Imagine returning home after a fulfilling day, knowing you've helped make roads safer than ever. At Aptiv, you will work alongside 200,000 colleagues from 50+ countries, all Moving Forward Together as One Team. We believe that innovation can come from anywhere. Whether you belong to IT, Finance, HR, or Marketing functions, what you do always has an impact and enables our engineers to shape the Future of Mobility. We collaborate to think outside the box, inspire each other, and brainstorm ideas that lead to building the right things the right way.
Major Accountabilities:
General and Task Management
Determine fact-based cost estimate targets during the design and development process, recommending cost effective solutions as well as identifying specific cost reduction target elements for existing component or product designs
Gather proposals, specifications and related documents and liaise with stakeholders in order to convert specifications to cost estimates for new and current products.
Utilize costing methodologies, tools, appropriate software models and packages to prepare and maintain reliable and accurate data.
Assess cost effectiveness of products and track actual costs relative to estimates and report status on a regular basis to ensure costs are in line with estimates / forecasts
Investigate and identify cost reduction opportunities through various cost analysis activities like Should Cost, LPP etc.
Support all activities in cost estimating and take a proactive approach towards improvements
Relationship Management
Liaise with stakeholders and support management decisions by providing appropriate cost information and data
Provide cost estimates during change process and prioritize recommended changes based upon cost impact.
Engage with stakeholders to ensure estimates are accurate and to make appropriate adjustments and resolve issues
Analyze supplier quotes and provide information and data, which aids communications with suppliers and customers and achieves cost optimization.
Ensure supplier quotations meet ‘should cost’ estimates
Support supplier meetings and negotiations to challenge quotation prices and aim for cost optimization to meet target costs
Support and utilize experience to aid best practice in the supplier process in conjunction with members of the SCM team
Your Background (Basic Qualifications):
Bachelors in Engineering in Mechanical, Chemical, or Electrical or related discipline
Previous Experience of 8+ Years with min 3 years as Costing Engineer ideally in automotive or other high-reliability industry
Knowledge and understanding of a variety of manufacturing/automotive processes and components with ability to evaluate and analyze associated costs
Good knowledge of IT systems including advanced Excel skills, ideally experienced in using spreadsheets, cost models and cost management tools
Important Company Update – Please Read Before Applying. On January 22, 2025, Aptiv announced its decision to separate its EDS division to form two separate independent companies: https://www.automotiveworld.com/news-releases/aptiv-announces-intention-to-separate-its-electrical-distribution-systems-business/
APPLY TODAY, AND TOGETHER LET’S CHANGE TOMORROW!
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Aptiv is an equal employment opportunity employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, national origin, sex, gender identity, sexual orientation, disability status, protected veteran status or any other characteristic protected by law.
