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Senior Cost Engineer

Apex Recruitment Services

Crewe

On-site

GBP 40,000 - 80,000

5 days ago

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An established industry player is looking for a Senior Cost Engineer to enhance cost efficiency and drive strategic decisions. In this pivotal role, you will collaborate with procurement and engineering teams to set unit cost targets, implement cost-saving measures, and present financial performance reports. Your expertise in cost modelling and value engineering will be essential in optimising cost structures and improving product value. Join a forward-thinking organisation where your contributions will significantly impact the company's financial success and operational efficiency. If you are passionate about cost reduction and have a strong background in engineering or procurement, this opportunity is perfect for you.

Strong knowledge of manufacturing costs and cost optimisation.
Ability to analyse CAD drawings for cost estimation.

Define unit cost and investment targets for vehicle programmes.
Lead cost reduction programmes and assess engineering changes.

Cost Modelling

Value Engineering

Cost Analysis

Supplier Negotiations

Financial Reporting

Degree in Engineering

Degree in Procurement

Siemens TCPCM

SAP

Microsoft Suite

We are seeking a Senior Cost Engineer to support financial target setting for unit cost and investment at the system/component level. This role focuses on reducing costs for new and existing products while ensuring minimal investment. The Senior Cost Engineer will provide technical and financial expertise through cost modelling, value engineering, and collaboration with procurement, manufacturing, and engineering teams to identify cost-saving opportunities.

Key Responsibilities

Define unit cost and investment targets for vehicle programmes.
Use benchmark data and cost insights to support target setting.
Align targets across modules and establish component cost goals for current model projects.

Cost Control & Business Decision Support

Ensure designs meet cost targets by recommending cost-effective solutions.
Lead cost reduction programmes, including supplier workshops and tear-down analysis.
Assess engineering changes and supplier cost models, supporting negotiations.
Evaluate alternative designs and manufacturing methods to optimise costs.
Present financial performance reports on unit cost and investment.
Maintain visibility of cost risks and opportunities, driving corrective actions.
Educate teams on financial processes to improve cost management.

Process Improvement

Enhance cost engineering processes and collaboration between teams.
Implement best practices to drive efficiency.
Strong knowledge of manufacturing costs, supplier pricing, and cost optimisation.
Ability to analyse CAD drawings and engineering concepts for cost estimation.
Experience with costing systems (e.g. Siemens TCPCM, SAP) and Microsoft Suite.
Background in engineering, procurement, or commercial functions in automotive/aerospace.

Desirable Qualifications

Degree or equivalent in Engineering, Procurement, or related field.
Experience in supplier negotiations and value engineering.
Knowledge of virtual cost modelling tools.

Why Join Us?

This is a fantastic opportunity for a Senior Cost Engineer to drive cost efficiency within a leading organisation. Working closely with suppliers and senior management, you will optimise cost structures, enhance product value, and support strategic decisions.

If you have expertise in cost analysis, engineering, or procurement and a passion for cost reduction, apply now!

Seniority level

Mid-Senior level

Employment type

Full-time

Job function

Manufacturing

Industries

Motor Vehicle Manufacturing

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