Costing Engineer

Responsibilities: Provide guidance to designers and design engineers on 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 molded components) based on sample parts, CAD models, and engineering drawings. Develop cost targets for electrical engine parts (harness, PCB, PCB assemblies, DC motors, batteries) based on schematics, CAD models, and engineering drawings. Provide should-cost analysis reports to the procurement team for supplier negotiation purposes. Conduct competitive benchmarking and teardown analysis; develop should-cost models. Participate in value analysis (VA) and value engineering (VE) activities and generate cost reduction ideas for current production products. Present project cost updates, risks, and opportunities to senior management on a monthly basis. Serve as a cost information resource for assigned projects across the organization, including upper management, marketing, sales, engineering, finance, and manufacturing. Provide monthly cost reports and cost tracking for current products.