Cost Estimation Engineer

Date:  Sep 20, 2023

Murata Power Solutions is a leading provider of power conversion products that are sustainable and efficient. We are focused in two transformative technology, macro market segments; Server, Storage, Networking (SSN) and E-Mobility, including electric vehicles, robotics and energy storage. Ranked amongst the world’s top 5 suppliers of breakthrough power electronics, we design and manufacture the industry’s broadest offering of standard products and are a market leading designer of custom power solutions.

Well known for the quality of its products and workforce, we can provide you the opportunity to work with talented people and a management team focused on growth and the ongoing development of leading-edge technologies for many of the world’s major OEM’s.

Position Summary

This role will be responsible for the analyzing and producing various results based on data derived from company costs. This role is eligible for a hybrid schedule of 3 days in-office, 2 days work-from-home.

Job Duties/Responsibilities

  • Support the leadership team to interpret financial data to track against financial objectives
  • Partner with the broader Finance and business organization to build robust reporting tools 
  • Execute and analyze product costing with a focus on reducing waste and improving efficiency
  • Support sourcing decisions by creating financial analysis for total landed cost vs in-house manufacturing
  • Assist with costing analysis for new product business case preparation
  • Prepare and analyze monthly costing reports by department and category
  • Approve and assist with costing on new and existing products
  • Review, update, and maintain activity rates
  • Review company allocations
  • Analyze costs associated with BOMs and manufacturing routings and recommend adjustments
  • Analyze material, labor, and overhead costs to recommend cost-saving strategies
  • Assist Product Management in analyzing product profitability by manufacturing location, product, and customer.
  • Compare monthly actual results to budget and projections
  • Collaborate with cross-functional teams to lead process improvement initiatives.
  • Audit and analyze inventory to understand and support the remedy of inventory valuation deviations
  • Develop compelling dashboards and data visualizations to improve understanding of key business metrics

Experience Required

  •  Bachelor's degree in Industrial Engineering preferred or related field (including finance with a heavy background in manufacturing)
  • 6+ years of hands on experience in industrial engineering, process optimization, and cost analysis in a manufacturing environment
  • Demonstrates a thorough level of knowledge in cost accounting methods
  • Proven record of success in running and updating cost modeling systems 


Building and Supporting Teams
Communicating Effectively
Delivering High Quality Work
Evaluating and Implementing Ideas
Prioritizing and Organizing Work
Supporting Organizational Goals

Compensation Data

Compensation and Benefits:

Our benefit package is comprehensive and includes Medical Insurance; Dental Insurance; Vision Insurance; 401(K); Flexible Spending Accounts; Paid Vacation/Holidays; Short Term Disability; Long Term Disability; Tuition Reimbursement.

Nearest Major Market: Worcester