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Product Cost Engineering Jobs in Michigan (NOW HIRING)

Senior Analyst / Lead Analyst roles in Product Cost, Program Finance, or Vehicle Cost Engineering * Program cost leadership assignments (vehicle line, platform, or commodity) * Broader controllership ...

... product design and release engineers. Job responsibilities include but are not limited to ... Develop component level cost targets, applying vehicle top-down budget allocation * Understand and ...

... product design and release engineers. Job responsibilities include but are not limited to ... Develop component level cost targets, applying vehicle top-down budget allocation * Understand and ...

... product design and release engineers. Job responsibilities include but are not limited to ... Develop component level cost targets, applying vehicle top-down budget allocation * Understand and ...

Minimum 5 years of experience in Purchasing Finance, Product Finance, Vehicle Cost Engineering, Plant Cost Analyst, or a comparable analytical role. Proven ability to develop, validate, and defend ...

Cost Engineering/Analyst

Dearborn, MI · Hybrid

$74K - $166K/yr

Join the Ford Product Development team. Utilizing Design Thinking & User Experience methods, you'll ... The Cost Engineer/Cost Analyst for this position must have experience in more than one of the ...

Senior Analyst / Lead Analyst roles in Product Cost, Program Finance, or Vehicle Cost Engineering * Program cost leadership assignments (vehicle line, platform, or commodity) * Broader controllership ...

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Product Cost Engineering information

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 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 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.

What are popular job titles related to Product Cost Engineering jobs in Michigan?

For Product Cost Engineering jobs in Michigan, the most frequently searched job titles are:

What job categories do people searching Product Cost Engineering jobs in Michigan look for?

The top searched job categories for Product Cost Engineering jobs in Michigan are:

What cities in Michigan are hiring for Product Cost Engineering jobs?

Cities in Michigan with the most Product Cost Engineering job openings:

Vehicle Cost Manager - Product Cost (Serial Life)

Stellantis

Auburn Hills, MI • On-site

Full-time

Re-posted 25 days ago


Stellantis rating

7.5

Company rating: 7.5 out of 10

Based on 131 frontline employees who took The Breakroom Quiz

15th of 45 rated automakers


Job description

The Vehicle Cost Manager (Serial Life), Product Cost position resides within the Financial Planning & Analysis group. This position will support the Value Creation Program.
This position is responsible for:
  • Managing cost evolution for vehicle programs through Serial Life
  • Developing monthly PCS & TPC support documentation
  • Aligning with Chief Vehicle Executives (CVEs) & Program Economic Managers (PEMs) to ensure Finance alignment on program cost with Engineering leadership
  • Managing a team of six analysts that work alongside Program Economic Managers (PEM), Manufacturing Finance, MGA, Model Controllers, Purchasing Finance, IBT Finance, Sales & Marketing Finance, and Product Engineering
  • Understanding vehicle construction by systems/subsystems and part break-up to identify cost drivers
  • Promoting process simplification and accuracy along with other special studies as required
  • Partnering with IT and global regions to ensure data integrity, tool enhancements, and standardized methodologies for PCS/TPC and program economics

Basic Qualifications:
  • Bachelor's degree or higher in Finance, Economics, Accounting, or Engineering; or related degree
  • Minimum 10 years of automotive industry experience in one or more of the following: program economics / vehicle finance cost, Vehicle Cost Engineering, platform finance, product cost (MGA / plant), or program management
  • Strong working knowledge of vehicle structure and bill of material concepts (BOM/EBOM) and ability to understand vehicle construction by systems/subsystems
  • Excellent leadership, communication, and people skills; ability to motivate and lead cross-functional teams without direct reporting relationship
  • Proficient in MS Office (Excel, PowerPoint, Word, Outlook) and familiarity with relevant costing/engineering systems (e.g., EBOM, Vehicle Content Configurator, SAP, Engineering Change Notice)
  • PowerPoint proficiency and experience creating executive-ready decks and clear narrative summaries

Preferred Qualifications:
  • Advanced technical or management degree (e.g., Master's in Finance, Economics, Engineering, Business Administration, or Accounting)
  • Engineering vehicle cost analysis experience and / or experience in vehicle / component design & release engineering
  • Prior experience with plant budgets, engineering systems, or product cost at MGA / plant / Sales & Marketing
  • Advanced user in MS Office suite. Excel (e.g. pivot tables, VLOOKUP, charts), Co-pilot, PowerPoint

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