Product Design Engineer

2 weeks ago

Castle Rock, United States Core Ventures LLC Full time
The Company:

Master Magnetics, Inc. was founded in 1976 in Castle Rock, Colorado. We are focused exclusively on manufacturing and distributing magnets and magnetic devices for commercial, industrial, and consumer use. The Magnet Source® brand is a registered trademark of Master Magnetics, Inc. and represents exceptional quality, expertise, and customer service.

The Position:

The Product Design Engineer will play a critical role in driving innovation, performance differentiation, and commercialization of advanced magnetic components, assemblies, and systems for Master Magnetics. This role requires a combination of technical expertise, market awareness, and cross-functional collaboration to address emerging customer needs, develop novel concepts, and bring high-quality products to market efficiently. The successful candidate will contribute to strategic initiatives by leveraging industry insights, conducting rigorous engineering analyses, and supporting business development efforts.

Responsibilities:

Market Analysis:
  • Review industry and academic research to track emerging magnet technologies, materials, and applications.
  • Analyze technical specifications of competitor products to identify performance gaps and opportunities for differentiation.
  • Coordinate with product management to translate market requirements into actionable engineering initiatives.
Idea Generation:
  • Brainstorm innovative concepts for new magnetic components, assemblies, and systems that address unmet customer needs.
  • Work closely with cross-functional teams (sales, marketing, supply chain) to align technical ideas with market feedback.
  • Utilize customer data, field reports, and internal R&D findings to propose engineering solutions that enhance functionality, reliability, and cost-effectiveness.
Concept Development:
  • Develop product specifications, 3D models, and detailed engineering drawings that reflect optimal magnetic properties, material selection, and manufacturability.
  • Collaborate with suppliers and internal teams to refine prototypes, ensuring quality, performance, and adherence to budget and timeline constraints.
  • Conduct simulations, tolerance analyses, and material tests to validate design choices and improve product robustness.
Commercialization:
  • Support the transition from prototype to production by working with manufacturing, operations, and quality teams.
  • Create technical documentation, guidelines, and test protocols to ensure consistent product quality and reliability throughout the supply chain.
  • Offer technical support during product launch, assisting sales and marketing with technical training materials, product specifications, and customer-facing documentation.
Business Development:
  • Partner with business development teams to present technical capabilities to prospective clients and partners.
  • Attend industry events and technical conferences to remain informed of emerging trends and to network with potential collaborators and suppliers.
  • Identify and evaluate potential partnerships with research institutions, material suppliers, and component manufacturers to enhance product offerings and reduce costs.
Product Forecasting:
  • Collaborate with product management and operations to provide technical insights that inform demand forecasting and capacity planning.
  • Use engineering data (e.g., material availability, production cycle times, yield rates) to advise on lead times, inventory levels, and product life cycles.
  • Support strategic decision-making by helping predict the long-term technical viability of product lines and potential replacement or enhancement cycles.
Qualifications:
  • Bachelor's degree in Mechanical Engineering, Materials Science, or a related field; advanced degree a plus.
  • 5+ years of experience in product development, engineering design, or R&D, with a focus on magnetics or related electromechanical products.
  • Strong understanding of magnetic materials, manufacturing processes, and performance testing methodologies.
  • Proficiency in CAD software, simulation tools (e.g., FEA for magnetic fields), and data analysis.
  • Proven ability to translate market requirements into tangible engineering solutions.
  • Excellent communication skills, both written and verbal, and the ability to collaborate across functions.
  • Detail-oriented, curious, and driven by continuous improvement and innovation.
Salary & Benefits:
  • Competitive salary
  • 401k with company matching
  • Health, dental, vision, and life insurance
  • 7 paid holidays per year and paid time off
  • Health maintenance incentive, educational reimbursement, growth opportunities (after 6 months of employment)

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