Manager, Cost Modeling
Mars•Chicago, IL
•$79,280 - $109,010•Hybrid
About The Position
The Manager, Cost Modeling builds and scales commercial capabilities in category intelligence, cost modeling, and cost engineering to drive value leadership across Prime spend. As a hands-on strategic partner to Sourcing Managers, the role develops robust cost models, analyzes market intelligence, and creates analytical tools that strengthen commercial rigor and support sourcing decisions. The position requires category expertise, sourcing acumen, and advanced analytics to solve complex commercial problems, influence cross-functional teams, and help shape the capability roadmap.
Requirements
- Bachelor’s degree and at least 3 years of experience in Procurement, Finance, Cost Engineering, or Supply Chain.
- Direct experience in packaging, raw materials, or external manufacturing within CPG, FMCG, or management consulting.
- Strong functional expertise in procurement.
- Proven track record in project execution and process management in matrixed environments.
- Highly analytical, with exceptional problem-solving, critical-thinking, and data-synthesis skills.
Nice To Haves
- Broader end-to-end supply chain or plant manufacturing experience.
- Experience operating within or supporting a Procurement Center of Excellence.
- Multi-category cost engineering and parametric should-cost development experience.
- Demonstrated track record of leading cross-functional alignment across technical and commercial teams.
Responsibilities
- Develop should-cost models for raw materials, packaging, and finished goods, isolating key cost drivers to support the savings pipeline and supplier negotiations.
- Digitize cost-modeling capabilities and insights by developing and deploying digital tools and templates.
- Evaluate internal specifications against industry standards to identify value-engineering and cost-saving opportunities.
- Calculate yields, scrap, labor, overhead, and supplier margins to establish clean cost baselines and fair market pricing.
- Translate cost insights into actionable recommendations that influence product roadmaps, cross-functional teams, and sourcing strategies.
- Provide analytical support for long-range forecasting, capacity planning, cash delivery initiatives, and procurement negotiations.
- Drive continuous improvement across materials, processes, and systems to support cost-optimal and sustainable manufacturing.
Benefits
- Industry-competitive salary and benefits package
- Company bonus
- Medical and dental benefits
- Participation in a 401k plan
- Paid time off
- Learning and development support, including access to Mars University
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What This Job Offers
Job Type
Full-time
Career Level
Manager
