Senior Cost Planning Engineer
About The Position
The Senior Cost Planning Engineer supports Honda’s business targets by assessing whether part and system designs are cost competitive and provide reasonable value. The role coordinates cost-estimate data and stakeholder input to support cost proposals, track cost maturation, and produce credible cost reports. It also compares Honda parts’ cost and performance with other OEM competitors, identifies drivers of cost differences, and develops improvement opportunities. For themes with significant cost or investment impact, the role benchmarks competitive solutions and evaluates their functionality, cost effectiveness, and business merit. This is an onsite position; one remote workday per week may be possible with prior departmental approval.
Requirements
- Bachelor’s degree in a STEM field.
- At least 5 years of relevant experience; product development experience in the automotive sector is ideal.
- Demonstrable technical expertise in part materials and manufacturing processes.
- Understanding of the manufacturability of a particular design.
- Advanced CATIA skills for construction, layout, and proposal making.
- Good Microsoft Excel and PowerPoint skills for analysis, reporting, and presentations.
- Good interpersonal communication skills and ability to work in a fast-paced, cross-functional environment.
Nice To Haves
- Product development experience in the automotive sector.
Responsibilities
- Coordinate design, purchasing, and supplier stakeholders to gain consensus on part-by-part cost estimates.
- Track cost maturation in real time, identify gaps, and organize follow-up discussions to address them.
- Monitor that strategies are applied consistently with the assumptions needed to achieve cost targets.
- Collaborate with the Cost Planning Engineer to complete cost activities according to schedule.
- Compare Honda parts’ cost and performance positioning with other OEM competitors.
- Determine the characteristics driving cost differences and identify opportunities for improvement.
- Develop a persuasive explanation of why cost gaps exist and what actions should be taken.
- Benchmark competitive solutions for themes that significantly affect cost or investment, and study their functionality and cost effectiveness.
- Establish a business case for proposals, assess whether targets are reasonable and achievable, and raise concerns when business merit is lacking.
- Consult with and inform the Cost Engineer on R-theme support.
- Perform other related duties as assigned or requested.
Benefits
- Competitive base salary, with pay based on factors including geographic location and work experience.
- Paid overtime.
- Regional bonus when applicable.
- Medical, dental, vision, and prescription benefit plans.
- Paid time off, including vacation, holidays, and shutdown.
- Company-paid short-term and long-term disability.
- 401(k) plan with company match and additional contribution.
- Relocation assistance if eligible.
- Advancement opportunities and career mobility.
- Education reimbursement for continued learning.
- Training and development programs.
- Tuition assistance and student loan repayment.
- Lifestyle account.
- Childcare reimbursement account.
- Elder care support.
- Wellbeing program.
- Community service and engagement programs.
- Product programs.
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What This Job Offers
Job Type
Full-time
Career Level
Senior
