At Magna, you can expect an engaging and dynamic environment where you can help to develop industry-leading automotive technologies. We invest in our employees, providing them with the support and resources they need to succeed. As a member of our global team, you can expect exciting, varied responsibilities as well as a wide range of development prospects. Because we believe that your career path should be as unique as you are. Group Summary: Transforming mobility. Making automotive technology that is smarter, cleaner, safer and lighter. That’s what we’re passionate about at Magna Powertrain, and we do it by creating world-class powertrain systems. We are a premier supplier for the global automotive industry with full capabilities in design, development, testing and manufacturing of complex powertrain systems. Our name stands for quality, environmental consciousness, and safety. Innovation is what drives us and we drive innovation. Dream big and create the future of mobility at Magna Powertrain. Mission of the Position: The Expert , Target Costing is responsible for developing the target cost for specific products and analyze Customer or Product Management Targets. In this role he/she defines realistic “allowable” costs on product / sub-system ( level ) . He/she works closely with the related Product Manager and Product Line Manager to follow mid- and long-term planning of the quote activities to achieve competitiveness of the group. Breakdown of target price (either from Product Manager or from Sales) into assignable categories based on best practices & competitive intelligence. Enable quicker and more efficient quote activities through competitive intelligence on costs. Provide the quoting team with clear assumptions on what drives the target cost and categories with the intention to increase the ability to take calculated risks and reduce the non-value add firm design and quoting activities before GPMS gate 0. Ensure a design-to-cost (DtC) mindset.