Costing Engineer

Mindtris; Foster City (CA); On-site; USD 90,000 - 130,000; Full time

Job summary

Mindtris is seeking a Costing Engineer in Foster City, CA to develop should-cost targets for mechanical and electrical components, analyze CAD models and drawings, and drive cost reduction initiatives across the design and manufacturing lifecycle.

The role requires strong knowledge of DFA/DFM, VA/VE techniques, and experience with costing software such as BDI or A-priori. Travel up to 10% may be required; 1-year duration with possible extension.

Qualifications

• Bachelor's degree in mechanical, manufacturing, industrial or electrical engineering.
• Experience in should-cost/cost engineering.
• Knowledge of DFA/DFM and cost reduction methods.
• Experience with BOMs and manufacturing cost analysis.
• Proficiency with costing software tools.

Responsibilities

• Provide should-cost analysis for procurement negotiations.
• Lead DFA/DFM analyses for new designs.
• Develop cost targets for mechanical and electrical components.
• Present cost updates to management monthly.
• Maintain cost reports and tracking.

Skills

Cost engineering

DFM

DFA

VA/VE

Cost analysis

Financial awareness

BOM knowledge

3D CAD (Creo)

MS Office

Education

Bachelor's degree in mechanical, Manufacturing, Industrial or Electrical Engineering

Tools

BDI (Boothroyd Dewhurst)

A-priori

Job description

Job Title

Costing Engineer

Location

Onsite in Foster City, California

Duration

1 year with possible extension

Work Authorization

Must be authorized to work in USA

Job Description

We are looking for a Should Costing Engineer responsible for developing cost targets for mechanical components, including castings, stamped parts, extrusions, and injection moulded parts, as well as electrical components such as harnesses, PCBs, PCB assemblies, DC motors, and batteries. The role involves analysing sample parts, CAD models, engineering drawings, and schematics, conducting competitive benchmarking and teardown analysis, and developing should cost models.

Responsibilities

• Provide guidance to Designers/Design Engineers for proposed new or modified designs to achieve required function at minimum cost.
• Apply design for assembly (DFA) and design for manufacturing (DFM) tools to analyse proposed new designs and propose potential improvements.
• Work with engineering on a Design to Target approach in early product development planning.
• Provide should-cost analysis reports to procurement team for supplier negotiation purposes.
• Participate in value analysis (VA) and value engineering (VE) activities and generate cost reduction ideas on current production products.
• Present project cost updates along with risks and opportunities to higher management on monthly basis.
• Be a resource of cost information on assigned projects for the entire organization (upper management, marketing, sales, engineering, financial, manufacturing, etc).
• Provide the organization with monthly cost reports and cost tracking of current product.

Mandatory Skills And Requirements

Industry Experience and Cost Engineering

• 7 10 years of industry experience in should-cost/cost engineering
• 7-10 years of industry experience
• Should-cost models, cost targets, manufacturing cost analysis

Design and Cost Reduction

• DFM/DFA, VA/VE, cost reduction, and design-to-target
• Practical knowledge of VA/VE techniques and strong financial awareness

Costing Software

• BDI (Boothroyd Dewhurst), A-priori, or related costing software
• Proficient in BDI (Boothroyd Dewhurst Inc), A-priori or related costing software

Manufacturing and Component Costing

• Manufacturing drawings, BOMs, and mechanical/electrical component costing
• Knowledge of casting, stamping, injection molding, extrusion, PCBA, harnesses, PCB, motors, or batteries
• Ability to read and understand manufacturing drawings
• Working knowledge of a Bill of Material, its development and application.

Education

• Bachelor's degree in mechanical, Manufacturing, Industrial or Electrical Engineering

Technical Skills

• Functional understanding of 3D CAD software (Creo Preferred)
• Proficient in Microsoft office.

Other Requirements

• Travel up to 10%

Preferred Qualifications

• In-depth knowledge of Manufacturing processes (Casting, Stamping, Injection moulding, extrusion, PCBA) and compatible materials.
• Lean Six Sigma Green Belt Preferred

Mindtris, a minority women-owned enterprise, is at the forefront of digital transformation, technology excellence, and business growth solutions. Specializing in talent mobilization and innovation, we are dedicated to enhancing customer experiences across diverse sectors such as Information Technology, Telecommunications, Healthcare, Engineering, and the Public sector. With a focus on deploying top-tier talent and fostering innovation, we empower businesses to thrive and excel in a rapidly evolving digital landscape, helping them reach new heights of success.

Mindtris is committed to fostering workforce diversity and is proud to be an equal opportunity employer.