Senior Cost Optimization Engineer

2 weeks ago


Barge Bay, Canada ITT Inc. Full time

ITT Inc. is an industrial leader in the manufacturing of critical components for fast-growing end markets.

About ITT

Salary: $140,000 - $180,000 per year (dependent on experience and location)

We design and develop customized technology solutions for the energy, transportation, and industrial markets. Our company has a clear purpose: to provide our customers with cutting-edge solutions to help solve their most critical needs.

The Product Cost Engineer will take care of the realization and estimation of the Technical Cost of the product and the creation of Target Cost of buy components. The enhancement of the above elements must be achieved through the development of specific techniques based on historical data, similarities, and prices received from the Purchasing Department.

Your Role

As a Product Cost Engineer at ITT Inc., you will be responsible for:

  • Cost estimation of product costs: apply or develop a methodology to estimate the technical cost of product.
  • Developing and implementing cost-saving strategies to optimize product costs.
  • Collaborating with cross-functional teams to ensure accurate and efficient product costing.

Required Skills and Qualifications

  • Bachelor's degree in engineering or a related field.
  • Proficient use of IT tools; Excel, SAP (or ERP in general) and Access.
  • Good knowledge of the English language.
  • Knowledge of cost analysis methodologies.

Benefits

  • A competitive salary and bonus structure.
  • A comprehensive benefits package, including medical, dental, and vision insurance.
  • A generous 401(k) matching program.


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