Costing Engineer

Terex Corporation is a diversified global manufacturer operating in two business segments: Terex Aerial Work Platforms and Terex Materials Processing. Terex manufactures a broad range of equipment for use in various industries, including the construction, infrastructure, quarrying, mining, shipping, transportation, refining, energy and utility industries. 

Our Materials Processing segment consists of five product lines: Powerscreen®, Terex® Minerals Processing Systems and Terex® Mobile Processing Equipment, Terex® Washing Systems and Terex® Environmental Equipment. We have manufacturing facilities in Europe, North America and Asia producing a broad range of tracked, static and modular crushing, screening, washing and wood processing equipment.

The Centre of Excellence for Crushing Technology is based at our Coalville facility and the crusher parts are utilized in 4 of our product lines.

We have a worldwide reputation for manufacturing excellence, product innovation, and customer support. More information on Terex can be found at www.terex.com

Working with the relevant design, manufacturing and purchasing teams and reporting to the Terex Engineering Manager for Crushing chambers, the jobholder will be responsible for providing full cost analysis of each new and existing machine. The jobholder will also be required to identify and execute significant cost down opportunities in fabricated assemblies, bought-in components and machine build efficiencies.

Main Duties & Responsibilities

• Full cost analysis of existing products including standard Bills of Material, standard and non-standard options
• Support new product development with costing analysis
• Cost analysis / target pricing on all new and modified products
• Provide forecasted costs for all machines using established costing templates
• Creation of standard component engineering / cost libraries
• Analyse and compare welding fabrications with regard to new designs
• Review all sub-assemblies in terms of materials and labour costs
• Work with the manufacturing and finance teams to identify sectional BoMs
• Will be a key driver in cost down projects in the department.
• Support Product Managers in generating pricing, Price Book updates as needed
• Analysis of Purchase Price Variance and maintain cost trackers
• Identify opportunities for value engineering or process efficiencies within existing as well as new product
• Support the engineering team as requested by the engineering manager

Experience & Qualifications:

• 3rd Level Engineering degree or evidence of equivalent
• Proven experience of machine cost analysis
• Proven ability to manipulate data and generate cost models
• Experience of Crushing and Conveying equipment would be a distinct advantage
• Strong computer skills especially MS excel
• Strong planning and execution skills
• The ability to prioritise work and thrive in a fast moving business to meet tight deadlines
• Good English communication skills, both written and spoken
• Good Presentation and interpersonal skills
• Global outlook and exposure to different challenges & cultures

Knowledge, Skills and Abilities:

• Self motivated and high energy
• Ability to work within a team
• Ability to work in an environment that is fluid with constantly changing priorities
• Negotiation skills
• Customer focus
• Action Orientation
• Excellent verbal and written skills
• Ability to influence at all levels
• Highest level of integrity, honesty and trust
• Business Acumen, Drive for results, Excellent listening skills, Perseverance

The above description is non-exhaustive and there may be additional duties in accordance with the role.

The successful candidate will receive an attractive salary plus extensive benefits package, including pension, life assurance, and much more as you would come to expect from a global employer. You will also have the benefit of picking hours to suit your lifestyle (Within core hours).

All applicants must demonstrate through their application form, how they meet the criteria for the position applied for.

Terex is an equal opportunity employer and appointments are based on merit. We value diversity and welcome applications from all sections of our community.