Location: Hybrid – 60% on-site
Contract: Driving Licence: We are seeking a Senior Cost Engineer to support financial target setting for unit cost and investment at the system/component level. This role focuses on reducing costs for new and existing products while ensuring minimal investment. The Senior Cost Engineer will provide technical and financial expertise through cost modelling, value engineering, and collaboration with procurement, manufacturing, and engineering teams to identify cost-saving opportunities.
Financial Target Setting
Define unit cost and investment targets for vehicle programmes.
Use benchmark data and cost insights to support target setting.
Align targets across modules and establish component cost goals for current model projects.
Lead cost reduction programmes, including supplier workshops and tear-down analysis.
Data & Financial Reporting
Present financial performance reports on unit cost and investment.
Maintain visibility of cost risks and opportunities, driving corrective actions.
Educate teams on financial processes to improve cost management.
Ability to analyse CAD drawings and engineering concepts for cost estimation.
Siemens TCPCM, SAP) and Microsoft Suite.
Background in engineering, procurement, or commercial functions in automotive/aerospace.
Degree or equivalent in Engineering, Procurement, or related field.
Knowledge of virtual cost modelling tools.
If you have expertise in cost analysis, engineering, or procurement and a passion for cost reduction, apply now!