Cost Engineer

Position Overview:

The Cost Engineer - Value Engineering will be responsible for identifying cost-saving opportunities, enhancing product value, and optimizing manufacturing processes through detailed cost analysis and engineering support.

This role will collaborate with cross-functional teams including engineering, manufacturing, procurement, and finance to ensure cost-effective product development without compromising on quality or performance.

Essential Job Functions and Accountabilities:


* Conduct detailed cost analysis of components, assemblies, and systems to identify cost reduction opportunities.


* Support value engineering initiatives by evaluating product designs for functionality, manufacturability, and material usage.


* Collaborate with engineering and procurement to source alternative materials or components with cost or performance benefits.


* Develop and maintain cost models and databases for standard parts and processes.


* Provide cost estimates during product development stages to guide design and sourcing decisions.


* Participate in design reviews and lead cost-related discussions with cross-functional teams.


* Analyze production processes and suggest improvements to reduce waste and improve efficiency.


* Prepare reports and presentations to communicate findings and recommendations to stakeholders.


* Ensure compliance with internal standards and cost objectives throughout the product lifecycle

Preferred Qualifications:


* Bachelor's degree in Engineering (Mechanical, Industrial, or related field); Master's degree is a plus.


* 3-5 years of experience in cost engineering, value analysis, or related roles in a manufacturing environment.


* Strong understanding of cost structures, product design, and manufacturing processes.


* Proficient in cost estimation tools and methodologies.


* Solid analytical, problem-solving, and project management skills.


* Experience with CAD software and ERP systems (Syteline experience is a plus).


* Excellent communication and collaboration skills

Travel Requirements


* Ability to travel up to 10 percent of the time

Physical Demands

The physical demands described here are representative of those that must be met by an employee to successfully perform the essential functions of this job.

While performing the duties of this job, the employee is regularly required to talk or hear.

The employee frequently is required to stand; walk; use hands to finger, handle or feel; and reach with hands and arms.

While performing the duties of this job, the employee is regularly required to talk and hear.

What You Can Expect from Us Our goal is to provide employees and their families with a comprehensive and competitive benefits package.

Our benefits include Health Insurance, Health Savings/Flexible Spending Accounts, Dental Insurance, Vision Insurance, Life Insurance/Accidental Death & Dismemberment, Short-Term/Long-Term Disability...