Job Posting for Cost Engineer - Electronics at Hanon Systems
Job Description
This candidate is responsible for managing, coordinating and providing in early phase best cost calculations (costed BOM) for different manufacturing technologies (purchase parts & tooling) considering functionality and quality requirements, project timing and in close collaboration with the program team.
Primary Responsibilities
Support identifying and implementing part and tool cost reduction to enable the organization to award business at the right cost / price
Drive and coordinate cost reduction potentials (e.g. with VA/VE, Design-to-cost techniques) in existing business from the idea respective pre-calculation until implementation in close collaboration with Purchasing, Engineering and Program Management
Support Purchasing departments with fact-based negotiations and detailed cost-break-down analysis to reduce quotation prices and implement cost reduction opportunities
Benchmarking, teardown and gap-analysis of competitor products
Support Advanced Engineering with manufacturability and cost estimation in innovation technology projects/next generation projects
Verify cost effecting design changes
Evaluation of “Make or Buy” decisions
Ensure efficiency (e.g. KPI tracking, standardization) and improve internal transparency of knowledge share, calculations methods and supplier cost-audit results
Train internal customers in cost engineering methods and processes to create understanding and role as a business partner
Participation in sourcing events, technical reviews and potential supplier visits
Years of Experience
Minimum 3 years of work experience preferred in automotive or automotive supplier industry in related fields
Education and Experience
Master Degree in Industrial or Mechanical Engineering with a strong commercial or economics background
Significant experience working cross-functionally in an international corporate environment
Experience with Powertrain components
Excellent communication, driving for results and negotiation skills
Ability to work self-directed at a fast pace dealing with multiple tasks simultaneously
Proficiency with cost calculation & office software
Fluent German and English language skills
Special Requirements
Willingness to travel globally / domestically
What We Offer:
At Hanon Systems, we provide a competitive benefits package focused on employee well-being and work-life balance:
Medical, dental, and vision program options
Retirement savings plan (401k)
Paid time off
Tuition assistance
Hanon Systems recognizes our employees' critical role in the company’s success. We strive to attract and retain the best talent by supporting and promoting an inclusive working environment that embodies challenging assignments, safe and fair labor practices and is based on mutual trust and respect.
Hanon Systems is an equal opportunity employer committed to a culturally diverse workforce.
Salary.com Estimation for Cost Engineer - Electronics in Novi, MI
$66,273 to $85,047
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