Senior Product Cost Manager

Senior Product Cost Manager

Cheltenham Full-Time 43200 - 72000 £ / year (est.) No home office possible
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At a Glance

  • Tasks: Lead a cross-functional team to drive cost reduction strategies and manage project performance.
  • Company: Join GE Aviation, a leader in innovative engineering and technology solutions.
  • Benefits: Enjoy flexible working arrangements and a unique benefits plan for a better work-life balance.
  • Why this job: Be part of impactful projects that enhance product affordability and quality in a dynamic environment.
  • Qualifications: Degree in Engineering or equivalent experience; strong project management and leadership skills required.
  • Other info: Relocation assistance is provided; BPSS clearance is necessary for this role.

The predicted salary is between 43200 - 72000 £ per year.

The Senior Product Cost Manager is responsible for developing and implementing a strategy to achieve cost reduction and affordability initiatives aligning to business goals and objectives for the Engineering function. Day-to-Day you will lead and provide oversight to a cross functional team of Engineers and partner with various Programme and Supply Chain stakeholders. This role exposes you to diverse product platforms comprising of Electrical/Electronic hardware and technologies.

Essential Responsibilities

  • Develop and communicate a clear vision and strategic direction for the department, ensuring alignment to wider business goals and objectives.
  • Develop and manage project plans including scope, timelines, budgets and resource allocation.
  • Communicating and collaborating with appropriate stakeholders for dependencies.
  • Monitor and evaluate team and project performance, utilising appropriate Key Performance Indicators (KPI’s).
  • Perform critical decision making based on data, analysis and experience.
  • Build strong relationships with Customers and internal partners at all levels of the organisation.
  • Integrate lessons learned with current and future development programmes to build a level of rigor and assurance for ‘Design to Cost’.
  • Ensure that the project deliverables and team output adhere to the applicable regulatory, quality and customer standards.

Qualifications/Requirements

  • A degree in a relevant Engineering field, or equivalent experience.
  • Extensive experience in a project management role with a demonstrable track record of delivering complex projects.
  • Experience in financial business decision making (e.g. ROI, IRR etc).
  • Proficient with typical Microsoft Office and project management software and tools.
  • Strong leadership, communication and interpersonal skills.

Desired Characteristics

  • A proactive nature with an ability to become self-sufficient.
  • Excellent problem-solving and analytical skills.
  • Experience with various project management methodologies (E.g. Agile, Waterfall, Kanban etc).
  • An appropriate project management certification, such as Project Management Professional (PMP) or similar.
  • Impacts quality, efficiency and effectiveness of own team.
  • Has significant input.

GE supports and encourages flexible working arrangements, where possible, and recognises the benefits to employees of having a positive work-life balance. At GE Aviation we understand the importance of Total Reward. Our flexible benefits plan, called FlexChoice, gives you freedom, choice and flexibility in the way you receive your benefits, as well as giving you the opportunity to make savings where possible. Baseline Personnel Security Standard (BPSS) clearance is required and must be maintained for this role. Please note that in the event that BPSS clearance cannot be obtained, you may not be eligible for the role and/or any offer of employment may be withdrawn on grounds of national security. Applications from job seekers who require sponsorship to work in the UK are welcome and will be considered alongside all other applications. However, under the applicable UK immigration rules as may be in place from time to time, it may be that candidates who do not currently have the right to work in the UK may not be appointed to a post if a suitably qualified, experienced and skilled candidate who does not require sponsorship is available to take up the post.

Relocation Assistance Provided: Yes

Senior Product Cost Manager employer: Energy Consulting group

At GE Aviation, we pride ourselves on being an exceptional employer, offering a dynamic work culture that fosters collaboration and innovation. Our commitment to employee growth is evident through flexible working arrangements and our unique FlexChoice benefits plan, which empowers you to tailor your rewards to suit your lifestyle. Located in a vibrant area, this role as Senior Product Cost Manager not only provides exposure to cutting-edge technologies but also allows you to make a meaningful impact within a supportive team environment.
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Contact Detail:

Energy Consulting group Recruiting Team

StudySmarter Expert Advice 🤫

We think this is how you could land Senior Product Cost Manager

✨Tip Number 1

Familiarise yourself with the latest trends in cost management and project management methodologies. Being well-versed in Agile, Waterfall, or Kanban can give you an edge during discussions with our team.

✨Tip Number 2

Network with professionals in the engineering and project management fields. Attend industry events or webinars to connect with potential colleagues and gain insights into the role and its challenges.

✨Tip Number 3

Prepare to discuss your experience with financial decision-making in detail. Be ready to share specific examples of how you've used ROI and IRR analyses to influence project outcomes.

✨Tip Number 4

Showcase your leadership skills by preparing examples of how you've successfully led cross-functional teams in the past. Highlight your ability to build relationships and communicate effectively with diverse stakeholders.

We think you need these skills to ace Senior Product Cost Manager

Project Management
Cost Reduction Strategies
Financial Analysis
Stakeholder Engagement
Cross-Functional Team Leadership
Data Analysis
Key Performance Indicators (KPIs)
Regulatory Compliance
Communication Skills
Problem-Solving Skills
Agile Methodologies
Waterfall Methodologies
Kanban Methodologies
Microsoft Office Proficiency
Project Management Software Proficiency
Interpersonal Skills
Strategic Planning

Some tips for your application 🫡

Tailor Your CV: Make sure your CV highlights relevant experience in project management and cost reduction initiatives. Use specific examples that demonstrate your ability to lead cross-functional teams and manage complex projects.

Craft a Compelling Cover Letter: In your cover letter, express your passion for the role and how your background aligns with the responsibilities outlined in the job description. Mention your experience with financial decision-making and project management methodologies.

Highlight Key Skills: Emphasise your leadership, communication, and analytical skills in both your CV and cover letter. Provide examples of how you've successfully built relationships with stakeholders and delivered projects on time and within budget.

Prepare for Potential Questions: Anticipate questions related to your experience with cost management and project delivery. Be ready to discuss specific KPIs you have used in the past and how you have integrated lessons learned into future projects.

How to prepare for a job interview at Energy Consulting group

✨Understand the Role Thoroughly

Before the interview, make sure you have a solid grasp of the Senior Product Cost Manager role. Familiarise yourself with the key responsibilities and qualifications listed in the job description, especially around cost reduction strategies and project management methodologies.

✨Prepare for Behavioural Questions

Expect questions that assess your leadership and problem-solving skills. Prepare examples from your past experiences where you've successfully led teams, managed complex projects, or made critical financial decisions. Use the STAR method (Situation, Task, Action, Result) to structure your responses.

✨Showcase Your Analytical Skills

Since the role involves data-driven decision-making, be ready to discuss how you've used data analysis in previous roles. Bring examples of KPIs you've monitored and how they influenced project outcomes. This will demonstrate your ability to make informed decisions.

✨Ask Insightful Questions

At the end of the interview, ask questions that show your interest in the company and the role. Inquire about the team dynamics, current challenges in the Engineering function, or how success is measured in this position. This not only shows your enthusiasm but also helps you gauge if the company is the right fit for you.

Senior Product Cost Manager
Energy Consulting group
E
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