Cost Engineer

Jakks Pacific Inc; Santa Monica (CA); On-site; USD 70,000 - 75,000; Full time

Benefits offered by this job

Health insurance

401K matching

Employee discount

Job summary

Jakks Pacific, Inc. is seeking a Cost Engineer for the Santa Monica office to influence product costs from concept through production. You will collaborate with design and engineering teams to develop cost estimates, optimize materials, and review quotations to support margin goals.

A BS in engineering and 3+ years in product development are required; toy industry experience is valuable but not mandatory. The role offers a competitive salary and benefits as part of Jakks Pacific's commitment to

Qualifications

• Bachelor of Science in Mechanical/Industrial/Manufacturing Engineering or equivalent.
• Minimum 3+ years’ experience in similar product development roles.
• Toy industry experience is valuable but not a must.

Responsibilities

• Collaborate with the Design team to review concept sketches and provide cost guidance during early development.
• Develop and maintain product cost estimates, and validate costs throughout the product lifecycle.
• Partner with the Asia Engineering team to optimize material selection, manufacturing processes, and assembly methods to achieve target costs.
• Review factory quotations and cost breakdowns to identify cost-saving opportunities and improve margins.
• Work cross-functionally to evaluate alternative design or manufacturing solutions when target costs aren’t met.
• Maintain cost models and benchmarking data to improve forecasting for future products.
• Estimate, validate, and optimize tooling costs to stay within approved budgets.

Skills

Cost estimation

Material optimization

Cross-functional teamwork

Toy industry knowledge

Education

Bachelor of Science in Mechanical/Industrial/Manufacturing Engineering

Job description

If you are unable to complete this application due to a disability, contact this employer to ask for an accommodation or an alternative application process.

Full Time Regular Full-Time Santa Monica, CA, US

Salary Range: $70,303.92 To $75,000.00 Annually

Jakks Pacific Inc. is a leading designer and marketer of toys and consumer products with a wide range of products that feature some of the most popular brands and children’s toy licenses in the world. We are currently seeking a Cost Engineer for the Santa Monica office.

Responsibility

• Collaborate with the Design team to review concept sketches and provide cost guidance during the early product development stage.
• Develop and maintain product cost estimates, and validate costs throughout the product lifecycle, from concept through production.
• Partner with the Asia Engineering team to analyze product designs and optimize material selection, manufacturing processes, assembly methods, and production efficiency to achieve target costs.
• Review factory quotations and cost breakdowns, identify cost-saving opportunities, and recommend improvements to achieve brand margin and profitability objectives.
• Work cross-functionally to identify and evaluate alternative design, material, or manufacturing solutions when target costs cannot be achieved.
• Maintain accurate cost models, historical cost databases, and cost benchmarking information to improve forecasting and support future product development.
• Estimate, validate, and optimize tooling costs to ensure projects remain within approved tooling budgets.

Qualifications

• Bachelor of Science degree in Mechanical/Industrial/Manufacturing Engineering or equivalent degree.
• Minimum 3+ years’ experience in similar product development roles.
• Toy industry experience is valuable but not a must.
• Health and Wellness: Medical, dental, vision, disability, life & accident insurance and employee assistance program
• Savings: 401K matching, pre-tax spending accounts, and employee discount programs
• Compensation: JAKKS Pacific offers a competitive salary. Compensation for this role commensurate with experience, qualifications, location, and education and typically ranges from $70,303.92 - $75,000.

Company Overview

A leading designer and marketer of children’s toys and consumer products, JAKKS Pacific® is always on the lookout for talented, bright and creative individuals to join our ever-growing team.

Best known for our toy and entertainment products, JAKKS produces impressive and innovative products across multiple categories spanning from action figures, collectibles, and dolls, to high performance activity toys and vehicles, and let’s not forget our deep portfolios of beloved licensed characters. In other words, we work hard to make play more fun, and we believe it has paid off.

Included in Fortune’s 100 Fastest Growing Companies for four years in a row, and Forbes’ 100 Best Small Companies for three years, JAKKS is an aggressive and passionate company, with a commitment to customers and a dedication to growing our business.

Our goal is to continuously cultivate a talented and diverse workforce while providing a safe and productive work environment and an excellent career growth opportunity while working with a dynamic team who loves what they do and for a Company that ultimately makes children smile, play and succeed!

Jakks Pacific, Inc is an Equal Opportunity Employer.