Product Cost Engineer

Product Cost Engineer

Be part of building new, innovative hardware that radically redefines the way people work, play, and connect! As a Product Cost Engineer at Meta Reality Labs, you will manage all aspects of the financial health of your product from early ideation and design stages all the way through the end of life of the product. You will team up cross-functionally with Operations, Engineering, Product Management, Sourcing, Finance and Contract Manufacturing teams to drive the product budget and supply chain continuity. You'll influence product architecture by supporting the cross-functional teams' decision making through trade-off analysis. In collaboration with cross-functional stakeholders, you will establish and refine product cost targets from early development stages.

Product Cost Engineer Responsibilities

• Support cross functional teams in active reporting and management of Total Cost per Unit including Materials, Capital Expenditures, Manufacturing Value Add (MVA), Warranty, Freight and others
• Develop cost models to support cost and product category boundary decisions
• Use cost models to drive supply chain and scalability strategies
• Use your technical expertise to drive engineering and the supply chain team to meet program cost targets at a product and commodity level for your project
• Engage Hardware teams at a technical level to identify and drive cost reduction opportunities
• Track program actual costs versus targets to identify deltas and come up with corrective actions to bring the costs back on track
• Outline, report and track all risks & opportunities related to product cost and drive them to closure
• Lead cross-functional cost reviews to report actual versus target costs and risks and opportunities for your program
• Actively participate in cross functional reviews to understand cost implications of operational, engineering and/or process changes
• Work with both Sourcing and Engineering to align on Supplier Plan of Record (SPOR) to ensure low cost and stable supply
• Ensure that best practices for cost management are shared across different teams
• Help create scalable processes documenting some of the best practices in the organization

Minimum Qualifications

• BS or higher in Electrical Engineering, Mechanical Engineering, Manufacturing & Operations Engineering or equivalent experience
• 5+ years of experience in product cost management roles in hardware technology products
• Knowledge of Operations and Supply Chain with demonstrated effective communication skills
• Experience adjusting to different communication styles and balancing non-cost variables
• Problem solving, analytical and communication skills

Preferred Qualifications

• Masters degree (e.g. MBA, Engineering, or other relevant field) with experience in value engineering, management consulting, strategy, business operations
• 7+ years of experience in product cost management roles in hardware technology products

$167,000/year to $230,000/year + bonus + equity + benefits

Individual compensation is determined by skills, qualifications, experience, and location. Compensation details listed in this posting reflect the base hourly rate, monthly rate, or annual salary only, and do not include bonus, equity or sales incentives, if applicable. In addition to base compensation, Meta offers benefits. Learn more about benefits at Meta.

Meta is proud to be an Equal Employment Opportunity employer. We do not discriminate based upon race, religion, color, national origin, sex (including pregnancy, childbirth, reproductive health decisions, or related medical conditions), sexual orientation, gender identity, gender expression, age, status as a protected veteran, status as an individual with a disability, genetic information, political views or activity, or other applicable legally protected characteristics.