Cost Engineer

Siemens Gas and Power GmbH & Co. KG; Lincoln; On-site; GBP 50,000 - 70,000; Full time

Benefits offered by this job

26 days holiday

Private medical cover

Cycle-to-work schemes

Career development

Exposure to advanced manufacturing

Job summary

Siemens Energy Ltd. in the United Kingdom is seeking a professional Cost Engineer for Machined Parts within the Gas Services portfolio.

You will lead cost and value engineering across Machined Parts and collaborate with engineering, procurement, manufacturing and supplier teams to improve competitiveness and profitability of turbine components. You will develop should-cost models, challenge quotations and contribute to target costing, Design-to-Cost and cost-reduction initiatives, spanning

Qualifications

• A degree in Engineering is preferred, although equivalent practical experience within Cost Engineering, Manufacturing Engineering, Procurement Engineering or a related technical discipline will also be considered.
• Strong experience with should-costing, cost modelling or Cost and Value Engineering, with the ability to identify manufacturing cost drivers and translate technical information into credible cost estimates.
• Knowledge of engineered component manufacturing processes such as machining, turning, forging, casting, fabrication, coating, welding or additive manufacturing would be highly advantageous.
• Strong analytical capability and proficiency with Microsoft Excel and Office applications. Experience with TcPCM, aPriori, NX or similar engineering and cost-modelling tools would be advantageous.
• Strong communication and interpersonal skills, with the confidence to work cross-functionally and engage with external suppliers. Experience supporting supplier negotiations, sourcing activities or project management would be beneficial.
• Fluency in English and experience collaborating across cultures and international teams, with the flexibility to travel to suppliers and production facilities when required.

Responsibilities

• Lead cost and value engineering initiatives for Machined Parts across Small, Medium and Aero-derivative Gas Turbines, embedding cost and value optimisation into core business and product development processes.
• Build detailed cost transparency through should-cost modelling and analysis, using manufacturing knowledge and tools such as TcPCM, aPriori, MLPP and CBD.
• Perform should-cost analysis of components and challenge supplier quotations, providing Procurement with robust cost insight to support negotiations, supplier selection, sourcing decisions and Sourcing Boards.
• Support target costing and Design-to-Cost activities by combining customer requirements, competitor insights, technical capability and manufacturing considerations to establish achievable cost targets.
• Identify and deliver cost-out opportunities through cross-functional workshops, design-for-manufacturing activities, innovation initiatives and manufacturing efficiency improvements across the portfolio.
• Work within the global Cost and Value Engineering network, tracking measures and savings, supporting proposal teams and clearly presenting cost analysis, recommendations and opportunities to stakeholders and senior leadership.

Skills

Should-costing

Cost modelling

Value engineering

Excel

Cross-functional work

Education

Bachelor's degree in Engineering

Tools

TcPCM

aPriori

MLPP

Cost Breakdown (CBD)

Job description

\"We energize society\" by supporting our customers to make the transition to a more sustainable world, based on innovative technologies and our ability to turn ideas into reality. With nearly 100,000 employees around the world, we shape the energy systems of today and tomorrow.

United Kingdom of Great Britain and Northern Ireland

Lincolnshire

Lincoln

Company

Siemens Energy Industrial Turbomachinery Ltd.

Organization

Gas Services

Business Unit

Distributed

Full-time

Experience Level

Professional / Experienced

A Snapshot of Your Day

As a Cost Engineer for our Machined Parts commodity, you will play a key role in improving the competitiveness and profitability of components used across our Small, Medium and Aero-derivative Gas Turbine portfolio.

Using Cost and Value Engineering methodologies, you will build transparency around what engineered components should cost and identify the technical and commercial drivers behind those costs. You'll work across Engineering, Procurement, Manufacturing and our supplier network, analysing manufacturing processes, challenging supplier quotations and identifying opportunities to reduce cost without compromising quality or performance.

Your work will cover engineered components typically no larger than 500mm³, giving you exposure to a broad range of manufacturing technologies including machining, turning, forging, casting, fabrication, coating, welding and additive manufacturing.

How You’ll Make an Impact

• Lead Cost and Value Engineering initiatives for Machined Parts across Small, Medium and Aero-derivative Gas Turbines, embedding cost and value optimisation into core business and product development processes.


• Build detailed cost transparency through should-cost modelling and analysis, using manufacturing knowledge and tools such as Teamcenter Product Cost Management (TcPCM), aPriori, Machine Learning Price Prediction (MLPP) and Cost Breakdown (CBD).


• Perform should-cost analysis of components and challenge supplier quotations, providing Procurement with robust cost insight to support negotiations, supplier selection, sourcing decisions and Sourcing Boards.


• Support target costing and Design-to-Cost activities by combining customer requirements, competitor insights, technical capability and manufacturing considerations to establish achievable cost targets.


• Identify and deliver cost-out opportunities through cross-functional workshops, design-for-manufacturing activities, innovation initiatives and manufacturing efficiency improvements across the portfolio.


• Work within the global Cost and Value Engineering network, tracking measures and savings, supporting proposal teams and clearly presenting cost analysis, recommendations and opportunities to stakeholders and senior leadership.

What You Bring

• A degree in Engineering is preferred, although equivalent practical experience within Cost Engineering, Manufacturing Engineering, Procurement Engineering or a related technical discipline will also be considered.


• Strong experience with should-costing, cost modelling or Cost and Value Engineering, with the ability to identify manufacturing cost drivers and translate technical information into credible cost estimates.


• Knowledge of engineered component manufacturing processes such as machining, turning, forging, casting, fabrication, coating, welding or additive manufacturing would be highly advantageous.


• Strong analytical capability and proficiency with Microsoft Excel and Office applications. Experience with TcPCM, aPriori, NX or similar engineering and cost-modelling tools would be advantageous.


• Strong communication and interpersonal skills, with the confidence to work cross-functionally and engage with external suppliers. Experience supporting supplier negotiations, sourcing activities or project management would be beneficial.


• Fluency in English and experience collaborating across cultures and international teams, with the flexibility to travel to suppliers and production facilities when required.

About the Team

Our Gas Services division offers low-emission power generation through service and decarbonization. We bring together gas turbines, steam turbines, generators and digital service solutions under one roof. Through modernization, digitalization and innovative service offerings, we support customers worldwide in improving reliability, efficiency and sustainability.

Within Cost and Value Engineering, we work across the product lifecycle to understand the relationship between technical design, manufacturing processes, customer value and cost. You'll collaborate with a global network of Engineering, Procurement, Manufacturing and Cost Engineering specialists to improve the competitiveness of our gas turbine portfolio.

Who is Siemens Energy?

At Siemens Energy, we are more than just an energy technology company. With ~100,000 dedicated employees in more than 90 countries, we develop the energy systems of the future, ensuring that the growing energy demand of the global community is met reliably and sustainably.

The technologies created in our research departments and factories drive the energy transition and provide the base for one sixth of the world's electricity generation.

Our global team is committed to making sustainable, reliable and affordable energy a reality by pushing the boundaries of what is possible. We uphold a 150-year legacy of innovation that encourages our search for people who will support our focus on decarbonization, new technologies and energy transformation.

Find out how you can make a difference at Siemens Energy:

Lucky for us, we are not all the same. Through diversity we generate power. We run on inclusion and our combined creative energy is fuelled by over 130 nationalities. Siemens Energy celebrates character, no matter what ethnic background, gender, age, religion, identity or disability. We energize society, all of society, and we do not discriminate based on our differences.

• 26 days holiday, increasing to 29 days with time served.


• Access to a flexible benefits portal, including private medical cover and cycle-to-work schemes.


• Career development and continuous learning opportunities.


• Exposure to a broad range of advanced manufacturing technologies and engineered gas turbine components.


• Opportunities to collaborate with global Engineering, Procurement, Manufacturing and supplier teams.