Cost Engineer

JOB SUMMARY:

The Costing Engineer Busbar The responsibility entails generating and maintaining accurate cost data with the utmost precision to support product pricing and ensure accuracy while also identifying opportunities for costsaving improvements.

The incumbent will be responsible for understanding the product and its associated processes. They will then meticulously study the costs incurred by each activity from the supply chain to delivery. Subsequently they will generate comprehensive product cost data in a structured manner which will serve as the foundation for product pricing.

The Costing Engineer is responsible for generating and updating cost data in realtime for the products offered by the Vertiv Ras al Khaimah Entity as well as coordinating with other entities to share and utilize this data. Key activities include studying manufacturing and other business processes in minute detail generating cost data maintaining it and updating it as necessary. Additionally the Costing Engineer suggests opportunities for bottomline improvement.

This position requires a strong understanding of engineering and operations processes and entails closely working with Offering Operations Procurement and R&D to achieve the goals.

RESPONSIBILITIES:

Product Study: Understand the product its bill of materials and the direct and indirect materials used.

Process Study: Gain a thorough understanding of the manufacturing process and related activities of the product and its components.

Supply Chain Study: Understand the supply chain of raw materials components and services.

Cost Study: Evaluate the manufacturing process and activities handson focusing on all cost components related to the product process and supply chain with a cost perspective.

Generate Cost Data: Produce cost data that includes but is not limited to material labour machine manual process overhead expenses landed cost of boughtout components and time elements of all activities.

Maintain Structured Cost Data: Maintain and improve the structure of cost data in an organized manner to facilitate easy reuse and systematic updates.

Cost Reporting: Prepare regular cost reports and presentations for senior management providing insights into cost trends variances and potential costsaving opportunities.

Cost Optimization & Value Engineering: Utilize knowledge of costs associated with operations and products to suggest design process and supply chain improvements.

Cost Tracking: Track and implement corrective actions whenever a cost deviation or inaccuracy is identified.

Other Duties and Responsibilities as Assigned

QUALIFICATIONS:

Bachelors degree in Engineering Finance or related field. Advanced degree or relevant certifications preferred.

Minimum 5 years experience in cost engineering cost analysis or related roles within a manufacturing environment preferably in electrical or mechanical systems.

Strong knowledge in manufacturing and assembly processes

Proficiency in cost estimation techniques financial modeling and cost accounting principles.

Detailoriented mindset with a focus on accuracy and precision in cost calculations and analysis.

Strong analytical skills with the ability to interpret complex data sets and develop actionable insights.

Proficient in Microsoft Excel ERP systems and other relevant software applications.

Experience in a medium to large industrial type organization

The successful candidate will embrace Vertivs Core Principals & Behaviors to help execute our Strategic Priorities.

OUR CORE PRINCIPALS: Safety. Integrity. Respect. Teamwork. Diversity & Inclusion.

OUR STRATEGIC PRIORITIES

Customer Focus

Operational Excellence

HighPerformance Culture

Innovation

Financial Strength

OUR BEHAVIORS

Own It

Act With Urgency

Foster a CustomerFirst Mindset

Think Big and Execute

Lead by Example

Drive Continuous Improvement

Learn and Seek Out Development

About Vertiv

Vertiv is a $6.9billion global critical infrastructure and data center technology company. We ensure customers vital applications run continuously by bringing together hardware software analytics and ongoing services. Our portfolio includes power cooling and IT infrastructure solutions and services that extends from the cloud to the edge of the network. Headquartered in Columbus Ohio USA Vertiv employs around 20000 people and does business in more than 130 countries. Visit Vertiv to learn more.

Work Authorization

No calls or agencies please. Vertiv will only employ those who are legally authorized to work in the United States. This is not a position for which sponsorship will be provided. Individuals with temporary visas such as E F1 H1 H2 L B J or TN or who need sponsorship for work authorization now or in the future are not eligible for hire.

Equal Opportunity Employer

Vertiv is an Equal Opportunity/Affirmative Action employer. We promote equal opportunities for all with respect to hiring terms of employment mobility training compensation and occupational health without discrimination as to age race color religion creed sex pregnancy status (including childbirth breastfeeding or related medical conditions) marital status sexual orientation gender identity / expression (including transgender status or sexual stereotypes) genetic information citizenship status national origin protected veteran status political affiliation or disability. If you have a disability and are having difficulty accessing or using this website to apply for a position you can request help by sending an email to