Job Title

Job Title:Cost Engineer Reports To:Cost Engineering Manager Function:PurchasingPosition Focus: The Cost Engineer is a critical role in the global cost engineering organization will provide support to global purchasing and finance teams. The cost engineer will develop cost models for automotive components-based cost accounting principles and assist purchasing in sourcing negotiations based on factual data.Scope: Requires limited supervision and a thorough knowledge of activity based clean sheet costing in the automotive/electrical systems industry. Any cost engineering experience in the automotive OEMs or TIER 1s is a big plus.Education:BE/B Tech (Mechanical/Electronics/ Electrical) required. MBA or Masters in an engineering field preferred.Experience:Requires 6+ years cost modeling, cost engineering and/or purchasing experience with a working knowledge of activity-based costing principles.Position Specific Requirements: Understanding of activity-based costing principles in manufacturing Ability to analyze production steps and costs in supplier manufacturing facilities Knowledge of automotive manufacturing processes Metal Stamping, Fabrications, Plastic Injection Moulding etc.. Ability to work in a cross functional environment incl. purchasing, engineering. finance and manufacturing. Ability to explain gaps between should costs and supplier pricing based on factual data High level of independent judgment, initiative, creativity, and the managing multiple projects Key competencies for success in position include: - Problem solving and analytical thinking - Priority setting and time management - Action oriented / produces results Effective communication, presentation and interpersonal skills required to communicate with a global team in a timely manner.