Should Costing Engineer

Roles & Responsibilities

• Provide guidance to Designers/Design Engineers for proposed 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 new designs and propose potential 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, and Injection Moulded) based on information ranging from sample parts, CAD models, and engineering drawings.
• Develop cost targets for electrical engine parts (Harness, PCB, PCB Assemblies, DC Motors, Batteries) based on information ranging from schematics, CAD models, and engineering drawings.
• Provide should-cost analysis reports to the procurement team for supplier negotiation purposes.
• Conduct competitive benchmarking/teardown analysis and develop should-cost models.
• Participate in Value Analysis (VA) and Value Engineering (VE) activities and generate cost reduction ideas on current production products.
• Present project cost updates along with risks and opportunities to higher management monthly.
• Be a resource of cost information on assigned projects for the entire organization, including upper management, marketing, sales, engineering, financial, and manufacturing.
• Provide the organization with monthly cost reports and cost tracking of current products.

Education & Experience

• Bachelor's degree in mechanical, Manufacturing, Industrial, or Electrical Engineering.
• 7-10 years of industry experience.
• Proficient in BDI (Boothroyd Dewhurst Inc.), A-priori, or related costing software.
• Ability to read and understand manufacturing drawings.
• Working knowledge of a Bill of Material (BOM), its development, and application.
• Practical knowledge of VA/VE techniques and strong financial awareness.
• Functional understanding of 3D CAD software (Creo Preferred).
• In-depth knowledge of manufacturing processes including Casting, Stamping, Injection Moulding, Extrusion, and PCBA, and compatible materials.
• Lean Six Sigma Green Belt preferred.