Product Costing Manager

EDGE Group PJSC; Abu Dhabi; On-site; AED 250,000 - 350,000; Full time

Job summary

A leading company in the Defense & Aerospace sector is seeking a Product Costing Manager to spearhead cost optimization efforts. The ideal candidate will develop strategies, lead a team, and collaborate with various departments to achieve significant cost savings while ensuring product quality. This role requires extensive experience in product cost analysis and strong leadership capabilities.

Qualifications

• 15+ years of experience in product cost analysis, preferably in Defense & Aerospace.
• Experience with Lean Manufacturing or Six Sigma methodologies.

Responsibilities

• Develop and implement product cost reduction strategies.
• Lead workshops for Value Engineering and Value Analysis.
• Manage supplier relationships focused on cost optimization.

Skills

Leadership

Analytical Skills

Problem Solving

Strategic Thinking

Education

Bachelor's or Master's degree in Engineering

Job description

Job Title: Product Costing Manager

We are seeking a strategic and experienced Product Costing Manager to lead our efforts in reducing the cost of our products throughout their lifecycle. In this role, you will be responsible for developing and executing the overall product cost optimization strategy, managing a team of specialists, and collaborating with function heads across various departments to drive significant cost savings while maintaining or improving product quality and performance.

Key Responsibilities:

1. Cost Reduction Strategy Development: Define, develop, and implement innovative product cost reduction strategies and initiatives, considering approaches such as design changes, material substitutions, manufacturing process improvements, and supply chain optimization aligned with company goals and financial targets. Identify long-term cost reduction opportunities and prioritize initiatives.
2. Advanced Cost Analysis and Modeling: Provide guidance and conduct complex cost analysis and modeling. Ensure the accuracy and effectiveness of cost models and forecasts. Identify key cost drivers and areas for potential optimization.
3. Value Engineering (VE) / Value Analysis (VA): Lead workshops to identify unnecessary costs without sacrificing functionality, quality, or reliability.
4. Cross-Functional Collaboration: Act as a liaison between the Product Costing Team and other departments, including Engineering Solutions, Commercial Planning, Procurement, and Manufacturing. Drive collaboration and gain buy-in for initiatives.
5. Supplier Relationship Management (Strategic): Work with Procurement to develop strategic supplier relationships focused on cost optimization. Explore innovative sourcing strategies.
6. Performance Reporting and Communication: Develop plans for approved initiatives. Present reports on cost performance, achievements, and future opportunities to senior management. Communicate the team's impact.
7. Team Leadership and Management: Lead, mentor, and develop the Product Costing team. Foster a collaborative, high-performance environment.
8. Risk Management: Assess and mitigate risks associated with cost initiatives, considering long-term product viability and supply chain resilience.
9. Process Improvement: Continuously evaluate and enhance cost optimization processes and methodologies, leveraging new technologies and best practices.

Qualifications:

• Bachelor's or Master's degree in Engineering (Mechanical, Aeronautical, Electrical, Industrial, etc.)
• 15+ years of experience in product cost analysis, cost engineering, or related fields within manufacturing, preferably in Defense & Aerospace Industry, with at least 2 years in management.
• Experience with Lean Manufacturing or Six Sigma methodologies.
• Proven success in leading complex cost reduction initiatives with significant financial impact.
• Strong understanding of manufacturing processes, BOM structures, supply chain, and financial principles related to product cost.
• Excellent leadership, team management, and mentoring skills.
• Exceptional analytical and problem-solving skills, with strategic thinking and data-driven decision-making.