Lead Cost Management Specialist
2 weeks ago
Position Title:
Lead Cost Management Specialist
Location: Newnan, GA
Responsibilities:
- Collaborates with Product Development (PD), Manufacturing Engineering (ME), Procurement, and Finance teams to facilitate the creation of innovative products while meeting targeted cost objectives.
- Engages with cross-functional teams to pinpoint cost-related challenges and assess their implications on overall financial performance at the corporate level.
- Oversees initiatives aimed at cost reduction and identifies opportunities for savings.
- Constructs new model bills of materials in partnership with Product Development.
- Evaluates and manages target costs for new models and adjustments to existing model costs.
- Calculates standard costs for new products and establishes cost targets for new models.
- Assesses the financial impact of production revision drawings.
- Monitors the effects of material cost fluctuations on model costs for budgeting purposes.
Reporting:
- Presents new model costs, current progress, and explanations for deviations from previous targets during Model Cost Status meetings.
- Communicates capital expenditure status at each critical phase of model development.
- Reviews cost and ex-factory pricing to ensure budget accuracy.
- Contributes to the company’s budgeting and forecasting processes.
Qualifications:
Bachelor's degree or equivalent in Business, Engineering, or a related field. A minimum of 5 years of experience in roles such as Cost Planner, Cost Planning Manager, or a closely related position.
Experience may include concurrent roles, specifically encompassing 5 years in manufacturing, cost planning, and leading cross-functional teams.
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