{"id":2994473,"url":"https://alion.io/job/schneider-electric-principal-costing-engineer","title":"Principal, Costing Engineer","company":{"id":1266,"name":"Schneider Electric","domain":"se.com","url":"https://alion.io/company/schneider-electric","size_band":"5000+","is_staffing_agency":false,"employer_type":"direct","is_intermediary":false,"listed_via":null,"ats_vendor":"Jibe","truth_index":{"grade":"B","score":75,"open_postings":378,"ghost_share":0,"stale_share":0.995,"repost_share":0,"time_to_fill_p50_days":28,"computed_at":"2026-10-23T05:54:15Z"}},"role":"Industrial Engineering","role_family":"Industrial Engineering","seniority":"lead","employment_type":null,"work_mode":"on_site","remote_scope":null,"remote_scope_basis":null,"remote_working_hours":null,"hiring_geo_confidence":"structured","locations":["Bengaluru, India"],"countries":["IN"],"hiring_countries":[],"hiring_countries_total":0,"salary":null,"salary_estimate":{"min_usd":20000,"max_usd":52000,"period":"year","method":"role_seniority_country_remote_cell","sample_n":13},"experience_years_min":null,"visa_sponsorship":false,"relocation_package":false,"has_equity":false,"technologies":[{"name":"Microsoft Excel","optional":false},{"name":"Power BI","optional":false},{"name":"Scrum","optional":false}],"status":"live","first_seen_at":"2026-07-22T00:00:00Z","employer_posted_date":"2026-10-21","last_verified_at":"2026-10-24T01:59:52Z","board_verified":true,"closed_at":null,"days_open":94,"trust":{"level":"stale","repost_count":0,"flags":["stale"],"days_open":93},"description":"Position Summary\nThe Cost Management Lead is responsible for establishing, governing, and optimizing the end-to-end cost structure of new offers/products during the New offer lifecycle. The role ensures that new offers are launched within target cost, achieve required profitability and meet business case commitments through close collaboration with Engineering, Procurement, Manufacturing, Supply Chain and Product Management teams.\nThis position serves as the single point of ownership for cost competitiveness, target costing, value engineering, and financial viability of new offers from concept to industrialization.\nPurpose of the Role\nTo ensure all new offers are developed, industrialized, and launched with competitive cost structures that meet market expectations, achieve target margins, and support sustainable business growth through disciplined cost management and value engineering\nKey Responsibilities\nTarget Cost Management\nDefine target cost based on market price, margin expectations, and business strategy.\nEstablish cost objectives at product, subsystem, and component levels.\nTrack cost performance throughout the development cycle.\nDrive cost accountability across cross-functional teams\nNew Offer Cost Development\nDevelop detailed product cost models during concept, design, and industrialization phases- CSC derivation and evolution\nAnalyse BOM costs, manufacturing costs, logistics costs, and overhead allocations.\nCreate should-cost models for critical components and assemblies.\nSupport pricing and business case development.\n Value Engineering & Cost Optimization\nIdentify and execute cost reduction opportunities.\nFacilitate Design-to-Cost (DTC) and work closely with Scrum master\nChallenge design decisions impacting product costs.\nBenchmark costs against competitors and market standards.\nLead cost optimization initiatives before product launch.\nSupply Chain & Procurement Collaboration\nPartner with Procurement to establish sourcing strategies aligned with target costs.\nEvaluate supplier quotations and negotiate cost improvement opportunities.\nParticipate in supplier selection and localization initiatives.Support make-versus-buy decisions through financial analysis\n Manufacturing Cost Assessment\nEvaluate manufacturing processes and conversion costs ( MBC, DVC)\nSupport industrialization teams in identifying productivity improvements.\nAnalyze labor content, machine utilization, tooling, and capex requirements.\nDrive manufacturing cost competitiveness across plants.\nGovernance & Reporting\nEstablish cost management dashboard and KPI reporting.\nDCMP utility and analysis with escalation\nKey Deliverables\nTarget Cost Breakdown Structure\nProduct Cost Model\nCost Risk & Opportunity Register\nDesign-to-Cost Action Plans\nSupplier Cost Benchmark Analysis\nCost Review Presentations\nLaunch Cost Validation Reports\nKey Performance Indicators (KPIs)\nTarget Cost Achievement (%)\nCost Estimation Accuracy\nCost Reduction Savings\nMaterial Cost Variance\nTime-to-Market Support\nROI Achievement Against Business Case\nTechnical Competencies\nCost Management\nTarget Costing, Product Costing, Design-to-Cost, Should-Cost Modelling, Lifecycle Costing\nManufacturing & Supply Chain\nBOM Cost Analysis, Manufacturing Process Costing, Supplier Cost Analysis, Sourcing Strategy Development, Localization Cost Assessment\nDigital Tools\nSAP, Power BI, Advanced Excel, Cost Modeling Tools, Product Lifecycle Management (PLM) Systems, AI tools for costing\nLeadership Competencies\nStrong business acumen, Analytical problem-solving, Strategic cost management, Influencing without authority, Cross-functional leadership, Effective ,Stakeholder management, Communication and presentation skills\nQualifications\nEducation\nBachelor's Degree in Industrial /Manufactruing Engineering/Finance/ Cost Accounting\nPreferred\nMBA (Finance/Operations)\nCost Management Certification\nLean Six Sigma Certification\nExperience\n18 ~20 yrs experience in:\nProduct Costing, Cost Engineering, Industrialization, Manufacturing Finance, NEW Product or Offer Development\nExperience in industrial, electrical distribution, busway, switchgear, automation, automotive, or manufacturing environments preferred.\nRewards designed for you\nOur Total Rewards is our way of saying: We see you and we value you. It’s more than just pay and benefits-it’s a meaningful investment in you. It is designed to help you perform, grow, feel safe, and elevate your potential. The package helps you care for yourself and your family, plan your future, grow your skills and career, collaborate in an inclusive workplace, and contribute to your community. At Schneider Electric, we’re here for what matters most to you. Discover more at our Career Page.\n* Country-specific programs and initiatives may be available.\n Looking to make an IMPACT with your career?\nWhen you are thinking about joining a new team, culture matters. At Schneider Electric, our values and behaviors are the foundation for creating a great culture to support business success. We believe that our IMPACT values - Inclusion, Mastery, Purpose, Action, Curiosity, Teamwork - starts with us.\nIMPACT is also your invitation to join Schneider Electric where you can contribute to turning sustainability ambition into actions, no matter what role you play. It is a call to connect your career with the ambition of achieving a more resilient, efficient, and sustainable world.\nWe are looking for IMPACT Makers; exceptional people who turn sustainability ambitions into actions at the intersection of automation, electrification, and digitization. We celebrate IMPACT Makers and believe everyone has the potential to be one.\nBecome an IMPACT Maker with Schneider Electric - apply today!\n€40 billion global revenue\n+9% organic growth\n150 000+ employees in 100+ countries\n\nYou must submit an online application to be considered for any position with us. This position will be posted until filled.\nSchneider Electric aspires to be the most inclusive and caring company in the world, by providing equitable opportunities to everyone, everywhere, and ensuring all employees feel uniquely valued and safe to contribute their best. We mirror the diversity of the communities in which we operate, and ‘inclusion’ is one of our core values. We believe our differences make us stronger as a company and as individuals and we are committed to championing inclusivity in everything we do. \nAt Schneider Electric, we uphold the highest standards of ethics and compliance, and we believe that trust is a foundational value. Our Trust Charter is our Code of Conduct and demonstrates our commitment to ethics, safety, sustainability, quality and cybersecurity, underpinning every aspect of our business and our willingness to behave and respond respectfully and in good faith to all our stakeholders. You can find out more about our Trust Charter here\n\nSchneider Electric is an Equal Opportunity Employer. It is our policy to provide equal employment and advancement opportunities in the areas of recruiting, hiring, training, transferring, and promoting all qualified individuals regardless of race, religion, color, gender, disability, national origin, ancestry, age, military status, sexual orientation, marital status, or any other legally protected characteristic or conduct.","description_format":"text","description_chars":7286,"description_truncated":false,"requirements":{"experience_years_min":null,"management_years_min":null,"team_size_min":null,"manages_managers":false,"education":{"level":"bachelor","optional":true},"security_clearance":false,"languages":[]},"benefits":[],"hiring_locations":[],"hiring_excludes":[],"relocation_offered":false,"industries":["Industrial Automation","Energy Management","Electrical Equipment & Cables"],"lifecycle":[{"event":"open","at":"2026-10-21T10:37:24Z"}],"visa":[],"liveness":{"score":12,"band":"cold","label":"Long shot","p_open":1,"p_active":0.416,"p_room":0.28,"age_days":93,"expected_fill_days":28,"reasons":["conf:2","stale_co","velocity","win:tail","crowd:brand"],"computed_at":"2026-10-23T05:54:15Z"},"pay":null,"html_url":"https://alion.io/job/schneider-electric-principal-costing-engineer","json_url":"https://alion.io/job/schneider-electric-principal-costing-engineer.json","meta":{"generated_at":"2026-10-24T04:18:42Z","cache_seconds":300,"methodology":"https://alion.io/methodology","terms":"https://alion.io/terms","contact":"https://alion.io/contact","api":"https://alion.io/developers","about":"Alion is a live layer of people, companies and AI agents: who they are, whether they are real and active right now, what they do and how to work with them, readable by people and by agents and paid per call.","catalog":"https://alion.io/catalog.json","usage":{"tier":"crawler_verified","counted_by":"address","units_charged":1,"used_today":6775,"day_limit":null,"remaining_today":null,"minute_limit":300,"resets_at":"2026-10-25T00:00:00Z"}},"offers":[{"id":"company.slices","title":"One company in depth, by slice","status":"live","price":{"credits":0.02,"usd":0.002,"plus_per_slice":{"credits":0.05,"usd":0.005}},"unit":"per company, plus each slice with data","note":"the employer in depth","call":{"mcp_tool":"get_company","arguments":{"id":1266},"rest":"https://alion.io/mcp/rest/get_company?id=1266"},"human":"https://alion.io/catalog?offer=company.slices&for=job%2Fschneider-electric-principal-costing-engineer"},{"id":"market.stats","title":"A market slice: pay, demand and time to fill","status":"live","price":{"credits":1,"usd":0.1},"unit":"per slice","note":"pay, demand and time to fill for this role and place","call":{"mcp_tool":"market_stats"},"human":"https://alion.io/catalog?offer=market.stats&for=job%2Fschneider-electric-principal-costing-engineer"},{"id":"job.search","title":"Open jobs by role, technology, place, pay and visa","status":"live","price":{"credits":0.02,"usd":0.002},"unit":"per posting in a list","note":"similar open postings","call":{"mcp_tool":"search_jobs"},"human":"https://alion.io/catalog?offer=job.search&for=job%2Fschneider-electric-principal-costing-engineer"},{"id":"company.verify","title":"Is this company real and active right now","status":"pilot","price":null,"unit":"per company","request":{"url":"https://alion.io/catalog/request","method":"POST","body":"{\"offer\": \"company.verify\", \"for\": \"job/schneider-electric-principal-costing-engineer\", \"note\": \"what you need it for\"}"},"human":"https://alion.io/catalog?offer=company.verify&for=job%2Fschneider-electric-principal-costing-engineer"}]}