Project Cost Out Lead

This is a fully remote position, open to applicants in New York.

📋 Description

• Collaborate with Engineering and Commodity teams to embed cost control principles into product and project development.

• Facilitate cross-functional workshops aimed at generating cost-reduction strategies, such as material substitution, design simplification, and enhancements in manufacturing processes.

• Oversee the complete execution of cost-out projects.

• Monitor progress, manage risks, and confirm that savings are achieved and validated through the P&L.

• Apply Should-Cost modeling to set target costs for components and assemblies.

• Deliver data-driven insights during negotiations and design assessments.

• Track and report on cost-out performance metrics, including project pipeline value, realized savings, and improvements in margins.

• Maintain a dashboard to monitor project status and savings realization.

• Involve key suppliers in value engineering initiatives alongside the Sourcing team.

• Establish and standardize the cost-out process for consistent opportunity identification and financial validation.

• Attain annualized savings through cost-out initiatives.

• Ensure the health of the project pipeline and accurate forecasting for cost reductions.

⛳️ Requirements

• A Bachelor's degree from an accredited university or college in Engineering, Supply Chain, Finance, Business, or a related field; or substantial equivalent experience in sourcing, manufacturing engineering, value engineering, product costing, or procurement.

• Between 5 and 8+ years of experience in product costing, value engineering, procurement, or product design.

• Comprehensive understanding of manufacturing processes, including forgings, machining, investment casting, fabrication, and integrations.

• Demonstrated ability to influence stakeholders at all levels and to resolve technical discrepancies between design requirements and cost limitations.

• Strong financial knowledge and capacity to translate technical design modifications into measurable P&L effects.

• Proven success in managing intricate, multi-stakeholder projects with tight deadlines and financial objectives.

• Experience in sourcing for power generation products, ideally plant equipment accessories such as MSD, BOP, and HRSG.

• Familiarity with lean tools, including A3, VSM, and problem-solving techniques.

• Strong quantitative and analytical capabilities.

• Exceptional written and verbal communication skills.

• Strong interpersonal and facilitation abilities.

• Experience with SAP, Smartsheet, and Tableau.

• Legally authorized to work in the United States.

• Successful completion of a drug screen, if applicable.

🏝️ Benefits

• Discretionary annual bonus.

• Medical, dental, vision, and prescription drug coverage.

• Health Coach from GE Vernova, a 24/7 nurse-based resource.

• Employee Assistance Program providing 24/7 confidential assessment, counseling, and referral services.

• GE Vernova Retirement Savings Plan.

• Tax-advantaged 401(k) savings opportunity with company matching contributions.

• Company retirement contributions.

• Resources from Fidelity and financial planning consultants.

• Tuition assistance.

• Adoption assistance.

• Paid parental leave.

• Disability benefits.

• Life insurance.

• 12 paid holidays.

• Permissive time off.

• Opportunities for professional development.

• Relocation assistance is not provided.