Senior Manager (L5) - Cost Engineer - Electrical Prop

Role Overview: As a Cost Engineer - Proprietary Electrical at our company, your main responsibility will be to develop target costing and establish detailed should cost estimates for components. You will also be tasked with ensuring the delivery of design to cost and source to cost targets achievements for the component targets of programs. Your role will involve collaborating with engineering teams, performing cost driver analysis, and generating cost reduction ideas based on should cost driver analysis. Key Responsibilities: - Develop target costing and establish detailed should cost estimates for the components (Proprietary Electrical) - Generate directional cost, reference cost, and detail should cost targets for components based on various inputs across product development stages - Mature the directional/reference cost targets of components to detail should cost as the design evolves - Independently create error-free should cost models - Develop tooling cost estimates using should cost/reference cost models for calculating tooling should-cost and provide inputs for Capex target setting - Establish target cost for the components - Ensure on-time delivery of target cost sign off - Maintain a percentage of detailed should cost coverage at various gateways: Directional within +/-10%, Intermediate within +/-5%, Detailed 0 - Ensure/deliver design to cost and source to cost targets achievements for the component targets of programs - Pursue component cost targets with engineering to achieve design to cost targets for new programs - Perform cost driver analysis, design cost analysis on components to achieve design to cost targets - Conduct supplier quotation analysis with respect to should cost model and develop supplier negotiation fact pack for components - Perform Linear price performance models and generate opportunities to improve cost performance - Generate, provide valuation, and syndicate cost reduction ideas based on should cost driver analysis in cost reduction workshops to achieve component subsystem cost reduction targets - Utilize benchmarking, competition should costing, best of best cost driver analysis, and its application into various projects to drive cost efficiencies - Perform data analysis and execute analytics-based levers for idea generation (LPP, Weight Tree Cost Tree, Function Cost, etc.) Qualification Required: - Education: BE/B.TECH in Electrical/Electronics Engineering - Skills/Competencies: - Ability to use model should cost tools and databases for cost-effective design and manufacturing options - Proficiency in function-cost-value analysis, cost reduction idea generation, supply chain mapping, and category-specific software expertise such as CAD, PLM, FormSuite, etc. - Relevant Experience: 3 to 7 years of experience in technology type companies with knowledge of manufacturing processes such as casting, forging, electrical, plastics, sheet metal. Experience in lean manufacturing or six sigma programs will be considered a plus. Experience in EV-specific part development/sourcing/costing is preferred. Additional Details of the Company: (Omit this section as no additional details of the company are provided in the Job Description),