Cost Engineer

Stellantis Financial Services; Auburn Hills (MI); On-site; USD 90,000 - 130,000; Full time

Job summary

Stellantis Financial Services seeks a Cost Engineer to develop component cost estimates using activity-based costing across multiple vehicle components. You will collaborate with global engineering, purchasing, finance and supplier teams to ensure transparent, competitive cost structures from concept to production.

Responsibilities include early-phase estimates, should-cost calculations, and supporting supplier negotiations to achieve cost targets.

Qualifications

• Bachelor’s degree in Engineering, Business or a related field.
• Strong English verbal and written skills.
• Ability to manage a high volume of parts and varying levels of complexity.
• Proficiency with Microsoft PowerPoint, Excel, and Word.
• Ability to work effectively across multiple levels of the organization, functions, and global regions.
• Bachelor’s degree in Mechanical, Electrical, Manufacturing or Industrial Engineering.
• Experience in the automotive industry, advanced manufacturing or related industries.
• Familiarity with cost model structures and activity‑based costing for component development.
• Experience in within one or multiple areas: Design Responsible Engineering, Manufacturing, Component Tool development, or Component Purchasing.

Responsibilities

• Develop component cost estimates for new programs.
• Detailed “should‑cost” calculations using a bottom‑up manufacturing approach.
• Provide cost guidance during vehicle development to help achieve cost targets (Design‑to‑Cost).
• Support purchasing during supplier negotiations by completing gap analyses of supplier cost breakdowns (Piece Price, ED&D, Tooling).
• Contribute to benchmarking and value optimization activities, including serial life should-cost assessments.
• Collaborate closely within internal global team, Engineering, Buyers, and Suppliers.
• Provide global cost comparison analysis in partnership with the broader Cost Engineering community.

Skills

English communication

Cross-functional collaboration

Analytical reasoning

Education

Bachelor’s degree in Engineering

Bachelor’s degree in Mechanical/Electrical/Manufacturing or Industrial Engineering

Tools

Microsoft PowerPoint

Microsoft Excel

Microsoft Word

Job description

The Cost Engineerroledevelops detailed cost estimates for components and tooling using an activity‑based costing approach. This role works directly with bills of material, drawings, and physical samples to understand how parts are made and to estimate the associatedcomponent,manufacturing,and investment costs.

In this position, you will use established Stellantis methods and processes to analyze costs, provide guidance to internal teams, and support cost convergence activities. You will collaborate with global engineering,purchasing, finance, and supplier teams to ensure competitive and transparent cost structures from early concept through serial production.

Multiple roles are being fulfilled within this job posting- for allcomponentscopes within the vehicle structure(Body, Interior, Chassis, Engine Adaptation, Electrical Components and Systems, Powertrain). Position fulfillmenttoutilizeapplicant backgroundand experience as paired to internal role needs.Organization Success in this role requires curiosity, agility, and a collaborative mindset within a fast‑paced, global environment.

Key Deliverables:

Developcomponentcost estimates fornew programs, including:

• Early‑phase cost engineering estimates
• Detailed “should‑cost” calculations using a bottom‑up manufacturing approach
• Provideidea generationandcostsupport during vehicle development to help achieve cost targets (Design‑to‑Cost)
• Supportpurchasingduring supplier negotiations by completing gap analyses of supplier cost breakdowns(Piece Price, ED&D, Tooling)
• Contribute to benchmarking and value optimization activities, including serial life should‑cost assessments
• Collaborate closely withinternal global team,Engineering, Buyers,andSuppliers
• Provide global cost comparison analysis in partnership with the broader Cost Engineering community

Basic Qualifications:

• Bachelor’s degree in Engineering, Businessor a related field
• Strong English verbal and written skills to support rolejob key deliverables
• Ability to manage a high volume of parts and varying levels of complexity
• Proficiencywith Microsoft PowerPoint, Excel, and Word
• Ability to work effectively across multiple levels of the organization, functions, and global regions

Preferred Qualifications:

• Bachelor’s degree inMechanical, Electrical, Manufacturingor Industrial Engineering
• Experience in the automotive industry, advanced manufacturing or related industries
• Familiarity with cost model structures and activity‑based costing forcomponentdevelopment
• Experience inwithin one or multiple areas:Design Responsible Engineering, Manufacturing,ComponentTool development,orComponent Purchasing