Product Cost Engineer

Meta•Sunnyvale, CA

36d

About The Position

Meta Platforms, Inc. (Meta), formerly known as Facebook Inc., builds technologies that help people connect, find communities, and grow businesses. When Facebook launched in 2004, it changed the way people connect. Apps and services like Messenger, Instagram, and WhatsApp further empowered billions around the world. Now, Meta is moving beyond 2D screens toward immersive experiences like augmented and virtual reality to help build the next evolution in social technology. To apply, click “Apply to Job” online on this web page.

Requirements

Master’s degree(or foreign degree equivalent) in Industrial and Systems Engineering, Computer Science, Computer Engineering, Electronics and Communication Engineering, Engineering Management, Management Information Systems, Business Administration or related field and 1 year of work experience in job offered or in an engineering-related occupation
Experience must include 1 year of experience in the following:
Cost model/ structure analysis
New Product Introduction (NPI management)
Cost risk, cost optimization, and opportunity management
Program and Project management methodologies
Data analysis and data modeling
Statistical analysis
Strategic planning
Microsoft Office Suite, Data visualization tools (Tableau/ Power BI), MATLAB, R, and MySQL Database
Supply chain management and
Product Development Process of consumer electronics

Responsibilities

Utilize technical expertise to assess and drive financial health of assigned VR (virtual reality) products from initial concept through mass production.
Use technical expertise to drive engineering and the supply chain team to meet program cost targets at a product and commodity level for projects.
Challenge hardware teams at a technical level to run DOEs to enable cost down efforts from a technology standpoint.
Track the program actual costs versus target to identify program deltas and corrective actions to bring back on track.
Outline, report, and track all program risks and opportunities related to product cost and drive them to closure.
Drive cross-functional cost reviews to report out actual versus target cost and risks and opportunities for each program.
Attend program new product introduction meetings to understand the cost implication of engineering and/or process changes.
Work with both the global supply management and engineering teams, oversee the establishment of a supplier plan of record (SPOR) for all products.
Drive the supply chain and operations team to provide detailed cost reduction forecasts to meet and exceed product goals.
Work with the OPM team to create a capital expenditures budget by program.
Track actuals to budget and identify opportunities for capital expenditures reduction and capital expenditures reuse on future programs.
Apply technical knowledge of consumer electronics, computer hardware, product development, including design, testing, and manufacturing, costing methodologies, and supply chain management.