Cost Engineer

Venteon; Detroit (MI); On-site; USD 80,000 - 100,000; Full time

Job summary

A leading manufacturing firm is looking for a Purchasing Cost Engineer in Detroit, MI. The role focuses on cost estimation activities, requiring 5+ years of experience in building cost models for mechanical and electronic components. Key responsibilities include identifying cost savings, leading RFQ submissions, and collaborating with engineering teams. An MBA is a plus. Interested candidates should apply by emailing their resume.

Qualifications

• 5+ years of experience as a Cost Engineer in a manufacturing environment.
• Experience in preparing and presenting cost reports to Senior Management.
• Expertise with RFQ processes and benchmarking costs.

Responsibilities

• Build and maintain component cost model for mechanical and electrical components.
• Identify cost savings opportunities through analysis of cost drivers.
• Collaborate with Engineering, Manufacturing, and Quality on product designs.

Skills

Building cost models

Cost savings negotiations

Cross-functional collaboration

Data analysis

Education

Bachelor Degree in Business, Finance, Purchasing, Supply Chain Mgmt, Engineering or related

MBA or advanced degree

Job description

5 plus years of experience as a Cost Engineer in a manufacturing environment

Venteon Finance is currently seeking a Purchasing Cost Engineer for a leading manufacturing company located in the Detroit, MI area. The Purchasing Cost Engineer is responsible for leading and owning cost estimation activities across all programs, with periodic support of sourcing activities and a strong focus on electronic component cost analysis. This role serves as the functional owner and subject matter leader responsible for building and maintaining a cost model for purchased components, related tooling, and raw materials.

Requirements of the Purchasing Cost Engineer

• Bachelor Degree in Business, Finance, Purchasing, Supply Chain Mgmt, Engineering or related business emphasis
• MBA or advanced degree is a plus
• 5+ years of experience in building and maintaining purchased component & tooling cost models for mechanical and electronic components.
• 5+ years in a manufacturing environment (preferred)
• Experience in identifying and supporting cost savings negotiations
• Experience preparing and presenting cost reports & analysis to Senior Management levels
• Expertise with RFQ processes and benchmarking costs
• Experience working cross functionally with Product Engineering, Finance, Supply Chain, Purchasing and Manufacturing to validate supplier costs
• Experience in areas similar to ADAS, EV/HEV, HUD’s
• Experience coordinating with project management

Responsibilities of the Purchasing Cost Engineer

• Building and maintaining component cost model for mechanical and electrical components as well as component tooling.
• Identify cost savings opportunities within purchased commodities by proactively analyzing cost drivers and partnering with the Commodity Buyer team to achieve cost reductions.
• Serve as the lead for all TCO submissions for purchased components across all customer RFQ.
• Collaborate with Engineering, Manufacturing and Quality on new product designs, and investigate new technical partners as needed for support development with a strong focus on early supplier involvement for new products and customer quotes.
• Support the Commodity Buyer team for sourcing activities on new awarded programs.
• Monitor raw material and component industry trends for early detection of cost opportunities and risks.

If you are a high performer and would like to work for an equally high performing company and you think the above opportunity is appropriate for you, we invite you to apply to this job and email your resume to [e-mail].