Job Opportunity for Cost Engineer Role

Job Title: Cost Engineer

Reports To: Cost Engineering Manager

Function: Purchasing

Position Focus:The Cost Engineer is a critical role in the global cost engineering organization will provide support to global purchasing and finance teams. The cost engineer will develop cost models for automotive components-based cost accounting principles and assist purchasing in sourcing negotiations based on factual data.

Scope:Requires limited supervision and a thorough knowledge of activity based clean sheet costing in the automotive/electrical systems industry. Any cost engineering experience in the automotive OEMs or TIER 1s is a big plus.

Education: BE/B Tech (Mechanical/Electronics/ Electrical) required. MBA or Masters in an engineering field preferred. Experience: Requires 6+ years cost modeling, cost engineering and/or purchasing experience with a working knowledge of activity-based costing principles.

Position Specific Requirements:

• Understanding of activity-based costing principles in manufacturing
• Ability to analyze production steps and costs in supplier manufacturing facilities
• Knowledge of automotive manufacturing processes Metal Stamping, Fabrications, Plastic Injection Moulding etc..
• Ability to work in a cross functional environment incl. purchasing, engineering. finance and manufacturing.
• Ability to explain gaps between should costs and supplier pricing based on factual data
• High level of independent judgment, initiative, creativity, and the managing multiple projects
• Key competencies for success in position include:

- Problem solving and analytical thinking - Priority setting and time management - Action oriented / produces results

• Effective communication, presentation and interpersonal skills required to communicate with a global team in a timely manner.