Senior Design to Cost Engineer

Abbott • Libertyville, IL

17d • Onsite

About The Position

At Abbott, you can do work that matters, grow, and learn, care for yourself and family, be your true self and live a full life. You’ll also have access to: Career development with an international company where you can grow the career you dream of . Free medical coverage for employees via the Health Investment Plan (HIP) PPO An excellent retirement savings plan with high employer contribution Tuition reimbursement, the Freedom 2 Save student debt program and FreeU education benefit - an affordable and convenient path to getting a bachelor’s degree. A company recognized as a great place to work in dozens of countries around the world and named one of the most admired companies in the world by Fortune. A company that is recognized as one of the best big companies to work for as well as a best place to work for diversity, working mothers, female executives, and scientists. The Opportunity This role, located at our Abbott Park, IL location, offers an exciting opportunity to lead cost-focused engineering initiatives and drive adoption of a new departmental service offerings designed to help Abbott divisions improve Gross Margins. As a Senior Design to Cost Engineer, you will provide thought leadership in design for cost, material and process analysis, and design for value. The position involves creating Statements of Work (SOWs), managing projects, and collaborating with cross-functional teams to identify cost optimization opportunities, replicate best practices, and ensure compliance with industry standards—all while championing the successful deployment of this new service offering across the organization. You will work on packaging and manufacturing technologies such as injection molding, thermoforming, extrusion, blow molding, and flexible film laminations is desired .

Requirements

• Bachelor’s degree in Mechanical Engineering or related technical field; MBA a plus.
• Minimum 5 years of experience in Engineering and/or Supply Chain within the medical device or packaging industry.
• Strong analytical skills with proficiency in MS Excel and other reporting tools.
• Experience in cost modeling, value engineering, and supplier capability assessment.
• Proven project management experience, including SOW creation and execution.
• Strong communication and influencing skills; ability to drive adoption of new processes or services.
• Excellent program/project management skills and ability to lead cross-functional teams.

Nice To Haves

• Experience in packaging technologies, plastics manufacturing, automated assembly or related field.
• Professional certifications such as PMP, CPSM, or CPM.
• Functional experience in Engineering, Quality, or Supply Chain.
• Knowledge of manufacturing processes for packaging and raw materials.
• International experience and supplier management expertise.
• Negotiation skills and ability to develop actionable implementation plans.

Responsibilities

• Build and manage cost modeling tools and databases for accurate forecasting and analysis.
• Drive total cost of ownership reductions through analytics and cost forensics methodology.
• Develop and implement strategies for design for cost and value engineering across packaging and product systems.
• Create and manage Statements of Work (SOWs) for cost optimization projects and oversee execution.
• Drive organizational engagement and ensure successful implementation of new departmental service offerings by effectively influencing stakeholders and promoting adoption across business units.
• Conduct material and process analysis to identify cost-saving opportunities.
• Perform product tear-downs and value-add/value engineering on medical devices and packaging systems.
• Lead project management activities, including timelines, budgets, and stakeholder communication.
• Collaborate with R&D, Quality, Engineering, and Commercial teams to align design strategies with business objectives.
• Explore competitive sourcing strategies and assist in defining category procurement strategies.
• Ensure compliance with ISO 13485, GMP, FDA, CE standards, RoHS, and REACH in all recommendations.
• Lead project teams with staff up to 10 individuals and coordinate across corporate functions and divisions to share best practices.
• Develop engineering playbooks for evaluating package integrity for existing and new products.
• Provide alternate design recommendations, including intellectual property considerations.
• Monitor market dynamics and technology trends to incorporate innovations into Abbott products.

Benefits

• Career development with an international company where you can grow the career you dream of
• Free medical coverage for employees via the Health Investment Plan (HIP) PPO
• An excellent retirement savings plan with high employer contribution
• Tuition reimbursement, the Freedom 2 Save student debt program and FreeU education benefit - an affordable and convenient path to getting a bachelor’s degree.
• A company recognized as a great place to work in dozens of countries around the world and named one of the most admired companies in the world by Fortune.
• A company that is recognized as one of the best big companies to work for as well as a best place to work for diversity, working mothers, female executives, and scientists.

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level
• Number of Employees: 5,001-10,000 employees