Cost Engineer

About the role

JAKKS Pacific Inc., a leading designer and marketer of toys and consumer products, is seeking a Cost Engineer for the Santa Monica office.

Responsibilities

• Collaborate with the Design team to review concept sketches and provide cost guidance during the early product development stage.
• Develop and maintain product cost estimates, and validate costs throughout the product lifecycle, from concept through production.
• Partner with the Asia Engineering team to analyze product designs and optimize material selection, manufacturing processes, assembly methods, and production efficiency to achieve target costs.
• Review factory quotations and cost breakdowns, identify cost-saving opportunities, and recommend improvements to achieve brand margin and profitability objectives.
• Work cross-functionally to identify and evaluate alternative design, material, or manufacturing solutions when target costs cannot be achieved.
• Maintain accurate cost models, historical cost databases, and cost benchmarking information to improve forecasting and support future product development.
• Estimate, validate, and optimize tooling costs to ensure projects remain within approved tooling budgets.

Requirements

• Bachelor of Science degree in Mechanical/Industrial/Manufacturing Engineering or equivalent degree.
• Minimum 3+ years’ experience in similar product development roles.
• Toy industry experience is valuable but not required.

Benefits

• Health and Wellness: Medical, dental, vision, disability, life & accident insurance, and employee assistance program.
• Savings: 401K matching, pre-tax spending accounts, and employee discount programs.

Pay

Compensation for this role typically ranges from $70,303.92 to $75,000.

About the company

JAKKS Pacific® is a leading designer and marketer of children’s toys and consumer products, known for innovative products across multiple categories including action figures, collectibles, dolls, high-performance activity toys, vehicles, and licensed characters. The company has been recognized in Fortune’s 100 Fastest Growing Companies and Forbes’ 100 Best Small Companies. JAKKS is committed to cultivating a talented and diverse workforce, fostering a safe and productive work environment, and providing excellent career growth opportunities.