Caterpillar Inc. · 6 hours ago
Senior Cost Engineer
Mossville, IL
Full-time
Onsite
Mid, Senior Level
$128K/yr - $193K/yr
5+ years expCaterpillar Inc. is the world’s leading manufacturer of construction and mining equipment, and they are seeking a Senior Cost Engineer to drive cost competitiveness and margin performance for their Power and Energy business. This role involves leading advanced technical cost analysis and collaborating with various teams to influence design and procurement strategies.
ConstructionMachinery ManufacturingManufacturingMechanical Engineering
No H1B
Responsibilities
Lead advanced technical cost analysis and should-cost modeling for supplier components, identifying primary cost drivers across materials, manufacturing processes, labor, and overhead
Establish and deliver component cost targets by performing gap analysis and driving cross-functional alignment to close cost gaps across NPI and production programs
Influence supplier negotiations by partnering with Category Buyers to develop data-driven cost strategies, support fact-based discussions, and enable value-focused outcomes
Collaborate with Engineering during NPI to influence design-to-cost decisions and educate stakeholders on manufacturability, scalability, and cost trade-offs across diesel and electrification technologies
Engage directly with suppliers to identify and execute sustainable cost reduction opportunities while maintaining technical performance, quality, and delivery expectations
Drive Value Analysis and Value Engineering (VAVE) through cost modeling, design for manufacturability, and leveraging suppliers’ capabilities
Qualification
Required
Extensive knowledge of the data-driven decision-making process and associated tools and techniques; ability to gather and analyze data to make organizational decisions that align with strategic business objectives and goals
Extensive knowledge of techniques and tools that promote effective analysis; ability to determine the root cause of organizational problems and create alternative solutions that resolve these problems
Extensive knowledge of the techniques and the ability to work and communicate with a variety of individuals and groups in a constructive and collaborative manner while driving organizational priorities
Extensive knowledge of the principles and tools used in cost-benefit analysis; ability to analyze the purpose and scope of a producer, product, process, or project in terms of cost and benefits
Benefits
Medical, dental, and vision benefits
Paid time off plan (Vacation, Holidays, Volunteer, etc.)
401(k) savings plans
Health Savings Account (HSA)
Flexible Spending Accounts (FSAs)
Health Lifestyle Programs
Employee Assistance Program
Voluntary Benefits and Employee Discounts
Career Development
Incentive bonus
Disability benefits
Life Insurance
Parental leave
Adoption benefits
Tuition Reimbursement
These benefits also apply to part-time employees
Company
Caterpillar Inc.
For 100 years, we’ve been helping customers build a better, more sustainable world.
10001+ employees
Funding
Current Stage
Public CompanyTotal Funding
$3.51BKey Investors
US Department of EnergyAdvanced Propulsion Centre UK
2025-08-28Post Ipo Debt· $3.5B
2024-10-31Grant· $5.04M
2019-06-23Grant
Leadership Team
George Moubayed
Chief Sustainability and Strategy Officer / Senior Vice President Enterprise Strategy Division
E
Eric Sporre
Vice President & Global Chief Information Security Officer (CISO)
Recent News
2026-01-22
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