Cost Engineer

• Working closely with product and technical management to improve the product cost structure and identify ideas for product cost reduction
• Taking accountability for product design change cost analysis, product cost-down roadmap, product material (change) roadmap, product cost benchmarking reports, and data reliability of product data
• Chairing the Product Line cross-functional team meeting to monitor and coordinate cost-down activities
• Following up on the cost gate model for the new design introduction
• Monitoring product cost development against business case and product cost target
• Maintaining the basic product concept and participating in the development of the product cost model
• Updating product price lists (including options) according to the MP Product costing directive
• Providing support for pricing of new products and special applications
• Checking BOM correctness (including new releases) and making or buying variations
• Conducting monthly product cost analysis
• Checking and approving rolling forecast data for own products
• Assessing product cost reporting and initiating and suggesting changes to processes or tools
• Reviewing cost calculations and estimating margins for new and ongoing projects
• Preparing material for Product Portfolio Management forums

• Relevant academic background
• Understanding of the product and technical requirements related to cost, product competitiveness, and value proposition
• Solid fact-based decision-making skills
• Excellent communication and negotiation skills
• Financial understanding
• Proactive and positive can-do attitude
• Experience working in a cross-functional setting and managing stakeholder requirements
A track record from similar positions is considered an advantage