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Cost Modeling Engineer Jobs (NOW HIRING)

Power Modeling Intern

Jacksonville, FL · On-site

$15.25 - $19.75/hr

Gain hands-on experience with power system modeling, production cost models, and optimal power flow (OPF). * Collaborate with experienced engineers and analysts who are passionate about mentoring the ...

Analyze and build representative cost models to identify key cost drivers and target systems for ... Work directly with engineering teams disseminate key take-aways from cost modelling and analysis ...

Translate these inputs into clear requirements for cost-modeling engineers, then review and present completed cost-model reports to Supply Chain category and technical teams. * Develop cost-gap ...

The position develops and deploys part-level should-cost models, commodity cost intelligence, and ... Responsibilities Cost Engineering & Analysis * Develop part-level and system-level should-cost ...

The position develops and deploys part-level should-cost models, commodity cost intelligence, and ... Responsibilities Cost Engineering & Analysis * Develop part-level and system-level should-cost ...

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Cost Modeling Engineer information

See salary details

$45.5K

$97K

$139.5K

How much do cost modeling engineer jobs pay per year?

As of Sep 13, 2026, the average yearly pay for cost modeling engineer in the United States is $97,048.00, according to ZipRecruiter salary data. Most workers in this role earn between $81,000.00 and $114,000.00 per year, depending on experience, location, and employer.

What is the difference between Cost Modeling Engineer vs Cost Analyst?

AspectCost Modeling EngineerCost Analyst
Required CredentialsBachelor's in Engineering, Finance, or related field; certifications like CPC or CMA beneficialBachelor's in Finance, Accounting, or related field; certifications like CPA or CMA beneficial
Work EnvironmentEngineering teams, manufacturing, or project-based settingsFinance departments, manufacturing, or corporate offices
Employer & Industry UsageManufacturing, aerospace, automotive, energyManufacturing, government, consulting firms
Common Search & ComparisonYesYes

The Cost Modeling Engineer focuses on developing detailed cost models for products and projects, often requiring engineering knowledge. The Cost Analyst primarily analyzes cost data to support budgeting and financial decision-making. While both roles involve cost analysis, the engineer emphasizes model creation and technical cost estimation, whereas the analyst concentrates on interpreting cost data for strategic insights.

How much do cost modeling engineers make in the US?

Cost modeling engineers in the US typically earn between $70,000 and $120,000 annually, depending on experience, education, and industry. Senior roles or those with specialized skills in data analysis and financial modeling can earn higher salaries, often exceeding $130,000. Compensation may also include bonuses and benefits based on company and location.

What cities are hiring for Cost Modeling Engineer jobs?

Cities with the most Cost Modeling Engineer job openings:

What states have the most Cost Modeling Engineer jobs?

States with the most job openings for Cost Modeling Engineer jobs include:

What are popular job titles related to Cost Modeling Engineer jobs?

For Cost Modeling Engineer jobs, the most frequently searched job titles are:

Infographic showing various Cost Modeling Engineer job openings in the United States as of June 2026, with employment types broken down into 88% Full Time, 10% Part Time, and 2% Contract. Highlights an 87% Physical, 3% Hybrid, and 10% Remote job distribution, with an average salary of $97,048 per year, or $46.7 per hour.

Sentinel - Principal / Sr Principal Cost Modeling Engineer - 18975

Roy, UT • On-site

Northrop Grumman
Space Research Administration • 10K+ employees

Full-time

Medical, Dental, Vision, Life, Retirement, PTO

Posted 15 days ago


Northrop Grumman rating

8.3

Company rating: 8.3 out of 10

Based on 372 frontline employees who took The Breakroom Quiz


Job description

RELOCATION ASSISTANCE: Relocation assistance may be available CLEARANCE REQUIRED FOR START: Yes CLEARANCE TYPE: Secret TRAVEL: Yes, 10% of the Time Description At Northrop Grumman, our employees have incredible opportunities to work on revolutionary systems that impact people's lives around the world today, and for generations to come. Our pioneering and inventive spirit has enabled us to be at the forefront of many technological advancements in our nation's history - from the first flight across the Atlantic Ocean, to stealth bombers, to landing on the moon. We look for people who have bold new ideas, courage and a pioneering spirit to join forces to invent the future, and have fun along the way.

Our culture thrives on intellectual curiosity, cognitive diversity and bringing your whole self to work - and we have an insatiable drive to do what others think is impossible. Our employees are not only part of history, they're making history. Join Northrop Grumman on our continued mission to push the boundaries of possible across land, sea, air, space, and cyberspace.

Enjoy a culture where your voice is valued and start contributing to our team of passionate professionals providing real-life solutions to our world's biggest challenges. We take pride in creating purposeful work and allowing our employees to grow and achieve their goals every day by Defining Possible. With our competitive pay and comprehensive benefits, we have the right opportunities to fit your life and launch your career today.

Northrop Grumman Defense Systems is seeking a Principal / Sr Principal System Engineer (T03/T04 levels). This position is located in Roy, Utah and supports the Sentinel program. This role may offer a competitive relocation assistance package.

What You'll Get To Do: The selected candidate will join a team modeling high level Reliability, Availability, Maintainability, Cost (RAM-C) processes across multiple campuses. This role will focus Operating and Support (O&S) modeling to support affordable system design over its lifespan. O&S Model uses DoD Cost Assessment and Program Evaluation (CAPE) framework combining a variety of data sources.

This role will support Requirement vs Cost (RvC) and Cost as an Independent Variable (CAIV) analysis for design reviews and major program events. This position may also include other product support related modeling efforts to include Availability, Reliability Centered Maintenance (RCM), and Life Cycle Cost (LCC). An ideal candidate will have experience with: Modeling large systems and experience finding useful data and trends in large data sets A candidate with maintenance or logistical background will be able to more easily communicate with stakeholders Position will be working to mature a model and must be comfortable with pathfinding or blank page development activities Experience with cost estimating models similar to ACEIT or SEER is preferred Basic Qualifications This requisition may be filled at either the Principal Engineer (T-03 level) or Sr Principal Engineer (T-04 level).

Required for Both Levels: Must be a US Citizen with an active U.S. Government Secret Clearance, at time of application, current and within scope, with an investigation date within the last 6 years Must have the ability to obtain and maintain Special Access Program (SAP) approval within a reasonable period of time, as determined by the company to meet its business needs Proficiency with Cost estimating tools (ACEIT, SEER, ReliaSoft, or similar) - 3 years of experience Proficiency with Cost As an Independent Variable (CAIV) or Requirement vs Cost (RvC) modeling - 1 year of experience Demonstrated technical expertise in the areas of cost specific modeling or modeling, simulation, and analysis (MS&A) - 3 years of experience Experience utilizing base year dollars and understanding of inflation / Net Present Value (NPV) - 1 year Knowledge of Agile development practices Principal Systems Engineer (T-03 level): Bachelor's degree in a STEM (Science, Technology, Engineering or Mathematics) discipline with a minimum 5 years of related experience; 3 years with a Master's; or 1 years with a PhD Sr. Principal Systems Engineer (T-04 level): Bachelor's degree in a STEM (Science, Technology, Engineering or Mathematics) discipline with a minimum 8 years of related experience; 6 years with a Master's; or 4 years with a PhD Preferred Qualification Active Top Secret Clearance Proficiency with data handling scripting (SQL, Azure, PowerBI or similar) - 1 year of experience Proficiency with engineering scripting (Python, C++/C#, Matlab, VBA or similar) - 1 year of experience Experience with cost estimating ACAT 1 programs Expertise with Systems Engineering (SE) (Systems engineering V, systems integration, VV&A, or similar) Experience defining confidence bounds and quantifying sources of error in models Experience with Agile Release Train (ART) or Scaled Agile Framework (SAFe) Experience with the Atlassian Tool Suite (Jira / Confluence) Advanced use of standard Microsoft Office products to include development tools Strong interest to interact with a wide variety of skills across multiple engineering domains

These engineering domains include: Systems Safety, Reliability, Availability, Maintainability, Integrated Logistics Support, Product Support, Digital Integration, and Sustainment Cost Modeling Experience with pathfinding / blank page development efforts INCOSE certifications Knowledge of DoD CAPE guide, Title 10 U.S.C. Chapter 323, or DoDI 5000.73 Capable of working with minimal direction, independently determines and develops technical objectives of assignments, and presents work upon completion for high level review Position Benefits As a full-time employee of Northrop Grumman, you are eligible for our robust benefits package including: Medical, Dental & Vision coverage 401k Educational Assistance Life Insurance Employee Assistance Programs & Work/Life Solutions Paid Time Off Health & Wellness Resources Employee Discounts https://www.northropgrumman.com/who-we-are/total-rewards-benefits/ This position's standard work schedule is a 9/80. The 9/80 schedule allows employees who work a nine-hour day Monday through Thursday to take every other Friday off

This role may offer a competitive relocation assistance package. #Sentinelsystems Primary Level Salary Range: $98,400.00 - $147,600.00 Secondary Level Salary Range: $122,800.00 - $184,200.00 The above salary range represents a general guideline; however, Northrop Grumman considers a number of factors when determining base salary offers such as the scope and responsibilities of the position and the candidate's experience, education, skills and current market conditions. Depending on the position, employees may be eligible for overtime, shift differential, and a discretionary bonus in addition to base pay

Annual bonuses are designed to reward individual contributions as well as allow employees to share in company results. Employees in Vice President or Director positions may be eligible for Long Term Incentives. In addition, Northrop Grumman provides a variety of benefits including health insurance coverage, life and disability insurance, savings plan, Company paid holidays and paid time off (PTO) for vacation and/or personal business.

The application period for the job is estimated to be 20 days from the job posting date. However, this timeline may be shortened or extended depending on business needs and the availability of qualified candidates. Northrop Grumman is an Equal Opportunity Employer, making decisions without regard to race, color, religion, creed, sex, sexual orientation, gender identity, marital status, national origin, age, veteran status, disability, or any other protected class.

For our complete EEO and pay transparency statement, please visit http://www.northropgrumman.com/EEO. U.S. Citizenship is required for all positions with a government clearance and certain other restricted positions.


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About Northrop Grumman

Sourced by ZipRecruiter

At Northrop Grumman, our employees have incredible opportunities to work on revolutionary systems that impact people's lives around the world today, and for generations to come. Our pioneering and inventive spirit has enabled us to be at the forefront of many technological advancements in our nation's history - from the first flight across the Atlantic Ocean, to stealth bombers, to landing on the moon. We look for people who have bold new ideas, courage and a pioneering spirit to join forces to invent the future, and have fun along the way. Our culture thrives on intellectual curiosity, cognitive diversity and bringing your whole self to work - and we have an insatiable drive to do what others think is impossible.

Industry

Space research administration

Company size

10,000+ Employees

Headquarters location

Falls Church, VA, US

Year founded

1939