Senior Cost Engineer

Director – Specialist Contract & Interim Recruiter

Location: NW ENGLAND

Primary Objective:
To drive financial performance through strategic target setting, cost optimisation, and expert analysis in support of product development and business objectives.

Key Responsibilities:

• Strategic Financial Target Setting: Establish challenging yet achievable unit cost and investment targets at system/component levels.
• Leverage benchmark data and historical cost information to inform target setting.
• Collaborate with cross-functional teams to balance and secure buy-in for ambitious targets.
• Define component target costs for ongoing and future product initiatives.
• Technical and Financial Decision Support:
• Guide design processes to meet cost targets through expert recommendations.
• Influence cost reduction programs by providing critical technical and financial insights.
• Conduct lean manufacturing assessments at supplier facilities to identify cost-saving opportunities.
• Evaluate and authorise expenditures within specified authority limits.
• Analyse supplier cost models to drive value-optimised negotiations.
• Provide financial impact assessments for alternative design and manufacturing solutions.
• Cost Data Management and Financial Performance:
• Oversee preparation and presentation of financial performance reports.
• Lead stakeholders in managing unit cost and investment targets.
• Brief senior leadership on financial material cost reports and develop mitigation strategies.
• Provide educational support to enhance process efficiency and productivity.
• Continuous Improvement Initiatives:
• Proactively identify and implement process improvements.
• Support company-wide productivity enhancement efforts.

Scope of Influence:
This role has significant impact on product cost structures and investment decisions across multiple projects and platforms, directly influencing the company\’s financial performance and competitive positioning.

Budgetary Responsibility:
Oversight of material and associated investment budgets (Base and Change Budget) with substantial annual value.

Seniority Level:

Mid-Senior level

Employment Type:

Contract

Job Function:

Accounting and Industrial Machinery Manufacturing

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