Senior Engineer I, Costing

Product Cost Management Job Description

Position Summary

The Product Cost Leader is responsible for establishing, governing, and optimizing the end-to-end cost structure of new offers/products during the new offer lifecycle. The role ensures that new offers are launched within target cost, achieve required profitability and meet business case commitments through close collaboration with Engineering, Procurement, Manufacturing, Supply Chain and Product Management teams.

Key Responsibilities

New Offer Cost Development

• Develop detailed product cost models during concept, design, and industrialization phases- CSC derivation and evolution.
• Analyse product designs, manufacturing processes, and cost drivers to achieve product cost targets.
• Support pricing and business case development.
• DCMP utility and analysis

• Lead cost optimization initiatives before product launch.
• Evaluate supplier quotations and negotiate cost improvement opportunities.

• Evaluate manufacturing processes and conversion costs (MBC, DVC)
• Support industrialization teams in identifying productivity improvements.
• Analyse labour content, machine utilization, tooling, and capex requirements

Key Deliverables

• Cost Breakdown Structure
• Cost Risk & Opportunity
• Cost Review Presentations
• Business Case Study
• AOC during Cost Evolution

Technical Competencies

Cost Management

• BOM Cost Analysis, Manufacturing Process Costing.
• Strong analytical and problem-solving skills.
• Ability to collaborate and influence cross-functional teams
• Curiosity to understand both the technical and financial aspects of a product
• Strong business acumen

Digital Tools

• Advanced Excel, DCMP, AI tools for costing

Experience

• Product Costing, Cost Engineering, Industrialization, Manufacturing Finance, NEW Product or Offer Development

Rewards designed for you

Our Total Rewards is our way of saying: We see you and we value you. It’s more than just pay and benefits—it’s a meaningful investment in you. It is designed to help you perform, grow, feel safe, and elevate your potential. The package helps you care for yourself and your family, plan your future, grow your skills and career, collaborate in an inclusive workplace, and contribute to your community. At Schneider Electric, we’re here for what matters most to you. Discover more at our Career Page.

• Country-specific programs and initiatives may be available.

Looking to make an IMPACT with your career?

When you are thinking about joining a new team, culture matters. At Schneider Electric, our values and behaviors are the foundation for creating a great culture to support business success. We believe that our IMPACT values – Inclusion, Mastery, Purpose, Action, Curiosity, Teamwork – starts with us.

IMPACT is also your invitation to join Schneider Electric where you can contribute to turning sustainability ambition into actions, no matter what role you play. It is a call to connect your career with the ambition of achieving a more resilient, efficient, and sustainable world.

We are looking for IMPACT Makers; exceptional people who turn sustainability ambitions into actions at the intersection of automation, electrification, and digitization. We celebrate IMPACT Makers and believe everyone has the potential to be one.

Become an IMPACT Maker with Schneider Electric – apply today!

€40 billion global revenue
+9% organic growth 150 000+ employees in 100+ countries