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Senior Cost Engineer

Company: Caterpillar
Location: Aurora
Posted on: January 20, 2023

Job Description:

Job DescriptionCareer Area: Engineering

Job Description:

We currently have an exciting and impactful career opportunity for you to join our Medium Wheel Products (MWP) team as a Senior Cost Engineer / Project Team Leader. This role will have the opportunity to ensure the Medium Wheel Product business continues to be lean and competitive by helping define and manage long-term competitive cost targets as well as the formation and tracking of projects. You will be responsible for rolling up costs for new product and new facility programs. You will lead global cost reduction projects, bringing together cross-functional and diverse teams to achieve cost reduction goals. You will also stay abreast of innovations in Cat and competitive products to identify new opportunities and coach engineering teams on competitive cost structures and objectives.

Responsibilities include but are not limited to:

  • Developing world-wide competitive-based product cost targets by collaborating with global cost team members, business resources, and engineering to achieve global competitive cost positions.
  • Developing and maintaining competitive, external product cost comparisons
  • Coordinating and maintaining full MWP cost bill of material with engineering and business resources
  • Leading cross-functional teams on global, high value cost reduction projects that will enable MWP to achieve cost reduction targets
  • Ensuring alignment and communication of new product/new facility program objectives with long-term product value expectations while driving collaboration with engineering, marketing, supply chain, accounting, purchasing, and manufacturing
  • Supporting leadership team in assessing financial impact of design, sourcing, and make/buy proposals to ensure alignment with our business objectives and product strategy
  • Ensuring accurate and timely cost reporting
    • Leading and managing the monthly cost governance reviews
    • Supporting quarterly reviews lead by business resources on current product / cost structure Required Qualifications:
      • Bachelor's degree in an accredited Engineering, Computer Science, or Materials Science curriculum
      • 8 or more years of relevant work experience, including product, system, or component design experience
      • Familiarity with cost accounting and cost analysis tools Top candidates will also bring (Desired Qualifications):
        • Strong machine level experience and technical knowledge, including design, manufacturing, and product application knowledge
        • Previous experience in sourcing analysis, cost modeling, packaging, and/or Total Cost of Ownership (TCO) models
        • Project management experience
        • Strong analytical skills
        • Proven team leadership, communication, and collaboration skills
        • Proven ability to work well with a diverse global team
        • Experience with data analytics International travel required (10-15%)

          Relocation is available for this position

          Sponsorship is not available

          Your Work Shapes the World

          Whether it be groundbreaking products, best in class solutions or creating a lifelong career, you can do the work that matters at Caterpillar. With a 95-year legacy of quality and innovation and 150 locations in countries around the world, your impact spans the globe.

          When you join Caterpillar, you are joining a team of makers, innovators and doers. We are the people who roll up our sleeves and do the work to build a better world. We don't just talk about progress and innovation. We make it happen. And we are proud of that, because it helps our customers build and power the world we live in - the roads, hospitals, homes and infrastructure. Without a dedicated workforce Caterpillar could not effectively meet our customer's needs. Join us.

          Employee benefit details

          Our goal at Caterpillar is for you to have a rewarding career. Our teams are critical to the success of our customers who build a better world.

          Because we value your performance, we offer a total rewards package that provides day one benefits (medical, dental, vision, RX, and 401K) along with a short-term incentive plan

          Additional benefits include paid vacation days and paid holidays (prorated based upon hire date).

          Final details

          Please frequently check the email associated with your application, including the junk/spam folder, as this is the primary correspondence method. If you wish to know the status of your application - please use the candidate log-in on our career website as it will reflect any updates to your status.

          This employer is not currently hiring foreign national applicants that require or will require sponsorship tied to a specific employer, such as H, L, TN, F, J, E, O. As a global company, Caterpillar offers many job opportunities outside of the U.S. which can be found through our employment website at

          EEO/AA Employer. All qualified individuals - Including minorities, females, veterans and individuals with disabilities - are encouraged to apply.

          Not ready to apply? Submit your information to our Talent Network here .

Keywords: Caterpillar, Aurora , Senior Cost Engineer, Engineering , Aurora, Colorado

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