Sr. Project Manager - Cost out Procurement

Key Accountabilities

• Planning, leading, and monitoring cost-out projects.
• Developing project plans, milestones, resource requirements, and savings targets.
• Managing cross-functional teams (Engineering, Quality, Logistics, Finance, Production).
• Ensuring on-time execution, reporting, and risk management.
• Identifying new global procurement markets with significant savings potential.
• Conducting detailed market analyses, benchmarks, and comparative cost calculations.
• Applying international Best-Cost-Country sourcing strategies.
• Evaluating and selecting suitable suppliers based on price, quality, delivery performance, and sustainability.
• Analyzing product specifications, manufacturing technologies, and material costs.
• Preparing Should-Cost analyses and TCO models.
• Identifying technical optimization and Design-to-Cost opportunities in collaboration with Engineering.
• Supporting the analysis and improvement of procurement processes to increase efficiency and cost transparency.
• Defining and implementing standards for cost-out methodology, reporting, and KPIs.
• Closing cooperation with global procurement organizations, technical teams, and international plants.
• Managing global cost-out programs across multiple regions.
• Sharing best practices and scaling successful initiatives to additional sites.

Basic Requirements

• Authorized to work for any employer in the U.S without sponsorship.
• Bachelor’s degree in industrial engineering, Mechanical Engineering, Business Administration, Supply Chain Management, or a related field plus 5 years of experience in Procurement, Cost-Out Management, Value Engineering, or technical project management or 9 years of experience in Procurement, Cost-Out Management, Value Engineering, or technical project management.
• Several years of experience in Procurement, Cost-Out Management, Value Engineering, or technical project management.
• Willingness to travel internationally.

Preferred Qualifications

• Mechanical Engineering, Industrial Engineering, Business Administration, Supply Chain Management, or a related field.
• Manufacturing and Power generation experience preferred.
• Strong technical understanding of manufacturing processes, materials, and product-related cost structures.
• Excellent analytical skills, including Should-Cost analysis, cost modeling, TCO assessments, and data analysis.
• Experience in international project management and cross-functional collaboration.
• Strong negotiation skills and confident communication with suppliers and internal stakeholders.
• Structured, proactive working style with high autonomy and solution orientation.
• Very good English and German language skills.
• High level of initiative and a proactive mindset.

Benefits

• Comprehensive and competitive Total Rewards package.
• Health, dental, vision, disability, life and accidental death & dismemberment insurance.
• A flexible spending account.
• A health savings account.
• A 401(k) retirement savings plan with a company match.
• Employee Assistance Program.
• Paid Time Off.
• Certain paid holidays.
• Paid parental and family care leave.
• Tuition reimbursement.
• A long-term incentive plan.