Product Cost Engineer

Meta Platforms, Inc.•Sunnyvale, CA

37d

About The Position

Be part of building new, innovative hardware that radically redefines the way people work, play, and connect! As a Product Cost Engineer at Meta Reality Labs, you will manage all aspects of the financial health of your product from early ideation and design stages all the way through the end of life of the product. You will team up cross-functionally with Operations, Engineering, Product Management, Sourcing, Finance and Contract Manufacturing teams to drive the product budget and supply chain continuity. You'll influence product architecture by supporting the cross-functional teams' decision making through trade-off analysis. In collaboration with cross-functional stakeholders, you will establish and refine product cost targets from early development stages.

Requirements

BS or higher in Electrical Engineering, Mechanical Engineering, Manufacturing & Operations Engineering or equivalent experience
5+ years of experience in product cost management roles in hardware technology products
Knowledge of Operations and Supply Chain with demonstrated effective communication skills
Experience adjusting to different communication styles and balancing non-cost variables
Problem solving, analytical and communication skills

Nice To Haves

Master's degree, MBA
8+ years of experience in product cost management roles in hardware technology products
Background in Finance, Sourcing, or Engineering

Responsibilities

Support cross functional teams in active reporting and management of Total Cost per Unit including Materials, Capital Expenditures, Manufacturing Value Add (MVA), Warranty, Freight and others
Develop cost models to support cost and product category boundary decisions
Use cost models to drive supply chain and scalability strategies
Use your technical expertise to drive engineering and the supply chain team to meet program cost targets at a product and commodity level for your project
Engage Hardware teams at a technical level to identify and drive cost reduction opportunities
Track program actual costs versus targets to identify deltas and come up with corrective actions to bring the costs back on track
Outline, report and track all risks & opportunities related to product cost and drive them to closure
Lead cross-functional cost reviews to report actual versus target costs and risks and opportunities for your program
Actively participate in cross functional reviews to understand cost implications of operational, engineering and/or process changes
Work with both Sourcing and Engineering to align on Supplier Plan of Record (SPOR) to ensure low cost and stable supply
Ensure that best practices for cost management are shared across different teams
help create scalable processes documenting some of the best practices in the organization