Senior Costing Engineer

About the role

The Costing Engineer is responsible for ensuring accurate product costing across different stages of product development using Design for Manufacturing and Assembly (DFMA) methods, supporting project teams to launch mass production on time. The second part of this role need to focus on reducing product costs through design and process improvements, improving accuracy of cost models, and working closely with cross-functional teams to identify cost reduction opportunities while maintaining product high quality.

Reporting to Head of Costing and based in Alexandria, Sydney.

Key responsibilities include

Analyse individual parts and assembly costs using existing cost models and databases to determine Cost of BOM and assembly cost crossing different project stages. Develop and maintain accurate product costing documentation, databases and cost models for assigned product categories and commodities. Maintain up-to-date commodity prices, currency exchange rates and labour costs within costing models.

Improve internal should cost accuracy and efficiency through AI tools, improved calculation methods and templates. Work closely with engineering and product design teams to identify opportunities to reduce Cost of BOM and assembly costs. Apply Design for Manufacturing and Assembly (DFMA) techniques to improve product design, manufacturing processes and cost efficiency.

Facilitate DFMA workshops with cross-functional teams to generate cost reduction ideas and support implementation plans. Participate in design reviews and recommend improvements to manufacturing productivity based on production quality data. Benchmark supplier sourcing opportunities, manufacturing methods and technologies across global locations to meet project timing, quality, delivery, and cost requirements.

Develop and maintain product cost, Bill of Materials (BOM) and supplier market knowledge. Provide costing insights and recommendations to management and project teams across suppliers and product models. Maintain accurate records and ensure compliance with company quality, confidentiality, and intellectual property policies.