Mechanical Should Cost Engineer
Job Description Summary
We are looking for a highly analytical and technically proficient Should Costing Engineer with a strong foundation in mechanical engineering and manufacturing processes. This role is critical in supporting design-to-cost initiatives by working closely with product engineering teams to influence cost-effective design decisions early in the development cycle. The ideal candidate will have deep knowledge of mechanical parts such as sheet metal enclosures, busbars, heat sinks, and fasteners, and will be responsible for building accurate cost models based on engineering and manufacturing insights.
Job Description
Key Responsibilities:
• Collaborate with engineering teams to support design-to-cost strategies during product development.
• Analyze engineering drawings, 3D models, and specifications to understand design intent and cost drivers.
• Develop detailed cost models for mechanical components including:
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o Sheet metal (cutting, bending, welding, surface treatment)
o Busbars (extrusion, machining, plating)
o Heat sinks (extrusion, die casting, CNC)
o Fasteners (standard/custom)
• Develop detailed cost models for Electro-mechanical components line Transformer, Reactors
• Provide cost feedback and recommendations to optimize designs for manufacturability and cost efficiency.
• Maintain cost benchmarks and databases for various manufacturing processes and materials.
• Engage with sourcing and procurement teams to validate supplier quotes and support cost negotiations.
• Participate in supplier discussions to ensure transparency and alignment on cost structures.
• Prepare and present cost analysis reports to cross-functional stakeholders.
Required Skills & Qualifications:
• Bachelor's degree in Mechanical Engineering or related field.
• 10+ years of experience in should costing, cost engineering, or product cost management.
• Strong understanding of mechanical design principles and manufacturing processes.
• Proven experience in design-to-cost or value engineering initiatives.
• Advanced proficiency in Microsoft Excel (formulas, pivot tables, data analysis).
• Ability to interpret engineering drawings and CAD models.
• Experience in supplier engagement and cost breakdown validation.
• Excellent analytical, communication, and interpersonal skills.
Preferred Qualifications:
• Familiarity with cost estimation tools (e.g., aPriori) and ERP systems.
• Strong proficiency in Microsoft Excel for cost modelling and analysis
• Exposure to global sourcing and supplier markets.
• Experience working in cross-functional teams (engineering, sourcing, quality, finance).
Additional Information
Relocation Assistance Provided: Yes
Perks and Benefits
Health and Wellness
- Health Insurance
- Health Reimbursement Account
- Dental Insurance
- Vision Insurance
- Life Insurance
- Short-Term Disability
- Long-Term Disability
- FSA
- FSA With Employer Contribution
- HSA
- HSA With Employer Contribution
- Fitness Subsidies
- On-Site Gym
- Mental Health Benefits
Parental Benefits
- Adoption Assistance Program
- Family Support Resources
- Birth Parent or Maternity Leave
- Adoption Leave
Work Flexibility
- Flexible Work Hours
- Remote Work Opportunities
- Hybrid Work Opportunities
Office Life and Perks
- Commuter Benefits Program
- Casual Dress
- On-Site Cafeteria
- Holiday Events
Vacation and Time Off
- Unlimited Paid Time Off
- Paid Holidays
- Personal/Sick Days
- Summer Fridays
Financial and Retirement
- 401(K)
- Stock Purchase Program
- Performance Bonus
- Relocation Assistance
- Financial Counseling
- Profit Sharing
- 401(K) With Company Matching
Professional Development
- Tuition Reimbursement
- Access to Online Courses
- Lunch and Learns
- Leadership Training Program
- Internship Program
- Associate or Rotational Training Program
Diversity and Inclusion
- Diversity, Equity, and Inclusion Program
- Employee Resource Groups (ERG)
- Unconscious Bias Training
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