Manager, Cost Modeling

Mars•Chicago, IL

8d•$79,280 - $109,010•Hybrid

About The Position

The Manager, Cost Modelling is responsible for building and scaling commercial capabilities in category intelligence, cost modelling, and cost engineering to drive value leadership across Prime spend. Acting as a hands-on strategic partner to Sourcing Managers, this role builds robust cost models, analyzes market intelligence, and develops analytical tools to elevate commercial rigor and support effective sourcing decisions. Success in this role requires a balance of category domain expertise, sourcing acumen, and advanced analytics. The individual independently solves complex commercial problems, delivers insights to influence cross-functional teams, and helps shape the capability roadmap.

Requirements

Bachelor’s Degree with 8+ 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 capability 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 feed the savings pipeline and anchor supplier negotiations.
Digitize cost-modelling capabilities and insights through the development and deployment of 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 determine clean cost baselines and fair market pricing.
Translate cost insights into actionable recommendations to influence product roadmaps, cross-functional teams, and sourcing strategies.
Deliver analytical support for long-range forecasting, capacity planning, cash delivery initiatives, and procurement negotiations.
Drive continuous improvement across materials, processes, and systems to ensure cost-optimal and sustainable manufacturing.