Honda Motors

Principal Mechanical Development Engineer

Honda Motors • $110K — $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 a STEM field required.
  • Minimum 8 years of product development and design team leadership experience.
  • Technical expertise in part materials and manufacturing processes essential.
  • Ability to evaluate cost optimization in designs, particularly for chassis and testing.
  • Familiarity with CATIA, Microsoft Excel, and PowerPoint for analysis and reporting required.
  • Team-oriented with the capacity to work independently in a fast-paced environment.
  • Automotive industry experience preferred.

Responsibilities

  • Generate accurate cost estimates from part characteristics and manufacturing processes.
  • Verify reasonableness of cost targets and examine underlying assumptions.
  • Lead cost discussions at layout checks, drawing checks, and correlation events.
  • Support discussions regarding parts cost/investment within the department.
  • Provide business insights for cost-related research themes and proposals.
  • Consult with procurement and review quotes for accuracy to assure business benefit.
  • Perform additional duties as assigned.

Benefits

  • Competitive base salary with variations based on experience and location.
  • Paid overtime and potential regional bonuses.
  • Comprehensive medical, dental, vision, and prescription benefit plans.
  • Generous paid time off including vacation, holidays, and shutdown periods.
  • Company-paid short-term and long-term disability coverage.
  • 401K plan with matching contributions and additional company contributions.
  • Relocation assistance for eligible candidates.
  • Career growth opportunities and education reimbursement for continued learning.
Full Job Description
Job Purpose

  • To achieve Honda's 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.
  • Perform: Other related duties as assigned or requested.


Qualifications, Experience, and Skills

  • Education:
    • Must have at least a Bachelor's level academic degree in a STEM field.
  • Minimum work experience:
    • At least 8 or more years of experience combining product development and design team leadership.
    • Technical expertise in part materials and manufacturing process.
    • Ability to determine if a design is optimized for cost / investment, especially in the areas of chassis and testing, e.g. - test validation, risk assessment, design change, validation requirements associated with changes etc.
    • Shoud have knowledge in basic use of CATIA, Microsoft Excel and Powerpoint for analysis, reporting and presentation.
    • Should be able to work well in a Team setting or independently in a fast-paced environment.
    • Automotive industry experience will be an asset.


Workstyle

  • This is an onsite job. One remote qworkday a week may be possible with prior departmental approval.


What differentiates Honda and make us an employer of choice?

Total Rewards:
  • Competitive Base Salary (pay will be based on several variables that include, but not limited to geographic location, work experience, etc.)
  • Paid Overtime
  • Regional Bonus (when applicable)
  • 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:
  • Tuition Assistance & Student Loan Repayment
  • Lifestyle Account
  • Childcare Reimbursement Account
  • Elder Care Support
  • 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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