Cost Engineer - The Toro Company

The Toro Company•Perry, OK

1d•$80,000 - $104,000•Hybrid

About The Position

Cost Engineer: Responsible for supporting the business by developing, analyzing and documenting product cost estimates, by budgeting, planning and monitoring key investments and by actively participating in new product development (NPD), design and cost improvement (DCI), maintenance, make vs. buy and other special projects seeking to optimize the balance between cost, quality and time requirements.

Requirements

Degree (B.A. or B.S.) in engineering/industrial technology discipline, finance or a related field.
Cost Engineer I: Minimum of 1 year of experience in costing future product, product development or cost related positions.
Cost Engineer II: Minimum of 3 years of experience in costing future product, product development or cost related positions.
Ability to manage multiple projects
Ability to read, comprehend and apply engineering specifications and blue prints.
Understanding of manufacturing processes, bills of materials, product structures.
Understanding of value engineering and DFMA principals.
Demonstrates analytical and problem-solving skills.
Curious learner, self-starter with a continuous improvement mindset.
Makes recommendations to streamline and improve processes.
Strong written, verbal and interpersonal communication skills to team with and able to influence leaders.
Intermediate Excel skills with knowledge of Outlook, PowerPoint and Word.

Nice To Haves

Advanced degrees preferred.
SAP Experience preferred.

Responsibilities

Offers sound cost information and options when design choices are being made including value engineering, design for manufacture and assembly (DFMA), in-house and supplier capabilities, materials utilization and design alternatives for value optimization.
Manages product cost to target on projects with moderate complexity.
Sets the future cost estimate of the item when production is estimated to begin that will be used by the enterprise for ROI calculations and decision making.
Prepares supporting documentation (cost estimates) for project milestone review.
Provides analyzed cost data to Division Engineering, Plant Engineering/Operations, Marketing, and Finance for use in determining project direction, product pricing, parts pricing, budgeting, and internal rate of return investment calculations for new and current products.
Coordinates regular interaction with suppliers, strategic sourcing, advanced manufacturing engineers, manufacturing engineers, industrial engineers, design engineers and other resources in order to retain leading edge knowledge of processes available to The Toro Company.
Provides leadership and guidance in the area of cost avoidance, cost reduction, and standardization.
Provides cost estimating and pricing proposal development, with an understanding of the cost estimating model and knowledge in development of product, labor, freight and assembly rates and their interconnectedness.
Administers product costing models and standardized costing procedures.
Perform other duties as assigned.