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Product Cost Engineer at Meta
Sunnyvale, United States
Job Descrption
- Establish management control systems and product cost targets early in a product conception.
- Capture, document, and communicate risks and opportunities, financial exposures, and
outlay as it relates to products. - Be involved throughout all stages of the product family's lifecycle to ensure all financial targets through end-of-life are achieved.
- Leverage strong technical
understanding of the product and use this to engage with HW teams and challenge design decisions from a cost standpoint. - Support monthly executive product line reviews outlining
performance against budget, target and actual cost for BOM, MVA and CapEx. - In collaboration with the GSM and HW teams, own the supplier plan of record (SPOR) in order to ensure
supply chain alignment and team focus on cost targets. - Define, develop, and implement analytical models to understand drivers for product cost across the supply chain.
- Track the program
actual costs versus target to identify program deltas and corrective actions to bring back on track. - Outline, report, and track all program risks and opportunities related to product cost and
drive them to closure. - Lead cross-functional cost reviews to report out actual versus target cost and risks and opportunities for each program.
- Responsible for understanding program
objectives, coordinating activities across different cross functional teams, and ensuring adherence to overall schedule including negotiating any changes in requirements, and
communicating those to stakeholders.
- Requires a Master’s degree in Industrial Engineering, Systems Engineering, Civil Engineering or a related field and three years of work experience in the job offered or in an engineering-related occupation. Requires three years of experience in the following:
- 1. Integrate the financial flows with operational flows to gain an understanding of new product introduction (NPIs) cost helping evaluate efficiency of an investment
- 2. Analyze & program manage NPIs to identify & drive product & supply chain cost reductions
- 3. Develop and implement processes, tools, and models to enable analysis of manufacturing partners quotes against industry benchmarks
- 4. Use technical expertise to drive engineering and supply chain teams to meet program cost targets at a product and commodity level for NPIs
- 5. Challenge HW teams at a technical level enabling cost down efforts from a design standpoint
- 6. Track program actual cost vs target throughout the development cycle to identify cost deltas and identify corrective actions to bring it back on track
- 7. Work with cross functional teams to create fiscal budget by program. Track & report actuals to budget & identify opportunities for cost reductions
- 8. Clearly and confidently communicates with cross functional stakeholders and senior leadership
- 9. Builds a strong community within the program through collaboration, identification and implementation of process improvements, and ad-hoc initiatives.
Individual pay is determined by skills, qualifications, experience, and location. Compensation details listed in this posting reflect the base salary only, and do not include bonus, equity or sales incentives, if applicable. In addition to base salary, Meta offers benefits. Learn more about benefits at Meta.
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