Job Description SummaryThe Product Cost Out Manager serves as the critical bridge between the Sourcing organization and the Engineering/Product Design teams. You will be responsible for driving structural cost reduction across the product lifecycle. This role requires a blend of technical product knowledge, supply chain expertise, and cross-functional leadership to identify, validate, and execute cost-out opportunities that improve product margins without compromising quality or performance.
Job DescriptionKey Responsibilities
• Cross-Functional Strategy: Partner with Engineering, and Commodity teams to integrate cost control principles into product/project development.
• Ideation & Pipeline Management: Lead cross-functional workshops to generate cost-reduction ideas, including material substitution, design simplification, and manufacturing process improvements.
• Execution Leadership: Manage the end-to-end execution of cost-out projects. Track progress, mitigate risks, and ensure that savings are realized and validated through the P&L.
• Should-Cost Modeling: Utilize "Should-Cost" modeling team to establish target costs for components and assemblies, providing data-backed insights during negotiations and design reviews.
• Data Analysis & Reporting: Monitor and report on cost-out performance metrics (e.g., project pipeline value, realized savings, and margin improvement). Maintain a robust dashboard to track project status and savings realization.
• Supplier Collaboration: Work with the Sourcing team to engage key suppliers in value engineering (VE) initiatives, leveraging their technical expertise to reduce manufacturing costs.
• Continuous Improvement: Develop and standardize the cost-out process, ensuring consistent methodologies for opportunity identification and financial validation.
Qualifications
•Bachelor's degree from an accredited university or college in Engineering, Supply Chain, Finance, Business, or a related discipline; or significant equivalent experience in sourcing, manufacturing engineering, value engineering, product costing or procurement.
• Experience: 5–8+ years of experience in product costing, value engineering, procurement, or product design.
• Technical Proficiency: Strong understanding of manufacturing processes (e.g., Forgings, machining, investment casting, fabrication and integrations).
• Communication Skills: Proven ability to influence stakeholders at all levels, particularly in resolving technical disagreements between design requirements and cost constraints.
• Analytical Skills: Strong financial acumen; ability to translate technical design changes into tangible P&L impacts.
• Project Management: Demonstrated success managing complex, multi-stakeholder projects with strict timelines and financial targets.
Success Metrics
• Total annualized savings realized through cost-out projects.
• Project pipeline health (number of ideas in ideation vs. validation vs. execution).
• Accuracy of cost-reduction forecasting.
Desired Characteristics
• Master’s Degree in a Technical or Business discipline
• 8+ years of Sourcing Experience for Power Generation products; preferably with a focus on plant equipment accessories (MSD, BOP, HRSG)
• Lean tool set (A3, VSM, Problem Solving)
• High motivation and influencing skills
• Strong quantitative and analytical skills
• Excellent written and verbal communication skills
• Strong interpersonal / facilitation skills
• Proactive self-starter and change agent
• Strong analytical and process mindset
• Experience with SAP, Smartsheet and Tableau
Additional Information
For candidates applying to a U.S. based position, the pay range for this position is between $125,000.00 and $208,300.00. The Company pays a geographic differential of 110%, 120% or 130% of salary in certain areas. The specific pay offered may be influenced by a variety of factors, including the candidate’s experience, education, and skill set.
Bonus eligibility: discretionary annual bonus.
This posting is expected to remain open for at least seven days after it was posted on September 07, 2026.
Available benefits include medical, dental, vision, and prescription drug coverage; access to Health Coach from GE Vernova, a 24/7 nurse-based resource; and access to the Employee Assistance Program, providing 24/7 confidential assessment, counseling and referral services. Retirement benefits include the GE Vernova Retirement Savings Plan, a tax-advantaged 401(k) savings opportunity with company matching contributions and company retirement contributions, as well as access to Fidelity resources and financial planning consultants. Other benefits include tuition assistance, adoption assistance, paid parental leave, disability benefits, life insurance, 12 paid holidays, and permissive time off.
GE Vernova Inc. or its affiliates (collectively or individually, “GE Vernova”) sponsor certain employee benefit plans or programs GE Vernova reserves the right to terminate, amend, suspend, replace, or modify its benefit plans and programs at any time and for any reason, in its sole discretion. No individual has a vested right to any benefit under a GE Vernova welfare benefit plan or program. This document does not create a contract of employment with any individual.
