The Cost Manager’s primary focus is to drive the organization to hit product cost targets through collaboration with Engineering, Procurement, and Operations to position our product costs below that of competition. Reporting to the Product Management Director, this role leads the overall process of Product Cost reporting, review, and prioritized cost improvement action execution for the assigned group of products.By managing a robust product costing program, this role will ensure that Vertiv is able to manufacture best cost-competitive products with a focus on: (1) Driving reduction in product cost, closely collaborating with Offering Management (quotations team), Order Engineering, R&D, Procurement, Operations, and Finance to position our products below that of our competition, and (2) Ensuring offering managers and other business stakeholders have a clear understanding of product costs and the elements of those costs including material and manufacturing costs. (3) Lead and report on R&D development projects as it pertains to cost estimates and project cost controlling. (4) Work closely with operations and procurement to ensure that the function design building blocks are properly costed and represented in the C1 Configuration tool. (5) Measure and report on list price activities and price realization associated with VCM (variable cost margin) calculations.
RESPONSIBILITIES
* Establish current/actual product cost reporting capability and cadence of review. (Continual cost & margin monitoring). Link this back to monthly VCM measures.
* Perform cost variance reporting. Understand product cost structure, identify, and analyze quarterly variances.
* Establish product cost comparison among different manufacturing plants internally and externally, including outside purchase/manufacturing options.
* Work with product cross-functional team (notably Offering Management (pricing), Order Engineering, R&D, Procurement, Operations and Finance) to identify and drive product cost improvement metrics and actions.
* Coordinating the identification, reporting, and execution of VAVE (Value Analysis/Value Engineering) cost reduction projects and their financial impact.
* Reviewing and advising on target product cost as part of NPDI and throughout the lifecycle of the product.
* Report on R&D budgets including time, material and lab test time. Ensure financially that project stay on track and under budget.
QUALIFICATIONS
Minimum Job Qualifications:
* Demonstratable experience in Engineering / Supply Chain or Manufacturing Operations and working with cross-functional teams to identify and execute on priority actions.
* Experience in analyzing and driving improvement in data reporting with Finance and IT systems.
* Ability to deliver effective presentations of findings and recommendations by creating visual summaries of quantitative cost information. Build and continually improve dashboards to provide insight.
* Ability to drive and accept change, continuous improvement processes.
* Must have demonstratable skills with Microsoft office applications, particularly Excel. Smartsheet and Power BI experience beneficial.
* Be curious and self-motivated for training opportunities based on job requirements and ancillary topics. Lifelong learner.
Preferred Qualifications:
* Comfortable working autonomously.
* Excellent interpersonal skills and the ability to influence work colleagues at all levels.
* Experience in introducing new processes to an existing organization.
* Proven problem-solving abilities.
* PLM Process (product lifecycle management) and launch as well as phase out products.
* Power distribution industry experience (electrical apparatus equipment 600V and below)
* Strong electrical components knowledge in the power distribution space (breakers, meters, transformers, etc.)
EDUCATION AND CERTIFICATIONS
* in Engineering preferred or equivalent experience in product engineering and manufacturing. Financial experience in the greater EMEA Electrical Manufacturing space.
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