Cost Engineer

About the role

The Cost Engineer develops accurate and comprehensive cost calculations for new products, leading the estimation of initial costs for materials, sheet metal fabrication, weldments, CNC-machined components, complex assemblies, and outsourced operations. Acting as a critical bridge between Sales and Engineering, this role translates technical requirements into reliable cost models and supports informed make-or-buy decisions in collaboration with the supply chain. The position ensures competitive pricing, manufacturability, and cost transparency from project inception.

Responsibilities

• Collaborate with Sales to obtain and verify all information necessary to perform accurate project assessments and quotations.
• Review and evaluate customer Technical Product Documentation (TPD) to determine manufacturing requirements and feasibility.
• Identify material requirements and perform preliminary cost analysis, including supply chain considerations.
• Apply a working understanding of material properties and identify equivalent or alternative materials as required.
• Support the Supply Chain team in identifying, qualifying, and onboarding new suppliers for new or expanded manufacturing processes.
• Develop initial process flows and Bills of Materials (BOMs) to establish true manufacturing costs.
• Evaluate the impact of new projects on factory capacity, resources, and the 4Ms (Man, Machine, Material, Method).
• Collaborate with cross-functional project teams to determine costs associated with internal manufacturing processes and outsourced operations.
• Develop and implement best practices, standardized routines, and innovative solutions to improve production rates, efficiency, and quality output.
• Work closely with Project Management on changes in project scope, schedules, and costs.
• Identify Non-Recurring Engineering (NRE) costs and assess requirements for prototype builds and production runs, including OPEX and CAPEX considerations.
• Support Production and Finance teams with post-calculation cost validation, cost control, and ongoing continuous improvement initiatives.

Requirements

• Bachelor’s degree in Manufacturing Engineering or a related engineering discipline; or equivalent experience.
• Minimum of 5 years of experience in a manufacturing environment with a strong focus on cost estimation, cost analysis, or cost control.
• Experience working with international material standards (ASTM, ISO, DIN) is a plus.
• Previous experience in high-tech/semiconductor, aerospace, or medical device manufacturing environments is preferred.

Skills

• High level of attention to detail with strong analytical and problem-solving skills.
• Excellent interpersonal, verbal, and written communication skills, with strong organizational capabilities.
• Proficient in Windows operating systems and Microsoft Office applications (Word, Excel, PowerPoint, Outlook).
• Experience with CAD/CAM software; SolidWorks experience strongly preferred.
• Working knowledge of ISO 9001–based Quality Management Systems (QMS).
• Experience applying continuous improvement methodologies, including Kaizen, Lean Manufacturing, Six Sigma, or similar tools.
• Strong affinity for manufacturing technologies, including machining, sheet metal fabrication, assembly processes, and product testing and qualification.
• Solid understanding of Geometric Dimensioning and Tolerancing (GD&T) and familiarity with inspection equipment and measurement gages.
• Demonstrated ability to learn new processes quickly and effectively train or mentor others.
• Innovative thinker with the ability to challenge existing processes and drive improvements in technology, equipment efficiency, quality performance, and structural cost reduction.
• Demonstrated ability to work collaboratively and communicate effectively across multiple organizational levels and functional areas.
• Ability to read, write, speak, and understand English sufficiently to follow safety procedures, interpret work instructions, and communicate clearly with supervisors and team members.

Physical Requirements

• Prolonged periods sitting at a desk and working on a computer.
• Must be able to lift up to 15 pounds at times (e.g., files, office equipment).
• Ability to move around the facility and occasionally visit production areas, which may include walking and standing.
• Must be able to concentrate and remain focused in an open office environment with potential distractions.
• Occasional travel may be required for training or coordination with other locations.