Job Description (JD) – Costing Engineer
Responsible for product cost estimation, cost optimization, supplier process evaluation, IMDS compliance, and engineering change management. Collaborates with cross-functional teams to ensure accurate costing, efficient project execution, and continuous improvement initiatives while supporting business growth and profitability.
Key Responsibilities
- Prepare and validate new product cost estimations and obtain approvals for customer quotations.
- Collaborate with cross-functional teams (Sales, Program Management, Engineering, Purchasing, Quality, and Operations) to gather inputs for accurate cost analysis.
- Analyze and evaluate estimated costs versus actual costs following business awards and project launches.
- Conduct supplier process audits to address key concerns and support new product development activities.
- Identify and resolve shop-floor cost-related issues impacting part pricing and guide teams in implementing corrective actions.
- Drive cost reduction initiatives through localization projects, including alternate supplier development, resin localization, and conversion from trade to local business.
- Create and manage customer change requests through customer portals for localization and cost-saving projects.
- Provide training and guidance to Sales, Program Management teams, and new employees on project costing methodologies and IMDS requirements.
- Manage IMDS (International Material Data System) verification and submission activities through customer portals, ensuring compliance with customer and regulatory requirements.
- Facilitate and support continuous improvement projects, focusing on internal and external scrap cost reduction and process enhancements.
- Conduct financial gate reviews and verify project profitability before transfer to Operations.
- Manage Engineering Change Notices (ECNs) and ensure timely implementation and communication across stakeholders.
- Support various functions in obtaining Approval Requests (ARs) and required business approvals.
- Monitor project cost performance and recommend actions to improve profitability and operational efficiency.
- Prepare cost analysis reports, presentations, and business case evaluations to support management decision-making.
Education & Experience
- Bachelor's Degree in Engineering (Mechanical, Industrial, Automotive, Plastics, Manufacturing, or related field).
- Experience in product costing, supplier development, manufacturing, program management support, or cost engineering.
- Knowledge of automotive industry processes, APQP, and supplier quality systems is preferred.
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Aptiv is an equal employment opportunity employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, national origin, sex, gender identity, sexual orientation, disability status, protected veteran status or any other characteristic protected by law.
