Cost Optimization Engineer Jobs

1 job found

20d ago

Product Cost Engineer

Meta Sunnyvale, CA

Sunnyvale, CA

20d ago

$168k - $234k/yr Full time CapEx Cost Cost Analysis

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Job Description

Product Cost Engineer for Meta Reality Labs Product Operations manages a product's financial health from ideation through end of life, coordinating with Operations, Engineering, Product Management, Sourcing, Finance and Contract Manufacturing to hit cost targets and sustain supply chain continuity.

Responsibilities

Provide cross-functional support for active reporting and management of Total Cost per Unit, covering materials, capital expenditures, Manufacturing Value Add (MVA), warranty, freight and related costs.
Create cost models to inform cost targets and product category boundary decisions.
Leverage cost models to shape supply chain strategy and scalability initiatives.
Apply technical expertise to guide engineering and the supply chain teams toward meeting program cost targets at product and commodity levels for the project.
Collaborate with hardware teams to identify and drive cost reduction opportunities.
Monitor program costs against targets, identify deltas, and implement corrective actions to return costs to plan.
Identify, report, and track all costs risks and opportunities, and drive closure.
Lead cross-functional cost reviews to compare actual versus target costs and surface risks and opportunities for the program.
Participate in cross-functional reviews to understand cost implications of operational, engineering, and process changes.
Collaborate with Sourcing and Engineering to align on the Supplier Plan of Record (SPOR) ensuring low cost and stable supply.
Promote best practices for cost management across teams.
Help document scalable processes that capture organizational cost-management best practices.

Requirements

BS or higher in Electrical Engineering, Mechanical Engineering, Manufacturing & Operations Engineering, or equivalent.
5+ years of product cost management experience in hardware technology products.
Strong knowledge of operations and supply chain with demonstrated effective communication skills.
Experience adjusting to diverse communication styles and balancing non-cost variables.
Proven ability to apply analytical and problem-solving methods to cost or supply chain challenges, and to present findings to cross-functional stakeholders.

Benefits

Performance-based Bonus
Equity Compensation
Comprehensive Benefits Package

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