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Senior Technical Cost Engineer
| Company | Caterpillar Inc. |
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| Location | Peoria, IL, USA |
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| Salary | $110520 – $165840 |
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| Type | Full-Time |
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| Degrees | Bachelor’s |
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| Experience Level | Senior |
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Requirements
- Bachelor’s degree in engineering or a technical curriculum.
- Strong analytical thinking: Hands-on experience in cost analysis, cost modeling, and identifying value-driven opportunities across product development and manufacturing.
- Effective communication skills: Ability to clearly convey complex technical and financial information to cross-functional teams and stakeholders.
- Proven ability to manage multiple priorities and projects: Demonstrating strong organizational skills, time management, and the flexibility to adapt in a dynamic, fast-paced environment.
Responsibilities
- Collaborate with managers across Concurrent Product and Process Development (CPPD) and cost management teams to identify cost opportunities and provide both strategic and tactical support.
- Deliver cost insights and feasibility studies to drive improvements in design, manufacturing processes, and sourcing strategies.
- Analyze and present cost reduction opportunities, including quality trade-offs and insights from should-cost reviews.
- Focus on specific categories—such as castings, non-metallic materials, and harnesses—and targeted systems or components for both baseline and new designs.
- Summarize and present cost analysis findings and recommendations to support informed decision-making across CPPD teams.
- Support cost initiatives including New Product Introduction (NPI), New Source Introduction (NSI), and Operating Profit After Capital Charge (OPACC) improvement projects.
- Participate in cost-related events such as Rapid Improvement Workshops (RIW), Value Analysis/Value Engineering (VAVE), and Low-Cost Producer (LCP) initiatives, and contribute to global collaboration efforts through the International Collaboration Team (ICT).
- Provide coaching and training on cost analysis tools and methodologies, including the use of tools within the Should-Cost and RPM (Rapid Product Modeling) frameworks.
- Demonstrate strong communication skills and flexibility to work across diverse teams, adapting to changing priorities and driving alignment across functions.
Preferred Qualifications
- A track record of using data-driven insights to influence product design, sourcing, or manufacturing decisions.
- Demonstrated strong organizational skills, time management, and the flexibility to adapt in a dynamic, fast-paced environment.
