Cost Engineer II: Value Optimization & DFMA (Hybrid)

The Toro Company; BLOOMINGTON (MN); Hybrid; USD 97,000 - 121,000; Full time

Benefits offered by this job

Dress for your day

Onsite café & Caribou Coffee

Wellness facilities

Volunteerism – 20 hours

Summer hours

Flexible work arrangements

Hybrid schedule

Job summary

The Toro Company is seeking a Cost Engineer II to support cost estimation, budgeting and cost improvement across new product development and existing products. You will analyze and document cost estimates, influence design decisions, and collaborate with divisions to optimize cost, quality and time.

You will work in a Bloomington, MN environment with hybrid scheduling, contributing to ROI calculations and supplier interactions while driving standardization and cost reduction initiatives.

Qualifications

• 3+ years of experience in costing future product, product development or cost-related roles.
• Degree in engineering/industrial tech, finance, or related field.
• Understanding of manufacturing processes, bills of materials, and product structures.
• Knowledge of value engineering and DFMA principles.
• Ability to read engineering specs and blueprints.

Responsibilities

• Provide cost information and options during design decisions (DFMA, materials utilization, cost optimization).
• Manage product cost to target on moderately complex projects.
• Set future cost estimates for ROI planning and decisions.
• Prepare cost estimates for milestone reviews and documentation.
• Collaborate with Engineering, Operations, Marketing and Finance on cost, pricing and budgeting.
• Coordinate with suppliers, sourcing and manufacturing engineers to stay on edge of processes.

Skills

Cost estimation

Budgeting

DFMA

Value engineering

Cross-functional collaboration

Education

B.A./B.S. in engineering/industrial tech or finance

Advanced degrees preferred

Tools

Excel

SAP

MS Office

Job description

The Toro Company is seeking a Cost Engineer II to support cost estimation, budgeting and cost improvement across new product development and existing products. You will analyze and document cost estimates, influence design decisions, and collaborate with divisions to optimize cost, quality and time.

You will work in a Bloomington, MN environment with hybrid scheduling, contributing to ROI calculations and supplier interactions while driving standardization and cost reduction initiatives.