Cost Engineer

Jakks Pacific Inc • Santa Monica, CA

5d • $70,304 - $75,000 • Onsite

About The Position

Jakks Pacific Inc. is a leading designer and marketer of toys and consumer products with a wide range of products that feature some of the most popular brands and children’s toy licenses in the world. We are currently seeking a Cost Engineer for the Santa Monica office.

Requirements

• Bachelor of Science degree in Mechanical/Industrial/Manufacturing Engineering or equivalent degree.
• Minimum 3+ years’ experience in similar product development roles.

Nice To Haves

• Toy industry experience is valuable but not a must.

Responsibilities

• Collaborate with the Design team to review concept sketches and provide cost guidance during the early product development stage.
• Develop and maintain product cost estimates, and validate costs throughout the product lifecycle, from concept through production.
• Partner with the Asia Engineering team to analyze product designs and optimize material selection, manufacturing processes, assembly methods, and production efficiency to achieve target costs.
• Review factory quotations and cost breakdowns, identify cost-saving opportunities, and recommend improvements to achieve brand margin and profitability objectives.
• Work cross-functionally to identify and evaluate alternative design, material, or manufacturing solutions when target costs cannot be achieved.
• Maintain accurate cost models, historical cost databases, and cost benchmarking information to improve forecasting and support future product development.
• Estimate, validate, and optimize tooling costs to ensure projects remain within approved tooling budgets.

Benefits

• Medical, dental, vision, disability, life & accident insurance and employee assistance program
• 401K matching, pre-tax spending accounts, and employee discount programs
• Competitive salary

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level