Senior Cost Engineer

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What we offer:

At Magna, you can expect an engaging and dynamic environment where you can help to develop industry-leading automotive technologies. We invest in our employees, providing them with the support and resources they need to succeed. As a member of our global team, you can expect exciting, varied responsibilities as well as a wide range of development prospects. Because we believe that your career path should be as unique as you are.

Group Summary:

Transforming mobility. Making automotive technology that is smarter, cleaner, safer and lighter. That’s what we’re passionate about at Magna Powertrain, and we do it by creating world-class powertrain systems. We are a premier supplier for the global automotive industry with full capabilities in design, development, testing and manufacturing of complex powertrain systems. Our name stands for quality, environmental consciousness, and safety. Innovation is what drives us and we drive innovation. Dream big and create the future of mobility at Magna Powertrain.

Job Responsibilities:

Mission of the Position:

The Cost Engineer is responsible for generating bottom-up cost modeling for HPDC Cast, Forging, Stamping, Powder Metal, Electronic, Plastic components within Magna Powertrain. Analysis of supplier cost breakdowns for purchased parts. The Cost Engineer should also support cross functional cost down workshops. Support the Target Costing group, Benchmark team and target/benchmark activities. This job requires strong knowledge of Cost Engineering methods, and Automotive industry  Machining manufacturing processes. Ability to read technical drawings, demonstrate analytical skills.

Key Responsibilities:

• Determine / analyze manufacturing processes; estimate required labor, overhead and tooling requirements as needed.
• Review supplier component quotes and negotiate with suppliers as required. With analysis shared with Purchasing and core project teams.
• Develop and maintain product cost database.
• Prepare presentation material as required to support New Business Pursuit activities.
• Work closely with Program Management, Manufacturing, Purchasing, Sales, Finance, and various forms of management groups.
• Flexibility for Special assignments/Projects
• Ability to interface with various Suppliers and Customers to explain Magna cost positions
• Assist in customer cost audits

Customers and Business Interfaces:

• Manufacturing Engineering
• Systems Engineering, DS/eDS
• Prototype Dept
• Test Engineering
• Supplier Engineering
• OEM Engineering
• CAE group
• Change Management
• Program Management

Requirements and Qualifications:

• Bachelor’s degree required
• Equivalent industry experience.
• Knowledge in activity-based costing.
• Demonstratable skills in HPDC and Cast Iron manufacturing and machining.
• Able to use Microsoft Excel, Word, PowerPoint, Project and Visio or similar programs.
• Must be able to communicate in English (written and verbal).
• Must be able to work in a team environment .
• Understanding and knowledge of mechanical drawings and GD&T.
• High attention to detail and ownereship of tasks
• Prefer seven (7) years of experience in an automotive manufacturing company

Health & Safety/Magna Standards/Additional Requirements:

• Practice and maintain integrity while following Magna’s Charter and Constitution.
• Follow Magna’s Code of Conduct and Ethics and related compliance policies.
• Supports and adheres to policies, procedures, and operational guidelines related to established quality management system (IATF 16949).
• Drive the development of new technologies to improve quality, efficiency and reduce cost.
• Comply with safety policies and procedures to ensure duties of self are performed in a safe manner.
• Health & Safety responsibilities:
  •  Understand applicable Environmental, Health & Safety policies and procedures in the workplace.
  •  Report unsafe conditions immediately.
  •  Report injuries, accidents, illnesses, near misses, property damage immediately.
  •  Follow safety rules.
  •  Comply with requirements for the use or operation of machines or equipment.
  •  Comply with Personal Protective Equipment (PPE) requirements.
• Create a positive work environment by demonstrating and sharing functional/technical knowledge.
• Develop and maintain a responsive and cooperative working relationship with internal and e