Cost Engineer

  • Location


  • Sector:

    General engineering & manufacturing

  • Job type:


  • Salary:

    £30 - 35 per hour

  • Contact:

    Rachel Meacham

  • Contact email:

  • Contact phone:

    01384 397555

  • Job ref:


Job Title : Cost Engineer

Location: Peterborough


The objective of the Strategic Cost Management (SCM) team is to identify, evaluate and deliver projects that reduce the impact of material cost on all products produced. This is done through the use and deployment of various cost management tools and close working relationships with other divisions of the business particularly purchasing, engineering and supply chain. Collaboration and engagement beyond local team is essential.

This role will involve exposure to many other areas of the business and making significant contribution to the year over year cost reduction and product cost targets set by the organisation

The primary focus of this position is the development of detailed component cost models and high level cost estimates for existing parts, new parts and competitor parts. Cost models account for all costs drivers associated with the manufacture and supply of components. The creation of models and estimates will involve the application of your existing manufacturing/engineering and product knowledge, or through detailed investigation of the desired process and technology. The completed analysis sets the baseline that will help identify cost reduction opportunities/projects for subsequent delivery through Strategic Cost Management or NPI teams

This role covers both current and New Product Introduction (NPI) programmes.


This is a great opportunity for someone who has experience in material cost management with a strong foundation in a range of manufacturing processes


  • Strong knowledge of manufacturing processes and commercial cost drivers
  • Experience of managing multiple projects
  • The ability to demonstrate cross functional team work
  • Analysing and interpreting numerical data and reaching sound judgments and recommendations
  • Driving License as travel will be required
  • Proficient in Microsoft packages.


  • Educated to a degree level or relevant work experience
  • Good product knowledge
  • Strong 'working' knowledge of Excel

To apply for this role please contact Rachel Meacham.

Your CV will be forwarded to Jonathan Lee Recruitment, a leading engineering and manufacturing recruitment consultancy established in 1978. The services advertised by Jonathan Lee Contracts are those of an Employment Business.

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