Principal Engineer - Cost Estimation

Principal Engineer - Cost Estimation

The Principal Engineer - Cost Estimation will deliver cost estimates for new and existing parts by gathering and analyzing market data to include raw materials, purchased components, and manufacturing processes required to complete costing. The role will work side-by-side with engineers, sourcing and suppliers.

• Provide estimates for proposal development, current production cost reductions, and new product development design to cost initiatives.
• Identify and build cost model drivers to assist in design and purchasing activities.
• Analyze supplier quotations and identify cost drivers (materials, labor, overheads, tooling, logistics, profit margins).
• Participate in cost negotiation process to influence cost reduction and cost avoidance.
• Consult with and advise product development engineers on economic alternatives for their design and suggest trade-offs.
• Interface directly with supplier engineers to develop mutually agreed upon should cost models to understand cost drivers for use in pricing negotiations ongoing cost reduction activities.
• Present ideas and solicit feedback to help support individual or team project assignments.
• Participate on councils to share project results, present ideas, and solicit feedback to help support individual or team project assignments.

Minimum Qualifications

• Bachelor’s degree in Mechanical Engineering with five (5) or more years of experience within Engineering, Engineering, Manufacturing, Cost Estimating, or a related field.
• Experience with Computer Aided Cost Estimation (CACE) tools.
• Ability to travel 10%.

Standout Qualifications

• Hands-on mechanical aptitude.
• Supply chain or Engineering experience within the manufacturing industry.
• Advanced understanding of Cost Accounting.
• Knowledge of manufacturing sequence of events and Bill of Materials.
• Ability to read Engineering drawings and interpret GD&T.
• Strong time-management and prioritization skills, able to multi-task and prioritize competing requirements and meet deadlines.
• Experience and proficiency with various web-based software applications including Microsoft Office Word, Excel, PowerPoint, SharePoint, etc.

Pay

The above pay range reflects the minimum and maximum target pay for the position across all U.S. locations. Within this range, individual pay is determined by various factors, including the scope and responsibilities of the role, the candidate's experience, education and skills, as well as the equity of pay among team members in similar positions.

Benefits

Oshkosh Corporation offers a competitive total rewards package, prioritizing a people-first culture and offering various opportunities to support team member growth and success.

Equal Opportunity Employer

Oshkosh Corporation is a merit-based Equal Opportunity Employer. Job opportunities are open for application to all qualified individuals and selection decisions are made without regard to race, color, religion, sex, national origin, age, disability, veteran status, or other protected characteristic.