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Cost Engineer

Job in Greenfield, Hancock County, Indiana, 46140, USA
Listing for: Astemo Ltd.
Full Time position
Listed on 2025-12-25
Job specializations:
  • Engineering
    Manufacturing Engineer
Salary/Wage Range or Industry Benchmark: 80000 - 100000 USD Yearly USD 80000.00 100000.00 YEAR
Job Description & How to Apply Below

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.

Position

Duties and Responsibilities
  • 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%
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
  • Ability to work cross-functionally and globally.
  • High Accountability
  • Project Management
  • Analytical & Problem Solving
  • Communication & Presentation
Supervisory Responsibilities
  • None
Software
  • Microsoft Office Suite
  • SAP
Seniority level
  • Associate
Employment type
  • Full-time
Job function
  • Accounting/Auditing and Engineering
Industries
  • Motor Vehicle Manufacturing
Benefits
  • Medical insurance
  • Vision insurance
  • 401(k)
  • Tuition assistance
  • Disability insurance

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