Cost Estimator

Group Description
Magna is an innovative leader in the development and manufacturing of high quality complete seating systems. Our solution includes seating structures, mechanisms and hardware, as well as foam and trim products for global automotive, heavy truck and bus industries. Our capabilities include market and consumer research; full concept development; design and engineering capabilities; testing, validation and world-class manufacturing. Our award-winning seating solutions are developed from consumer research, finding the ease of operation to be comfortable, convenient and connected.
Role Summary
Cost Estimator/Sr based on level of experience.
Responsible for the development of all cost issues related to seating programs. Interacts with manufacturing facilities, engineering, program management and account managers to establish estimates of costs on standard and special parts or products.
Key Responsibilities
• Analyzes all quote packages and develops costing on all components contained within the package. Works closely with quote team, plant, engineering and purchasing personnel to establish required cost data. • Verifies accuracy and finalizes quote packages. Presents information to the program team and/or Cost Estimating Manager prior to customer submission.• Develops and maintains cost reduction programs and establishes reporting formats based on customer requirements. Participates in setting targets and pricing to improve margins. • Contributes to VA/VE initiatives.• Tracks, audits and compares actual tooling expenditures to the established budget as needed and reports the status on a regular basis• Provides cost impacts for engineering changes through the add/delete process. Tracks the standard costed bill of material that consists of: material cost, freight cost, labor cost, burden costs, and all customer formulated value-added.• Supports and justifies cost/pricing structure to the customer as required, under the direction of the department manager and with the coordination of Sales department.• Provides purchasing with Target Cost Goals. Supports purchasing in evaluating vendor quotes.• Maintains customer submitted pricing data as required.• Supports Internal / External Audit efforts regarding ISO 9001:2015, IATF 16949 Certification for remote site location (Group Office).• Supports the requirements as detailed in Standard Operating Procedure 8000 (Quality Management System).• Ensure employees work in the manner consistent with the organizations established objectives and targets utilizing protective equipment, devices, measures, and procedures as promulgated by state and federal regulations. Establish clear goals for workplace health and safety. Complete safety talks, safety meetings, and required training occur, as defined
Key Qualifications/Requirements
To perform this job successfully, an individual must be able to perform each essential duty and responsibility satisfactorily. The requirements listed below are representative of the knowledge, skill, ability and/or physical demands required. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.
Education
Bachelor's Degree (or bachelor's equivalency) in accounting, finance, or engineering; or equivalent combination of education and work experience.
Experience/Special Knowledge/Skills
Minimum 2 years' experience in an automotive manufacturing/engineering related environment.
Knowledge of product, design, manufacturing processes and procedures.
Strong organizational skills and the ability to successfully coordinate and complete multiple tasks within established and changing deadlines.
Strong communication skills: verbal, written and technical presentations.
Proficient with word processing, spreadsheet and database applications.
Demonstrated successful performance with independent problem solving. Analytical skills to review and interpret data and make recommendations regarding costs.
Skills Testing
No skills testing required.
Physical Demands/Work Environment
Normal amount of sitting, standing, and walking. Average mobility to move around an office environment, able to conduct normal amount of work at a computer, may require travel.
Additional Information
Awareness. Unity. Empowerment.
At Magna, we believe that a diverse workforce is critical to our success. That's why we are proud to be an equal opportunity employer. We hire on the basis of experience and qualifications, and in consideration of job requirements, regardless of, in particular, color, ancestry, religion, gender, origin, sexual orientation, age, citizenship, marital status, disability or gender identity. Magna takes the privacy of your personal information seriously. We discourage you from sending applications via email to comply with GDPR requirements and your local Data Privacy Law.
Nearest Major Market: Detroit