Costing Engineer – Global HDE Projects & Savings

Milwaukee Succeeds; Racine, Northern (WI, KY); Hybrid; USD 70,000 - 95,000; Full time

Job summary

Modine is a global leader in thermal management, headquartered in Racine, Wisconsin. The company seeks a Cost Analyst to optimize HDE product costs across the lifecycle, supporting LAW, TN and NLM operations with travel.

You will collaborate with Engineering, Procurement and Manufacturing to ensure cost targets are met and profitability is improved. The ideal candidate builds detailed cost models, conducts should-cost analyses and benchmarks suppliers.

Qualifications

• Bachelor's degree in Mechanical/Manufacturing/Industrial Engineering or related field.
• 2–3 years of Engineering experience; finance or product costing is a plus.
• Knowledge of Modine products, manufacturing processes and cost drivers.
• Strong analytical skills and proficiency in costing tools and ERP systems.
• Strong experience with Microsoft Office Excel and AI tools.
• Excellent communication and ability to work cross-functionally in a global environment.

Responsibilities

• Develop and maintain detailed cost models for HDE products, including materials, labor, overhead, tooling, and logistics.
• Conduct should-cost analysis and supplier benchmarking to identify cost reduction opportunities.
• Collaborate with Engineering, Procurement, and Manufacturing to integrate cost targets into design and production decisions.
• Support LAW & NLM operations during plant start-ups, product transfers, and new launches by providing cost analysis and guidance.
• Monitor actual vs. estimated costs, perform variance analysis, and implement corrective actions.
• Participate in make-vs-buy evaluations and lifecycle cost assessments for HDE components.
• Prepare and present cost reports at key project milestones to leadership and cross-functional teams.
• Drive continuous improvement initiatives and cost-saving programs across HDE operations globally.
• Provide on-site support at LAW & NLM as needed (travel up to 10%).
• Participate in manufacturing process audits, and support plant finance through standard hour studies.

Skills

Cost modeling

Should-cost analysis

ERP systems

Excel

AI tools

Analytical skills

Communication

Education

Bachelor's degree in Mechanical/Manufacturing/Industrial Engineering or related field

Tools

ERP systems

AI tools

Job description

Modine is a global leader in thermal management, headquartered in Racine, Wisconsin. The company seeks a Cost Analyst to optimize HDE product costs across the lifecycle, supporting LAW, TN and NLM operations with travel.

You will collaborate with Engineering, Procurement and Manufacturing to ensure cost targets are met and profitability is improved. The ideal candidate builds detailed cost models, conducts should-cost analyses and benchmarks suppliers.