Senior Product Cost Engineer

Meriden Media; Clevedon; Hybrid; GBP 46,800 - 57,200; Full time

Benefits offered by this job

Up to 7.5% annual bonus

Up to 8% employer pension contribution

Life assurance

Health cash plan

Wellbeing programme

Discounted gym memberships

25 days holiday plus bank holidays

Free parking

Job summary

Meriden Media in Clevedon, North Somerset, seeks a Senior Product Cost Engineer to drive cost reduction across products and components. This hands-on role collaborates with Engineering, Manufacturing, Supply Chain and suppliers to identify opportunities and implement engineering changes.

You will deliver design improvements, validate components, and manage risks while maintaining safety, quality and compliance. Hybrid working arrangement and opportunities to influence cost outcomes are offered.

Qualifications

• Degree in Mechanical, Electrical or related Engineering field.
• Experience delivering engineering design changes in manufacturing/product development.
• Experience implementing value engineering or cost reduction projects.
• Strong understanding of mechanical/electrical components and tolerances.

Responsibilities

• Identify and deliver engineering changes that reduce product and component costs.
• Lead value engineering initiatives across assemblies.
• Create and maintain CAD models, drawings, specs and Bills of Materials.
• Design, modify and release engineering changes to improve cost and manufacturability.
• Validate alternative components through testing and trials.
• Collaborate with Manufacturing and suppliers to implement changes.
• Manage engineering risks while maintaining reliability and compliance.
• Support continuous improvement across engineering and manufacturing teams.

Skills

Cost engineering

Value engineering

Mechanical design

CAD & BOMs

Cost reduction

Stakeholder management

Quality & compliance

Team collaboration

Education

Mechanical or Electrical Engineering degree

Tools

CAD software

Engineering change control

Job description

Job Details

Senior Product Cost Engineer

Location: Clevedon, North Somerset

Salary: Up to £52,000 per annum + Bonus

Job Type: Full-time, Permanent

Working Pattern: Hybrid

Benefits

• Up to 7.5% annual bonus
• Up to 8% employer pension contribution
• Life assurance
• Health cash plan
• Wellbeing programme
• Discounted gym memberships
• 25 days holiday plus bank holidays
• Free parking & subsidised canteen

About the Role

We are seeking an experienced Senior Product Cost Engineer to drive cost reduction and value engineering improvements across advanced products and components.

This is a hands‑on engineering role focused on identifying cost‑saving opportunities, delivering design improvements, and implementing engineering changes while maintaining high standards of safety, quality, performance, and compliance.

Working closely with Engineering, Manufacturing, Supply Chain, Quality, and suppliers, you'll take ownership of cost reduction projects from concept through validation and production implementation.

Key Responsibilities

• Identify and deliver engineering changes that reduce product and component costs.
• Lead value engineering initiatives across mechanical and electrical assemblies.
• Create and maintain CAD models, drawings, specifications, and Bills of Materials.
• Design, modify, and release engineering changes to improve product cost and manufacturability.
• Validate alternative components through testing, trials, and analysis.
• Work with Manufacturing and suppliers to successfully implement engineering changes.
• Manage engineering risks while maintaining product reliability, quality, and compliance.
• Support continuous improvement and best practice across engineering and manufacturing teams.

About You

We’re looking for an experienced Product Cost, Value Engineering, or Mechanical Design Engineer with a strong background in delivering practical engineering improvements.

• Degree or equivalent qualification in Mechanical, Electrical, or a related Engineering discipline.
• Experience delivering engineering design changes within a manufacturing or product development environment.
• Experience implementing value engineering or cost reduction projects.
• Strong understanding of mechanical and/or electrical components.
• Experience producing CAD models, drawings, specifications, and Bills of Materials.
• Knowledge of manufacturing processes, materials, tolerances, and supplier capabilities.
• Experience validating engineering changes through testing and trials.
• Strong understanding of engineering risk, quality, and compliance.
• Excellent communication and stakeholder management skills.
• Ability to work effectively with Engineering, Manufacturing, Supply Chain, Quality, and suppliers.

Location

This is a hybrid role based in Clevedon, North Somerset, working closely with engineering teams and suppliers to deliver cost reduction and product improvement initiatives.