Principal Engineer, Product Target Costing

Posted Yesterday
Be an Early Applicant
2 Locations
In-Office
7-7 Annually
Senior level
Consumer Web • Information Technology
The Role
The Principal Engineer for Product Target Costing at HARMAN leads target costing methodologies for automotive electronic systems, manages cost governance, drives cost alignment, and engages with cross-functional stakeholders to close cost gaps and enhance product lifecycle management.
Summary Generated by Built In
HARMAN’s engineers and designers are creative, purposeful and agile. As part of this team, you’ll combine your technical expertise with innovative ideas to help drive cutting-edge solutions in the car, enterprise and connected ecosystem. Every day, you will push the boundaries of creative design, and HARMAN is committed to providing you with the opportunities, innovative technologies and resources to build a successful career.

A Career at HARMAN

As a technology leader that is rapidly on the move, HARMAN is filled with people who are focused on making life better. Innovation, inclusivity and teamwork are a part of our DNA. When you add that to the challenges we take on and solve together, you’ll discover that at HARMAN you can grow, make a difference and be proud of the work you do everyday.

A Career at HARMAN Automotive

We’re a global, multi-disciplinary team that’s putting the innovative power of technology to work and transforming tomorrow. At HARMAN Automotive, we give you the keys to fast-track your career.

  • Engineer audio systems and integrated technology platforms that augment the driving experience.

  • Combine ingenuity, in-depth research, and a spirit of collaboration with design and engineering excellence.

  • Advance in-vehicle infotainment, safety, efficiency, and enjoyment.

About the Role

The Principal engineer Product Target costing shape, drive applies HARMAN’s Target Costing methodology within assigned electronic & Acoustics system programs. The role owns system, process governance to ensure an end-to-end target cost execution at system and module level. As the system owner, it ensures cost transparency, identifying cost gaps, and supporting cost closure actions in close collaboration with Engineering, Purchasing, Program Management, and Finance globally.

What You Will Do

Target Costing project & program Execution

  • Owner of Target costing system/process/framework for Automotive passenger electronic systems.

  • Lead, drive HARMAN Target Costing methodology for programs.

  • Translate customer target prices into system, module, and component-level target costs.

  • Identify, lead and track cost gaps, risks, and opportunities.

  • Drive cross program standards for cost closure actions with cross-functional stakeholders.

  • Ensure target cost alignment at key program milestones.

  • Develop, shape independently and maintain Target-cost models for HW, SW, and manufacturing.

  • Analyze BOMs, architectures, and manufacturing concepts.

  • Perform benchmarking and competitive cost analysis.

  • Identify value engineering opportunities and lead it through CVM process.

  • Support value workshops and cost reduction initiatives.

  • Drive Contribute to reuse, modularization, and standardization strategies.

What You Need to Be Successful

  • Bachelor’s or master’s degree in industrial engineering, Business Engineering or related field.

  • 7+ years of experience in Target costing, cost engineering, product costing, or similar.

  • Prior proven experience on Automotive cost management.

  • Deep technical understanding of Automotive electronics or Display.

  • Strong exposure to Automotive cost structures and product lifecycle.

  • Analytical, stakeholder management, and communication skills.

  • Ensure a sustainable knowledge Transfer globally and succession.

  • Proactive Consistent user experience and foster high adoption.

  • Beyond the line analytical skills in competitive benchmarking and cost modeling; advanced Excel proficiency.

Bonus Points if You Have

  • Tier1electronic system experience.

  • Solid technical understanding of Automotive acoustics.

  • Tear down benchmark background.

  • Knowledge on 3rd party relevant tools.

  • Familiarity with CRM/ERP systems is an advantage.

  • Proven ability to coordinate across multiple departments and drive alignment.

  • AI machine learning applicable Method.

What Makes You Eligible

  • Fluent in English language.

  • Willingness to travel, if necessary.

What We Offer

  • Flexible work environment.

  • Access to employee discounts on world-class Harman products (JBL, HARMAN Kardon, AKG, etc.).

  • Extensive training opportunities through our own HARMAN University.

  • Competitive wellness benefits.

  • “Be Brilliant” employee recognition and rewards program.

  • An inclusive and diverse work environment that fosters and encourages professional and personal development.

HARMAN is proud to be an Equal Opportunity / Affirmative Action employer. All qualified applicants will receive consideration for employment without regard to race, religion, color, national origin, gender (including pregnancy, childbirth, or related medical conditions), sexual orientation, gender identity, gender expression, age, status as a protected veteran, status as an individual with a disability, or other applicable legally protected characteristics.

Skills Required

  • Bachelor's or master's degree in industrial engineering, Business Engineering or related field
  • 7+ years of experience in Target costing, cost engineering, product costing, or similar
  • Prior proven experience on Automotive cost management
  • Deep technical understanding of Automotive electronics or Display
  • Strong exposure to Automotive cost structures and product lifecycle
  • Analytical, stakeholder management, and communication skills
  • Proven ability to coordinate across multiple departments and drive alignment

Harman Compensation & Benefits Highlights

The following summarizes recurring compensation and benefits themes identified from responses generated by popular LLMs to common candidate questions about Harman and has not been reviewed or approved by Harman.

  • Healthcare Strength Healthcare coverage is described as comprehensive, often including medical, dental, and vision plans, with HSAs/FSAs and disability or life insurance also referenced. Wellbeing support such as EAP access and onsite occupational health services is also part of the package in some regions.
  • Wellbeing & Lifestyle Benefits Lifestyle-oriented benefits include employee product discounts and region-specific perks like free fruit deliveries, Cycle to Work schemes, and meal coupons or allowances. Flexible schedules and work-from-home options are also part of the overall offering where roles and projects allow.
  • Fair & Transparent Compensation Pay is repeatedly characterized as solid or market-aligned for many roles, with salary payments described as consistent and on time. Compensation is also tied to performance in some accounts, reinforcing a perception of basic fairness for a portion of employees.

Harman Insights

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The Company
Bangalore, Karnataka
22,291 Employees
Year Founded: 1980

What We Do

Headquartered in Stamford, Connecticut, HARMAN (harman.com) designs and engineers connected products and solutions for automakers, consumers, and enterprises worldwide, including connected car systems, audio and visual products, enterprise automation solutions; and services supporting the Internet of Things. With leading brands including AKG®, Harman Kardon®, Infinity®, JBL®, Lexicon®, Mark Levinson® and Revel®, HARMAN is admired by audiophiles, musicians and the entertainment venues where they perform around the world. More than 50 million automobiles on the road today are equipped with HARMAN audio and connected car systems. Our software services power billions of mobile devices and systems that are connected, integrated and secure across all platforms, from work and home to car and mobile. HARMAN has a workforce of approximately 30,000 people across the Americas, Europe, and Asia. In March 2017, HARMAN became a wholly-owned subsidiary of Samsung Electronics Co., Ltd. HARMAN is an Equal Opportunity, Affirmative Action employer. Minorities, women, veterans and individuals with disabilities are encouraged to apply. HARMAN offers a great work environment, challenging career opportunities, professional training and competitive compensation. Looking for a challenge where your experience is valued? Come see what you can achieve as a leader with HARMAN!

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