Advanced Cost Optimization Engineer

Honeywell•Arvada, CO

7h•$106,000 - $132,000•Onsite

About The Position

As an Advanced Mechanical Design Engineer at Honeywell, you will contribute to product cost competitiveness through value engineering, design optimization, standardization, and manufacturing improvements. You will identify and implement sustainable cost reductions while maintaining product performance, quality, reliability, safety, and customer requirements. Reporting directly to the Engineering Manager, you will work onsite in Arvada, Colorado. You will lead technically complex cost-reduction initiatives from opportunity identification through engineering validation, implementation, and verification of realized savings. The role includes technical leadership for multidisciplinary project teams and mentoring less-experienced engineers. Honeywell also describes its people leaders as supporting employee development, recruiting and developing talent, driving retention and engagement, and fostering an inclusive culture.

Requirements

Bachelor’s degree from an accredited institution in a technical discipline such as science, technology, engineering, or mathematics.
At least 6 years of experience in mechanical design, value engineering, product engineering, manufacturing engineering, or related product-development activities.
Strong knowledge of mechanical design principles, manufacturing processes, component selection, engineering materials, and product validation.
Experience interpreting and creating engineering drawings, specifications, tolerances, and bills of material.
Experience supporting engineering change processes and implementing changes into production.
Ability to analyze technical and cost data and translate findings into actionable engineering projects.
Must be a U.S. Person, defined as a U.S. citizen, U.S. permanent resident, or person with protected status in the U.S. under asylum or refugee status, or have the ability to obtain export authorization.

Nice To Haves

Advanced degree in Mechanical Engineering, Manufacturing Engineering, Industrial Engineering, or a related technical field.
Experience with VA/VE, DFMA, Lean Manufacturing, Six Sigma, FMEA, and structured problem solving.
A track record of leading successful cost-reduction, product-optimization, or continuous-improvement projects with measurable financial results.
Experience with machining, castings, forgings, fabricated structures, piping systems, instrumentation, motors, heat exchangers, and purchased mechanical components.
Experience collaborating directly with suppliers on design optimization and cost reduction.
Experience with CAD, PLM, ERP, product configuration, and engineering change-management systems.
Strong analytical and problem-solving skills, including the ability to balance cost, quality, delivery, reliability, and technical risk.
Strong communication skills and ability to present technical and financial recommendations to leadership.
Experience collaborating with multidisciplinary teams to deliver integrated solutions.
Drive to improve safety, quality, and processes.
Ability to thrive in a fast-paced manufacturing environment.
Experience working effectively across Engineering, Manufacturing, Supply Chain, Quality, and Operations.

Responsibilities

Lead engineering cost-reduction initiatives across existing products, components, assemblies, auxiliary systems, and manufacturing processes.
Identify and prioritize cost-reduction opportunities using product teardowns, bill-of-material analysis, historical cost analysis, engineering reviews, supplier input, and benchmarking.
Apply Value Analysis / Value Engineering (VA/VE) and Design for Manufacturability and Assembly (DFMA) methodologies while maintaining functional and customer requirements.
Drive product standardization and simplification by reducing unnecessary options, customization, part proliferation, and design complexity.
Develop solutions involving alternate materials, manufacturing processes, component designs, suppliers, and product configurations.
Develop business cases covering projected savings, implementation costs, engineering effort, tooling requirements, technical risk, and expected payback.
Work with Manufacturing Engineering, Supply Chain, Sourcing, Quality, Project Management, and Operations to implement cost-reduction projects.
Partner with suppliers to identify component redesign, manufacturing-process, material, and sourcing opportunities.
Perform or coordinate engineering analysis, calculations, tolerance analysis, risk assessment, testing, and validation to qualify proposed changes.
Create and approve engineering changes, drawings, specifications, bills of material, and supporting technical documentation.
Ensure initiatives comply with engineering standards, product and customer requirements, regulatory requirements, and internal change-control processes.
Provide technical disposition of non-conforming components and identify opportunities to reduce Cost of Poor Quality (COPQ).
Maintain a pipeline of cost-reduction opportunities and drive projects from concept through production implementation.
Partner with Finance and Operations to verify realized savings and monitor post-implementation results.
Provide technical leadership to multidisciplinary project teams and mentor less-experienced engineers in value engineering and structured problem-solving methods.
Communicate project status, financial impact, technical risks, recommendations, and implementation plans to engineering and business leadership.