Costing Engineer

Responsibilities

• Provide guidance to Designers/Design Engineers for new or modified designs to achieve required function at minimum cost.
• Apply Design for Assembly (DFA) and Design for Manufacturing (DFM) tools to analyze proposed designs and propose improvements.
• Work with engineering on a Design to Target approach in early product development planning.
• Develop cost targets for mechanical engine parts (castings, stamped parts, extrusions, injection‑molded) using sample parts, CAD models, and engineering drawings.
• Develop cost targets for electrical engine parts (harnesses, PCBs, PCB assemblies, DC motors, batteries) using schematics, CAD models, and engineering drawings.
• Provide should‑cost analysis reports to the procurement team for supplier negotiations.
• Conduct competitive benchmarking/teardown analysis and develop should‑cost models.
• Participate in value analysis (VA) and value engineering (VE) activities, generating cost‑reduction ideas for current production products.
• Present project cost updates, risks, and opportunities to senior management on a monthly basis.
• Serve as a resource of cost information for the organization (upper management, marketing, sales, engineering, finance, manufacturing, etc.).
• Produce monthly cost reports and track costs of current products.

Required Qualifications

• Bachelor’s degree in Mechanical, Manufacturing, Industrial, or Electrical Engineering.
• 710 years of industry experience.
• Proficiency in BDI (Boothroyd Dewhurst Inc.), A‑priori, or related costing software.
• Ability to read and understand manufacturing drawings.
• Working knowledge of a Bill of Materials, its development and application.
• Practical knowledge of VA/VE techniques and strong financial awareness.
• Functional understanding of 3D CAD software (Creo preferred).
• Proficient in Microsoft Office.
• Travel up to 10%.

Preferred Qualifications

• In‑depth knowledge of manufacturing processes (casting, stamping, injection molding, extrusion, PCBA) and compatible materials.
• Lean Six Sigma Green Belt.