Senior Cost Engineer

The Senior Cost Engineer oversees project finances by developing budgets, preparing cost estimates, and managing expenses to support profitability. They assess risks, track project progress, and generate detailed financial reports.

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
24,869.00 EUR - 34,195.70 EUR

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.

SmarterTogether

• Collaborating at Sensata means working with some of the world’s most talented people in an enriching environmentthat is constantly pushing towards the next best thing
• Employees work across functions, countries and cultures gaining new perspectivesthrough mutual respect and open communication
• As OneSensata, we are working together to make things work together

Click here to view Sensata Recruitment Privacy Statement

Click here to view our Sensata Recruitment Privacy Statement for China

NOTE: If you are a current Sensata employee (or one of our Affiliates), please back out of this application and log into Workday via the Company Intranet to apply directly. Type "FIND JOBS" in the Workday search bar.