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Cost Engineer

Posted 10 Nov 2022
Work experience
2 to 5 years
Full-time / part-time
Job function
Degree level
Required language
English (Fluent)

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INEOS Automotive: We have one goal; manufacture, launch and deliver an uncompromising, best-in-class 4x4 for those who depend on a vehicle as a working tool. Its been an exciting journey since our inception in 2017, We have driven past many milestones and, despite the global challenge of 2020, we are on track to deliver our plan. 2022 is our year of execution and as a Cost Engineer you will play a huge part in this. If you are looking to join a scale-up business and be part of something amazing, then INEOS Automotive welcomes your application.

The role: Covers 2 phases: Phase 1, you will evaluate different technologies, processes and supplier quotes to support Engineering and Procurement in selecting the most appropriate design. The quote analysis will also be used by Procurement for negotiating the best cost for the production material. In phase 2, you will continuously identify and implement cost down ideas. Key components of the role include:

  • You will support the engineering and design process by comparing different processes, production materials and production locations and provide design recommendations based on your cost evaluations.
  • Conduct on-site process analysis and process optimization at supplier plants in order to improve our cost position.
  • Implement and monitor cost down measures at supplier sites that support multi-year savings contracts.
  • Analyse supplier quotes to identify negotiation possibilities.
  • Lead Make or Buy studies together with Controlling to improve cost position or supply delivery performance and support our market value proposition.
  • Support the controlling of material costs with bottom-up cost analysis of products, processes or hole plants
  • Supplier development with regards to their cost position and robust financial performance.

We are looking for:

  • Experience gained at either a Tier 1 automotive supplier or an automotive OEM ideally within Plastics and/or Metals
  • Bachelor degree in Engineering or Economics
  • Demonstrable direct knowledge of value analysis and value engineering
  • Familiarity in leading cross functional change management and cost down projects
  • Excellent project management skills, with a track record of delivery
  • Ability to prioritise tasks and have effective time management and analytical skills
  • Excellent communication and interpersonal skills
  • At ease travelling

INEOS is a global manufacturer of petrochemicals, specialty chemicals and oil products.

10,000 employees