The Toro Company · 10 hours ago
Cost Engineer - The Toro Company
Hennepin County, MN
Full-time
Hybrid
Entry, Mid Level
$80K/yr - $104K/yr
1+ years expThe Toro Company is a Minnesota-based company that has been in business since 1914, focusing on providing world-class equipment for maintaining environments. The Cost Engineer role involves developing and analyzing product cost estimates, budgeting, and participating in new product development while optimizing cost, quality, and time requirements.
CommercialIndustrial ManufacturingMachinery Manufacturing
No H1B
Responsibilities
Offers sound cost information and options when design choices are being made including value engineering, design for manufacture and assembly (DFMA), in-house and supplier capabilities, materials utilization and design alternatives for value optimization. Manages product cost to target on projects with moderate complexity
Sets the future cost estimate of the item when production is estimated to begin that will be used by the enterprise for ROI calculations and decision making. Prepares supporting documentation (cost estimates) for project milestone review
Provides analyzed cost data to Division Engineering, Plant Engineering/Operations, Marketing, and Finance for use in determining project direction, product pricing, parts pricing, budgeting, and internal rate of return investment calculations for new and current products
Coordinates regular interaction with suppliers, strategic sourcing, advanced manufacturing engineers, manufacturing engineers, industrial engineers, design engineers and other resources in order to retain leading edge knowledge of processes available to The Toro Company
Provides leadership and guidance in the area of cost avoidance, cost reduction, and standardization
Provides cost estimating and pricing proposal development, with an understanding of the cost estimating model and knowledge in development of product, labor, freight and assembly rates and their interconnectedness
Administers product costing models and standardized costing procedures
Perform other duties as assigned
Qualification
Required
Applicants must be legally authorized to work in the United States
Degree (B.A. or B.S.) in engineering/industrial technology discipline, finance or a related field
Cost Engineer I: Minimum of 1 year of experience in costing future product, product development or cost related positions
Cost Engineer II: Minimum of 3 years of experience in costing future product, product development or cost related positions
Ability to manage multiple projects
Ability to read, comprehend and apply engineering specifications and blue prints
Understanding of manufacturing processes, bills of materials, product structures
Understanding of value engineering and DFMA principals
Demonstrates analytical and problem-solving skills
Curious learner, self-starter with a continuous improvement mindset. Makes recommendations to streamline and improve processes
Strong written, verbal and interpersonal communication skills to team with and able to influence leaders
Intermediate Excel skills with knowledge of Outlook, PowerPoint and Word
Ability to work successfully in a fast-paced dynamic organization with changing needs
Preferred
Advanced degrees preferred
SAP Experience preferred
Benefits
Affordable and top tier medical/dental/vision plan
401k
Dress for your day
Food - Take advantage of our onsite café, which serves both breakfast and lunch. With a Caribou Coffee attached, you can grab a snack and a coffee at any time during your day.
Wellness - The Toro Company’s HQ offers complimentary use of our onsite fitness facility to employees. In addition to physical wellbeing, TTC offers a variety of mental health and financial health resources to all employees.
Volunteerism - The Toro Company is proud to provide employees 20 hours of paid time to volunteer in the community.
Summer Hours – Enjoy a flexible schedule during the summer! By working a little more during the first few days of the week, TTC employees at our Bloomington HQ are able to start their weekends early and leave by noon on Friday.
Flexible Work Arrangements – This team is currently implementing a hybrid work schedule. The opportunity to collaborate in the office and work from home part-time, has promoted team-building and flexibility.
Company
The Toro Company
The Toro Company provides solutions for the outdoor environment.
10001+ employees
Funding
Current Stage
Late StageLeadership Team
Angela Drake
Vice President and Chief Financial Officer
Jason Baab
Vice President Corporate Development, Strategy & Sustainability
Recent News
Twin Cities Business
2025-12-20
2025-12-17
2025-12-17
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