Expert Target Costing

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What we offer:
At Magna, you can expect an engaging and dynamic environment where you can help to develop industry-leading automotive technologies. We invest in our employees, providing them with the support and resources they need to succeed. As a member of our global team, you can expect exciting, varied responsibilities as well as a wide range of development prospects. Because we believe that your career path should be as unique as you are.
Group Summary:
Transforming mobility. Making automotive technology that is smarter, cleaner, safer and lighter. That's what we're passionate about at Magna Powertrain, and we do it by creating world-class powertrain systems. We are a premier supplier for the global automotive industry with full capabilities in design, development, testing and manufacturing of complex powertrain systems. Our name stands for quality, environmental consciousness, and safety. Innovation is what drives us and we drive innovation. Dream big and create the future of mobility at Magna Powertrain.
Job Responsibilities:
Mission of the Position:
The Expert, Target Costing is responsible for developing the target cost for specific products and analyze Customer or Product Management Targets. In this role he/she defines realistic "allowable" costs on product / sub-system (level). He/she works closely with the related Product Manager and Product Line Manager to follow mid- and long-term planning of the quote activities to achieve competitiveness of the group.
Breakdown of target price (either from Product Manager or from Sales) into assignable categories
based on best practices & competitive intelligence.
Enable quicker and more efficient quote activities through competitive intelligence on costs.
Provide the quoting team with clear assumptions on what drives the target cost and categories with the intention to increase the ability to take calculated risks and reduce the non-value add firm design and quoting activities before GPMS gate 0.
Ensure a design-to-cost (DtC) mindset.
Key Responsibilities:
TRANSPARENT MARKET INFORMATION

• Collaborate with Product Management, Product Engineering, and Sales to collect customer and competitive feedback on cost for products, sub-systems, and sub system functions.
• Organize joined reviews on customer and competitive feedback

BENCHMARKING OF PRODUCT FUNCTIONS and SUBSYSTEMS

• Define realistic "allowable" part and investment costs on product and sub-system level, based on best practices & competitive intelligence.
• Manage and maintain "Best practice cost" database based on above responsibility
  and collaborate with partner functions.
• Partner with cost engineers to derive the correct part price targets from the subsystem models
  and support the creation of cost models with benchmark and other analysis.

WORLD CLASS DESIGN

• Support VAVE / cost down workshops in quoting phase.
• Drive design to cost and design to value activities.
• Support development / improvement of (standard) product architecture in collaboration
  with product line manager.
• Support DFM / DFA activities and ensure that input from advanced manufacturing engineering (AME) and manufacturing strategy is included in best cost architecture.

WORLD CLASS MANUFACTURING

• Apply best practice knowledge on manufacturing processes/technologies.
• Work closely with AME to ensure optimized capital and lean manufacturing.
• Define the need for new manufacturing technologies and drive resolution through
  partnership with innovation and AME.

TOOLS and METHODS

• Challenge and guide the serial quotation teams by target setting at quote kickoff stage
  with clear information on assumptions.
• Continuous improvement of the target costing methods / tools.

HEALTH & SAFETY RESPONSIBILITIES:

• Understand applicable Environmental, Health & Safety policies and procedures in the workplace.
• Report unsafe conditions immediately.
• Report injuries, accidents, illnesses, near misses, property damage immediately.
• Follow safety rules.
• Comply with requirements for the use or operation of machines or equipment.
• Comply with Personal Protective Equipment (PPE) requirements.

Customers and Business Interfaces:

• Product Management
• Product Engineering
• Sales
• Cost Engineering
• Purchasing
• Electrification
• Product Line Management
• Program Management

Requirements and Qualifications:

• Must possess a combined 6 years of relevant experience along with a verifiable record of results in cost down disciplines within the automotive industry.
• Strong technical background that may include knowledge of powertrain systems & components (including 4WD/AWD, transmissions, electrification).
• Experience in manufacturing engineering or plant operations environment is preferred.
• Experience working across regions and levels in the organization.
• Experience in the product design process related to its impact on product costs.

Health & Safety/Magna Standards/Additional Requirements:

• Practice and maintain integrity while following Magna's Charter and Constitution.
• Follow Magna's Code of Conduct and Ethics and related compliance policies.
• Supports and adheres to policies, procedures, and operational guidelines related to established quality management system (IATF 16949).
• Drive the development of new technologies to improve quality, efficiency and reduce cost.
• Comply with safety policies and procedures to ensure duties of self are performed in a safe manner.
• Health & Safety responsibilities:
  • Understand applicable Environmental, Health & Safety policies and procedures in the workplace.
  • Report unsafe conditions immediately.
  • Report injuries, accidents, illnesses, near misses, property damage immediately.
  • Follow safety rules.
  • Comply with requirements for the use or operation of machines or equipment.
  • Comply with Personal Protective Equipment (PPE) requirements.
• Create a positive work environment by demonstrating and sharing functional/technical knowledge.
• Develop and maintain a responsive and cooperative working relationship with internal and external customers.
• Treat everyone with dignity, trust and respect.
• Complete additional duties and responsibilities as assigned.

The above is intended to describe the general content of and the requirements for the performance of this position. It is not to be construed as an exhaustive statement of duties, responsibilities, or requirements.
This job description reflects the core elements of a position. There may be additional requirements based on local laws and regulations which could be attached as an addendum.
Work Environment:
Office environment; 10-20% travel required.
While working in this environment, the employee will be exposed to machinery, moving equipment and material, moderate noise, airborne particles, fumes and various levels of temperature created by manufacturing processes.
Awareness, Unity, Empowerment:
At Magna, we believe that a diverse workforce is critical to our success. That's why we are proud to be an equal opportunity employer. We hire on the basis of experience and qualifications, and in consideration of job requirements, regardless of, in particular, color, ancestry, religion, gender, origin, sexual orientation, age, citizenship, marital status, disability or gender identity. Magna takes the privacy of your personal information seriously. We discourage you from sending applications via email or traditional mail to comply with GDPR requirements and your local Data Privacy Law.
Worker Type:
Regular / Permanent
Group:
Magna Powertrain