Manufacturing Cost Engineer

Philips•Cambridge, MA

1d•Onsite

About The Position

Play a critical role at the intersection of manufacturing, engineering, and finance by driving accurate product costing, data integrity, and commercial decision support within our Ultrasound business. You will serve as the key link between Manufacturing Engineering and Finance, ensuring accurate product costing, commercial pricing inputs, and financial alignment across factory operations. You will manage and maintain cost-related master data in SAP and PDLM, ensuring accuracy across Bills of Materials (BOM), subassemblies, and configurable product structures. You will analyze supplier quotations, material costs, and overhead allocations to support cost optimization, pricing strategies, and make-versus-buy decisions. You will develop cost models, support business cases, and provide final validation/approval of factory costs to ensure financial accuracy and alignment with commercial expectations. You will partner cross-functionally with engineering, supply chain, procurement, and finance teams to prioritize workstreams, improve processes, and drive data-driven decision making.

Requirements

2+ years of experience in project engineering, manufacturing, costing, or a related field, ideally within a production or operations environment.
Product costing (BOM structures, subassemblies, overhead vs. material costs), data management, and process optimization skills, with strong attention to detail.
Experience working with SAP and/or PDLM systems, with a solid understanding of master data and system-driven cost structures.
Bachelor’s degree in Engineering (Industrial, Mechanical, Systems, or similar) or equivalent, with a strong interest in finance, costing, or commercial operations.
Highly collaborative professional with strong interpersonal skills, capable of working cross-functionally, prioritizing competing demands, and adapting to evolving business needs.
Must be able to successfully perform the following minimum Physical, Cognitive and Environmental job requirements with or without accommodation for this position.

Responsibilities

Serve as the key link between Manufacturing Engineering and Finance, ensuring accurate product costing, commercial pricing inputs, and financial alignment across factory operations.
Manage and maintain cost-related master data in SAP and PDLM, ensuring accuracy across Bills of Materials (BOM), subassemblies, and configurable product structures.
Analyze supplier quotations, material costs, and overhead allocations to support cost optimization, pricing strategies, and make-versus-buy decisions.
Develop cost models, support business cases, and provide final validation/approval of factory costs to ensure financial accuracy and alignment with commercial expectations.
Partner cross-functionally with engineering, supply chain, procurement, and finance teams to prioritize workstreams, improve processes, and drive data-driven decision making.