Cost Engineer (f/m/d)

A Snapshot of Your Day 

As a Cost Engineer (f/m/d), you will drive diverse projects and initiatives. The major objective of Cost and Value Engineering is the generation of high customer value at competitive target costs in product, project and solution business. Generating transparency in the respective cost and value drivers along the entire value chain by applying state of the art Cost and Value Engineering (CVE) methodology.

How You’ll Make an Impact 

• Leadership of Cost and Value Engineering initiatives that improve competitiveness and profitability by embedding CVE practices into core business processes
• Establishment of cost and value transparency across products, solutions, and third-party scopes using should-costing methodologies and tools such as TcPCM, aPriori, MLPP, and CBD
• Support target setting and Design-to-Cost activities by aligning customer needs, competitor insights, technical capabilities, and development requirements
• Execution of should-cost analyses and assess supplier quotations to enable informed sourcing decisions and strengthen supplier cost transparency
• Identification and realization of cost-out opportunities across the portfolio through cross-functional workshops, innovation efforts, design-for-manufacturing activities, and efficiency projects
• Tracking of CVE measures in cost management tools, support proposal teams in developing savings initiatives, and communicate recommendations clearly to stakeholders, including leadership

What You Bring

• University Degree in engineering; master’s degree is preferred
• Fluency in English with cross-cultural collaboration experience as well as good German skills
• Experience in should costing methods and realization of cost and value optimization opportunities
• Experience in project management, negotiation with external suppliers, machining, forging and coating of “cold”  blades and vanes (manufacturing of compressor and/or steam turbine blading) is a plus
• Strong communication and interpersonal skills for collaboration with internal stakeholders and suppliers, combined with analytical capability for cost driver identification
• Proficiency in Microsoft Excel and Office tools, with willingness to travel to suppliers and production sites. Experience working with TcPCM, aPriori and NX is preferred

About the Team

In our Business Functions we enable our organization to reach their targets by providing best-in class services and solutions in the areas of IT, HR, Finance, Real Estate, Strategy & Technology and more. 

Who is Siemens Energy? 

At Siemens Energy, we are more than just an energy technology company. With ~100.000 dedicated employees in more than 90 countries, we develop the energy systems of the future, ensuring that the growing energy demand of the global community is met reliably and sustainably. The technologies created in our research departments and factories drive the energy transition and provide the base for one sixth of the world's electricity generation.

Our global team is committed to making sustainable, reliable, and affordable energy a reality by pushing the boundaries of what is possible. We uphold a 150-year legacy of innovation that encourages our search for people who will support our focus on decarbonization, new technologies, and energy transformation.      

Find out how you can make a difference at Siemens Energy: