Cost Engineer (Automotive)

Cost Engineer (Automotive) Location: Auburn Hills, MI Schedule: First Shift (flexibility required to support global teams in Europe) Pay Rate: $43.08/hour Position Overview We are seeking Cost Engineers to support a global automotive OEM in Auburn Hills, MI. This role is responsible for developing detailed cost estimates for vehicle components and tooling using an activity-based costing approach . Cost Engineers will work directly with bills of materials (BOMs), engineering drawings, and physical components to understand manufacturing processes and estimate component, production, and investment costs. This position plays a key role in supporting cost targets from early concept through full production. You will collaborate cross-functionally with engineering, purchasing, finance, and global supplier teams to ensure accurate, competitive, and transparent cost structures. Functional Areas Candidates will be aligned based on experience across one of the following areas: Body (CEB) – France Interior (CEI) – Italy Chassis & Engine Systems (CEC) – Italy Propulsion (P) – France Electrical Systems (CES) – North America Key Responsibilities Develop component cost estimates for new vehicle programs, including: Early-phase cost modeling Detailed "should-cost" analysis using bottom-up methodologies Support Design-to-Cost (DTC) initiatives by identifying cost-saving opportunities Perform gap analysis on supplier quotes, including: Piece price Engineering, Design & Development (ED&D) Tooling costs Partner with purchasing teams during supplier negotiations Conduct benchmarking and value optimization analysis across programs Support serial life cost assessments and continuous improvement initiatives Collaborate with global engineering, supplier, and cross-functional teams Deliver cost comparison analysis across regions and programs Basic Qualifications Bachelor's degree in Engineering or related technical field Minimum 5+ years of automotive or related industry experience Strong communication skills (written and verbal) Ability to manage high-volume, complex component portfolios Proficiency in: Microsoft Excel PowerPoint Word Ability to work across cross-functional teams and global regions Preferred Qualifications Experience with activity-based costing and cost modeling structures Background in one or more of the following: Manufacturing Engineering Product/Design Engineering Tooling Development Supplier/Component Purchasing Prior experience supporting cost reduction or supplier negotiations Target Candidate Background We are particularly interested in candidates with experience from: OEMs: Ford, GM, Stellantis, Toyota Tier 1 Suppliers: Magna, Bosch, Denso Ideal candidates may include: Manufacturing Engineers with cost exposure Design Engineers involved in cost analysis Purchasing/Supplier Engineers with strong cost modeling experience Success Profile The ideal candidate is: Analytical and detail-oriented Comfortable working in a fast-paced, global environment Collaborative with strong stakeholder communication skills Adaptable and capable of managing multiple priorities If you are interested, please send an up-to-date resume to View email address on click.appcast.io Provide cost analysis and cost advice Identify product cost reduction opportunities Manage major cost reduction ideas Determine best cost reduction opportunities Achieve desired cost objectives and provide cost alternatives Conducting cost reconciliation to meet client's cost requirements Learned and develop cost reduction plans Providing cost estimates and evaluations Perform all cost development activities Containing schedule and cost information Preparing project and turnaround cost reports Coordinating cost estimating/forecasting activities including periodic project re-estimates and cost benchmark metrics Discuss cost information with project contractors Propose lower cost design concepts Interpret spreadsheets and cost data to determine cost saving opportunities Provide cost forecast for project team management Lead and participate in cost reduction events Lead the cost volume team Verify other committed cost information against cost estimates Collect costs and produce forecast based on progress of work