Emerson Electric

Builds industrial automation tools and software

Cost Modeling Engineer

Corporate Finance & FP&AConfirmed live in the last 24 hours

Full-timeElyria, OH, USANo salary listed

About the Job

Requirements

A bachelor's degree in Engineering, Supply Chain, Finance, Business, or a related field is required.
At least 7 years of experience in sourcing, cost engineering, manufacturing finance, or related roles within an industrial or manufacturing environment is required.
Demonstrated expertise in should-cost methodology, clean-sheet costing, and supplier cost analysis is required.
A strong understanding of manufacturing processes, materials, and operations cost structures is required.
The candidate must be able to influence sourcing outcomes and negotiations through data-driven insights.
Advanced analytical skills and proficiency in system-based cost modeling are required.
The candidate must be able to translate complex cost data into clear recommendations for senior leadership.
Legal authorization to work in the United States is required; sponsorship will not be provided.

Responsibilities

Lead development and ownership of should-cost and could-cost models for key commodities, suppliers, and product programs, including material, labor, overhead, and process assumptions.
Partner with Strategic Sourcing to support supplier negotiations, requests for quotations, and contracting activities through fact-based cost analysis and total cost of ownership assessments.
Identify cost drivers and improvement opportunities across the supply base, supporting cost-reduction initiatives, productivity improvements, and margin expansion.
Collaborate with Engineering and Operations to validate process assumptions, manufacturing routings, and design-for-cost opportunities.
Provide cost impact analysis for total cost of ownership on sourcing decisions, supplier changes, volume shifts, and engineering changes.
Track and report cost performance versus targets, including variance analysis and recovery actions.
Support make-versus-buy evaluations, supplier benchmarking, and clean-sheet costing exercises.
Act as the sourcing cost authority for assigned programs, ensuring alignment between cost models, negotiated outcomes, and financial commitments.
Contribute to continuous improvement of costing tools, methodologies, and sourcing analytics capabilities.
Perform other duties as assigned.

Desired Qualifications

Experience with enterprise resource planning and sourcing systems is preferred.

The Program Cost Manager is a senior-level individual contributor within the Sourcing organization, responsible for leading should-cost and could-cost modeling to inform sourcing strategies, supplier negotiations, and cost reduction initiatives across assigned product programs. This role serves as the primary cost subject matter expert for direct material spend to support manufacturing facilities enabling fact-based sourcing decisions and disciplined cost management throughout the product lifecycle.

In This Role, Your Responsibilities Will Be:

Lead development and ownership of should-cost and could-cost models for key commodities, suppliers, and product programs, including material, labor, overhead, and process assumptions.
Partner with Strategic Sourcing to support supplier negotiations, RFQs, and contracting activities through fact-based cost analysis and total cost of ownership assessments.
Identify cost drivers and improvement opportunities across the supply base, supporting cost-out initiatives, productivity improvements, and margin expansion.
Collaborate with Engineering and Operations to validate process assumptions, manufacturing routings, and design-for-cost opportunities.
Provide cost impact analysis for total cost of ownership on sourcing decisions, supplier changes, volume shifts, and engineering changes.
Track and report cost performance versus targets, including variance analysis and recovery actions.
Support make-versus-buy evaluations, supplier benchmarking, and clean-sheet costing exercises.
Act as the sourcing cost authority for assigned programs, ensuring alignment between cost models, negotiated outcomes, and financial commitments.
Contribute to continuous improvement of costing tools, methodologies, and sourcing analytics capabilities.
Other duties as assigned.

Who you are:

You use financial analysis to generate, evaluate, and act on strategic options and opportunities. You push yourself and help others achieve results. You adjust communication content and style to meet the needs of diverse stakeholders.

For This Role, You Will Need:

Bachelor’s degree in Engineering, Supply Chain, Finance, Business, or related field.
7+ years of experience in sourcing, cost engineering, manufacturing finance, or related roles within an industrial or manufacturing environment.
Demonstrated expertise in should-cost methodology, clean-sheet costing, and supplier cost analysis.
Strong understanding of manufacturing processes, materials, and operations cost structures.
Proven ability to influence sourcing outcomes and negotiations through data-driven insights.
Advanced analytical skills with proficiency in system-based cost modeling; ERP and sourcing system experience preferred.
Strong communication skills with the ability to translate complex cost data into clear recommendations for senior leadership.
Proven success in cross functional collaborative environments
Periodic overnight travel of 10+% will be required
Legal authorization to work in the United States - sponsorship will not be provided for this role.

Our Culture & Commitment to You:

At Emerson, we prioritize a workplace where every employee is valued, respected, and empowered to grow. We foster an environment that encourages innovation, collaboration, and diverse perspectives—because we know that great ideas come from great teams. Our commitment to ongoing career development and growing an inclusive culture ensures you have the support to thrive. Whether through mentorship, training, or leadership opportunities, we invest in your success so you can make a lasting impact. We believe diverse teams, working together are key to driving growth and delivering business results.

We recognize the importance of employee wellbeing. We prioritize providing flexible, competitive benefits plans to meet you and your family’s physical, mental, financial, and social needs. We provide a variety of medical insurance plans, with dental and vision coverage, Employee Assistance Program, 401(k), tuition reimbursement, employee resource groups, recognition, and much more. Our culture offers flexible time off plans, including paid parental leave (maternal and paternal), vacation and holiday leave.

Learn more about our Culture & Values.

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About the Company

Emerson Electric

Builds industrial automation tools and software

Emerson Electric builds automation equipment and software for organizations that operate factories, utilities, and industrial facilities. Its instruments measure conditions such as pressure and flow, while valves, controllers, and software help operators regulate processes and track equipment performance. DeltaV manages industrial control systems, and the company also develops test and measurement tools used to validate electronic products. Customers pay for equipment, software licenses, and services that support installation, maintenance, and operation across a plant's life. Emerson was founded in 1890 and is headquartered in Clayton, Missouri, in the St. Louis area.

Company size: 10,001+
Company stage: IPO
Headquarters: Clayton, MO
Founded: 1890

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