Senior Cost Engineer

General Responsibilities
• Development of comprehensive project budgets and advanced cost models, ensuring accuracy and alignment with complex technical drawings and specifications.
• Handles the review of drawings and specifications, and provide expert guidance in the preparation of high-level cost estimates and strategic bid packages.
• Establish, track, and ongoing maintenance of project budgets and forecasts, ensuring robust financial controls across multiple projects.
• Monitor and analyze actual project expenditures versus approved budgets, identify significant variances, and implement corrective strategies to optimize financial performance.
• Lead project cost forecasting and conduct in-depth cost-benefit analyses to inform executive decision-making and strategic planning.
• Handles the preparation of advanced cost performance reports and present key financial insights to project managers and senior leadership.
• Identify and evaluate major cost risks, manage substantial contingency funds, and develop and implement sophisticated risk mitigation strategies.
•  Lead the analysis and negotiation of supplier contracts, high-value quotes, and complex change orders to ensure cost efficiency and compliance.
• Handles the maintenance of comprehensive project documentation, cost databases, and historical data, ensuring data integrity and accessibility for future projects.
•   Develops high-level communication with project teams and stakeholders to resolve complex budget discrepancies and ensure strict adherence to organizational standards and best practices.

Experience / Qualifications
• Relevant work experience or knowledge of the role
• Must be a team player able to work in a fast-paced environment with demonstrated ability to handle multiple competing tasks and demands
• Strong communication skills; oral, written and presentation
• Strong organization, planning and time management skills to achieve results
• Strong personal and professional ethical values and integrity
• Holds self-accountable to achieving goals and standards
• Proficient in Microsoft Office programs (Outlook, Word, PowerPoint, and Excel)
• Strong interpersonal & collaboration skills to work effectively with all levels of the organization including suppliers and/or external customers

Experience / Qualifications 

• Bachelor's Degree in Mechanical, Manufacturing, Industrial, Automotive, Mechatronics, or related Engineering discipline. 

• Typically 7+ years of experience in cost engineering, value engineering, manufacturing engineering, product development, sourcing engineering, product costing, or related technical functions. 

• Experience analyzing product and manufacturing costs in a manufacturing environment. 

• Experience developing should-cost models and performing product cost analysis. 

• Experience conducting teardown studies and component-level cost evaluations. 

• Knowledge of manufacturing processes, materials, product design, and cost optimization methodologies. 

• Experience participating in supplier reviews, sourcing activities, supplier workshops, or value engineering programs. 

• Strong analytical, communication, presentation, and stakeholder management skills. 

• Ability to lead technical discussions and influence cross-functional teams without direct authority. 

• Proficiency in Microsoft Office applications, particularly Excel. 

• Experience in automotive, industrial manufacturing, electronics manufacturing, or similar environments preferred. 

Experience with value engineering, design-to-cost, target costing, and should-cost methodologies preferred. 

Gross Annual Salary Range:

The salary range is published in line with the EU Pay Transparency Directive and relevant country legislation.

Starting Salary

The starting salary offered will be based on objective, gender-neutral criteria , (e.g internal equivalency, relevant skills, experience, qualifications etc.). Applicants will not be asked for salary history.

• Collaborating at Sensata means working with some of the world’s most talented people in an enriching environment that is constantly pushing towards the next best thing

• Employees work across functions, countries and cultures gaining new perspectives through mutual respect and open communication

•  As OneSensata, we are working together to make things work together 

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