Value Engineering Lead – Electronics Cost Optimization

Philip Morris International; Hong Kong; On-site; HKD 900,000 - 1,200,000; Full time

Job summary

Philip Morris Asia Limited (PMAL) supports PMI's Electronic Product Development Center (ePDC) in Hong Kong and leads cost engineering initiatives across PMI's electronic product portfolio.

The role requires a Bachelor's degree and 8+ years in cost engineering, with strong analytical and cross-functional leadership skills. You will collaborate with Product Development, Engineering, Procurement and Finance to optimize costs and reporting.

Qualifications

• Bachelor's degree in a relevant discipline.
• 8+ years of experience in project management, cost engineering, manufacturing, operations, procurement, finance, or related field.
• Strong analytical skills in cost modelling and financial analysis.
• Proven ability to lead cross-functional projects in an international environment.
• Understanding of manufacturing processes and key cost drivers.
• Experience in electronics, plastics, consumer products, or contract manufacturing is a plus.
• Advanced Excel skills; Power BI/Tableau a plus.

Responsibilities

• Develop target cost models and cost estimates for electronic devices and components.
• Analyze processes and cost drivers to identify optimization opportunities.
• Conduct supplier benchmarking and market analysis to support cost reductions.
• Collaborate with Product Development, Engineering, Procurement, and Finance to evaluate new technologies and costs.
• Lead cost reporting and stakeholder management with Finance and Management teams.
• Track savings and support strategic decision-making.

Skills

Analytical thinking

Cross-functional leadership

Advanced Excel

Power BI

Tableau

English communication

Education

Bachelor's degree in Supply Chain, Operations, Engineering, Mathematics, Science, Economics, Finance, or related

Tools

Power BI

Tableau

Job description

Philip Morris Asia Limited (PMAL) supports PMI's Electronic Product Development Center (ePDC) in Hong Kong and leads cost engineering initiatives across PMI's electronic product portfolio.

The role requires a Bachelor's degree and 8+ years in cost engineering, with strong analytical and cross-functional leadership skills. You will collaborate with Product Development, Engineering, Procurement and Finance to optimize costs and reporting.