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Product Cost Engineer Jobs (NOW HIRING)

Our teams have invented groundbreaking technologies, flawlessly manufactured millions of products ... The Cost Engineer/Analyst North America is a critical role in the global cost engineering ...

Our teams have invented groundbreaking technologies, flawlessly manufactured millions of products ... The Cost Engineer/Analyst North America is a critical role in the global cost engineering ...

You will collaborate with global engineering, purchasing, finance, and supplier teams to ensure competitive and transparent cost structures from early concept through serial production. Multiple ...

Cost Engineer -Stamping & welding Location: Auburn Hills, Michigan USA Experience requirement ... production, quality, process expertise and costing Field • Expertise in Steel/Aluminum Stamping ...

Evaluate product designs for manufacturability and overall cost effectiveness. * Develop detailed should-cost models, including piece price and investment, using aPriori and other cost modeling ...

You will collaborate with global engineering, purchasing, finance, and supplier teams to ensure competitive and transparent cost structures from early concept through serial production. Multiple ...

The Cost Engineer will be mainly responsible for preparing, submitting, and defending change orders ... Computer knowledge and efficiency, including Microsoft Office Products. Experience with Clearstory ...

You will collaborate with global engineering, purchasing, finance, and supplier teams to ensure competitive and transparent cost structures from early concept through serial production. Multiple ...

Cost Engineer - Electrical develops direct material costs and tooling investments for Electrical ... Stay one step ahead of the product development, challenge and set contacts with components Key ...

In this role, you will work closely with our product development, engineering, and supply chain ... Should-Cost Modeling & BOM Cost Tracking * Develop and maintain accurate should-cost models that ...

Cost Engineer

New Rochelle, NY · On-site

$120K - $140K/yr

Cost Engineer - Civil (Transit Projects) Location: New Rochelle, NY (On-site, 5 days per week ... Track manpower usage and productivity * Prepare cost reports and support forecasting/earned value ...

Bachelor's degree in engineering or related technical degree; Electrical or Mechanical Engineering is preferred * 7 plus years' experience in Product Cost, Product Management, Engineering, Supply ...

In this role, you will work closely with our product development, engineering, and supply chain ... Should-Cost Modeling & BOM Cost Tracking * Develop and maintain accurate should-cost models that ...

The Cost Engineer is responsible for developing accurate and comprehensive cost calculations for new products. This role leads the estimation of initial costs for materials, sheet metal fabrication ...

... product change notices; 3) evaluating tool firm price contracts and verifying asset existence; 4) ... cost models. Qualifications * BS in Electrical or Mechanical Engineering (or equivalent) from an ...

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Product Cost Engineer information

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$45.5K

$97K

$139.5K

How much do product cost engineer jobs pay per year?

As of Jul 14, 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 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.

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.

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 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.
More about Product Cost Engineer jobs
What job categories do people searching Product Cost Engineer jobs look for? The top searched job categories for Product Cost Engineer jobs are:
Infographic showing various Product Cost Engineer job openings in the United States as of July 2026, with employment types broken down into 1% As Needed, 88% Full Time, 9% Part Time, and 2% Contract. Highlights an 94% Physical, 2% Hybrid, and 4% Remote job distribution, with an average salary of $97,048 per year, or $46.7 per hour.
Cost Engineer

Cost Engineer

Lear Corporation

Southfield, MI • On-site

Full-time

Re-posted 29 days ago


Lear Corporation rating

7.0

Company rating: 7.0 out of 10

Based on 66 frontline employees who took The Breakroom Quiz

104th of 142 rated electronics manufacturers


Job description

Lear For You
We work hard for the people who work for us. We champion our teams. We foster collaboration, inclusion, respect and excellence. What we are trying to say is we want to be more for you.
We are your path to a better career, a better future, and a better you.
Our teams have invented groundbreaking technologies, flawlessly manufactured millions of products and earned a long list of awards. Year after year, we are one of the World's Most Admired Companies.
Our teams are the secret to our success. They are empowered, inventive and inclusive. Passionate about their craft. Driven to succeed. Because we all understand that we must work together to win.
Are you ready for a better career? A better future?
We're Lear For You.
Lear For You
We work hard for the people who work for us. We champion our teams and foster collaboration, inclusion, respect and excellence. Because we want to be more for you.
A path to a better career. A better future.
Our teams have invented groundbreaking technologies, manufactured millions of products and earned a long list of awards. Year after year, we're named one of the World's Most Admired Companies.
They're the secret to our success-empowered, inventive and inclusive. Passionate about their craft. Driven to succeed. Because we win together.
Are you ready for a better career? A better future?
Job Description
The Cost Engineer/Analyst North America is a critical role in the global cost engineering organization which will provide support to global purchasing , sales and finance teams. The cost engineer will develop cost models for automotive components for multiple commodities ranging from plastics, metals, tubes, electrical components utilizing activity-based cost accounting principles and assist purchasing in sourcing negotiations based on factual data. Requires limited supervision and a thorough knowledge of activity based clean sheet costing in the automotive industry. Any cost engineering experience in the automotive OEMs or TIER 1s is a big plus.
Your Qualifications
  • 3+ years of cost modeling, cost engineering and/or purchasing experience with a working knowledge of activity-based costing principles
  • Bachelor's degree required
  • Understanding of activity-based costing principles in manufacturing
  • Ability to analyze production steps and costs in supplier manufacturing facilities
  • Knowledge of automotive manufacturing processes such as stamping, injection molding, wiring, excrusions, and clips
  • Ability to work in a cross functional environment including purchasing, engineering, finance, and sales
  • Ability to explain gaps between should costs and supplier pricing based on factual data
  • High level of independent judgment, intiative, creativity, and managing multiple projects
  • Problem solving and analytical thinking
  • Priority setting and time management
  • Action oriented/produces results
  • Effective communication, presentation, and interpersonal skills required to communicate with a global team in a timely manner.

Bonus if you have
  • BA/BS engineering degree preferred
  • MBA or Masters in engineering field preferred

Equal Opportunity Employer
Lear Corporation is committed to fair, merit-based employment practices and equal opportunity.
We provide reasonable accommodations in accordance with applicable law. For assistance during the application process, contact your recruiter directly.
Applicants must submit their resume for consideration using our applicant tracking system. Due to the high volume of applications received, only candidates selected for interviews will be contacted. Candidates must be legally authorized to work in the country where the position is located. Unsolicited resumes from search firms, employment agencies, or similar, will not be paid a fee and will become the property of Lear Corporation.
Location Code: 0065

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