Applicants must be legally authorized to work in the United States. We are unable to sponsor or take over sponsorship of a school/employment or any other visa, regardless ofexpirationdate, now or in the future.
As theCost Engineer, you will be responsible for supporting the business by developing, analyzing and documenting product cost estimates, by budgeting, planning and monitoring key investments and by actively participating in new product development (NPD), design and cost improvement (DCI), maintenance, make vs. buy and other special projects seeking to optimize the balance between cost, quality and time requirements.
What Will You Do?
In order togrow and build a successful career with The Toro Company, you willbe responsible for:
- Offers sound cost information and options when design choices are being made including value engineering, design for manufacture and assembly (DFMA), in-house and supplier capabilities, materials utilization and design alternatives for value optimization. Manages product cost to target projects with moderate complexity.
- Sets the future cost estimate of the item when production is estimated to begin and that will be used by the enterprise for ROI calculations and decision making. Prepares supporting documentation (cost estimates) for project milestone review.
- Provides analyzed cost data to Division Engineering, Plant Engineering/Operations, Marketing, and Finance for use in determining project direction, product pricing, parts pricing, budgeting, and internal rate of return investment calculations for new and current products.
- Coordinates regular interaction with suppliers, strategic sourcing, advanced manufacturing engineers, manufacturing engineers, industrial engineers, design engineers and other resources in order to retain leading edge knowledge of processes available to The Toro Company.
- Provides leadership and guidance in the area of cost avoidance, cost reduction, and standardization.
- Provides cost estimating and pricing proposal development, with an understanding of the cost estimating model and knowledge in development of product, labor, freight and assembly rates and their interconnectedness.
- Administers product costing models and standardized costing procedures.
- Full job description will be provided tofinalcandidate atpointof offer.
- #LI-Onsite
What Do You Need?
To be considered for this role, an individual should meet the following minimal requirements:
- Degree (B.A. or B.S.) in engineering/industrial technology discipline, finance or a related field.
- 3-5 years of experience in costing future products, product development or cost-related positions.
- Experience in project management and strong organizational skills.
- Ability to read, comprehend and apply engineering specifications and blueprints.
- Moderate (growing) understanding of manufacturing processes, bills of materials, product structures.
- Knowledge of value engineering and DFMA principles.
- Strong analytical and problem-solving skills.
- Curious learner, self-starter with a continuous improvement mindset. Looks for ways to streamline and improve processes.
- Strong written, verbal and interpersonal communication skills to team with and provide influential leadership to the business.
- Advanced Excel skills with knowledge of Outlook, PowerPoint and Word.
Preferred Qualifications
- Masters degree
- SAP Experience
- Strong project management background
- Advanced Excel/data modeling skills
- Hands-on experience with DFMA and value engineering
- Cross-functional influence and business impact mindset
What Can We Give You?
At The Toro Company, we are always working to make sure our employees know just how valued they are. In addition to a competitive salary, an affordable and top tier medical/dental/vision plan, 401k, and many other great benefits -The Toro company offers employees at ourBloomington, MN HQlocation a variety ofperks, including:
- Dress for your day- We know9remore productive when9recomfortable, which is why TTC employees are encouraged to take advantage of our casual, corporate environment.
- Location 6 Convenientlylocatednear both St. Paul and Minneapolis, we are centrallylocatedfor most commuters!
- Food- Take advantage of our onsite caf, which serves both breakfast and lunch. With a Caribou Coffee attached, you can grab a snack and a coffee at any time during your day.
- Wellness- The Toro Company9s HQ offers complimentary use of our onsite fitness facility to employees. In addition to physicalwellbeing, TTC offers a variety of mental health and financial health resources to all employees.
- Volunteerism- The Toro Company is proud to provideemployees20 hours of paid time to volunteer in the community.
- Summer Hours 6 Enjoy a flexible schedule during the summer! By working a little more during the first few days of the week, TTC employees at our Bloomington HQare able tostart their weekends early and leave by noon on Friday.
- Competitive Salary 6 The pay rangetakes into accountskills, experience, education, and location.It is not common to be hired at or near the top of the range; compensation decisions are dependent on the facts and circumstances of each case. A reasonable estimate of the annual pay range is between$78,200-$97,700. Cash compensation is one piece of our competitive total rewards package.You may be eligible toparticipatein an incentive program, which rewards employees based on individual and organizational performance. Eligibility and award amounts aredeterminedby company policy and performance metrics.If you need to, you can access your pay early with thedailypayapp.
At The Toro Company, we are committed to fostering a secure and trustworthy recruitment experience for our applicants. Recruitment fraud is a growing concern for job seekers, so please be aware that throughout our recruitment process,you9llneverbe requiredto pay any fees ordisclosepersonal financial details when applying to TTC opportunities. All legitimate job opportunities must beapplied fordirectly through our official careers page at jobs.thetorocompany.com or via Workday, our applicant tracking system.
