Cost Engineer

Product Cost EngineerGreensboro, NCJob SummaryThe Product Cost Engineer partners with cross-functional teams to drive product cost management across the full product lifecycle. This role blends engineering insight with financial analysis to influence design decisions, optimize cost structures, and enhance overall product value and competitiveness. The position plays a key role in ensuring alignment with cost targets while balancing quality, delivery, features, and sustainability.Job ResponsibilitiesDevelop and deliver product cost forecasts and detailed cost analyses, identifying risks and opportunities in early-stage and ongoing projectsDrive product cost management throughout the product lifecycle, ensuring alignment with strategic cost targetsBreak down overall cost targets into system- and component-level cost requirementsLead design-to-cost initiatives to enable cost-efficient product solutionsCollaborate with engineering, purchasing, product planning, and finance teams to balance QDCF-S (Quality, Delivery, Cost, Features, Sustainability)Act as the customer advocate in evaluating cost, feature, and value trade-offsBuild, maintain, and enhance cost models using financial tools and processes to support decision-makingDrive innovation and continuous improvement in cost management practices through benchmarking and digital toolsPromote cost-conscious behaviors across teams through mentoring, coaching, and knowledge sharingJob RequirementsBachelor’s degree in Finance, Engineering, or a related field (or equivalent experience)Strong analytical and problem-solving skills, including financial modeling and cost analysisAbility to interpret technical data and translate it into financial insights and actionable recommendationsProven ability to collaborate effectively in cross-functional, matrixed environmentsStrong communication skills with the ability to explain complex concepts to diverse stakeholdersEducationBachelor’s degree in Finance, Engineering, or related field required (or equivalent experience)Work ExperiencePrior experience in product costing, financial analysis, engineering, or related discipline preferred