Advanced Cost Optimization Engineer

As an Advanced Mechanical Design Engineer here at Honeywell, you will be a key contributor to driving product cost competitiveness through value engineering, design optimization, standardization, and manufacturing improvements. Your engineering expertise will be used to identify and implement sustainable cost reductions while maintaining product performance, quality, reliability, safety, and customer requirements.

You will report directly to our Engineering Manager, and you’ll work out of our Arvada, Colorado location on a On-site work schedule.

In this role, you will impact product profitability and operational performance by leading technically complex cost reduction initiatives from opportunity identification through engineering validation, implementation, and verification of realized savings.

At Honeywell, our people leaders play a critical role in developing and supporting our employees to help them perform at their best and drive change across the company. Help to build a strong, diverse team by recruiting talent, identifying, and developing successors, driving retention and engagement, and fostering an inclusive culture

• Lead engineering cost reduction initiatives across existing products, components, assemblies, auxiliary systems, and manufacturing processes.
• Identify and prioritize cost reduction opportunities through product teardown, BOM analysis, historical cost analysis, engineering review, supplier input, and benchmarking.
• Apply Value Analysis / Value Engineering (VA/VE) and Design for Manufacturability and Assembly (DFMA) methodologies to reduce product cost while maintaining functional and customer requirements.
• Drive product standardization and simplification by reducing unnecessary options, customization, part proliferation, and design complexity.
• Develop technically sound solutions involving alternate materials, manufacturing processes, component designs, suppliers, and product configurations.
• Develop business cases for cost reduction opportunities, including projected savings, implementation cost, engineering effort, tooling requirements, technical risk, and expected payback.
• Work closely with Manufacturing Engineering, Supply Chain, Sourcing, Quality, Project Management, and Operations to implement cost reduction projects.
• Partner with suppliers to identify component redesign, manufacturing-process, material, and sourcing opportunities.
• Perform or coordinate the engineering analysis, calculations, tolerance analysis, risk assessment, testing, and validation required to qualify proposed changes.
• Create and approve engineering changes, drawings, specifications, bills of material, and supporting technical documentation necessary to implement approved cost reductions.
• Ensure cost reduction initiatives comply with applicable engineering standards, product requirements, customer specifications, regulatory requirements, and internal change-control processes.
• Provide technical disposition of non-conforming components and identify opportunities to reduce Cost of Poor Quality (COPQ).
• Maintain an active pipeline of cost reduction opportunities and drive projects from concept through production implementation.
• Partner with Finance and Operations to verify realized savings and monitor results following implementation.
• Provide technical leadership to multidisciplinary project teams and mentor less-experienced engineers in value engineering and structured problem-solving methods.
• Communicate project status, financial impact, technical risks, recommendations, and implementation plans to engineering and business leadership.

YOU MUST HAVE

• Bachelor’s degree from an accredited institution in a technical discipline such as science, technology, engineering, mathematics.
• Minimum of 6 years of experience in mechanical design, value engineering, product engineering, manufacturing engineering, or related product-development activities and strong knowledge of mechanical design principles, manufacturing processes, component selection, engineering materials, and product validation.
• Experience interpreting and creating engineering drawings, specifications, tolerances, and bills of material.
• Experience supporting engineering change processes and implementing changes into production.
• Ability to analyze technical and cost data and translate findings into actionable engineering projects.

WE VALUE

• Advanced degree in Mechanical Engineering, Manufacturing Engineering, Industrial Engineering, or related technical field.
• Experience with Value Analysis / Value Engineering (VA/VE), DFMA, Lean Manufacturing, Six Sigma, FMEA, and structured problem solving.
• Proven track record of leading successful cost reduction, product optimization, or continuous-improvement projects with measurable financial results.
• Experience with machining, castings, forgings, fabricated structures, piping systems, instrumentation, motors, heat exchangers, and purchased mechanical components.
• Experience collaborating directly with suppliers on design optimization and cost reduction.
• Experience with CAD, PLM, ERP, product configuration, and engineering change-management systems.
• Strong analytical and problem-solving skills with the ability to balance cost, quality, delivery, reliability, and technical risk.
• Strong communication skills and ability to present technical and financial recommendations to leadership.
• Experience in collaborating with multidisciplinary teams to deliver integrated solutions.
• Relentless drive for improvements in safety, quality and processes
• Ability to thrive in a fast-paced manufacturing environment.
• Experience working effectively across Engineering, Manufacturing, Supply Chain, Quality, and Operations.

U.S. PERSON REQUIREMENTS

Due to compliance with U.S. export control laws and regulations, candidate must be a U.S. Person, which is defined as, a U.S. citizen, a U.S. permanent resident, or have protected status in the U.S. under asylum or refugee status or have the ability to obtain an export authorization.

The annual base salary range for this position is $106,000 - $132,000. Please note that this salary information serves as a general guideline. Honeywell considers various factors when extending an offer, including but not limited to the scope and responsibilities of the position, the candidate's work experience, education and training, key skills, as well as market and business considerations.

BENEFITS OF WORKING FOR HONEYWELL

With In addition to a competitive salary, leading-edge work, and developing solutions side-by-side with dedicated experts in their fields, Honeywell employees are eligible for a comprehensive benefits package. This package includes employer subsidized Medical, Dental, Vision, and Life Insurance; Short-Term and Long-Term Disability; 401(k) match, Flexible Spending Accounts, Health Savings Accounts, EAP, and Educational Assistance; Parental Leave, Paid Time Off (for vacation, personal business, sick time, and parental leave), and 12 Paid Holidays. For more information visit: Benefits at Honeywell https://benefits.honeywell.com/

The application period for the job is estimated to be 40 days from the job posting date; however, this may be shortened or extended depending on business needs and the availability of qualified candidates. Posting Date 11/12/2026

Honeywell is an equal opportunity employer. Qualified applicants for employment with Honeywell will be considered without regard to race, color, national origin, religion, age, sex (including sexual orientation, gender identity, and pregnancy) disability, protected veteran status, or any other legally protected status.

ABOUT HONEYWELL TECHNOLOGIES

Honeywell Technologies is a global, pure-play automation company with a legacy of innovating to help solve the world’s most mission-critical challenges, enhancing the quality of life for people and communities around the world. We serve the building, industrial, and process sectors with a broad portfolio of services, solutions, and products, underpinned by our Honeywell Technologies Accelerator operating system and Honeywell Technologies Forge intelligence layer. By combining the deep domain expertise of our more than 50,000 employees with decades of data from our global installed base, we are uniquely positioned to lead the industrial sector’s transition from automation to autonomy.

THE BUSINESS UNIT

Honeywell Technologies Process Technology helps customers improve energy efficiency, sustainability, and operational performance through advanced process technologies and industry expertise. From process licensing and catalysts to digital solutions and engineering services, we support innovation across energy, refining, petrochemicals, and emerging low-carbon industries.