Cost Engineer - Derby

  • Location

    Derby

  • Sector:

    Rail

  • Job type:

    Permanent

  • Contact:

    James Powell

  • Job ref:

    24901

  • Published:

    5 months ago

  • Expiry date:

    2020-09-01

  • Consultant:

    #

Cost Engineer

Derby

£50,000 upwards

Manufacturing

 

TXM Recruit are working with a global leader in transportation manufacturing who continuously break new ground in sustainable mobility by providing integrated solutions that create substantial benefits for operators, passengers and the environment. They have an urgent requirement for a Cost Engineer to join their Derby site.

You will be joining at an exciting time with this being a newly created designated function for Cost Engineering that will grow and develop within this large business and varied project portfolio. As Cost Engineer you will  define innovative ways for cost optimisation for product development and efficiency in delivery across the product cycle, covering a large range of mobility solutions.

You will play a key role in ensuring that the objectives in terms of cost and lead time reduction are successfully met in every project. You will be one of the main drivers in building a culture oriented on value optimisation and continuous improvement across the entire organisation.

Responsibilities

  • Plan and construct cost / price estimates of various parts, assemblies and systems in support to Procurement and Engineering organisations.
  • Understand technology, manufacturing process, and supply chain cost drivers.
  • Perform cost driver, breakdown, and benchmark analyses, by analysing product requirements and specifications with Engineering.
  • Structure large sets of data in a format that is easy to leverage.
  • Participate to supplier visits, identify cost reduction potential from a design, manufacturing, supply chain point of view, make recommendations.
  • Collect high amount of data to perform should costing analyses at part and assembly levels
  • Adopt a Total Cost of Ownership approach while estimating the cost of parts and assemblies, including cost of manufacturing, supplier supply chain, transportation, taxation, mark ups, over consumption, risks, manufacturing inefficiencies, etc.
  • Analyse and quantify economic implications of client requirements onto the design and manufacturability of some parts and assemblies.
  • Participate to multi-functional workshops, particularly with Engineering and Methods, aiming at identifying cost reduction initiatives, through Design to Cost, Design to Manufacturing and Design to Value.
  • Prepare negotiation dossiers with the Procurement organisation, and prepare business cases.
  • Analyse complex systems from CAD, prototypes and on the shop floor.
  • At least 3 years of professional experience in a Costing function, preferably within the transportation industry
  • Track record of successful benchmark, or should cost induced negotiations, and/or supply cost improvement initiatives
  • Abilities to challenge the status quo, at fast pace
  • Abilities to work across functions, and in teams
  • Ability to work in an international environment
  • Strong organization skills
  • Continuous improvement and performance oriented
  • Willingness to travel for business purposes. 

Qualifications

  • At least 3 years of professional experience in a Costing function, preferably within the transportation industry
  • Track record of successful benchmark, or should cost induced negotiations, and/or supply cost improvement initiatives
  • Abilities to challenge the status quo, at fast pace
  • Abilities to work across functions, and in teams
  • Ability to work in an international environment
  • Strong organization skills
  • Continuous improvement and performance oriented
  • Willingness to travel for business purposes.

If you are interested in joining this newly created department within a growing and global business please click apply today or contact James Powell at TXM Recruit