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Automotive Cost Optimization Specialist
2 months ago
Polestar is seeking a highly skilled and motivated individual to join our team as an Automotive Cost Optimization Specialist. This is an exciting opportunity to drive cost optimization activities across all our vehicles and contribute to the company's success.
Key Responsibilities- Manage the Cost Analysis Portfolio, conducting thorough analyses of current vehicle costs and identifying opportunities for cost reduction.
- Develop, implement, and oversee cost-saving initiatives without compromising vehicle quality and performance.
- Collaborate with procurement to engage with suppliers in the negotiation of better commercial terms, reducing material and production costs.
- Work closely with engineering, procurement, finance, and manufacturing teams to identify and execute cost reduction projects for Polestar.
- Participate in design and engineering reviews to ensure cost efficiency is considered in the design and development of new vehicle models across functional domains.
- Coordinate with the supply chain team to evaluate and select cost-effective materials and components for new vehicles and model year changes.
- Regular reporting and presentations of the progress of cost-saving initiatives to internal and external audiences.
- Monitor and report on the financial impact of cost reduction initiatives.
- Initiate and/or participate in research and engineering projects relating to materials and functions.
- Work closely with core engineering, procurement, finance, and manufacturing teams to identify and execute cost reduction projects for Polestar.
- Participate in design and engineering reviews to ensure cost efficiency is considered in the design and development of new vehicle models across functional domains.
- Coordinate with the supply chain team to evaluate and select cost-effective materials and components for new vehicles and model year changes.
- Collaborate with internal stakeholders, representing the exterior team in cross-functional work groups.
- Work closely with the Cost Engineer Lead to cascade and distribute targets and track status.
- Conduct mass benchmarking activities to identify risks and opportunities.
- Strong analytical skills with the ability to interpret complex data using relevant software tools (e.g. MS Office Suite, JIRA, Confluence), and create clear, understandable output.
- Any product development experience, particularly within vehicle program delivery, will be seen as a distinct benefit, as will familiarity with lean manufacturing principles or other cost reduction methodologies.
- Ability to form strong networks across the various business functions (R&D, Manufacturing, Procurement, Logistics, Finance), working in a transparent manner, and employing excellent negotiation, communication, and presentation skills.
- Relevant university degree in design, automotive, environmental bias, sustainability, climate studies, materials.
- Proven experience in cost reduction, cost analysis, or a related role within the automotive or manufacturing industry.
- Proven track record in managing projects and cross-functional work groups.
- Experience in an OEM or supply chain for exterior components and materials.
- Sustainable mindset regarding materials and manufacturing.
