Cost Engineer

Siemens Energy; Lincoln; On-site; GBP 60,000 - 80,000; Full time

Benefits offered by this job

26 days holiday

Private medical cover

Cycle-to-work

Job summary

Siemens Energy in the United Kingdom is seeking a Cost Engineer for Machined Parts within the Gas Turbine portfolio. You will apply cost engineering and value analysis to influence design and procurement decisions, driving should-cost targets and cost-out opportunities.

Engage with Engineering, Procurement and Manufacturing teams, travel to supplier sites as needed, and develop cost transparency using TcPCM, aPriori and other tools to support competitive bidding and cost reductions.

Qualifications

• Engineering degree or equivalent practical experience in Cost Engineering.
• Strong should-costing, cost modelling experience.
• Familiarity with machining, turning, forging, casting, fabrication, coating, welding or additive manufacturing is beneficial.

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 and CBD.
• Perform should-cost analysis of components and challenge supplier quotations, providing Procurement with robust cost insight to support negotiations and sourcing decisions.
• Support target costing and Design-to-Cost activities by combining customer requirements, competitor insights and manufacturing considerations to establish achievable cost targets.
• Identify and deliver cost-out opportunities through cross-functional workshops and manufacturing efficiency improvements across the portfolio.
• Work within the global Cost and Value Engineering network, tracking measures and savings and presenting cost analysis to stakeholders.

Skills

Should-costing

Cost modelling

Data analysis

Excel proficiency

Cross-functional communication

English fluency

Education

Engineering degree

Tools

TcPCM

aPriori

NX

Job description

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:

https://www.siemens-energy.com/employeevideo

Our Commitment to Diversity

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.

Rewards/Benefits

• 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.
• A class-leading adjustable pension scheme.
• 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.