Senior Cost Engineer at Sensata Technologies

Sofia, Sofia-City, Bulgaria -

Full Time

Start Date

Immediate

Expiry Date

03 Oct, 26

Salary

34195.7

Posted On

05 Jul, 26

Experience

5 year(s) or above

Remote Job

Yes

Telecommute

Yes

Sponsor Visa

Skills

Cost Engineering, Value Engineering, Should-Cost Modeling, Product Cost Analysis, Teardown Studies, Budget Forecasting, Risk Mitigation, Supplier Negotiation, Stakeholder Management, Microsoft Excel, Design-To-Cost, Target Costing, Manufacturing Process Analysis, Financial Control, Cross-functional Leadership

Industry

electrical;Appliances;and Electronics Manufacturing

Description

At Sensata, we are building a team focused on delivering smarter, more cost-effective products, and we are looking for a Senior Cost Engineer to help lead that journey. As part of our global value engineering organization, you will analyze product and manufacturing costs, develop should-cost models, and identify opportunities to improve product competitiveness and profitability. Partnering closely with Engineering, Procurement, Manufacturing, Operations, and Finance, you will play a key role in driving cost optimization initiatives across the entire product lifecycle. This position offers the opportunity to lead cross-functional cost reduction activities, influence design and manufacturing decisions, and help shape the future of our products through data-driven insights and advanced cost analysis. General Responsibilities Development of comprehensive project budgets and advanced cost models, ensuring accuracy and alignment with complex technical drawings and specifications. Handles the review of drawings and specifications, and provide expert guidance in the preparation of high-level cost estimates and strategic bid packages. Establish, track, and ongoing maintenance of project budgets and forecasts, ensuring robust financial controls across multiple projects. Monitor and analyze actual project expenditures versus approved budgets, identify significant variances, and implement corrective strategies to optimize financial performance. Lead project cost forecasting and conduct in-depth cost-benefit analyses to inform executive decision-making and strategic planning. Handles the preparation of advanced cost performance reports and present key financial insights to project managers and senior leadership. Identify and evaluate major cost risks, manage substantial contingency funds, and develop and implement sophisticated risk mitigation strategies. Lead the analysis and negotiation of supplier contracts, high-value quotes, and complex change orders to ensure cost efficiency and compliance. Handles the maintenance of comprehensive project documentation, cost databases, and historical data, ensuring data integrity and accessibility for future projects. Develops high-level communication with project teams and stakeholders to resolve complex budget discrepancies and ensure strict adherence to organizational standards and best practices. Experience / Qualifications Bachelor's Degree in Mechanical, Manufacturing, Industrial, Automotive, Mechatronics, or related Engineering discipline. Typically 7+ years of experience in cost engineering, value engineering, manufacturing engineering, product development, sourcing engineering, product costing, or related technical functions. Experience analyzing product and manufacturing costs in a manufacturing environment. Experience developing should-cost models and performing product cost analysis. Experience conducting teardown studies and component-level cost evaluations. Knowledge of manufacturing processes, materials, product design, and cost optimization methodologies. Experience participating in supplier reviews, sourcing activities, supplier workshops, or value engineering programs. Strong analytical, communication, presentation, and stakeholder management skills. Ability to lead technical discussions and influence cross-functional teams without direct authority. Proficiency in Microsoft Office applications, particularly Excel. Experience in automotive, industrial manufacturing, electronics manufacturing, or similar environments preferred. Experience with value engineering, design-to-cost, target costing, and should-cost methodologies preferred. Join a global technology company where your development matters. We offer competitive compensation, comprehensive health and wellbeing benefits - additional health insurance, food vouchers, sponsored sports card, continuous learning opportunities, support for further education, career growth across international teams, recognition programs that celebrate success, and the chance to contribute to technologies that help create a safer, cleaner, more connected world. Gross Annual Salary Range: 24,869.00 EUR - 34,195.70 EUR The salary range is published in line with the EU Pay Transparency Directive and relevant country legislation. Starting Salary The starting salary offered will be based on objective, gender-neutral criteria , (e.g internal equivalency, relevant skills, experience, qualifications etc.). Applicants will not be asked for salary history. SmarterTogether Collaborating at Sensata means working with some of the world’s most talented people in an enriching environment that is constantly pushing towards the next best thing Employees work across functions, countries and cultures gaining new perspectives through mutual respect and open communication As OneSensata, we are working together to make things work together Click here to view Sensata Recruitment Privacy Statement Click here to view our Sensata Recruitment Privacy Statement for China NOTE: If you are a current Sensata employee (or one of our Affiliates), please back out of this application and log into Workday via the Company Intranet to apply directly. Type "FIND JOBS" in the Workday search bar. Return to Sensata.com Read our Fraud Advisory Sensing is what we do. In fact, our name Sensata comes from the Latin word sensate for ‘those gifted with sense’. Our focus on sensing is also reflected in our logo, which spells Sensata in Braille. Sensata Technologies is a global industrial technology company striving to create a safer, cleaner, more efficient and electrified world. Through its broad portfolio of mission-critical sensors, electrical protection components and sensor-rich solutions, Sensata helps its customers address increasingly complex engineering and operating performance requirements. With more than 18,000 employees and global operations in 13 countries, Sensata serves customers in the automotive, heavy vehicle & off-road, industrial, and aerospace markets. · Learn more at Sensata.com and follow Sensata Technologies on LinkedIn, Facebook, Instagram and X. Note to applicants for positions in the United States: Sensata Technologies, Inc. (US) is proud to be an Equal Opportunity employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, or status as a protected veteran. View the ”Know Your Rights: Workplace Discrimination is Illegal” Poster. Sensata Technologies, Inc. (US) participates in E-Verify. View the E-Verify posters If you are an individual who requires a reasonable accommodation in connection with the hiring process and/or to perform the essential functions of the position for which you applied, please make a request to the recruiter or contact accommodations@sensata.com Diversity Statement We are dedicated to ensuring our employees feel a sense of belonging and respect every day. We believe that every individual has unique insights that others can learn from. Working at Sensata means you can bring your whole self to the table. Our goal is to achieve fair representation of women, minorities, veterans, people with disabilities, and all types of diversity among all levels in our organization.

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Responsibilities

The Senior Cost Engineer will develop comprehensive project budgets and advanced should-cost models to optimize product competitiveness and profitability. They will lead cross-functional cost reduction initiatives and manage supplier contract negotiations to ensure financial efficiency across the product lifecycle.