Product Cost Engineer I — Design-to-Cost & BOM Expert

Komatsu; Chicago (IL); On-site; USD 67,000 - 85,000; Full time

Benefits offered by this job

Health benefits

401k

Vacation/holidays

Assistance programs

Disability insurance

Life insurance

Learning & development

Job summary

Komatsu in the Chicago area is seeking a Product Cost Engineer to partner with Engineering, Manufacturing, Supply Chain and Finance. You will own costed BOMs and routings, build detailed cost models, and perform should-cost analyses to guide design-to-cost and sourcing decisions.

You will drive cost transparency across product development and operations, support RFQs and NPI, analyze variances, and contribute to continuous cost reduction efforts with data-driven insights.

Qualifications

• Bachelor’s degree in engineering or related field.
• 2+ years in cost engineering, product costing, or related roles.
• Working knowledge of manufacturing processes and cost modeling in Excel.
• Experience with ERP systems and costed BOM/routing structures.

Responsibilities

• Develop, validate, and maintain cost models including material, labor, overhead, scrap, freight, tooling, and outside processing.
• Create and maintain costed BOMs and routings aligned with ERP/MRP data.
• Perform should-cost analyses for designs, supplier quotes, and make/buy decisions.
• Analyze cost variances and partner with Operations to drive corrective actions.
• Provide costing support for RFQs, NPI, and ECO/ECN activities.

Skills

Cost engineering

Product costing

Manufacturing engineering

Excel

Data analysis

Communication

Power BI

Education

Bachelor's degree in engineering

Tools

ERP systems (SAP, Oracle, JD Edwards, Dynamics)

Power BI

BOM/Routing in ERP

Job description

Komatsu in the Chicago area is seeking a Product Cost Engineer to partner with Engineering, Manufacturing, Supply Chain and Finance. You will own costed BOMs and routings, build detailed cost models, and perform should-cost analyses to guide design-to-cost and sourcing decisions.

You will drive cost transparency across product development and operations, support RFQs and NPI, analyze variances, and contribute to continuous cost reduction efforts with data-driven insights.