Cost Engineer

Applicants must be legally authorized to work in the United States. We are unable to sponsor or take over sponsorship of a school/employment or any other visa, regardless of expiration date, now or in the future.

The Toro Company is a homegrown, Minnesota-based company that has been in business since 1914. We pride ourselves on providing world-class equipment to help maintain the environment that we love, while putting an emphasis on giving back to the communities that surround us. From residential lawns and gardens to venues such as St Andrews Links and Target Field, we are a company with a global footprint and a passion for helping people beautify whatever landscape they may be in.

With 100 years of operation under our belt and a healthy tenure, come find out what makes The Toro Company the best place in the Twin Cities to build a career.

You will be responsible for supporting the business by developing, analyzing and documenting product cost estimates, budgeting, planning and monitoring key investments, and actively participating in new product development (NPD), design and cost improvement (DCI), maintenance, make vs. buy and other special projects to optimize the balance between cost, quality and time requirements.

• Offer sound cost information and options when design choices are made, including value engineering, design for manufacture and assembly (DFMA), in‑house and supplier capabilities, materials utilization and design alternatives for value optimization. Manage product cost to target projects with moderate complexity.
• Set the future cost estimate of the item when production is estimated to begin; use it for ROI calculations and decision making. Prepare supporting documentation (cost estimates) for project milestone review.
• Provide analyzed cost data to Division Engineering, Plant Engineering/Operations, Marketing, and Finance for project direction, product pricing, parts pricing, budgeting, and internal rate of return investment calculations for new and current products.
• Coordinate regular interaction with suppliers, strategic sourcing, advanced manufacturing engineers, manufacturing engineers, industrial engineers, design engineers and other resources to retain leading‑edge knowledge of processes available to The Toro Company.
• Provide leadership and guidance in the area of cost avoidance, cost reduction, and standardization.
• Provide cost estimating and pricing proposal development, understanding the cost estimating model and knowledge in development of product, labor, freight and assembly rates and their interconnectedness.
• Administer product costing models and standardized costing procedures.
• Full job description will be provided to final candidate at point of offer.

• Degree (B.A. or B.S.) in engineering/industrial technology discipline, finance or a related field.
• 3-5 years of experience in costing future products, product development or cost‑related positions.
• Experience in project management and strong organizational skills.
• Ability to read, comprehend and apply engineering specifications and blueprints.
• Moderate (growing) understanding of manufacturing processes, bills of materials, product structures.
• Knowledge of value engineering and DFMA principles.
• Strong analytical and problem‑solving skills.
• Curious learner, self‑starter with a continuous improvement mindset. Look for ways to streamline and improve processes.
• Strong written, verbal and interpersonal communication skills to team with and provide influential leadership to the business.
• Advanced Excel skills with knowledge of Outlook, PowerPoint and Word.

• Master’s degree
• SAP Experience
• Strong project management background
• Advanced Excel/data modeling skills
• Hands‑on experience with DFMA and value engineering
• Cross‑functional influence and business impact mindset

• Dress for your day – We know you’re more productive when you’re comfortable, which is why TTC employees are encouraged to take advantage of our casual, corporate environment.
• Location – Conveniently located near both St. Paul and Minneapolis, we are centrally located for most…