Costing Engineer

Job Title

Job Description & Skill Requirement:

• Provide guidance to Designers/Design Engineers for proposed new or modified designs to achieve required function at minimum cost.
• Apply design for assembly (DFA) and design for manufacturing (DFM) tools to analyze proposed new designs and propose potential improvements.
• Work with engineering on a Design to Target approach in early product development planning.
• Develop cost targets for mechanical engine parts (Castings, Stamped parts, Extrusions, and injection molded) based on information ranging from sample parts, CAD models, and engineering drawings.
• Develop cost targets for electrical engine parts (Harness, PCB, PCB assemblies, DC motors, Batteries) based on information ranging from schematics, CAD models, and engineering drawings.
• Provide should-cost analysis reports to procurement team for supplier negotiation purposes.
• Do competitive benchmarking/teardown analysis and develop should-cost models.
• Participate in value analysis (VA) and value engineering (VE) activities and generate cost reduction ideas on current production products.
• Present project cost updates along with risks and opportunities to higher management on monthly basis.
• Be a resource of cost information on assigned projects for the entire organization (upper management, marketing, sales, engineering, financial, manufacturing, etc).
• Provide the organization with monthly cost reports and cost tracking of current product.

Required Qualifications:

• Bachelor's degree in mechanical, Manufacturing, Industrial or Electrical Engineering.
• 7–10 years of industry experience.
• Proficient in BDI (Boothroyd Dewhurst Inc), A-priori or related costing software.
• Ability to read and understand manufacturing drawings.
• Working knowledge of a Bill of Material, its development and application.
• Practical knowledge of VA/VE techniques and strong financial awareness.
• Functional understanding of 3D CAD software (Creo Preferred).
• Proficient in Microsoft Office.
• Travel up to 10%.

Preferred Qualifications:

• In-depth knowledge of Manufacturing processes (Casting, Stamping, Injection molding, extrusion, PCBA) and compatible materials.
• Lean Six Sigma Green Belt Preferred.