Honda Motors

Cost Planning Principal Engineer

Honda Motors • $108K — $130K *
Raymond, OH 43067In-Person
Manufacturing & Automotive
8 - 10 years of experience
Today
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Job Overview by Ladders

Qualifications

  • Bachelor's degree in Mechanical Engineering or related STEM field.
  • 8+ years of experience in product development and design leadership.
  • Demonstrable expertise in part materials and manufacturing processes.
  • Ability to assess design optimization for cost/investment.
  • Proficiency in CATIA, Microsoft Excel, and PowerPoint; knowledge of data visualization tools is a plus.
  • Capable of working well in teams or independently in fast-paced environments.

Responsibilities

  • Generate accurate cost estimates based on part specifications and manufacturing processes.
  • Verify the reasonableness of cost targets and prepare alternative solutions if necessary.
  • Lead cost discussions during layout and drawing checks, providing insights to resolve issues.
  • Participate in discussions regarding parts cost and investment verification.
  • Support research themes by consulting on cost-related technologies and procurement quotes.
  • Propose creative solutions for cost challenges and lead related verification efforts.

Benefits

  • Competitive base salary and regional bonus where applicable.
  • Manager lease car program including car, maintenance, and insurance at no cost.
  • Comprehensive benefits package including medical, dental, vision, and prescription drug coverage.
  • Paid time off for vacation, holidays, and shutdowns.
  • Company-paid disability insurance and a 401K plan with contributions.
  • Relocation assistance provided if eligible.
Full Job Description
Job Purpose

  • To achieve HDMA business targets, it is critically important to determine whether a given part/system design is cost competitive and a reasonable value for the money.
  • The Cost Planning Engineer deeply understands the Design Category's cost situation. This position can identify concerns with cost accuracy or efficiency and suggest options for cost reduction and optimization. The Cost
  • Planning Engineer has sufficient technical background to understand the cost drivers to be able to judge reasonableness of cost/investment in a given part or system.


Key Accountabilities

  • Expertise:
    • Demonstrate ability to generate an accurate cost estimate from given part characteristics and manufacturing process. Regularly consult with Design, Purchasing and Supplier to understand latest application of technology and purchasing strategies and their impact to Cost. Utilize experience, logic, comparative analysis to generate proposals for design cost optimization. Utilize experience to identify areas where consolidation and bundling can improve sourcing cost structure and share insights with Purchasing team.
  • Verification:
    • Verify reasonableness of cost targets received by carefully examining the logic and assumptions that were used in creating them. Raise awareness if target cannot be logically validated but prepare alternative solution with appropriate justification in such cases. Once established, develop a reasonable path to achieve said part-by-part targets and verify that the design is maturing in that direction. Propose creative solutions as needed to balance the overall unit when certain parts cannot realize the target.
  • Correlation activity:
    • Lead all cost discussion events at the layout check, drawing check and the correlation events . Provide leadership and guidance at each event; Demonstrate insights to help resolve difficulties. Summarize the results and report it at the Group Maru-Q event.
  • Department Verification:
    • Attend and support any discussion for parts cost / investment.
  • R-themes support:
    • For Research Themes that are cost-related, provide the business viewpoint for the new technology or strategy being proposed. Consult with procurement and review quotes for accuracy to ensure business benefit.
  • Performs other related duties as assigned or requested.


Qualifications, Experience, and Skills

  • Must have a college-level Bachelor's degree in Mechanical Engineering or a related STEM field of study.
  • At least 8 or more years of experience combining product development and design team leadership.
  • Must have demonstrable technical expertise in part materials and manufacturing process.
  • Ability to determine if a design is optimized for cost / investment.
  • Should be well-proficient in use of CATIA, Microsoft Excel and Powerpoint for analysis and reporting. Any data visualization tools expertise will be an asset.
  • Works well in a Team setting or independently in a fast-paced environment.


Workstyle

  • This is an onsite job. One remote workday per week may be possible with prior departmental approval.
  • Position may require working overtime on a need basis.
  • Travel requirements: Approx 5% 10% annually, largely domestic and rarely international.


Total Rewards:
  • Competitive Base Salary (pay will be based on several variables that include, but not limited to geographic location, work experience, etc.)
  • Regional Bonus (when applicable)
  • Manager Lease Car Program (No Cost - Car, Maintenance, and Insurance included)
  • Industry-leading Benefit Plans (Medical, Dental, Vision, Rx)
  • Paid time off, including vacation, holidays, shutdown
  • Company Paid Short-Term and Long-Term Disability
  • 401K Plan with company match + additional contribution
  • Relocation assistance (if eligible)

Career Growth:
  • Advancement Opportunities
  • Career Mobility
  • Education Reimbursement for Continued learning
  • Training and Development Programs

Additional Offerings:
  • Lifestyle Account
  • Childcare Reimbursement Account
  • Elder Care Support
  • Tuition Assistance & Student Loan Repayment
  • Wellbeing Program
  • Community Service and Engagement Programs
  • Product Programs

About Honda Motors

Honda Motors is a leading manufacturer of automobiles, motorcycles, and power equipment. The company was founded in 1948 by Soichiro Honda and has since grown to become one of the largest automotive companies in the world. Honda Motors is known for its innovative designs and commitment to sustainability, with a focus on developing environmentally friendly vehicles. The company operates in over 30 countries and has a strong presence in the United States, Japan, and Europe.
Learn more about Honda Motors
Size
204,035 employees
Market Cap
$41.8 billion
Industry
Manufacturing & Automotive
Net Income
$414.5 billion
Founded
1948
5 Year Trend
+0.8%
Revenue
$13,004.8 billion
NASDAQ
HMC
* Ladders Estimates

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