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Cost Engineer
4 weeks ago
Cedar Recruitment is seeking a highly skilled Cost Engineer to join our team in Oxfordshire. As a Cost Engineer, you will play a crucial role in driving improvement ideas throughout the product life cycle, advising and implementing best practices in cost engineering, commercial, design, and procurement functions.
Key Responsibilities:- Develop in-depth understanding of various processes associated with complex commodities.
- Deliver robust detailed and directional Should Costs (estimates).
- Participate in supplier selection and supplier strategy planning.
- Support the development of cost models by commodity group suitable for anticipated production volumes.
- Generate bespoke cost models to suit supplier processes from scratch.
- Identify and drive material/process/layout improvements to be promoted as product cost reduction ideas.
- Identify and discuss cost gaps with suppliers, taking the lead in negotiating cost reduction ideas or gaps to expectation with use of supporting market data.
- Develop process improvements within the cost engineering, procurement, and engineering functions to support a cohesive team working environment.
- Strong knowledge of low and high-volume manufacturing processes and associated commercial cost drivers.
- Experience in developing electrical and mechanical commodities alike.
- Able to review and understand technical proposals, technical drawings, and specifications with the ability to translate these to non-technical staff.
- Utilize CAD modelling software (Siemens Teamcenter or similar) to support identifying cost drivers.
- Experience in using cost modelling software to create bottom-up should costs.
- Tooling cost driver knowledge also essential.
- Ability to identify gaps in know-how, willing to learn and develop knowledge of new commodities.
- Capable of developing and sharing cost engineering best practice methods with stakeholders.
- Able to manage multiple projects.
- A good understanding of cross-functional roles within the procurement/supply chain structure would be beneficial.
- The ability to demonstrate cross-functional teamwork is critical.
- Analysing and interpreting numerical data and reaching sound judgements and recommendations.
- Ability to work under own initiative and under pressure, in a controlled manner.
- Excellent communication skills both written and verbal.
- Able to present logical findings to various stakeholders.
This is a hybrid working role, with 2 days on site in Oxfordshire offices. A clean driving license is essential for supplier visits. If you are a motivated and experienced Cost Engineer looking for a new challenge, please apply today.
