Infrastructure Cost Engineer

About Samsung Austin Semiconductor
Samsung is a world leader in advanced semiconductor technology, founded on the belief that the pursuit of excellence creates a better world. At Samsung Austin Semiconductor, we are Innovating Today to Power the Devices of Tomorrow. 

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Position Summary

The Cost Engineer will be responsible for managing, analyzing, and optimizing Infrastructure operational expenses (OPEX) and tool hook-up costs at Samsung Austin Semiconductor. This position will provide financial and cost engineering support to Infra operating departments by developing cost estimates, monitoring budgets, analyzing expenditures, improving forecasting accuracy, and identifying cost optimization opportunities.

The role will work closely with engineering, construction, procurement, finance, and operational teams to ensure effective financial management, cost transparency, and disciplined execution of cost-saving initiatives while supporting operational requirements and business objectives.

Role and Responsibilities

Here's What You'll Be Responsible For:

• Support the development, management, and control of annual Infra OPEX and tool hook-up budgets.
• Monitor actual spending, commitments, purchase orders, accruals, and remaining budget.
• Analyze budget variances, identify spending risks, and coordinate corrective actions with operating departments.
• Support monthly, quarterly, and annual budget planning and forecasting activities.
• Develop and maintain cost estimates, cost models, and historical cost benchmarks for Infra projects and operational activities.
• Analyze cost drivers, labor, materials, equipment, contractor pricing, and service costs.
• Identify opportunities to improve cost efficiency without compromising safety, quality, or operational reliability.
• Track and validate realized savings against approved targets and ensure savings translate into actual financial results.
• Drive continuous improvement through cost benchmarking, process optimization, and best-practice sharing.
• Prepare monthly cost reports, management dashboards, and financial performance analyses.

Skills and Qualifications

Here's What You'll Need:

Education, Training, Certification(s) and Minimum # Years Required:

• Bachelor's degree in Industrial Engineering, or other related Engineering.
• Minimum 6 years of relevant experience in cost engineering, cost management, financial analysis, project controls, or budgeting.
• Strong analytical and problem-solving skills with the ability to interpret complex financial and operational data.
• Experience managing budgets, analyzing expenditures, monitoring variances, and supporting financial forecasts.
• Ability to work directly with technical and operational teams to gather information, challenge assumptions, and drive cost improvements.
• Strong communication, organization, and presentation skills.
• Ability to manage multiple priorities and meet reporting deadlines in a fast-paced manufacturing or construction environment.

Knowledge, Skills, Abilities, Software, and Tools:

• Strong understanding of cost engineering principles, budgeting, financial controls, and cost management methodologies.
• Knowledge of OPEX management, cost estimating, forecasting, variance analysis, and financial reporting.
• Ability to analyze large datasets, identify cost trends, and translate financial information into actionable recommendations.
• Understanding of procurement processes, purchase orders, contracts, change orders, and invoice management.
• Knowledge of construction and tool hook-up cost structures, including labor, materials, equipment, and contractor services.
• Strong financial and analytical mindset with attention to detail and accuracy.
• Ability to independently investigate cost variances and identify root causes.
• Ability to challenge existing cost structures and identify opportunities for financial improvement.
• Strong business acumen to balance cost optimization with operational priorities.
• Ability to influence stakeholders and drive accountability across multiple operating departments.
• Excellent communication and presentation skills, including the ability to present financial information to management.
• Strong collaboration and relationship-building skills across technical and non-technical organizations.
• Ability to work independently, manage competing priorities, and deliver results with minimal supervision.
• Proactive approach to problem-solving, continuous improvement, and process standardization.
• Advanced Microsoft Excel skills, including pivot tables, financial modeling, and data analysis.
• Strong PowerPoint skills for management reporting and executive presentations.
• Experience with SAP or other ERP systems for budget tracking, purchasing, and financial reporting.
• Experience with Power BI, Tableau, or similar data visualization and reporting platforms.
• Familiarity with project cost management, forecasting, and data analytics tools.
• Ability to leverage digital solutions and automation to improve cost tracking and reporting efficiency.

The current base salary range for this role is between $106,000 - $145,000. Individual base pay rates will depend on factors including duties, work location, education, skills, qualifications and experience. Total compensation for this position will include a competitive benefits package and may include participation in company incentive compensation programs, which are based on factors to include organizational and individual performance.

Total Rewards
At Samsung Austin Semiconductor, base pay is just one part of our total compensation package. The base compensation for this role will depend on education, experience, skills, and location.

We offer a comprehensive benefits package, including:

• Medical, dental, and vision insurance
• Life insurance and 401(k) matching with immediate vesting
• Onsite café(s) and workout facilities
• Paid maternity and paternity leave
• Paid time off (PTO) + 2 personal holidays and 10 regular holidays
• Wellness incentives and MORE
   

Eligible full-time employees (salaried or hourly) may also receive MBO bonuses based on company, division, and individual performance.

All positions at Samsung Austin Semiconductor are full-time on-site.

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