Cost Engineer

Spin Master•Wilton, CT

3d•$105,000 - $115,000•Hybrid

About The Position

You will be responsible for leading cost optimization across Spin Master’s global product portfolios, from initial concept through production, to maximize consumer value and ensure product profitability. In this role, you will generate preliminary cost estimates from sketches or early CAD models, apply design-for-manufacturing/assembly (DFMA) principles, and partner with large cross-functional teams to balance design integrity, technical feasibility, and business financial targets.

Requirements

Proven track record in cost engineering, cost estimating, product engineering, or a related development-support field.
Deep technical knowledge of manufacturing processes, including injection molding, automated assembly, wood, plastics, fabrics, electronics, and packaging components.
Strong competency in applying design-for-manufacturing and design-for-assembly (DFMA) principles.
Demonstrated ability to interpret design sketches, preliminary CAD, and technical specifications to build robust bottom-up cost models.
Experience leading cross-functional cost-reduction initiatives and presenting project progress to executive leadership.
Ability to travel domestically and internationally to support on-site vendor projects.

Nice To Haves

Prior experience in toys, games, soft goods, or consumer packaged goods (CPG) is preferred.
Bachelor’s or Master’s degree in Mechanical Engineering, Industrial Engineering, or a related engineering discipline is preferred.

Responsibilities

Provide accurate preliminary cost estimates for parts, assemblies, and finished goods across diverse toy product categories.
Collaborate with Product Design, Development, and Brand Marketing to provide technical guidance and cost assessments on new concepts.
Lead product cost optimization and Value Analysis/Value Engineering (VA/VE) meetings to identify cost reduction opportunities and improve margin performance.
Analyze and itemize product functions or assemblies to assist design and marketing teams with feature prioritization.
Train, guide, and mentor product development team members on cost estimation methodologies and cost reduction techniques.
Partner with Global Sourcing teams to evaluate vendor quotations, establish initial component costs, and drive overall reductions in tooling capital expenditures.
Maintain and evolve internal ballpark costing tools, metrics, and portfolio management software.
Conduct on-site evaluations at production vendors to support brand-wide cost-saving initiatives and optimize manufacturing processes.
Assess new materials, automation opportunities, and advanced manufacturing techniques for integration into future product lines.