120 applicants

Company

Original Job Post

Meta · 4 days ago

Product Cost Engineer

Sunnyvale, CA

Full-time

Onsite

Senior Level

5+ years exp

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Comp. & Benefits

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Responsibilities

Actively support cross-functional teams in the management and reporting of Total Cost per Unit, encompassing Materials, Capital Expenditures (CAPEX), Operational Expenses (OPEX), Manufacturing Value Add (MVA), and Operational Cost of Goods Sold (OCOGS).

Develop and utilize should-cost models for early cost simulations, product category boundary decisions, and minimum viable product (MVP) determinations.

Leverage cost models to inform supply chain and scalability strategies.

Draw upon your technical expertise to collaborate with engineering and supply chain teams to attain program cost targets at both the product and commodity levels for your specific project.

Engage with hardware teams at a technical level to identify and capitalize on cost reduction opportunities.

Regularly monitor program actual costs versus targets, identifying deltas and implementing corrective actions as necessary to keep costs on track.

Meticulously outline, report, and track all risks and opportunities related to product cost, driving them to closure.

Lead cross-functional cost reviews, reporting actual versus target costs and risks and opportunities for your program.

Actively partake in cross-functional reviews to assess cost implications of product, operational, engineering, and process changes.

Collaborate with both Sourcing and Engineering to align on Supplier Plan of Record (SPOR), ensuring low costs and stable supply.

Champion the sharing of best practices for cost management across various teams and contribute to the creation of scalable processes by documenting some of the organization's best practices.

Manage the profit and loss (P&L) by skillfully overseeing and optimizing costs, and margins to achieve financial targets and contribute positively to the overall success of the product.

Qualification

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Product Cost ManagementFinancial PlanningBudgetingForecastingCost ControlProfitLoss StatementsSupplier ManagementProblem SolvingAnalyticalCommunicationHardware Technology Products

Required

BS or higher in Electrical Engineering, Mechanical Engineering, Manufacturing & Operations Engineering, or equivalent experience.

5+ years of experience in product cost management roles in hardware technology products.

Demonstrated expertise in effective communication to facilitate successful collaboration and idea exchange within the team.

5+ years of experience in a similar role with proven track record of effectively managing profit and loss (P&L) statements.

Experience in understanding of financial planning, budgeting, forecasting, and cost control principles.

Experience adjusting to different communication styles and balancing non-cost variables.

Experience working with suppliers with diverse cultural and geographic backgrounds.

Problem solving, analytical and communication skills.

Preferred

Master’s degree, MBA.

8+ years of experience in product cost management roles in hardware technology products.

Company

H1B Sponsorship

Meta has a track record of offering H1B sponsorships. Please note that this does not guarantee sponsorship for this specific role. Below presents additional info for your reference. (Data Powered by US Department of Labor)

Distribution of Different Job Fields Receiving Sponsorship

Trends of Total Sponsorships

2023 (2750)

2022 (5507)

2021 (798)