The Kraft Heinz Company
We are on a journey to create a digitally-powered, agile-enterprise. Join us!
Hybrid

Cost Modeling Associate

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WHO WE ARE  

We're one of the world's largest food and beverage companies and a trusted producer of high-quality, great-tasting, and nutritious foods, earning us a spot on 97% of American household tables. As the guardians of our beloved brands and the creators of innovative products, we're dedicated To Sustainably Grow by Delighting More Consumers Globally. 

Today, The Kraft Heinz Company is building a new legacy by investing in a robust Digital infrastructure to revolutionize the food and beverage industry. We are on a journey to create a digitally-powered, agile-enterprise – all while honoring a 150-year heritage and a portfolio of 200 iconic brands. At the heart of this journey is our ambition to create an environment where powerful AI solutions augment humans and where small mission-based teams relentlessly pursue tangible solutions for our consumers, customers, and the enterprise. 

That ambition requires us to create a modern cloud and data ecosystem - a one of its kind that becomes the neural network of our company. We want you to bring your tech-self to us. We use Python, R, Spark, React, Tableau, Snowflake, Azure, and others to solve our business challenges. You can look forward to high-impact, no bureaucracy, entrepreneurial work – done in small teams – and a unique opportunity to create something bold, something awesome, something inventive -- and something globally impactful. 

Dedicated cost modeling specialists will support category teams, which enables fast model development, standard quality and upgrades over time


WHAT YOU’LL DO  

As a Cost Modeling Associate, you will work closely with a multidisciplinary procurement and R&D teams to develop and maintain the multiple cost models across key spend categories. These models will generate insights from our connected data, enabling KHC to develop actionable pipeline of cost savings initiatives. This role requires to be an Agile learner, possess strong problem-solving skills, work as part of a technical, cross functional analytics team, and want to solve complex data problems and deliver the insights to enable impact in the procurement spend.

A Cost  Engineer Analyst will develop concrete product improvements within our value engineering approach and target costing projects and you’ll contribute to creating innovative product ideas. 

In this role will focus to improve productivity and effectiveness by working to develop products and services that fit company needs, are produced with attractive margins, provide platforms for add-on offerings, and enhance the reputation of the brand for future business growth. 

This role includes cost modelling, as well as coordinating the collection, analysis and reporting of data from various sources to support strategic sourcing, supplier engagement and reporting needs within the Procurement pod in support of the company’s vision.


  • Monitors market trends regarding prices, design and other key cost drivers
  • Analyzes market data, building supplier profiles and understanding capabilities
  • Maintains and update cost models, reviewing key assumptions periodically and identify price variance in the categories
  • Runs the data through the cost models and doing the initial analysis for category teams, identifying TCO levers and performing the appropriate analysis, including LPP
  • Develops database consolidating specifications, drawings and technical documents to support competitive events and supplier conversations
  • Coordinates with supporting teams (e.g., risk management) to update appropriate assumptions in cost model
  •  

WHO YOU ARE  

  • Master of Science in Electronics, Mechanical Engineering, or other engineering fields
  • 4+ years of experience in product development related functions, including product cost optimization, product design, value engineering, DFMA, R&D prototyping, supplier management, negotiation, target cost setting
  • Demonstrated analytic and quantitative skills with the ability to structure and solve problems
  • Ability to work collaboratively in a team environment and effectively with people at all levels in an organization

Ability to communicate complex ideas effectively – both verbally and in writing – in English

Strong business acumen

Willingness to travel


WHY US? 

We're accelerating our ambition to become a best-in-class Digital leader by making data-driven investments that drive smarter business decisions. As the guardians of 200 beloved brands and the creators of innovative products, we're dedicated To Sustainably Grow by Delighting More Consumers Globally. What we build today helps bring joy to customers, consumers, and communities around the world tomorrow. Ready to build the future of food, now? Have a seat at our table and join our Digital Revolution. 


Ready to help future-proof our legacy? Join our table, and Let's Make Life Delicious!  





Equal Opportunity Employer – minorities/females/veterans/individuals with disabilities/sexual orientation/gender identity

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What are The Kraft Heinz Company Perks + Benefits

Culture
Volunteer in local community
Partners with nonprofits
OKR operational model
Team based strategic planning
Open office floor plan
Employee resource groups
Hybrid work model
Diversity
Dedicated diversity and inclusion staff
Mandated unconscious bias training
Diversity employee resource groups
Our BRGs are a cornerstone of our Diversity, Inclusion, and Belonging efforts. Entirely employee driven, these groups provide invaluable education, insight, and community at Kraft Heinz.
Hiring practices that promote diversity
Diversity recruitment program
At Kraft Heinz we choose to welcome everyone at our table. We choose to be inclusive because diverse backgrounds and perspectives make us stronger, more thoughtful, and more innovative.
Health Insurance & Wellness Benefits
Flexible Spending Account (FSA)
Disability insurance
Dental insurance
Vision insurance
Health insurance
Life insurance
Pet insurance
Wellness programs
Mental health benefits
Transgender health care benefits
Abortion travel benefits
Financial & Retirement
401(K)
401(K) matching
7% 401(k) matching
Employee stock purchase plan
Performance bonus
Charitable contribution matching
Child Care & Parental Leave Benefits
Generous parental leave
Family medical leave
Adoption Assistance
Fertility benefits
Vacation & Time Off Benefits
Paid holidays
Paid sick days
Floating holidays
Bereavement leave benefits
Office Perks
Commuter benefits
Company-sponsored outings
Relocation assistance
Fitness stipend
Meditation space
Mother's room
Onsite gym
Professional Development Benefits
Job training & conferences
Tuition reimbursement
Lunch and learns
Promote from within
Mentorship program
Continuing education available during work hours
Online course subscriptions available
Customized development tracks

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