Cost Engineer II The Toro Company

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Who Are We

The Toro Company is a homegrown Minnesota-based company that has been in business since pride ourselves on providing world-class equipment to helpmaintainthe environment that we love while putting an emphasis on giving back to the communities that surround residential lawns and gardensto venues such as St Andrews Links and Target Field we are a company with a global footprint and a passion for helping people beautify whatever landscape they may be in. With 100 years of operation under our belt and ahealthy tenurecome find out what makes The Toro Company the best place in the Twin Cities to build a career.

As the Cost Engineer II you will be responsible for supporting the business by developing analyzing and documenting product cost estimates by budgeting planning and monitoring key investments and by actively participating in new product development (NPD) design and cost improvement (DCI) maintenance make vs. buy and other special projects seeking to optimize the balance between cost quality and time requirements.

What Will You Do

In order togrow and build a successful career with The Toro Company you willbe responsible for:

• Offers sound cost information and options when design choices are being made including value engineering design for manufacture and assembly (DFMA) in-house and supplier capabilities materials utilization and design alternatives for value optimization. Manages product cost to target on projects with moderate complexity.
• Sets the future cost estimate of the item when production is estimated to begin and that will be used by the enterprise for ROI calculations and decision making. Prepares supporting documentation (cost estimates) for project milestone review.
• Provides analyzed cost data to Division Engineering Plant Engineering/Operations Marketing and Finance for use in determining project direction product pricing parts pricing budgeting and internal rate of return investment calculations for new and current products.
• Coordinates regular interaction with suppliers strategic sourcing advanced manufacturing engineers manufacturing engineers industrial engineers design engineers and other resources in order to retain leading edge knowledge of processes available to The Toro Company.
• Provides leadership and guidance in the area of cost avoidance cost reduction and standardization.
• Provides cost estimating and pricing proposal development with an understanding of the cost estimating model and knowledge in development of product labor freight and assembly rates and their interconnectedness.
• Administers product costing models and standardized costing procedures.
• Perform other duties as assigned.

What Do You Need

To be considered for this role an individual should meet the following minimal requirements:

• Degree (B.A. or B.S.) in engineering/industrial technology discipline finance or a related field. Advanced degrees preferred.
• Minimum of 3 years of experience in costing future product product development or cost-related positions.
• Ability to manage multiple projects
• Ability to read comprehend and apply engineering specifications and blueprints.
• Understanding of manufacturing processes bills of materials product structures.
• Understanding of value engineering and DFMA principals.
• Demonstrates analytical and problem-solving skills.
• Curious learner self-starter with a continuous improvement mindset. Makes recommendations to streamline and improve processes.
• Strong written verbal and interpersonal communication skills to team and able to influence leaders.
• Intermediate Excel skills with knowledge of Outlook PowerPoint and Word.
• Ability to work successfully in a fast-paced dynamic organization with changing needs.

Preferred Qualifications

• SAP Experience
• Strong project management background
• Hands-on experience with DFMA and value engineering
• Cross-functional influence and business impact mindset

What Can We Give You

At The Toro Company we are always working to make sure our employees know just how valued they addition to a competitive salary an affordable and top tier medical/dental/vision plan 401k and many other great benefits -The Toro company offers employees at ourBloomington MN HQlocation a variety ofperks including:

• Dress for your day- We knowyouremore productive whenyourecomfortable which is why TTC employees are encouraged to take advantage of our casual corporate environment.

• Location Convenientlylocatednear both St. Paul and Minneapolis we are centrallylocatedfor most commuters!

• Food- Take advantage of our onsite café which serves both breakfast and lunch. With a Caribou Coffee attached you can grab a snack and a coffee at any time during your day.

• Wellness- The Toro Companys HQ offers complimentary use of our onsite fitness facility to addition to physical wellbeing TTC offers a variety of mental health and financial health resources to all employees.

• Volunteerism- The Toro Company is proud to provide employees 20 hours of paid time to volunteer in the community.

• Summer Hours Enjoy a flexible schedule during the summer!By working a little more during the first few days of the week TTC employees at our Bloomington HQare able tostart their weekends early and leave by noon on Friday.

• Flexible Work Arrangements This team is currently implementing a hybrid work schedule. The opportunity to collaborate in the office and work from home part-timehas promotedteam-buildingand flexibility.#LI-Hybrid

• Competitive Salary The pay range takes into account skills experience education and is not common to be hired at or near the top of the range; compensation decisions are dependent on the facts and circumstances of each case. A reasonable estimate of the annual pay range is between$96900-$121000. Cash compensation is one piece of our competitive total rewards and award amounts aredeterminedby company policy and performance you need to you can access your pay early withthedailypayapp.

At The Toro Company we are committed to fostering a secure and trustworthy recruitment experience for our applicants. Recruitment fraud is a growing concern for job seekers so please be aware that throughout our recruitment processyoullneverbe requiredto pay any fees ordisclosepersonal financial details when applying to TTC opportunities. All legitimate job opportunities must beapplied fordirectly through our official careers page at or via Workday our applicant tracking system.

The Toro Company is an Equal Opportunity Employer. We consider all qualified applicants based on merit and do not discriminateon the basis ofrace color religion sex (including pregnancy gender identity and sexual orientation) parental status national origin age disability genetic information military service or other non-merit factors. We are committed to creating a welcoming environment for all employees.