Should Cost Analyst /Engineer

As a Should Cost Analyst in our Global Supply Chain group, you'll be part of a collaborative and inclusive international team that values innovation, mutual respect, and diversity. Each day, you’ll interact with cross-functional teams across engineering, procurement, manufacturing, and category management to analyze and model product costs. You will dig deep into data, explore new technologies and suppliers, and support key negotiations and decisions that drive cost efficiency across our organization.

You’ll work in a hybrid setting, contributing to global initiatives while supporting regional teams and attending meetings across time zones. Your day will also include building and maintaining cost databases, performing feasibility studies for new product development, and translating cost data into actionable insights for our senior leadership.

• Conducting detailed cost analyses to determine the "should cost" for components, materials, and services.

• Developing robust cost models and benchmarking tools to support pricing and sourcing strategies.

• Partnering with engineering, procurement, and manufacturing teams to gather technical and commercial data.

• Supporting supplier negotiations with cost breakdowns and alternative cost-saving opportunities.

• Identifying and driving cost reduction initiatives across the supply chain.

• Creating and maintaining accurate, up-to-date cost databases and reporting tools.

• Analyzing market trends and material cost movements to forecast potential pricing impacts.

• Presenting cost structures, savings initiatives, and forecasts to senior leadership.

• Providing cost analysis and feasibility studies to support new product development activities.

• Leveraging data analytics tools to derive insights and identify trends in cost behavior.

• Bachelor’s degree in Engineering, Finance, Economics, Business Administration, or a related field.

• 6+ years of experience in cost analysis, procurement, manufacturing, or product costing.

• Proficiency in cost modeling, data analytics, and financial reporting.

• Experience with Siemens Product Cost Management (TcPCM) or similar tools is highly desirable.

• Strong understanding of procurement practices, supplier cost structures, and cost breakdown methodologies.

• Ability to interpret 2D/3D engineering drawings.

• Advanced Excel skills and experience with data visualization tools (Power BI, Tableau, etc.).

• Excellent analytical thinking and problem-solving abilities.

• Effective communication and negotiation skills to work with suppliers and internal teams.

• Self-starter with strong organizational skills and the ability to manage multiple projects.

• Comfortable working in a hybrid model and engaging with global teams across time zones.

• Fluent in English.

• Hybrid work schedule with regular virtual collaboration across international teams.

• Flexibility to attend meetings in multiple time zones.

• Occasional travel up to 20% may be required to visit suppliers, attend meetings, or support projects.

• Typical office-based working conditions with extended periods of computer and desk work.

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Globally, our policy is to recruit individuals from wide and diverse backgrounds. However, certain positions require access to controlled goods and technologies subject to the International Traffic in Arms Regulations (ITAR) or Export Administration Regulations (EAR). Applicants for these positions may need to be “U.S. persons.” “U.S. persons” are generally defined as U.S. citizens, noncitizen nationals, lawful permanent residents (or, green card holders), individuals granted asylum, and individuals admitted as refugees.

MKS Instruments, Inc. and its affiliates and subsidiaries (“MKS”) is an affirmative action and equal opportunity employer: diverse candidates are encouraged to apply. We win as a team and are committed to recruiting and hiring qualified applicants regardless of race, color, national origin, sex (including pregnancy and pregnancy-related conditions), religion, age, ancestry, physical or mental disability or handicap, marital status, membership in the uniformed services, veteran status, sexual orientation, gender identity or expression, genetic information, or any other category protected by applicable law. Hiring decisions are based on merit, qualifications and business needs. We conduct background checks and drug screens, in accordance with applicable law and company policies.  MKS is generally only hiring candidates who reside in states where we are registered to do business.

MKS is committed to working with and providing reasonable accommodations to qualified individuals with disabilities. If you need a reasonable accommodation during the application or interview process due to a disability, please contact us at: [email protected] .

If applying for a specific job, please include the requisition number (ex: RXXXX), the title and location of the role