Senior Cost Engineer — Cost Optimization & Value Engineering

Munchkin, Inc.; Los Angeles (CA); On-site; USD 80,000 - 130,000; Full time

Benefits offered by this job

Medical insurance

Vision insurance

Dental insurance

Prescription drug coverage

Life insurance

401(k) plan

Paid childcare leave

Equity/Stock options

Half-day Fridays

Job summary

Munchkin, Inc. in Los Angeles, CA is seeking a Senior Cost Engineer to evaluate product designs, materials, and manufacturing processes to develop accurate cost estimates and drive cost efficiencies.

You will partner with Product Development, Marketing, Finance, and Sourcing to assess cost implications and support margin objectives, mentoring junior team members. The role offers a full-time on-site position with comprehensive benefits and opportunities to influence product costs across

Qualifications

• Bachelor’s degree in Industrial Engineering, Manufacturing Engineering, Mathematics, Economics, Finance, or related field.
• 5–7 years of experience in cost engineering, cost analysis, cost estimation, product costing, manufacturing, or related field.
• Experience reviewing product designs, BOMs, materials, labor, tooling and supplier quotations.
• Strong understanding of cost drivers, margins and estimation principles.

Responsibilities

• Review product cost breakdowns for materials, quantities, unit costs, labor rates, tooling, packaging and other cost components.
• Develop and maintain internal product cost estimates throughout development and commercialization.
• Evaluate designs, materials, specifications and manufacturing processes to identify cost drivers and improvements.
• Analyze factory and supplier quotations for accuracy and communicate findings to internal teams.
• Perform cost-benefit analyses and other financial evaluations to support decisions.
• Present cost analyses, financial summaries, margin estimates and recommendations to management.
• Provide guidance on target costs, margins, design alternatives and potential cost implications.
• Monitor material, labor, packaging, tooling and other cost trends.
• Mentor junior cost team members and promote costing best practices.
• Lead cost adjustment processes and assess impact on margins.

Skills

Cost engineering

Cost analysis

Cost estimation

Product costing

Manufacturing cost analysis

Value engineering

Excel

Analytical skills

Communication skills

Project management

Education

Bachelor’s degree in Industrial Engineering, Manufacturing Engineering, Mathematics, Economics, Finance, Supply Chain, or related field

Tools

Microsoft Office

Job description

Munchkin, Inc. in Los Angeles, CA is seeking a Senior Cost Engineer to evaluate product designs, materials, and manufacturing processes to develop accurate cost estimates and drive cost efficiencies.

You will partner with Product Development, Marketing, Finance, and Sourcing to assess cost implications and support margin objectives, mentoring junior team members. The role offers a full-time on-site position with comprehensive benefits and opportunities to influence product costs across