Stellantis

Cost Engineer

Stellantis$90K — $110K *
Manufacturing & Automotive
5 - 7 years of experience
Job Overview by Ladders

Qualifications

  • Bachelor's degree in Engineering, Business, or a related field
  • Minimum of 5 years in the automotive industry or advanced manufacturing
  • Strong English verbal and written communication skills
  • Ability to manage complex parts efficiently
  • Proficiency in Microsoft PowerPoint, Excel, and Word
  • Experience collaborating across multiple organizational levels and global regions

Responsibilities

  • Develop detailed cost estimates for vehicle components using activity-based costing
  • Create early-phase cost engineering estimates supported by physical samples
  • Conduct 'should-cost' calculations utilizing a bottom-up approach
  • Assist in achieving cost targets during vehicle development through idea generation
  • Support purchasing in supplier negotiations by analyzing cost breakdowns
  • Engage in benchmarking and optimize costs throughout component lifecycles
  • Execute global cost comparison analysis with the Cost Engineering community

Benefits

  • Collaborative work environment in a fast-paced, global setting
  • Opportunity to engage with diverse teams across engineering, purchasing, and finance
  • Involvement in multiple vehicle component scopes
  • Support in professional growth through exposure to various methodologies
  • Engagement in significant cost optimization initiatives for future automotive projects
Full Job Description
The Cost Engineer role develops detailed cost estimates for components and tooling using an activity-based costing approach. This role works directly with bills of material, drawings, and physical samples to understand how parts are made and to estimate the associated component, manufacturing, and investment costs.

In this position, you will use established Stellantis methods and processes to analyze costs, provide guidance to internal teams, and support cost convergence activities. You will collaborate with global engineering, purchasing, finance, and supplier teams to ensure competitive and transparent cost structures from early concept through serial production.

Multiple roles are being fulfilled within this job posting- for all component scopes within the vehicle structure (Body, Interior, Chassis, Engine Adaptation, Electrical Components and Systems, Powertrain). Position fulfillment to utilize applicant background and experience as paired to internal role needs. Organization Success in this role requires curiosity, agility, and a collaborative mindset within a fast-paced, global environment.

Key Deliverables:

Develop component cost estimates for new programs, including:
  • Early-phase cost engineering estimates
  • Detailed "should-cost" calculations using a bottom-up manufacturing approach
  • Provide idea generation and cost support during vehicle development to help achieve cost targets (Design-to-Cost)
  • Support purchasing during supplier negotiations by completing gap analyses of supplier cost breakdowns (Piece Price, ED&D, Tooling)
  • Contribute to benchmarking and value optimization activities, including serial life should-cost assessments
  • Collaborate closely with internal global team, Engineering, Buyers, and Suppliers
  • Provide global cost comparison analysis in partnership with the broader Cost Engineering community


Basic Qualifications:
  • Bachelor's degree in Engineering, Business or a related field
  • Minimum of 5 years of experience in the automotive industry, advanced manufacturing or related industries
  • Strong English verbal and written skills to support role job key deliverables
  • Ability to manage a high volume of parts and varying levels of complexity
  • Proficiency with Microsoft PowerPoint, Excel, and Word
  • Ability to work effectively across multiple levels of the organization, functions, and global regions


Preferred Qualifications:
  • Bachelor's degree in Mechanical, Electrical, Manufacturing or Industrial Engineering
  • Familiarity with cost model structures and activity-based costing for component development
  • Experience in within one or multiple areas: Design Responsible Engineering, Manufacturing, Component Tool development, or Component Purchasing

About Stellantis

Stellantis is a multinational automotive manufacturer formed in 2021 by the merger of Fiat Chrysler Automobiles and Groupe PSA. The company designs, produces, and sells a wide range of vehicles under various brands, including Alfa Romeo, Chrysler, Citroen, Dodge, DS Automobiles, Fiat, Jeep, Lancia, Maserati, Opel, Peugeot, Ram, and Vauxhall. Stellantis operates in over 130 countries and has 14 brands in its portfolio. The company is committed to sustainable mobility and has set ambitious targets for reducing its carbon footprint and increasing the share of electric vehicles in its sales.
Learn more about Stellantis
Size
400,000 employees
Market Cap
$44.9 billion
Industry

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