Manufacturing Cost Engineer

TRUMPF North America; Farmington (CT); On-site; USD 60,000 - 80,000; Full time

Job summary

TRUMPF North America, based in Farmington, Connecticut, is seeking a skilled Cost Engineer to analyze production costs and lead project management initiatives. You will handle cost variances, implement corrective actions, and work on cost-saving projects.

The ideal candidate will have a Bachelor’s degree in a relevant field and 1–3 years of experience in a manufacturing environment. Strong analytical and communication skills are essential, as well as proficiency in SAP and Excel.

Qualifications

• 1–3 years of experience in manufacturing cost engineering, preferably in sheet metal fabrication.
• Experience in cost benchmarking and manufacturing KPI management.
• Strong project management skills and leading cross-site projects.

Responsibilities

• Review and analyze monthly production cost reports.
• Lead monthly cost review meetings with stakeholders.
• Support project engineers with cost analyses for localization projects.

Skills

Manufacturing cost engineering

Variance analysis

Project management

Advanced Excel skills

Communication skills

Education

Bachelor’s degree in Industrial Engineering

Bachelor’s degree in Mechanical Engineering

Bachelor’s degree in Manufacturing Engineering

Bachelor’s degree in Business Administration

Tools

SAP

Power BI

Job description

As a family‑run, high‑tech company with nearly 19,000 employees at 71 locations worldwide, we are looking for forward thinkers with unconventional ideas and drive to join our team. Our company culture, which values collaboration and mutual trust, creates the ideal framework for boldly trying new things and questioning the status quo. Our technologies inspire people to develop and produce things that are currently unimaginable. Whether lasers, machine tools, EUV or electronics – TRUMPF is building technological worlds for future generations. Are you ready for new challenges?

Cost Analysis, Benchmarking & Target Setting

• Review and analyze monthly group production cost reports; identify cost variances, root causes, and corrective actions.
• Perform benchmark analyses of assembly hours and fabrication costs against lead plants.
• Define cost and time deltas vs. lead plants and develop project‑based action plans to close gaps.
• Define and maintain cost‑per‑hour targets for fabrication processes; lead initiatives to achieve target levels.
• Review manufacturing overhead (MOH) calculations monthly with Controlling; summarize key changes, drivers, and risks.

Stakeholder Coordination & Reporting

• Lead monthly cost review meetings with each lead plant to review production costs, cost measures, and project status.
• Facilitate cross‑functional meetings with stakeholders responsible for cost measures and project execution.
• Support and coordinate cost‑measure investigations, including data collection, analysis, and follow‑up actions.
• Provide monthly or quarterly cost and project performance updates to senior leadership covering all assigned product lines.

Project Engineering Support & Project Management

• Support project engineers with cost analyses for localization projects, including business‑case evaluations and financial impact assessments.
• Plan, manage, and execute concurrent improvement, cost‑saving, and localization projects ensuring on‑time delivery and realized financial benefits.
• Develop and maintain structured project plans with scope, timelines, risk analyses, and cost strategies; monitor and report progress to senior leadership.

Experience

• 1–3 years in manufacturing cost engineering, production engineering, or process improvement, preferably in sheet metal fabrication environments.
• Experience in cost benchmarking, variance analysis, and manufacturing KPI management.
• Strong project management skills; experience leading cross‑site projects and stakeholder meetings.
• Advanced Excel skills (PivotTables, Power Query); SAP and Power BI experience preferred.
• Strong analytical, organizational, and communication skills; willingness to work on the shop floor and travel occasionally.

Education

Bachelor’s degree in Industrial Engineering, Mechanical Engineering, Manufacturing Engineering, Business Administration (operations focus), or equivalent.