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- Tasks: Lead cost analysis projects to boost product profitability and drive cost-saving initiatives.
- Company: Join METTLER TOLEDO, a global leader in precision instruments and innovation.
- Benefits: Enjoy competitive salary, hybrid working, early finishes, and generous holiday allowance.
- Other info: Dynamic work environment with opportunities for training and development.
- Why this job: Make a real impact by enhancing product profitability through detailed analysis and teamwork.
- Qualifications: Experience in cost analysis and strong analytical skills required.
The predicted salary is between 36000 - 60000 £ per year.
We are seeking a motivated and skilled Cost and Value Engineer to join METTLER TOLEDO Safeline, our Metal Detection Strategic Business Unit based in Manchester. In this role, you will lead cost analysis and improvement projects to enhance product profitability. You will analyse financial and production data, monitor product costs, identify cost variances, and drive cost-saving initiatives across teams. You will also collaborate on new product cost estimations and lead continuous improvement in cost engineering processes. This role is perfect for someone who enjoys detailed analysis, teamwork, and leading improvements to maximise profitability.
What You’ll Do:
- Maintain accurate and consistent cost and margin reporting.
- Create unified reporting for Finance, Procurement, Engineering, and Operations to base decisions on consistent data.
- Drive real-time variance analysis and enable preventive actions to reduce risks.
- Highlight and escalate cost variances, risks, and margin erosion early with clear evidence.
- Support cross-functional alignment on validated cost insights.
- Analyse Bills of Materials, routings, and labour flows to identify cost drivers and improvement opportunities.
- Provide Procurement with cost benchmarks and analysis to aid negotiations.
- Evaluate alternatives in design, process, or materials for efficiency and savings.
- Support New Product Introduction with cost-to-target analysis and risk highlighting.
- Track improvement projects and measure their sustained cost impact.
- Embed cost awareness and accountability across all functions.
- Support implementation of standardised cost control processes and dashboards.
- Provide analysis for management reviews to highlight risks, opportunities, and actions.
What You Need to Succeed:
- Proven experience as a Cost Engineer, Cost Analyst, Cost Specialist or similar role.
- Experience in data, operational and financial analysis.
- Experience within a manufacturing, engineering, or technical organisation.
- Experience working within a Standard Cost environment and showing an understanding of Manufacturing Variance.
- Strong analytical skills.
- Extensive knowledge and experience of SAP.
- Excellent working knowledge and skill within MS Excel application.
- Ideally qualified to degree level.
Our Offer to You:
- Competitive salary.
- Annual bonus scheme.
- Hybrid working.
- Early finish on Fridays.
- 26 days holiday plus public holidays.
- Enhanced maternity and paternity leave.
- Holiday accrual scheme (earn up to 8 extra days holiday per year).
- 4x salary life assurance.
- 24/7 access to free and confidential Employee Assistance Programme to support mental health and wellbeing.
- Company social events.
- Opportunities for training and development.
About Mettler Toledo:
METTLER TOLEDO is a global leader in precision instruments and services. We are renowned for innovation and quality across laboratory, process analytics, industrial, product inspection, and retailing applications. Our sales and service network is one of the most extensive in the industry. Our products are sold in more than 140 countries, and we have a direct presence in approximately 40 countries.
Equal Opportunity Employment:
We promote equal opportunity worldwide and value diversity in our global workforce, which reflects the diversity in the many countries in which we operate internationally. Our commitment to Equal Opportunity and Diversity begins with our recruitment and selection process. We will ensure that individuals with disabilities are provided reasonable adjustments to participate in the job application or interview process. If you consider yourself to have a disability or learning difficulty which means you are unable to complete the application process online, please get in touch by email to ukrecruitment@mt.com so that we can make alternative arrangements for you.
Cost and Value Engineer employer: Mettler-Toledo International Inc.
Contact Detail:
Mettler-Toledo International Inc. Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Cost and Value Engineer
✨Tip Number 1
Network like a pro! Reach out to people in the industry, attend events, and connect on LinkedIn. You never know who might have the inside scoop on job openings or can put in a good word for you.
✨Tip Number 2
Prepare for interviews by researching METTLER TOLEDO and understanding their products and values. Tailor your answers to show how your skills in cost analysis and improvement align with their goals.
✨Tip Number 3
Practice your problem-solving skills! Be ready to discuss how you've tackled cost-saving initiatives in the past. Use real examples to demonstrate your analytical prowess and teamwork.
✨Tip Number 4
Don’t forget to apply through our website! It’s the best way to ensure your application gets noticed. Plus, it shows you're genuinely interested in joining the METTLER TOLEDO team.
We think you need these skills to ace Cost and Value Engineer
Some tips for your application 🫡
Tailor Your CV: Make sure your CV is tailored to the Cost and Value Engineer role. Highlight your experience in cost analysis, financial data handling, and any relevant projects you've led. We want to see how your skills align with what we're looking for!
Craft a Compelling Cover Letter: Your cover letter is your chance to shine! Use it to explain why you're passionate about this role and how your background makes you a perfect fit. Don’t forget to mention your teamwork skills and your knack for driving improvements.
Showcase Your Analytical Skills: Since this role involves a lot of detailed analysis, make sure to showcase your analytical skills in your application. Provide examples of how you've used data to drive decisions or improve processes in previous roles. We love numbers as much as you do!
Apply Through Our Website: We encourage you to apply through our website for a smoother process. It helps us keep track of applications and ensures you get all the updates directly from us. Plus, it’s super easy!
How to prepare for a job interview at Mettler-Toledo International Inc.
✨Know Your Numbers
As a Cost and Value Engineer, you'll be dealing with financial data all the time. Brush up on your understanding of cost analysis, variance reporting, and how to interpret financial metrics. Be ready to discuss specific examples from your past experience where you successfully identified cost-saving opportunities.
✨Showcase Your Analytical Skills
Prepare to demonstrate your analytical prowess during the interview. Bring along examples of how you've used data to drive decisions or improvements in previous roles. Highlight your experience with SAP and MS Excel, as these tools are crucial for the role.
✨Collaboration is Key
This role involves working closely with various teams like Finance, Procurement, and Engineering. Be prepared to talk about your experience in cross-functional collaboration. Share stories that illustrate how you’ve effectively communicated insights and driven alignment across different departments.
✨Emphasise Continuous Improvement
METTLER TOLEDO values continuous improvement, so come armed with examples of how you've led or contributed to improvement projects in the past. Discuss any methodologies you’ve used, such as Lean or Six Sigma, and how they helped achieve sustained cost impacts.