General Motors

Cost Engineer

General Motors$80K — $95K *
Manufacturing & Automotive
Less than 5 years of experience
Job Overview by Ladders

Qualifications

  • Bachelor's degree in Business, Finance, Engineering, Mechatronic Engineering, or related field.
  • 3 years of experience as a Cost Engineer, Launch Engineer, Product Engineer, or similar role.
  • Expertise in Activity Based Costing, including detailed material cost breakdowns.
  • Experience with high-volume automotive manufacturing methods like injection molding and stamping.
  • Proficient in analyzing supplier quotes and conducting commercial negotiations with Tier 1 automotive suppliers.

Responsibilities

  • Develop and enhance cost modeling tools for accurate estimations.
  • Analyze alternatives and cost implications of GM and competitor designs for components.
  • Provide timely cost insights to support vehicle program decision-making.
  • Evaluate supplier quotes against estimated costs to guide purchasing negotiations.
  • Identify and champion opportunities for cost savings and efficiency improvements.
  • Foster collaboration with Engineering and Purchasing teams to optimize processes.
  • Train new Cost Engineers on costing methods and GM tools.

Benefits

  • Hybrid work policy allowing 3 days in-office and 2 days remote.
  • Opportunity to work on special projects enhancing cost efficiency.
  • Cross-functional collaboration fostering professional development.
Full Job Description
Job Description

DUTIES: Develop, grow, and continuously improve cost knowledge and cost modeling tools to enable confident and consistent ground up should cost estimating of materials, vendor tooling and ED&D for assigned components and sub-systems. Understand the range of GM and competitor design solutions for assigned components to understand options and cost implications.Leverage expertise of manufacturing processes, cost knowledge, and cost model tools to develop timely estimates and compelling cost insights to support new vehicle program teams in developing business cases, establishing targeted costs, and improving profitability. Evaluate supplier quotes vs. estimated costs (sourcings, engineering changes, etc.), to extract pertinentinsights on gaps and support Purchasing to drive data driven negotiations with suppliers to close gaps and achieve best costs. Identify, advocate, and support pursuit of savings opportunities both designing out cost/VAVE and addressing commercial gaps (current and future business). Strengthen cross-functional collaboration with Purchasing and Engineeringpartners. Work on special projects and assignments as required or where opportunities exist to improve cost results for GM or to improve process effectiveness and efficiency. Support development of process and estimating standards for various levels of supplier automation. Train new Cost Engineers on activity-based costing and GM tools required to support. Hybrid Work Policy - 3 days In-office. 2 days remote - Must be able to report to local office.

REQUIREMENTS: Bachelor's degree in Business, Finance, Engineering, Mechatronic Engineering, or related field of study and Three (3) years of experience as a Cost Engineer, Launch Engineer, Product Engineer, or related role. Three (3) years of experience with: Activity Based Costing including material piece cost, ED&D and tooling from design math and "black box" physical sample tear down; Manufacturing Process experience including injection molding, stamping, brazing, aluminum extrusion, SMT/electronics, casting, machining and general assembly for high volume automotive component applications; Automotive Component experience with a variety of components; Automotive Tier 1 Supplier Quote Analysis; Commercial Negotiations including material piece cost, ED&D and vendor tooling with international Tier 1 automotive component suppliers; Design to Cost/VAVE, Cost Optimization, and Benchmarking; Data Analytics; and Costing software, demonstrating command of it, and training other people.

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About General Motors

General Motors Company engages in the manufacture and sale of cars and trucks in the United States, China, Brazil, Germany, the United Kingdom, Canada, and Italy. It offers sedans, crossovers, sport utility vehicles, pick-up trucks, coupes, sports/convertibles and hybrid vehicles, hatchbacks/wagons, and vans, as well as mini cars in India. The company also provides parts and accessories, such as iPod and MP3 compatibility, mobility accessories, performance parts, AC parts and services, and merchandise. In addition, it offers vehicle safety, security, and information services. The company provides used vehicles. It offers its products through dealers and distributors. General Motors Company was formerly known as NGMCO, Inc. and changed its name to General Motors Company in July 2009. The company was incorporated in 2009 and is based in Detroit, Michigan. It operates manufacturing facilities in India, the United States, and Canada. General Motors Company operates as a subsidiary of the United States Department of The Treasury. General Motors led global vehicle sales for 77 consecutive years from 1931 through 2007, longer than any other automaker, and is currently among the world's largest automakers by vehicle unit sales. General Motors acts in most countries outside the USA via wholly-owned subsidiaries but operates in China through 10 joint ventures. GM's OnStar subsidiary provides vehicle safety, security, and information services. In 2009, General Motors shed several brands, closing Saturn, Pontiac, and Hummer, and emerged from a government-backed Chapter 11 reorganization. In 2010, GM made an initial public offering IPOs to date and returned to profitability later that year.

General Motors Careers

Join the dynamic team at General Motors, a global leader in automotive innovation and technology. At General Motors, we offer unparalleled job opportunities that propel your career forward while contributing to a legacy of engineering excellence.

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As part of our global workforce, you will collaborate with talented individuals who are passionate about shaping the future of transportation. General Motors offers a variety of career paths in engineering, design, IT, marketing, and more. With over 155,000 employees worldwide, our network provides expansive opportunities for networking and professional development.

Internship Programs and Employment Benefits

Start your career journey with a General Motors internship, where you can apply your academic knowledge to real-world projects. Our internships provide a robust foundation in the automotive industry, with mentorship from experienced leaders. Full-time employees enjoy a wealth of benefits, including comprehensive health care, retirement plans, and performance bonuses, ensuring that your hard work is rewarded.

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Learn more about General Motors
Size
157,000 employees
Market Cap
$46.9 billion
Industry
Net Income
$6.4 billion
Founded
1908
5 Year Trend
-3.2%
Revenue
$122.4 billion
NASDAQ

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