What are the responsibilities and job description for the Value & Cost Engineering Leader position at Itron, Inc.?
Itron is innovating new ways for utilities and cities to manage energy and water. We create a more resourceful world to protect essential resources for today and tomorrow. Join us.
Itron is seeking a skilled cost analyst to assess and optimize product costs, communicate findings to teams and management, and collaborate on cost-reduction initiatives. The role involves analyzing cost factors and their impact on business objectives while maintaining strong internal relationships across departments.
Roles & Responsibilities
Work alongside manufacturing leads as well as product managers, finance, procurement, R&D, and PMO to evaluate, scope, and calculate existing product costs within established pricing and cost guidelines.
Ensure that timelines, cost, and quality expectations are met, inclusive of all necessary documentation.
Lead Global Operations make vs. buy analyses, decisions, and existing product cost studies.
Lead EMS cost savings contractual project execution with suppliers, manufacturing, and procurement.
Participate on cross-functional teams that help increase production and reduce costs.
Develop costing models that identify and drive improved cost projections and accuracy.
Work with multifunctional teams on cost savings projects.
Update and modify parts, evaluate vendors, and reduce costs for existing products after launch.
Participate in root cause investigations, corrective actions, process improvements, product testing and qualification, and product improvement initiatives.
Work with all functions to identify cost reduction projects. Use Lean tools to identify and implement these savings. Work with the NPI multi-functional team to implement identified cost savings into new products.
Create a closed-loop system to implement factory improvements into existing products to realize desired cost savings and efficiencies.
Collaborate with other engineering stakeholders and customers on problem-solving and continuous improvement of equipment and product designs, and may develop corrective and preventive action plans.
Required Skills and Experience
Proven experience in cost analysis, product costing, and cost reduction initiatives.
Strong knowledge of Lean tools and methodologies.
Experience working with cross-functional teams, including manufacturing, procurement, and R&D.
Ability to lead make vs. buy analyses and execute cost savings projects.
Strong problem-solving skills and experience with root cause investigations and corrective actions.
Proficiency in developing and managing costing models to improve cost projections and accuracy.
Ability to manage project timelines, costs, and quality expectations effectively.
Preferred Skills and Experience
Experience in EMS (Electronics Manufacturing Services) cost savings and contractual project execution.
Familiarity with New Product Introduction (NPI) processes and integrating cost savings into new products.
Experience in vendor evaluation and post-launch cost reduction.
Strong communication and collaboration skills, with experience in working closely with various stakeholders such as product managers, finance, and procurement.
Knowledge of continuous improvement practices and the ability to implement factory improvements to realize cost savings.
Education : B.S. or M.S. with 7 years of industry experience, having a primary background in electrical, mechanical or industrial engineering .
Physical Demands : This is a typical office job, with no special physical requirements or unusual work environment.
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Itron is committed to building an inclusive and diverse workforce and providing an authentic workplace experience for all employees. If you are excited about this role but your past experiences don't perfectly align with every requirement, we encourage you to apply anyway. In the end, you may be just who we are looking for!
The successful candidate's starting salary will be determined based on permissible, non-discriminatory factors such as skills and experience.
Itron is proud to be an Equal Opportunity, Affirmative Action Employer. If you require an accommodation to apply, please contact a recruiting representative at 1-800-635-5461 or email Accessibility@itron.com.
Itron enables utilities and cities to safely, securely and reliably deliver critical infrastructure solutions. We provide smart networks, software, services, meters, and sensors to better manage electricity, gas, water and city services. We are dedicated to creating a more resourceful world.
