team from preparing parts to scheduling with suppliers	10%
Conduct the benchmarking (BMC) for the VEC (structure, weight, material etc.) and prepare summaries for the workshops.	10%
Create and update templates for benchmarking	5%

Requirements

Minimum Qualifications (Education, Experience, and Skills):

Bachelor/master’s degree in engineering, Business studies or equivalent
At least 5 years of experience in purchasing / commercial environment in industrial context

Preferred Qualifications (Education, Experience, and Skills):

Minimum 1 Year Experience in Cost Analysis
Minimum 3 Years Experience in Manufacturing

Skills and Abilities:

Corporate finance skills
Cost Engineering skills
Ability to work cross-functionally and
Collaboration & Teamwork
High Accountability
Project Management
Analytical & Problem Solving
Communication & Presentation

Supervisory Responsibilities:

None

Software:

Microsoft Office Suite
SAP

Essential to Job Functions – Physical and/or Mental Restrictions:

Ability to work for extended periods of time while sitting
Standing, walking, and bending for the duration of the workday
Ability to lift and/or move up to twenty-five pounds
Visual ability to work accurately with detailed information and a computer screen
Full motor skills