Cost Engineer

Mettler-Toledo International Inc.; Manchester; Hybrid; GBP 40,000 - 60,000; Full time

Job summary

A leading company in precision instruments is seeking a motivated Cost Engineer to enhance product profitability by leading cost analysis and improvement projects. This role involves collaborating with teams, analyzing financial data, and identifying cost-saving initiatives, offering an engaging environment for those who enjoy teamwork and detailed analysis.

Benefits

Competitive salary

Annual bonus scheme

Hybrid working

Early finish on Fridays

26 days holiday plus public holidays

Enhanced maternity and paternity leave

Holiday accrual scheme

4x salary life assurance

24/7 Employee Assistance Programme

Opportunities for training and development

Qualifications

• Proven experience as a Cost Engineer or similar role.
• Experience in manufacturing or technical organizations.
• Ideally qualified to degree level.

Responsibilities

• Lead cost analysis and improvement projects.
• Monitor product portfolio profit margins.
• Drive teamwork to find and implement cost-saving ideas.

Skills

Analytical skills

Financial analysis

Operational analysis

Education

Degree in Engineering or related fields

Tools

SAP

MS Excel

Job description

Our Opening and Your Responsibilities

We are seeking a motivated and skilled Cost Engineerto join METTLER TOLEDO Safeline, ourMetal Detection Strategic Business Unit based in Manchester.

In this role, you will lead cost analysis and improvement projects to enhance product profitability. You'll analyse financial and production data, monitor product costs, identify cost variances, and drive cost-saving initiatives across teams. You will also collaborate on new product cost estimations and lead continuous improvement in cost engineering processes.

This role is perfect for someone who enjoys detailed analysis, teamwork, and leading improvements to maximise profitability.

What You'll Do:

• Monitor and report on product portfolio profit margins.
• Collect and analyse financial and production data to understand product profitability.
• Understand and review detailed product cost structures.
• Identify cost anomalies and investigate variances monthly.
• Track historical and target costs for all products.
• Prepare regular and strategic reports to align teams.
• Maintain dashboards and collaborate with business teams.
• Manage cost targets for all products and lead investigations when costs exceed set limits.
• Drive teamwork to find and implement cost-saving ideas.
• Analyse causes of cost changes due to operations or materials.
• Oversee corrective actions and ensure issues are resolved.
• Audit data processes to ensure accuracy.
• Work with Product Management on costing for new products.
• Lead the development of cost and value engineering best practices to improve processes continuously.

What You Need to Succeed

• Proven experience as a Cost Engineer, Cost Analyst, Cost Specialist or similar role
• Experience in data, operational and financial analysis
• Experience within a manufacturing, engineering, or technical organisation
• Experience working within a Standard Cost environment and showing an understanding of Manufacturing Variance
• Strong analytical skills
• Extensive knowledge and experience of SAP
• Excellent working knowledge and skill within MS Excel application
• Ideally qualified to degree level

Our Offer to You

• Competitive salary
• Annual bonus scheme
• Hybrid working
• Early finish on Fridays
• 26 days holiday plus public holidays
• Enhanced maternity and paternity leave
• Holiday accrual scheme (earn up to 8 extra days holiday per year)
• 4x salary life assurance
• 24/7 access to free and confidential Employee Assistance Programme to support mental health and wellbeing
• Company social events
• Opportunities for training and development

About Mettler Toledo

METTLER TOLEDO is a global leader in precision instruments and services. We are renowned for innovation and quality across laboratory, process analytics, industrial, product inspection, and retailing applications. Our sales and service network is one of the most extensive in the industry. Our products are sold in more than 140 countries, and we have a direct presence in approximately 40 countries. For more information, please visit www.mt.com.

Equal Opportunity Employment

We promote equal opportunity worldwide and value diversity in our global workforce, which reflects the diversity in the many countries in which we operate internationally. Our commitment to Equal Opportunity and Diversity begins with our recruitment and selection process. We will ensure that individuals with disabilities are provided reasonable adjustments to participate in the job application or interview process. If you consider yourself to have a disability or learning difficulty which means you are unable to complete the application process online, please get in touch by email to [e-mail] so that we can make alternative arrangements for you. For more information on our commitment to Sustainability, Diversity and Equal Opportunity please visit us here.