Cost Engineer II - The Toro Company

Applicants must be legally authorized to work in the United States. Sponsorship for visas is not available.

About Us

The Toro Company is a Minnesota-based company founded in 1914. We provide world-class equipment to maintain landscapes, from residential lawns to iconic venues like St Andrews Links and Target Field. With over 100 years of operation, we focus on innovation, community, and helping people beautify their environments.

Responsibilities

• Provide cost information and options during design choices, including value engineering, design for manufacture and assembly (DFMA), supplier capabilities, materials utilization, and design alternatives for value optimization.
• Manage product cost to target on projects with moderate complexity.
• Set future cost estimates for items to be used in ROI calculations and decision-making.
• Prepare supporting documentation (cost estimates) for project milestone reviews.
• Supply analyzed cost data to Division Engineering, Plant Engineering/Operations, Marketing, and Finance for project direction, product pricing, budgeting, and internal rate of return calculations.
• Coordinate with suppliers, strategic sourcing, advanced manufacturing engineers, and other resources to maintain leading-edge knowledge of available processes.
• Lead cost avoidance, cost reduction, and standardization efforts.
• Develop cost estimates and pricing proposals, understanding cost models and the interconnectedness of product, labor, freight, and assembly rates.
• Administer product costing models and standardized costing procedures.
• Perform other duties as assigned.

Requirements

• Bachelor’s degree (B.A. or B.S.) in engineering, industrial technology, finance, or a related field. Advanced degrees preferred.
• Minimum of 3+ years of experience in costing future products, product development, or cost-related roles.
• Ability to manage multiple projects.
• Proficiency in reading, comprehending, and applying engineering specifications and blueprints.
• Understanding of manufacturing processes, bills of materials, and product structures.
• Knowledge of value engineering and DFMA principles.
• Strong analytical and problem-solving skills.
• Self-starter with a continuous improvement mindset; makes recommendations to streamline processes.
• Excellent written, verbal, and interpersonal communication skills; ability to influence leaders.
• Intermediate Excel skills; proficiency in Outlook, PowerPoint, and Word.
• Ability to thrive in a fast-paced, dynamic organization with evolving needs.

Preferred Qualifications

• SAP experience.
• Strong project management background.
• Hands-on experience with DFMA and value engineering.
• Cross-functional influence and business impact mindset.

Benefits

• Competitive salary with a pay range of $96,900 - $121,000 annually, based on skills, experience, education, and location.
• Affordable and top-tier medical, dental, and vision plans.
• 401k retirement plan.
• Casual dress code ("dress for your day").
• Onsite café serving breakfast and lunch, with attached Caribou Coffee.
• Complimentary use of onsite fitness facility and access to mental health and financial wellness resources.
• 20 hours of paid time for volunteerism.
• Summer hours: leave by noon on Fridays.
• Hybrid work schedule (collaboration in-office and remote work).
• Early access to pay via the DailyPay app.