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Product Cost Engineering Jobs (NOW HIRING)

OSI Engineering

Cost Engineer

Columbus, OH · On-site

Collaborate with engineering and purchasing teams to ensure product cost targets are achieved. * Analyze engineering specifications, CAD models, BOMs, supplier quotations, project timing, and cost ...

Meta

Product Cost Engineer

Redmond, WA

$168K/yr

You will team up cross-functionally with Operations, Engineering, Product Management, Sourcing ... Product Cost Engineer Responsibilities: * Support cross functional teams in active reporting and ...

OSI Engineering, Inc.

Cost Engineer

Columbus, OH · On-site

Required Qualifications · 3+ years of experience in cost engineering, manufacturing engineering, product costing, or a related field. · Bachelor''''s degree in Engineering, Manufacturing, Supply ...

Meta

Product Cost Engineer

Redmond, WA · On-site

$168K - $234K/yr

As a Product Cost Engineer at Meta Reality Labs, you will manage all aspects of the financial ... You will team up cross-functionally with Operations, Engineering, Product Management, Sourcing ...

KASAI NORTH AMERICA

Cost Engineer

Murfreesboro, TN

Assesses cost effectiveness of products and projects to achieve target cost conferring with other ... Bachelor's Degree in engineering/science, preferred, or equivalent experience in cost estimation ...

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All JobsProduct Cost Engineering Jobs

Product Cost Engineering information

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$45.5K

$97K

$139.5K

How much do product cost engineering jobs pay per year?

As of Jul 11, 2026, the average yearly pay for product cost engineering 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 strong analytical skills, a background in engineering or finance, and expertise in cost estimation and manufacturing processes. Familiarity with cost modeling software, ERP systems, and proficiency in tools like Excel or SAP are typically required. Outstanding problem-solving abilities, attention to detail, and effective communication help you collaborate with cross-functional teams and present cost-saving recommendations. These skills are crucial for ensuring products are developed within budget constraints while maintaining quality and competitiveness in the market.

What is Product Cost Engineering?

Product Cost Engineering is a specialized field focused on analyzing, estimating, and optimizing the costs associated with designing, manufacturing, and delivering a product. Professionals in this role work closely with engineering, procurement, and finance teams to identify cost-saving opportunities without compromising quality or performance. Their work helps companies develop competitive products by balancing cost targets with technical requirements throughout a product's lifecycle.

How does a Product Cost Engineer typically collaborate with cross-functional teams during the product development process?

Product Cost Engineers work closely with design, engineering, procurement, and manufacturing teams to ensure cost targets are met throughout the product lifecycle. They provide cost estimates during early design phases, suggest cost-saving alternatives, and analyze supplier quotes to support sourcing decisions. Regular meetings and open communication channels are essential, as Product Cost Engineers often mediate between technical and financial stakeholders to balance product quality, manufacturability, and budget constraints.

What is the difference between Product Cost Engineering vs Cost Estimator?

AspectProduct Cost EngineeringCost Estimator
Primary FocusAnalyzing and controlling product costs throughout development and productionEstimating costs for projects or products before production begins
Required SkillsCost analysis, engineering knowledge, manufacturing processesCost calculation, data analysis, project scope understanding
Work EnvironmentManufacturing, engineering, product developmentProject planning, bidding, proposal development
CertificationsCost Engineering certifications (e.g., AACE), engineering backgroundCost Estimation certifications, analytical skills

Product Cost Engineering focuses on managing and optimizing costs during product development and manufacturing, while Cost Estimators primarily prepare cost projections before project initiation. Both roles require analytical skills and understanding of costs but serve different stages of the product lifecycle.

More about Product Cost Engineering jobs
What cities are hiring for Product Cost Engineering jobs? Cities with the most Product Cost Engineering job openings:
What states have the most Product Cost Engineering jobs? States with the most job openings for Product Cost Engineering jobs include:
What job categories do people searching Product Cost Engineering jobs look for? The top searched job categories for Product Cost Engineering jobs are:
Product Cost Engineering jobs near you
Infographic showing various Product Cost Engineering 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

OSI Engineering

Columbus, OH • On-site

Other

Posted 11 days ago

Job description

We are seeking a Cost Engineer to join our client (global leader in the automotive industry) and support product cost analysis, supplier evaluations, and value engineering initiatives.


This role will work cross-functionally with engineering, purchasing, and suppliers to evaluate manufacturing costs, develop should-cost models, and identify cost optimization opportunities throughout the product development lifecycle.


Responsibilities

  • Evaluate product designs for manufacturability and cost competitiveness.
  • Develop and maintain piece cost and investment should-cost models using aPriori and other cost modeling tools.
  • Support RFQ activities by analyzing supplier quotations and validating manufacturing costs.
  • Perform cost analysis to support supplier negotiations and sourcing decisions.
  • Track cost impacts resulting from engineering design changes.
  • Identify value analysis/value engineering (VA/VE) opportunities and recommend cost reduction initiatives.
  • Maintain cost tracking tools, reporting dashboards, and cost databases.
  • Collaborate with engineering and purchasing teams to ensure product cost targets are achieved.
  • Analyze engineering specifications, CAD models, BOMs, supplier quotations, project timing, and cost targets to provide accurate cost assessments.


Required Qualifications

  • 3+ years of experience in cost engineering, manufacturing engineering, product costing, or a related field.
  • Bachelor's degree in Engineering, Manufacturing, Supply Chain, or a related technical field (or equivalent experience).
  • Strong understanding of manufacturing processes, including: Injection molding, Metal stamping and fabrication, Thermoforming, and Assembly processes
  • Experience developing should-cost models and performing manufacturing cost analysis.
  • Strong analytical skills with advanced proficiency in Microsoft Excel.
  • Excellent communication and collaboration skills with cross-functional teams.


Required Software

  • Microsoft Excel
  • Microsoft PowerPoint
  • aPriori
  • CAD Viewer (CATIA V6 or equivalent)


Preferred Qualifications

  • Experience in the automotive industry.
  • Familiarity with supplier cost evaluations and RFQ processes.
  • Experience supporting sourcing decisions and supplier negotiations.
  • Knowledge of value engineering (VA/VE) methodologies.


Location: Raymond, OH (Hybrid – Approximately 4 days/week)

Duration: June 2026 – March 2027 (Potential for Extension)

Travel: Less than 5%


No 3rd party agencies or C2C

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