Project Cost Out Lead

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

📋 Description

• Act as a vital link between the Sourcing department and Engineering/Product Design teams.

• Propel structural cost savings throughout the product lifecycle.

• Collaborate with Engineering and Commodity teams to incorporate cost control strategies into product and project development.

• Facilitate cross-functional workshops aimed at generating cost-saving ideas, such as material substitution, design simplification, and improvements in manufacturing processes.

• Oversee the complete execution of cost-reduction projects.

• Monitor progress, address risks, and guarantee that savings are realized and validated through the Profit & Loss statement.

• Employ Should-Cost modeling to determine target costs for components and assemblies.

• Offer data-driven insights during negotiations and design evaluations.

• Track and report on cost-reduction performance metrics, including project pipeline value, achieved savings, and margin enhancements.

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

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

• Create and standardize the cost-reduction process.

• Ensure consistent methodologies for identifying opportunities and validating financial outcomes.

• Deliver annualized savings, uphold project pipeline health, and enhance the accuracy of cost-reduction forecasting.

⛳️ Requirements

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

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

• Strong knowledge of manufacturing processes, including forgings, machining, investment casting, fabrication, and integrations.

• Proven capability to influence stakeholders at all levels, especially in resolving technical disputes between design specifications and cost limitations.

• Solid financial acumen and the ability to translate technical design modifications into tangible impacts on the Profit & Loss statement.

• Demonstrated success in managing complex, multi-stakeholder projects with strict deadlines and financial objectives.

• Master's degree in a technical or business field is preferred.

• 8+ years of sourcing experience within the power generation sector is preferred, particularly focused on plant equipment accessories (MSD, BOP, HRSG).

• Experience with lean tools, including A3, Value Stream Mapping (VSM), and problem-solving techniques.

• Strong quantitative and analytical abilities.

• Excellent written and verbal communication skills.

• Strong interpersonal and facilitation capabilities.

• Familiarity with SAP, Smartsheet, and Tableau.

• Legally authorized to work in the United States.

🏝️ Benefits

• Discretionary annual bonus.

• Medical coverage.

• Dental coverage.

• Vision coverage.

• Prescription drug coverage.

• Access to a Health Coach.

• Employee Assistance Program.

• GE Vernova Retirement Savings Plan.

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

• Company retirement contributions.

• Fidelity resources and financial planning consultants.

• Tuition assistance.

• Adoption assistance.

• Paid parental leave.

• Disability benefits.

• Life insurance.

• 12 paid holidays.

• Permissive time off.

• Remote work.