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Cost Modeling Engineer Jobs in Michigan (NOW HIRING)

Cost Engineer

Troy, MI ยท On-site

MeC offers his consultancy services in Cost Engineering to determinate the cycle times and costs of ... Experience with developing cost models for automotive electronic component including tooling ...

Cost Engineer

Troy, MI ยท On-site

MeC offers his consultancy services in Cost Engineering to determinate the cycle times and costs of ... Experience with developing cost models for automotive electronic component including tooling ...

Build cost models for common packaging processes, including steel fabrication, tube, stamping ... Partner with packaging and logistics engineers to identify cost-reduction opportunities while ...

... model development. Detail oriented with ability to manage multiple programs and cost details ... The Engineer must be curious, persistent and innovative. The Engineer must have the ability to ...

Familiarity with cost model structures and activity-based costing for component development * Experience in within one or multiple areas: Design Responsible Engineering, Manufacturing, Component Tool ...

Familiarity with cost model structures and activity-based costing for component development * Experience in within one or multiple areas: Design Responsible Engineering, Manufacturing, Component Tool ...

Cost Engineering/Analyst

Dearborn, MI ยท Hybrid

$74K - $166K/yr

Ford utilizes 'bottom-up' technical cost modeling to evaluate material, labor, and overhead ... The Cost Engineer/Cost Analyst for this position must have experience in more than one of the ...

Job Title: Cost Engineer Support design engineering product cost management activities through ... Support competitive vehicle benchmarking to provide input for future model development and target ...

Job Title: Cost Engineer Support design engineering product cost management activities through ... Support competitive vehicle benchmarking to provide input for future model development and target ...

Job Title: Cost Engineer Support design engineering product cost management activities through ... Support competitive vehicle benchmarking to provide input for future model development and target ...

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Cost Modeling Engineer information

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.
Infographic showing various Cost Modeling Engineer job openings in Michigan 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.

Cost Estimating Manager

Plymouth, MI โ€ข On-site

Troy Design Manufacturing Company
201 - 500 employees

Full-time

Medical, Dental, Vision, Retirement, PTO

Re-posted 23 days ago


Job description

POSITION OVERVIEW:

Troy Design and Manufacturing (TDM) is an industry-leading manufacturing and prototyping provider expanding rapidly across Automotive, Defense, and Aerospace sectors. We are seeking an experienced, forward-thinking Cost Estimating Manager to lead our cost estimating team, modernize our quoting capabilities, and drive commercial precision across multi-industry product lines.

In this strategic leadership role, you will oversee end-to-end cost modeling, RFQ management, quote strategy, and estimate accuracy. You will serve as the commercial bridge between Sales, Engineering, Operations, and Finance - ensuring fast, highly accurate, and competitive quotes. Additionally, you will lead the integration of next-generation AI-assisted quoting tools and standardized estimation methodologies to support TDM’s growth into high-precision defense and aerospace markets.

KEY RESPONSIBILITIES:

Estimating Leadership & Operations Management

• Direct daily operations of the Cost Estimating team, including workload allocation, quote prioritization, and tracking of customer RFQ deliverables.

• Review and approve all major cost estimates, prototype models, engineering change requests (ECNs), and commercial proposals prior to executive submission.

• Establish standard operating procedures (SOPs), templates, and cost-modeling frameworks tailored to automotive, defense (DFARS considerations), and aerospace requirements.

• Ensure rapid quote turnarounds while maintaining high first-pass accuracy and risk-adjusted margins.


Cross-Functional Collaboration & Strategy

• Partner closely with Sales, Engineering, Finance, and Operations to review statement of work (SOW) inputs, manufacturing feasibility, material costs, and lead times.

• Participate in quote reviews and change-control meetings to align commercial strategies with operational capacity and profitability targets.

• Act as a key commercial advisor to senior management, presenting cost models, risk assessments, and quote performance trends.


Technology Integration & Process Modernization

• Champion the adoption and refinement of modern cost estimating technology, including AI-assisted quoting platforms, automated feature extraction, and advanced ERP integration.

• Continuously refine costing algorithms and historical cost databases to improve estimating speed, reduce manual inputs, and eliminate anomalies.

• Implement continuous improvement loops by linking actual post-production costs with historical estimates to continuously refine accuracy.


Performance Metrics & Reporting

• Develop, maintain, and present executive dashboards tracking core metrics: Estimate Accuracy %, Quote Cycle Time, Win Rate Correlation, and Estimate-to-Actual Cost Variance.

• Lead team development, coaching, and cross-training efforts to foster a high-performing, technical estimating culture.

• Support company quality standards, including ISO 14001, Quality Operating System (QOS), and continuous improvement initiatives.


QUALIFICATIONS & SKILLS:

Required:

• Bachelor’s Degree in Engineering, Finance, Business, Industrial Technology, or equivalent hands-on industry experience.

• 5+ years of cost estimating experience in advanced manufacturing, prototype tooling, metal fabrication, or complex assemblies.

• 2+ years of supervisory or team leadership experience in a manufacturing or technical environment.

• Advanced proficiency in cost modeling, Excel, software tools (ERP/MRP systems), and standard quoting workflows.

• Demonstrated ability to collaborate effectively across Engineering, Sales, Finance, and Executive Leadership.


Preferred:

• Experience across multi-industry manufacturing environments (Automotive, Defense/DFARS, Aerospace/AS9100).

• Hands-on experience implementing or utilizing AI-enabled/automated quoting software or advanced parametric costing tools.

• Strong familiarity with CAD/BOM interpretation, prototype tooling, stamping, fabrication, and assembly processes.


WHAT WE OFFER:

• Competitive Salary + Performance Bonus

• Comprehensive Health, Dental, and Vision Insurance

• 401(k) with Company Match

• Career growth and leadership exposure in high-growth sectors (Automotive, Defense, Aerospace)

• Paid Time Off and Recognized Holidays