Industrial Cost Engineer

Job Title

Job Description

For our Industrial Cost Engineering (ICE) department supply Drachten we are looking for an Industrial Cost Engineer who provides integral business support from a technical financial and organizational point of view for both production in Drachten as the Business Group in Amsterdam.

Your responsibilities

In this role you will be responsible for analyzing monitoring and optimizing product and factory cost structures. You will play a key role in supporting operational decision-making and driving cost competitiveness across the site.

Key Responsibilities

• Develop and maintain Factory Cost Prices (FCP) and product cost calculations.

• Analyze cost breakdowns (material direct labor overhead logistics).

• Support monthly closing activities related to cost analysis and variance reporting.

• Identify cost-saving opportunities and productivity improvements

• Perform scenario analysis (volume changes rate updates investments).

• Partner with Operations Finance Supply Chain Engineering and Procurement.

• Support budgeting forecasting (AOP FC) and long-term planning

• Contribute to cost transparency during new product introductions and transfers.

To succeed in this role you should have the following skills and experience

• Masters degree in Finance Engineering Business or related field

• 35 years of experience in cost engineering controlling or manufacturing finance.

• Strong analytical skills and attention to detail.

• Experience with ERP systems (SAP preferred).

• Advanced Excel skills.

• Understanding of manufacturing processes and cost drivers.

• Ability to work cross-functionally and communicate complex financial data clearly.

• Strong ownership mindset (high SAYDO ratio).

• Structured and data-driven.

• Proactive problem solver.

• Resilient in a dynamic environment.

• Team player with strong stakeholder management skills.

How we work together
We believe that we are better together than apart. This is an onsite role.
Onsite roles require full-time presence in the companys facilities.

About Philips
We are a health technology company. We built our entire company around the belief that every human matters and we wont stop until everybody everywhere has access to the quality healthcare that we all deserve. Do the work of your life to help the lives of others.
Learn more about our business.
Discover our rich and exciting history.
Learn more about our purpose.
If youre interested in this role and have many but not all of the experiences needed we encourage you to apply. You may still be the right candidate for this or other opportunities at Philips. Learn more about our culture of impact with care here.

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