Product Cost Manager II

Job Title

Product Cost Manager II

Working as a member of the product management team the product cost manager will help with product cost management for locomotive products, including existing products, new product development and locomotive proposals. Partnering with multiple functions (engineering, supply chain, finance, sourcing, product management) to drive the completion of cost out projects. Support cost analysis for proposal activity.

Progress Rail stands at the intersection of legacy and innovation-driving the future of rail with a pioneering spirit. Since its founding in 1983, the company has grown to become one of the world's largest and most trusted providers of railroad products, services, and technologies. Today, Progress Rail delivers a comprehensive portfolio of cost‑effective solutions to railway customers around the globe. From the rails themselves to the EMD® locomotives that ride them, the company's products are in operation across more than 100 countries‑powering progress and connecting communities.

In 2006, Progress Rail joined Caterpillar Inc., further strengthening its ability to lead the rail industry with cutting‑edge technology, unmatched expertise, and a commitment to excellence. At Progress Rail, the team is not just building the future of rail—they are making history every day.

College degree (BA/BS)

• Prepare comprehensive cost analysis reports for multiple locomotive projects.
• Collaborate with other departments to gather cost data, track cost out project execution, review milestones with key stakeholders, and elevate as needed.
• Support product inquiry team, providing cost out estimates.
• Assess cost implications of product changes to production and aftermarket.
• Track copper and steel fluctuation.

• Contribute to proposal analysis, identifying cost gaps and cost out opportunities.
• Serve as a change agent by challenging status quo and supporting continuous improvement.
• Track impact of commodity fluctuations to product cost.

• College degree (BA/BS).
• 3-5 years of rail experience.
• Project, Product, Cost Management or Manufacturing experience.
• Proven ability to interact effectively with all levels of the organization.
• Strong collaborative, interpersonal and communication skills to effectively work across multiple functions.
• Demonstrated problem‑solving skills to solve common problems.
• Demonstrated understanding of manufacturing and operations standard processes and basic product knowledge.

• Locomotive product knowledge.
• Previous experience in a Program/ Project/Product Management role.
• Previous experience in OEM manufacturing or engineering design.

• Strength – Position typically involves office managerial work as well as oversight in an industrial environment. Frequently standing, sitting, and walking. Occasional light to medium‑level lifting (up to 30 pounds).
• Motion – Position regularly requires standard motions associated with an office environment as well as standard motions associated with leading and demonstrating in an industrial environment.
• Vision/Hearing Requirements – Constant verbal communications, including both talking and hearing.
• Work Environment – Position will occasionally require the use of Personal Protective Equipment. Position may involve work in a non‑temperature‑controlled environment. Position is in an industrial.

Progress Rail is an Equal Opportunity Employer, including Veterans and Individuals with Disabilities.

• Competitive Salary
• 401(k) plan with up to 6% company match (no waiting period with immediate vesting)
• Medical/Dental/Vision/Life/Disability Insurance
• Supplemental Accident, Critical Care, and Hospital Insurance available along with an HDHP and HSA with seed money
• Flexible Spending Accounts
• Paid Vacation
• Paid Holidays
• Paid Time-Off (PTO)
• Employee Assistance Plan
• Education Assistance Program
• Employee Recognition Programs
• Site specific Production and Incentive Plans
• Site specific Step and Skill Level Wage Adjustment Plans
• Site Specific Relocation and Sign‑on Bonus Programs

Benefits eligibility varies by job position, full‑time/part‑time and regular/temporary status. The provisions of the plan documents control such benefits.

Subject to position, eligibility, and plan guidelines.

Marketing, Sales and Service

Illinois

$77,069.75 - $