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Product Cost Engineer Jobs (NOW HIRING)

Astera Labs

Product Cost Manager

San Jose, CA · On-site

$150K - $180K/yr

Partner cross-functionally with Operations, Supply Chain, Engineering, and FP&A to evaluate the cost impact of new products, manufacturing process changes, supplier changes, and manufacturing ...

Brunswick

Cost Engineer

Fond Du Lac, WI · On-site

$72K - $115.30K/yr

Work with engineering on a Design to Target approach in early product development planning * Develop cost targets for mechanical engine parts (Castings, Stamped parts, Extrusions, and injection ...

PCL Construction

... cost and productivity data, supporting forecasts, and identifying variances to help manage ... Cost Engineer Requisition ID: 12312

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Cost Engineer (Automotive)

Auburn Hills, MI · On-site

$43.08/hr

This position plays a key role in supporting cost targets from early concept through full production. You will collaborate cross-functionally with engineering, purchasing, finance, and global ...

Parker

Cost Engineer

Woburn, MA · On-site

... engineering challenges and driving the future of electronics technology. Parker Chomerics is part ... Maintains item masters for assigned products. Provides cost information for customer quotations.

Astera Labs

Product Cost Manager

San Jose, CA · On-site

$150K - $180K/yr

... Engineering, and FP&A to evaluate the cost impact of new products, manufacturing process changes, supplier changes, and manufacturing transitions. • Support new product introduction (NPI) and ...

Skanska USA

Cost Engineer

Dallas, TX · On-site

Cost Engineer Required Qualifications: * * * Excellent math skills ... Computer knowledge and efficiency, including Microsoft Office products; * Minimum 2 years of ...

Millstone Weber LLC

Cost Engineer

Saint Charles, MO · On-site

As a Cost Engineer you will support decision‑making across preconstruction, estimating ... Analyze equipment utilization, fleet productivity, fuel consumption, and maintenance data to drive ...

Millstone Weber LLC

Cost Engineer

Saint Charles, MO · On-site

As a Cost Engineer you will support decisionmaking across preconstruction, estimating, operations ... Analyze equipment utilization, fleet productivity, fuel consumption, and maintenance data to drive ...

Millstone Weber LLC

Cost Engineer

Saint Charles, MO · On-site

As a Cost Engineer you will support decision-making across preconstruction, estimating, operations ... Analyze equipment utilization, fleet productivity, fuel consumption, and maintenance data to drive ...

Dragados USA

Cost Engineer

Manhattan, NY · On-site

$80K - $110K/yr

Assemble daily and weekly production documentation control reports. * Perform cost analysis and ... Bachelor's degree in Engineering, Finance, Accounting, or a related field required. * 3+ years of ...

JF White

Cost Engineer

Manhattan, NY · On-site

$80K - $110K/yr

Assemble daily and weekly production documentation control reports. * Perform cost analysis and ... Bachelor's degree in Engineering, Finance, Accounting, or a related field required. * 3+ years of ...

Flatiron Construction Corp

Cost Engineer

Indianapolis, IN · On-site

$75K - $85K/yr

As a Cost Engineer, you will play a pivotal role in monitoring, analyzing and forecasting the ... Assembles daily and weekly production documentation control reports. * Performs cost analysis and ...

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$45.5K

$97K

$139.5K

How much do product cost engineer jobs pay per year?

As of Jun 1, 2026, the average yearly pay for product cost 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 are the key skills and qualifications needed to thrive as a Product Cost Engineer, and why are they important?

To thrive as a Product Cost Engineer, you need a solid background in engineering, cost analysis, and manufacturing processes, often supported by a degree in engineering or related fields. Familiarity with cost modeling software, ERP systems, and tools like SAP or Excel is typically essential. Strong analytical thinking, attention to detail, and effective communication skills help in collaborating with cross-functional teams and presenting cost-saving recommendations. These skills and qualifications are crucial for accurately estimating product costs, optimizing resources, and supporting strategic business decisions.

How does a Product Cost Engineer typically collaborate with other departments during the product development process?

Product Cost Engineers work closely with cross-functional teams such as design, engineering, procurement, and manufacturing to ensure that products are developed within targeted cost parameters. They often participate in design reviews, provide cost estimates, and suggest design modifications to optimize material and production costs. Effective communication and teamwork are essential, as Product Cost Engineers act as a bridge between technical teams and finance, ensuring that cost considerations are integrated into decision-making from the earliest stages of product development.

What is a Product Cost Engineer?

A Product Cost Engineer is a professional responsible for analyzing, estimating, and managing the costs associated with manufacturing a product. They work closely with design, engineering, and procurement teams to evaluate materials, labor, and production processes to ensure products are developed within budget. Their goal is to optimize costs without compromising quality or functionality, helping organizations achieve profitability and competitive pricing. Product Cost Engineers often use specialized software and cost modeling techniques to support decision-making throughout the product lifecycle.

What is the difference between Product Cost Engineer vs Manufacturing Cost Analyst?

AspectProduct Cost EngineerManufacturing Cost Analyst
CredentialsBachelor's in Engineering, Finance, or related field; certifications like CPCM or CPMBachelor's in Accounting, Finance, or Industrial Engineering; similar certifications
Work EnvironmentDesign and development teams, manufacturing plants, engineering departmentsFinance and accounting departments, manufacturing facilities
Industry UsageProduct development, engineering, manufacturingCost analysis, budgeting, financial planning in manufacturing

Product Cost Engineers focus on estimating and controlling costs during product development, working closely with engineering teams. Manufacturing Cost Analysts primarily analyze manufacturing expenses, supporting budgeting and cost reduction efforts. While both roles involve cost analysis and require similar credentials, their focus areas and daily tasks differ within the manufacturing industry.

More about Product Cost Engineer jobs
What states have the most Product Cost Engineer jobs? States with the most job openings for Product Cost Engineer jobs include:
What job categories do people searching Product Cost Engineer jobs look for? The top searched job categories for Product Cost Engineer jobs are:
Product Cost Engineer jobs near you
Product Cost Manager

Product Cost Manager

Astera Labs

San Jose, CA • On-site

$150K - $180K/yr

Other

Posted 25 days ago

Job description

Overview
This role will be reported to the Sr. Cost Accounting and Inventory Manager and will be primarily responsible for overseeing and managing Astera Labs' cost accounting processes, ensuring accurate financial reporting and providing insights to support business decision-making. The ideal candidate has semiconductor experience and a strong understanding of GAAP and internal controls structures.

Responsibilities
Develop, implement, and maintain product cost accounting frameworks, cost accounting systems, processes, and internal controls to support a growing and evolving product portfolio. 
Own the month-end close process for cost accounting, including preparation of journal entries and reconciliations related to cost of sales, inventory, manufacturing variances, overhead absorption, accruals, reserves, and cost allocations. 
Lead detailed analysis of product costs, including material costs, subcontractor manufacturing costs, and other direct and indirect manufacturing costs. 
Analyze and monitor manufacturing and inventory variances, and partner with Business Operations to identify cost drivers, trends, and opportunities for improvement. 
Manage and enhance the standard cost process, including cost roll-ups, BOM/routing validation, cost component review, and quarterly standard cost updates; ensure standard costs accurately reflect current product structures and manufacturing assumptions. 
Partner cross-functionally with Operations, Supply Chain, Engineering, and FP&A to evaluate the cost impact of new products, manufacturing process changes, supplier changes, and manufacturing transitions.
Support new product introduction (NPI) and lifecycle cost management by reviewing initial product cost assumptions, validating costed BOMs, and ensuring timely setup of standard costs in the ERP system. 
Support gross margin analysis by providing product cost insights, variance explanations, and bridge analyses for forecast, close, and management reporting. 
Drive cost improvement initiatives by partnering with cross-functional teams to identify and evaluate opportunities for cost reduction and optimization, efficiency improvements, yield enhancement, and supply chain savings.
Qualifications
7+ years of experience in Finance or Accounting, including 5+ years of direct experience in product costing, standard cost accounting, and inventory control, preferably in the semiconductor industry. 
Strong expertise in standard costing, cost roll-ups, BOM/routing structures, inventory valuation, cost of sales, and manufacturing variance analysis. 
Solid understanding of semiconductor supply chain and manufacturing flows, including subcontract manufacturing, wafer/test/assembly processes, and related cost structures strongly preferred. 
Thorough knowledge of US GAAP and related inventory and cost accounting principles, including reserves, capitalization, and cost recognition. 
Excellent organizational, communication, and cross-functional collaboration skills.

Base salary range is $150,000 to $180,000 depending on experience, level, and business need. This role may be eligible for discretionary bonus, incentives and benefits.

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