Responsible for cost optimization activities relating to the support of the Procurement and Purchasing Division in an automotive manufacturing environment. Essential Functions: Support cost ...
Responsible for cost optimization activities relating to the support of the Procurement and Purchasing Division in an automotive manufacturing environment. Essential Functions: Support cost ...
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As a Trading Venue Cost Optimization Senior Associate at JPMorgan Chase, you will be a part of a group of specialized individuals within "Cost and Commission Services" (CCS) group, working on the ...
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Quick apply
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Quick apply
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As a Business Analysis Cost Optimization Strategy Manager within the Markets Operations team, you will work within the Cost and Commission Services group to develop and execute strategies that ...
As a Business Analysis Cost Optimization Strategy Manager within the Markets Operations team, you will work within the Cost and Commission Services group to develop and execute strategies that ...
As a Business Analysis Cost Optimization Strategy Manager within the Markets Operations team, you will work within the Cost and Commission Services group to develop and execute strategies that ...
As a Business Analysis Cost Optimization Strategy Manager within the Markets Operations team, you will work within the Cost and Commission Services group to develop and execute strategies that ...
Cost Optimization information
See salary details
$45.5K - $54K
5% of jobs
$54K - $62.6K
1% of jobs
$62.6K - $71.1K
6% of jobs
$71.1K - $79.7K
10% of jobs
$81.2K is the 25th percentile. Wages below this are outliers.
$79.7K - $88.2K
15% of jobs
The median wage is $94.6K / yr.
$88.2K - $96.8K
17% of jobs
$96.8K - $105.3K
15% of jobs
$110.5K is the 75th percentile. Wages above this are outliers.
$105.3K - $113.9K
10% of jobs
$113.9K - $122.4K
10% of jobs
$122.4K - $131K
6% of jobs
$131K - $139.5K
5% of jobs
$45.5K
$97K
$139.5K
How much do cost optimization jobs pay per year?
What jobs pay 200,000 a year in the USA?
What are the key skills and qualifications needed to thrive in the Cost Optimization position, and why are they important?
To thrive in Cost Optimization, you need strong analytical skills, business acumen, and a background in finance, operations, or supply chain management. Familiarity with data analysis tools such as Excel, SQL, ERP systems, and certifications like Six Sigma or Lean Management are often valuable. Attention to detail, effective communication, and problem-solving abilities help professionals stand out in this role. These skills are crucial for identifying savings opportunities, collaborating with stakeholders, and implementing sustainable cost-saving initiatives.
What are the typical daily responsibilities of a Cost Optimization professional?
A Cost Optimization professional typically spends their day analyzing spending patterns, evaluating operational processes, and identifying areas for efficiency improvement across departments. They collaborate closely with teams in finance, procurement, and operations to implement cost-saving strategies and monitor progress. The role often includes preparing reports, presenting findings to management, and ensuring cost reduction initiatives align with company goals. This dynamic position offers the opportunity to make a significant impact on the organization's financial performance while working in a collaborative, results-driven environment.
What is a Cost Optimization job?
A Cost Optimization job focuses on analyzing and improving a company's spending to maximize efficiency and reduce waste. Professionals in this role assess business operations, procurement, and financial strategies to identify cost-saving opportunities. They work closely with various departments to implement best practices, streamline processes, and negotiate better terms with suppliers. The goal is to ensure that resources are allocated effectively while maintaining quality and performance.
What jobs in the US pay 300,000 a year?
What jobs pay 500,000 a year in the US?
What is a cost optimization job description?

Full-time
Posted 28 days ago
Job description
Responsible for cost optimization activities relating to the support of the Procurement and Purchasing Division in an automotive manufacturing environment.
Essential Functions:
Support cost optimization projects and activities as defined by the Cost Optimization Committee by:
- Serving as HMMA CO CFT team leader for assigned part groups.
- Project implementation tracking vs. target and reporting.
- Working collaboratively with the Parts Development team.
- Gathering part detail from suppliers.
- Ensuring accuracy of cost savings amounts reported to PMO.
- Monitoring supplier quality and delivery performance.
Work closely with HMNA cost team to drive all beneficial cost opportunities to implementation.
Work directly with suppliers to identify all feasible cost optimization opportunities.
Manage calendarized schedule of savings opportunities.
Identify and pursue cost reduction strategies by engaging suppliers and HATCHI R&D team.
Evaluate part designs with engineering, quality, and suppliers to obtain optimum efficiencies.
Solicit cost reduction opportunities from internal HMMA process partners.
Participate in all CO related internal/external meetings, including making presentations to and preparing information for senior management at HMMA and
HMNA.
Maintain COMS system cost and tracking status accurately.
Work closely with buyers to gain access to the latest required information.
Support part localization activities.
Support purchasing management team data request gathering, summary, and reporting as needed.
Administer, coordinate, and comply with all Business Management System (BMS), Environmental Management System (EMS), and Safety Management
System (SMS) requirements.
Meet all other requirements as assigned.
Education:
Bachelor's Degree in an engineering or business discipline or equivalent preferred
Related Experience:
- 0 - 10 years of job-related experience
- 1 - 3 years of engineering/cost/ efficiency improvement related experience preferred
- Process improvement experience preferred
Training / Certification:
- Six Sigma exposure preferred
Skills / Knowledge:
- MS Word
- MS Excel
- MS PowerPoint
- Data management and analysis
- Excellent written and verbal communication, analytical, and organizational skills
- Excellent project management and interpersonal skills
Additional Information:
Position may require occasional travel (domestic or foreign). Flexibility in working hours to include weekends, holidays, and off shift. Position may require on-call duty or overtime due to overall responsibility.