Product Cost Engineer

at  Wrtsil

Product Cost Engineer
Wärtsilä is an innovative technology company known for being a forerunner in the Marine and Energy markets. Every day, we – Wärtsilians - put our hearts and minds into turning Wärtsilä’s purpose of enabling sustainable societies through innovation in technology and services into reality. Our ultimate aim is to provide increased value to both our customers and society. New, game-changing ideas and continuous improvement have been part of our DNA since 1834. Together, we can create new business opportunities and more sustainable future that we can all be proud of.
We want to transition the world towards a decarbonised and sustainable future. By pushing the boundaries of engineering and technology, we can make it work. We are always on the lookout for future-oriented talent – want to join the ride?
We are now looking for a

WHAT YOU WILL BE DOING

As Cost Engineer, W46, W46TS, W50 in Power Supply Product Management and Sales Support, you will play a crucial part in supporting our Product Cost initiatives and ensuring the cost competitiveness of our products. You will work closely with the Technical and Commercial Manager for the product to achieve our set product development and profitability goals. Reporting to the Head of Product Management & Product Owner, W46, W46TS, W50, you will have the opportunity to contribute to the success of our organisation.

AS COST ENGINEER FOR W46, W46TS, W50, YOUR WORK WILL FOCUS ON THESE RESPONSIBILITIES:

• Working closely with product and technical management to improve the product cost structure and identify ideas for product cost reduction.
• Taking accountability for product design change cost analysis, product cost roadmap, product material (change) roadmap, product cost benchmarking reports, and data reliability of product data.
• Chairing the Product Line cross-functional team meeting to monitor and coordinate cost down activities.
• Following up on the cost gate model for new design introduction.
• Monitoring product cost development against business case and product cost target.
• Maintaining the basic product concept and participating in the development of the product cost model.
• Updating product price lists (including options) according to MP Product costing directive.
• Providing support for pricing of new products and special applications.
• Checking BOM correctness (including new releases) and make or buy variations.
• Conducting monthly product cost analysis.
• Checking and approving rolling forecast data for own products.
• Assessing product cost reporting and initiating and suggesting changes to processes or tools.
• Reviewing cost calculations and estimating margins for new and ongoing projects.
• Preparing material for Product Portfolio Management Forums.

TO BE SUCCESSFUL IN THIS ROLE, WE EXPECT YOU TO HAVE:

• Relevant academic background.
• Understanding of the product and technical requirements related to cost, product competitiveness, and value proposition.
• Solid fact-based decision-making skills.
• Excellent communication and negotiation skills.
• Financial understanding.
• Proactive and positive can-do attitude.
• Experience working in a cross-functional setting and managing stakeholder requirements.
• Track record from similar positions is considered an advantage.