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We are a leading developer and manufacturer of mechanical and electronic locking systems as well as car access and authorization systems for the global automotive industry. Founded in 1908 in Velbert, Germany, we are an independent, family-owned company with around 7,500 employees at locations in Europe, America and Asia and achieved sales of more than EUR 1.2 billion in the financial year 2023.
Job Responsibility
Develop cost estimates for new projects during the quotation and development process
Compute cost by analyzing labor, material, and manufacturing time requirements
Determine cost goals (target costing), development of cost calculations for cost-oriented quotes on the basis information at hand
Provide costing information to support decision making and collaborate with other departments
Continuously monitor costs and identify opportunities for cost reduction during the entire product lifecycle
Monitor and report on cost trends and variances, identifying potential issues and proposing corrective actions
Participate in design reviews to identify cost reduction opportunities while maintaining quality standards
Work closely with project teams to ensure that cost targets are met or exceeded
Develop cost models and cost estimating tools to support accurate pricing and profitability analysis
Collaborate with suppliers to negotiate pricing and ensure cost competitiveness
Participate in the development of annual budgets and forecasts
Ensure compliance with financial and accounting policies and procedures
Develop and maintain accurate and timely cost data and documentation
Analysis and evaluation of competitor's products benchmark
Execution of allocated estimated/actual comparisons
Support Sales and Purchasing with matters concerning price negotiations
Requirements
Associate's degree in technical field and accounting or 4 years related experience
3+ years of experience in product costing, cost estimation, or related field preferably in the automotive industry
Knowledge of cost analysis and cost accounting principles
Proficiency in Microsoft Excel and Enterprise Resource Planning (ERP) systems i.e. SAP
Strong analytical and problem-solving skills
Excellent communication and interpersonal skills
Ability to work independently and in a team environment
Strong attention to detail and accuracy
Extensive knowledge in Manufacturing processes, secondary operations and purchased parts
Understanding lean manufacturing concepts and continuous improvements
What we offer
Competitive pay
Full comprehensive health insurance, dental, vision, flexible spending account