P100956 Cost Engineer

eShocan LLC; Troy (MI); On-site; USD 85,000 - 120,000; Full time

Job summary

eShocan LLC is seeking a Cost Engineer to partner with Finance and Supply Chain for vehicle program cost management. You will build and analyze cost models, identify cost reduction opportunities and support margin goals through EBOM costing.

You will collaborate with engineering, purchasing, and cross-functional teams to generate accurate should-cost estimates, validate targets, and mentor teammates on Apriori-based costing methods.

Qualifications

• Bachelor's degree in business, finance, engineering or a related field.
• MBA or master's degree is a plus.
• Proficiency with cost engineering software and CAD systems.
• Minimum 1–3+ years with an OEM or similar corporate environment.
• Strong Excel skills and MS Office proficiency.
• Experience in product costing and cost reduction initiatives.

Responsibilities

• Maintain and update should-cost models for Supply Chain, Engineering and Finance.
• Prioritize should-cost targets for the Supply Chain team.
• Run high-level cost modeling using Apriori and other methods.
• Build and lead a core cost team for major components.
• Set cost targets for all vehicle major components.
• Collaborate with engineering on CAD reviews for cost savings.

Skills

Cost estimation

Excel

Negotiation

Education

Bachelor's degree in business/engineering

MBA or master's degree

Tools

Apriori software

CAD software

Costing software

Job description

Work Authorization Requirement

Applicants must be authorized to work in the United States on a permanent basis. We are unable to offer visa sponsorship at this time.

Core Responsibilities

• The Cost Engineering support OEM position will be the Finance / Supply Chain business partner to the development teams for everything Bill of Material cost related from tracking and reporting the fluctuations, to do should-cost analysis, business cases and material cost reduction. You will be responsible for supporting, measuring and reporting the bill of materials for the vehicle programs to help management understand our costs and targets inside and out, and to meet our margin goals.
• The Cost Engineer position will be the Finance / Supply Chain business partner is responsible to create, analyze and validate component material costs and targets. The cost estimator will be responsible for generating ground-up / and detailed material cost estimates that encompass both piece price and tooling estimations. Collaboration with key internal cross functional teams is essential will have a working relationship with the product engineering team, the purchasing and supply chain team, the vehicle program team, our global partners, and to the external component supply base.
• This role involves a support level of independence, judgment, initiative, creativity, and the management of multiple estimates that focus specially on identifying accurate cost estimates as well as proposed cost reductions. The cost estimator will have exposure and work with the next generation of leading-edge automotive experts and technologies.

Role & Responsibilities:

• Support daily / weekly should cost model updates for Supply Chain, Engineering, Finance, Studio teams.
• Help and prioritize the should cost model targets for Supply Chain team.
• Run high level Cost Model estimating using Apriori software and other costing methods to support fast souring targets.
• Build Core team to support all major components.
• Cost target setting for all major components in vehicle.
• Work with engineering to review CAD models to see cost-saving ideas before sourcing them to suppliers.
• Help with supplier negotiations and cost reviews
• Teach and mentor team members on Apriori platforms
• Interview and hire cost team members
• Build up team to support full EBOM
• Check CAD files for DFM, and feasibility, best materials for cost and performance
• Help Finance set targets in project X to achieve EBOM cost goals

Required Qualifications:

• Bachelor's degree required in a relevant field of study (e.g. business, finance, engineering); MBA and/or master's degree in a relevant field a plus
• Cost Engineering Software expertise
• CAD expertise with all major systems
• Tooling expertise with plastics, metal, castings, sheet metal, HV wiring, Battery packs, etc.
• Minimum of 1-3+ years of experience with an OEM and/or other relevant corporation; experience with a multinational organization preferred.
• Prior working experience in product costing, product development finance and cost reduction efforts are required.
• Exceptional excel skills and proficiency in Microsoft Office suite.
• Strong work ethic, professionalism and flexibility; must possess the ability to adapt to a growing & evolving environment and a dynamic industry.
• Background in automotive and/or technology industries a must
• Strong negotiation skills a plus
• Some travel may be required.
• Manufacturing and launch experience in an automotive setting. (OEM, Tier 1, or Tier 2 environnement)
• An in-depth understanding of expected manufacturing technical cost factors such as material, labor, burden (shared and dedicated) along with associated commercial factors such as SG&P, logistics and capital recovery methodologies.