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For Companies At a Glance
- Tasks: Join us as a Principal Cost Engineer, forecasting production costs and analysing lifecycle expenses.
- Company: Be part of a dynamic team in a leading engineering and manufacturing environment.
- Benefits: Enjoy bonuses, flexi-leave, career development, and more perks like free parking!
- Why this job: This role offers a chance to influence cost strategies and collaborate across teams for impactful results.
- Qualifications: Experience in engineering or manufacturing with strong analytical skills is essential.
- Other info: Only British citizens or dual nationals can apply due to client requirements.
The predicted salary is between 48000 - 72000 £ per year.
Job Description
A fantastic opportunity has arisen for a Principal Cost Engineer to join a department to assist with forecasting production costs and supporting full lifecycle cost analysis across various business functions.
This role performs the duties of the Principal Cost Engineer and reports to the Manufacturing Cost Engineering Lead.
The successful candidate will have:
• Experience in engineering/manufacturing, with exposure to cost estimating or cost engineering
• Knowledge of manufacturing processes and relevant production lifecycle stages
• Responsibility for generating and maintaining business cost forecasting documentation
• Strong analytical skills and the ability to challenge cost data to ensure transparency and robustness
• Capability to support design-to-cost initiatives and work collaboratively with Design, Manufacturing and Bid teams
• Confidence in leading meetings and driving improvements to current forecasting processes
• Effective time management and prioritisation skills, including the ability to coordinate with others
• Self-motivation, resilience, and the ability to influence and negotiate across varying levels within the business
This position offers a lucrative benefits package, which includes but is not inclusive of:
• Bonus scheme (based on company performance)
• Annual pay reviews and promotion reviews (based on personal performance)
• Overtime paid at an enhanced rate
• Flexi-Leave (of up to 15 days)
• Pension scheme (total contribution of up to 14%)
• Subsidised site facilities and restaurants
• Free parking
• Excellent career progression and training / career development opportunities
If this role looks like your next challenge, please contact Keelan ASAP or apply via this advert!
** Please note that due to the nature of the client’s business, only candidates who currently hold full British Citizenship (without limitations) / Dual Nationality (inclusive of British Citizenship) will be considered. **
We endeavour to reply to every candidate, every time but if you haven’t heard back within 10 days, please understand that you have unfortunately been unsuccessful for this position, or the position has been filled. Please call the office or send an email to discuss other potential positions.
Principal Cost Engineer employer: Eclectic Recruitment
Contact Detail:
Eclectic Recruitment Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Principal Cost Engineer
✨Tip Number 1
Familiarise yourself with the latest trends in cost engineering and manufacturing processes. This knowledge will not only help you during interviews but also demonstrate your commitment to staying updated in the field.
✨Tip Number 2
Network with professionals in the industry, especially those who work in cost engineering or related fields. Attend relevant workshops or seminars to make connections that could lead to job opportunities at StudySmarter.
✨Tip Number 3
Prepare to discuss specific examples of how you've successfully managed cost forecasting and analysis in previous roles. Being able to articulate your experience clearly will set you apart from other candidates.
✨Tip Number 4
Showcase your analytical skills by being ready to discuss how you've challenged cost data in the past. Highlighting your ability to ensure transparency and robustness in cost estimates will resonate well with the hiring team.
We think you need these skills to ace Principal Cost Engineer
Some tips for your application 🫡
Tailor Your CV: Make sure your CV highlights your experience in engineering and manufacturing, particularly focusing on cost estimating or cost engineering. Use specific examples that demonstrate your analytical skills and ability to challenge cost data.
Craft a Strong Cover Letter: In your cover letter, emphasise your knowledge of manufacturing processes and your experience with full lifecycle cost analysis. Mention your capability to support design-to-cost initiatives and how you can collaborate effectively with various teams.
Showcase Relevant Skills: Clearly outline your time management and prioritisation skills in your application. Provide examples of how you've led meetings or driven improvements in forecasting processes in previous roles.
Follow Application Instructions: Ensure you follow the application instructions carefully. If the job advert specifies certain documents or formats, make sure to adhere to these requirements when submitting your application through our website.
How to prepare for a job interview at Eclectic Recruitment
✨Showcase Your Analytical Skills
As a Principal Cost Engineer, strong analytical skills are crucial. Be prepared to discuss specific examples where you've challenged cost data or improved forecasting processes. This will demonstrate your capability to ensure transparency and robustness in cost management.
✨Understand Manufacturing Processes
Familiarise yourself with the manufacturing processes relevant to the role. During the interview, highlight your experience in engineering or manufacturing and how it relates to cost estimating. This knowledge will show that you can effectively support design-to-cost initiatives.
✨Demonstrate Leadership and Collaboration
The role requires confidence in leading meetings and collaborating with various teams. Prepare to share instances where you've successfully led discussions or worked with design, manufacturing, and bid teams to drive improvements in cost forecasting.
✨Exhibit Time Management Skills
Effective time management is key for this position. Be ready to discuss how you prioritise tasks and coordinate with others to meet deadlines. Providing examples of how you've managed multiple responsibilities will illustrate your ability to thrive in a dynamic environment.
