4,102 jobs for "Cost Engineer"

What you'll do:

Eaton announced, on June 11, 2026, the intent to combine its Mobility Group (including both the Vehicle and eMobility segments) with a new company. We expect to complete this process by the end of the first half of 2027. The compensation and benefits that will initially be offered for this position are based on Eaton's plans, programs and practices. If you are offered and accept this position and are actively employed by the Mobility Group when the transaction closes, the new company will provide further details to employees concerning compensation and benefits at that time.

The Should Cost Engineer will be responsible for developing part and product-level cost estimates working within the Supply Chain Management. The work will be process-based, will deploy analytical costing models and involve close collaboration with business stakeholders and subject-matter experts.

"1. Build should-cost models for parts and products using internal and external sources of information, tear-down analysis etc.
2. Develop cost estimates for PCB/PCBAs, electrical/electronic components, ECUs, sensors, connectors, wiring harnesses, motors, actuators, power electronics and electromechanical and mechatronics assemblies.
3. Analyze electronic BOM, raw-material, manufacturing, assembly, testing, tooling, overhead and supplier profit costs.
4. Run relevant should costing software and analytical models to generate cost estimates.
5. Validate cost estimates through benchmarking, supplier inputs, manufacturing knowledge and subject-matter experts.
6. Perform Total Cost of Ownership, supplier quotation and cost-gap analysis.
7. Reporting and Analytics - Should have good experience on data analysis, report preparation and presentation to senior leadership.
8. Support supplier negotiations, NPI, VAVE, cost-out and cost-avoidance initiatives.
9. Develop cost estimates using combination or individual approach - directional, manual and aPriori driven should costing"

This role would be for Mobility business. Eaton have recently announced to entered into a definitive agreement to combine our Mobility Group with Dana Incorporated - creating a scaled and differentiated engineered solutions partner well-positioned to serve commercial and light vehicle OEMs worldwide, as well as the associated aftermarket channels.

Qualifications:

Bachelor's degree in Electrical, Electronics, Mechatronics, Instrumentation or related engineering discipline
"Bachelor's Degree - 6-10 years of experience in should-costing, product costing or cost engineering
Or
Master's Degree with 4-6 years of relevant experience."

Skills:

" • Strong knowledge of electrical and electronics commodities, including PCB/PCBA, electronic components, inverters, wiring harnesses, connectors, sensors, ECUs, motors, actuators and power electronics.
• Good understanding of PCB fabrication, SMT, through-hole assembly, soldering, programming, testing and electronic assembly processes.
• Working knowledge of electrical and electronic BOMs, schematics, component specifications, manufacturing processes, cycle times, yield and tooling.
• Basic knowledge of mechanical commodities, including plastics, sheet metal, rubber, machining, die casting and mechanical assemblies.
• Proficiency in Design for Manufacturing and Assembly, procurement processes, PPAP, GD&T and raw-material analysis.
• Expertise in at least one should-costing tool, such as aPriori etc.
• Working knowledge of CAD tools such as AutoCAD, Creo or SolidWorks; familiarity with electronics design tools is an advantage.
• Experience in Total Cost of Ownership, supplier quotation analysis, fact-pack preparation and cost-gap analysis.
• Strong data analytics skills and ability to interpret 2D and 3D drawings.
• Proficiency in MS Office, ERP and PLM systems.
• Knowledge of emerging technologies, including AI, IoT, 3D printing and design thinking, with a strong aptitude for technology.
• Ability to develop and maintain should-cost databases covering material and component costs, process rates, regional benchmarks and lessons learned.
• Ability to support commodity and category strategies and deliver cost-out, cost avoidance, productivity and accuracy targets."
" • Strong business acumen, presentation, negotiation and decision-making skills.
• Ability to collaborate effectively with global cross-functional teams.
• Ability to train and coach team members on should-cost methodologies.
• Effective verbal and written communication skills.
• Strong sense of urgency, stakeholder focus and results orientation.
• Ability to independently manage multiple projects, priorities and deadlines with minimal direction."

About Eaton

Eaton is an intelligent power management company dedicated to improving the quality of life and protecting the environment for people everywhere.

Size: 10,000+ employees
Industry: Engineering

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