Infra Cost Engineer

Samsung Electronics • Taylor, TX

1d • $106,000 - $145,000 • Onsite

About The Position

The Cost Engineer manages, analyzes, and optimizes Infrastructure operating expenses (OPEX) and tool hook-up costs at Samsung Austin Semiconductor. The role provides financial and cost engineering support to Infrastructure operating departments by developing cost estimates, monitoring budgets, analyzing expenditures, improving forecasting accuracy, and identifying cost optimization opportunities.

The position works closely with engineering, construction, procurement, finance, and operational teams to support effective financial management, cost transparency, and disciplined execution of cost-saving initiatives while supporting operational requirements and business objectives.

Requirements

• Bachelor's degree in Industrial Engineering or another related engineering field.
• Minimum 6 years of relevant experience in cost engineering, cost management, financial analysis, project controls, or budgeting.
• Strong analytical and problem-solving skills, including the ability to interpret complex financial and operational data.
• Experience managing budgets, analyzing expenditures, monitoring variances, and supporting financial forecasts.
• Ability to work directly with technical and operational teams to gather information, challenge assumptions, and drive cost improvements.
• Strong communication, organization, and presentation skills.
• Ability to manage multiple priorities and meet reporting deadlines in a fast-paced manufacturing or construction environment.
• Strong understanding of cost engineering principles, budgeting, financial controls, and cost management methodologies.
• Knowledge of OPEX management, cost estimating, forecasting, variance analysis, and financial reporting.
• Ability to analyze large datasets, identify cost trends, and translate financial information into actionable recommendations.
• Understanding of procurement processes, purchase orders, contracts, change orders, and invoice management.
• Knowledge of construction and tool hook-up cost structures, including labor, materials, equipment, and contractor services.
• Strong financial and analytical mindset, with attention to detail and accuracy.
• Ability to independently investigate cost variances and identify root causes.
• Ability to challenge existing cost structures and identify opportunities for financial improvement.
• Strong business acumen to balance cost optimization with operational priorities.
• Ability to influence stakeholders and drive accountability across multiple operating departments.
• Excellent communication and presentation skills, including the ability to present financial information to management.
• Strong collaboration and relationship-building skills across technical and non-technical organizations.
• Ability to work independently, manage competing priorities, and deliver results with minimal supervision.
• Proactive approach to problem-solving, continuous improvement, and process standardization.
• Advanced Microsoft Excel skills, including pivot tables, financial modeling, and data analysis.
• Strong PowerPoint skills for management reporting and executive presentations.

Nice To Haves

• Experience with SAP or other ERP systems for budget tracking, purchasing, and financial reporting.
• Experience with Power BI, Tableau, or similar data visualization and reporting platforms.
• Familiarity with project cost management, forecasting, and data analytics tools.
• Ability to leverage digital solutions and automation to improve cost tracking and reporting efficiency.

Responsibilities

• Support the development, management, and control of annual Infrastructure OPEX and tool hook-up budgets.
• Monitor actual spending, commitments, purchase orders, accruals, and remaining budgets.
• Analyze budget variances, identify spending risks, and coordinate corrective actions with operating departments.
• Support monthly, quarterly, and annual budget planning and forecasting.
• Develop and maintain cost estimates, cost models, and historical cost benchmarks for Infrastructure projects and operational activities.
• Analyze cost drivers, including labor, materials, equipment, contractor pricing, and service costs.
• Identify opportunities to improve cost efficiency without compromising safety, quality, or operational reliability.
• Track and validate realized savings against approved targets and ensure savings translate into actual financial results.
• Drive continuous improvement through cost benchmarking, process optimization, and sharing best practices.
• Prepare monthly cost reports, management dashboards, and financial performance analyses.

Benefits

• Medical, dental, and vision insurance
• Life insurance
• 401(k) matching with immediate vesting
• Onsite cafés and workout facilities
• Paid maternity and paternity leave
• Paid time off, plus 2 personal holidays and 10 regular holidays
• Wellness incentives
• Eligible full-time employees may receive MBO bonuses based on company, division, and individual performance
• Company incentive compensation programs may be available based on organizational and individual performance

What This Job Offers

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