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Cost Reduction Manager Jobs in Edison, NJ (NOW HIRING)

Amazon

Senior Financial Analyst, NACF

New York, NY

$93K - $116K/yr

Collect, analyze and manage quantitative data and create meaningful reports to lead business improvement and defect cost reduction strategy. Perform root cause analysis to uncover core issues using ...

Amazon

Senior Financial Analyst, NACF

New York, NY · On-site

$93K - $116K/yr

Collect, analyze and manage quantitative data and create meaningful reports to lead business improvement and defect cost reduction strategy. Perform root cause analysis to uncover core issues using ...

Merck & Co., Inc.

Spclst, Procurement

Rahway, NJ · On-site

Support strategic and operating objectives for the procurement function including product sourcing, supply risk management, supplier performance improvement, cost reduction, supplier different ...

MSD

Spclst, Procurement

Rahway, NJ · On-site

Support strategic and operating objectives for the procurement function including product sourcing, supply risk management, supplier performance improvement, cost reduction, supplier different ...

Breaking Ground

Harm Reduction Specialist

New York, NY · On-site

$25.85/hr

... and cost-effective solution to chronic homelessness. But we didn't stop at providing housing ... On-site case management and clinical services are available to meet the needs of its residents and ...

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Cost Reduction Manager information

See Edison, NJ salary details

$40.4K

$110.8K

$152.2K

How much do cost reduction manager jobs pay per year?

As of Aug 17, 2026, the average yearly pay for cost reduction manager in Edison, NJ is $110,779.00, according to ZipRecruiter salary data. Most workers in this role earn between $94,700.00 and $125,800.00 per year, depending on experience, location, and employer.

What does a cost reduction manager do?

A Cost Reduction Manager is responsible for identifying and implementing strategies to reduce expenses and improve efficiency within an organization. They analyze financial data, review operational processes, and collaborate with various departments to find cost-saving opportunities without compromising quality or productivity. Their goal is to help the company achieve financial targets by optimizing resources, renegotiating contracts, and streamlining operations. They also monitor the results of cost-saving initiatives and report on their effectiveness to senior management.

What skills and qualifications are needed to be a cost reduction manager?

To excel as a Cost Reduction Manager, you need strong analytical skills, financial acumen, and experience in process improvement, often supported by a degree in finance, business, or engineering. Familiarity with cost analysis software, ERP systems, and certifications like Six Sigma or Lean Management are highly valuable. Excellent communication, problem-solving abilities, and stakeholder management skills help drive cost-saving initiatives and foster cross-departmental collaboration. These capabilities are crucial for identifying savings opportunities, implementing effective strategies, and ensuring the organization's financial health.

How does a cost reduction manager collaborate with different departments to achieve savings goals?

A Cost Reduction Manager works closely with departments such as procurement, operations, finance, and supply chain to identify cost-saving opportunities and implement efficiency measures. They often lead cross-functional teams to analyze spending patterns, negotiate with vendors, and streamline processes. Regular meetings, data sharing, and clear communication are crucial for aligning departmental goals and ensuring that cost reduction initiatives do not negatively impact product quality or customer satisfaction. This collaborative approach not only drives savings but also fosters a culture of continuous improvement across the organization.

What is the role of a cost reduction manager?

A cost reduction manager is responsible for analyzing company expenses and identifying opportunities to decrease costs without compromising quality or operations. They develop strategies, implement process improvements, and monitor financial performance to achieve cost savings, often using tools like data analysis and budgeting software.

What job categories do people searching Cost Reduction Manager jobs in Edison, NJ look for?

The top searched job categories for Cost Reduction Manager jobs in Edison, NJ are:

What cities near Edison, NJ are hiring for Cost Reduction Manager jobs?

Cities near Edison, NJ with the most Cost Reduction Manager job openings:

Cost Reduction Manager jobs near you
Infographic showing various Cost Reduction Manager job openings in Edison, NJ as of August 2026, with employment types broken down into 100% Full Time. Highlights an 100% In-person job distribution, with an average salary of $110,779 per year, or $53.3 per hour.

Performance & Cost Improvement Senior Consultant

Deloitte

Morristown, NJ

Full-time

Re-posted 25 days ago

Deloitte rating

8.2

Company rating: 8.2 out of 10

Based on 92 frontline employees who took The Breakroom Quiz

44th of 150 rated financial services

Job description

Consultant, Strategy, Growth, and Transformation

Our Deloitte Strategy & Transactions team helps guide clients through their most critical moments and transformational initiatives. We offer comprehensive end-to-end support and advisory services, covering areas such as valuation modeling, cost optimization, restructuring, business design and transformation, infrastructure and real estate, mergers and acquisitions (M&A), and sustainability. The team works closely with clients at every stage of their journey, helping them navigate challenges, avoid financial pitfalls, and implement practical solutions before, during, and after major transformational projects or transactions creating lasting impact.
Help clients improve performance, manage costs, and operate more effectively. As a Senior Consultant in Deloitte's Performance & Cost Improvement (P&CI) team, within the Performance Improvement & Restructuring (PI&R) offering, you'll bring structure to complex business challenges and help turn insights into practical action. If you enjoy analytical problem-solving, collaborative delivery, and work that supports better business outcomes, this role offers a strong opportunity to grow your consulting career.

Recruiting for this role ends on 08/28/2026.

Work you'll do

As a Consultant on the Performance & Cost Improvement team, you will be responsible for helping clients evaluate and execute initiatives that improve cost structure, cash flow, and enterprise value.

  • Analyze operational, financial, and market data to identify value creation, cost optimization, and performance improvement opportunities
  • Support the development of business cases, pricing analyses, and financial models tailored to client objectives
  • Plan and support transformation engagements across industries, including coordinating workstreams, managing scope changes, and tracking progress against engagement objectives
  • Work with client stakeholders to assess issues, develop strategic recommendations, and prepare deliverables that align to engagement requirements
  • Serve as a liaison between business needs and technology-enabled solutions to support implementation and execution
  • Contribute to proposal development and other practice-building activities, as requested

A successful candidate would possess these skills:

  • Ability to work independently and collaborate as part of a team
  • Effective written and verbal communication skills
  • Meticulous attention to detail and quality of work product
  • Ability to build and sustain professional relationships
  • Ability to lead projects or workstreams
  • Ability to manage and prioritize multiple tasks in a fast-paced and dynamic environment
  • Strong interpersonal skills and professional demeanor
  • Ability to meet deadlines
  • Ability to provide clear guidance to others

The team

PI&R defines and leads enterprise Board and C-Suite agendas for non-distressed, underperforming, and distressed clients to improve margins, operational and financial performance, navigate financial difficulties, and improve cashflow to fund critical transformations.
Within PI&R, the Performance & Cost Improvement team helps clients identify, evaluate, and implement enterprise-wide cost reduction and margin improvement opportunities. They address financial pressure, improve operating performance, and stabilize business results. The team supports initiatives such as cost reduction, margin improvement, working capital and liquidity improvement, post-merger integration and synergy capture, operating model transformation, business model transformation, and analytics-enabled performance improvement. P&CI focuses on structural, enterprise-wide changes designed to support both immediate performance goals and long-term profitable growth. 

Qualifications 

Required: 

  • Bachelor's degree
  • 2+ years of experience in management consulting in operations improvement, transformation, mergers and acquisitions (M&A) integration, or business process reengineering focused on cost reduction or growth strategy
  • 2+ years of experience in financial analysis using data from multiple sources to assess value creation opportunities
  • 2+ years of experience developing models using Microsoft Excel, Microsoft PowerPoint, Microsoft Access, Visual Basic, Tableau, or similar tools
  • Ability to travel 50%, on average, based on the work you do and the clients and industries/sectors you serve
  • Limited immigration sponsorship may be available

Preferred:

  • Advanced degree
  • Experience serving corporate and private equity clients
  • Experience developing business cases, pricing analyses, or complex financial analyses
  • Experience creating executive-level presentations and client deliverables using Microsoft PowerPoint and Microsoft Visio
  • Experience with data visualization or analytics tools such as Tableau
  • Experience supporting proposal development
  • Experience using Microsoft Excel and analytics tools to support analysis and recommendations
  • Experience mentoring junior team members

The wage range for this role takes into account the wide range of factors that are considered in making compensation decisions including but not limited to skill sets; experience and training; licensure and certifications; and other business and organizational needs. The disclosed range estimate has not been adjusted for the applicable geographic differential associated with the location at which the position may be filled. At Deloitte, it is not typical for an individual to be hired at or near the top of the range for their role and compensation decisions are dependent on the facts and circumstances of each case. A reasonable estimate of the current range is $128,000 to $252,500.

You may also be eligible to participate in a discretionary annual incentive program, subject to the rules governing the program, whereby an award, if any, depends on various factors, including, without limitation, individual and organizational performance.

Qualifications:

Consultant, Strategy, Growth, and Transformation

Our Deloitte Strategy & Transactions team helps guide clients through their most critical moments and transformational initiatives. We offer comprehensive end-to-end support and advisory services, covering areas such as valuation modeling, cost optimization, restructuring, business design and transformation, infrastructure and real estate, mergers and acquisitions (M&A), and sustainability. The team works closely with clients at every stage of their journey, helping them navigate challenges, avoid financial pitfalls, and implement practical solutions before, during, and after major transformational projects or transactions creating lasting impact.
Help clients improve performance, manage costs, and operate more effectively. As a Senior Consultant in Deloitte's Performance & Cost Improvement (P&CI) team, within the Performance Improvement & Restructuring (PI&R) offering, you'll bring structure to complex business challenges and help turn insights into practical action. If you enjoy analytical problem-solving, collaborative delivery, and work that supports better business outcomes, this role offers a strong opportunity to grow your consulting career.

Recruiting for this role ends on 08/28/2026.

Work you'll do

As a Consultant on the Performance & Cost Improvement team, you will be responsible for helping clients evaluate and execute initiatives that improve cost structure, cash flow, and enterprise value.

  • Analyze operational, financial, and market data to identify value creation, cost optimization, and performance improvement opportunities
  • Support the development of business cases, pricing analyses, and financial models tailored to client objectives
  • Plan and support transformation engagements across industries, including coordinating workstreams, managing scope changes, and tracking progress against engagement objectives
  • Work with client stakeholders to assess issues, develop strategic recommendations, and prepare deliverables that align to engagement requirements
  • Serve as a liaison between business needs and technology-enabled solutions to support implementation and execution
  • Contribute to proposal development and other practice-building activities, as requested

A successful candidate would possess these skills:

  • Ability to work independently and collaborate as part of a team
  • Effective written and verbal communication skills
  • Meticulous attention to detail and quality of work product
  • Ability to build and sustain professional relationships
  • Ability to lead projects or workstreams
  • Ability to manage and prioritize multiple tasks in a fast-paced and dynamic environment
  • Strong interpersonal skills and professional demeanor
  • Ability to meet deadlines
  • Ability to provide clear guidance to others

The team

PI&R defines and leads enterprise Board and C-Suite agendas for non-distressed, underperforming, and distressed clients to improve margins, operational and financial performance, navigate financial difficulties, and improve cashflow to fund critical transformations.
Within PI&R, the Performance & Cost Improvement team helps clients identify, evaluate, and implement enterprise-wide cost reduction and margin improvement opportunities. They address financial pressure, improve operating performance, and stabilize business results. The team supports initiatives such as cost reduction, margin improvement, working capital and liquidity improvement, post-merger integration and synergy capture, operating model transformation, business model transformation, and analytics-enabled performance improvement. P&CI focuses on structural, enterprise-wide changes designed to support both immediate performance goals and long-term profitable growth. 

Qualifications 

Required: 

  • Bachelor's degree
  • 2+ years of experience in management consulting in operations improvement, transformation, mergers and acquisitions (M&A) integration, or business process reengineering focused on cost reduction or growth strategy
  • 2+ years of experience in financial analysis using data from multiple sources to assess value creation opportunities
  • 2+ years of experience developing models using Microsoft Excel, Microsoft PowerPoint, Microsoft Access, Visual Basic, Tableau, or similar tools
  • Ability to travel 50%, on average, based on the work you do and the clients and industries/sectors you serve
  • Limited immigration sponsorship may be available

Preferred:

  • Advanced degree
  • Experience serving corporate and private equity clients
  • Experience developing business cases, pricing analyses, or complex financial analyses
  • Experience creating executive-level presentations and client deliverables using Microsoft PowerPoint and Microsoft Visio
  • Experience with data visualization or analytics tools such as Tableau
  • Experience supporting proposal development
  • Experience using Microsoft Excel and analytics tools to support analysis and recommendations
  • Experience mentoring junior team members

The wage range for this role takes into account the wide range of factors that are considered in making compensation decisions including but not limited to skill sets; experience and training; licensure and certifications; and other business and organizational needs. The disclosed range estimate has not been adjusted for the applicable geographic differential associated with the location at which the position may be filled. At Deloitte, it is not typical for an individual to be hired at or near the top of the range for their role and compensation decisions are dependent on the facts and circumstances of each case. A reasonable estimate of the current range is $128,000 to $252,500.

You may also be eligible to participate in a discretionary annual incentive program, subject to the rules governing the program, whereby an award, if any, depends on various factors, including, without limitation, individual and organizational performance.

Education:Bachelor's DegreeEmployment Type:

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