Cost Engineer

Job Summary:

We are seeking a highly skilled Cost Engineer to join our team at INEOS. As a Cost Engineer, you will be responsible for leading the business in cost management and recovery processes, including negotiations with suppliers and third-party vendors.

Key Responsibilities:

• Process Owner for Cost Engineering on Field Topics
• Gather and consolidate costs related to field measures from various departments across locations worldwide
• Collaborate with Engineering, Supplier Quality, Plant Quality, After-Sales, Regional After Sales Teams, Quality, Purchasing and other Teams for accurate cost information
• Identify opportunities for cost recovery related to supplier and ESP issues
• Lead and guide teams for collecting and documenting evidence on costs
• Provide financial analysis and insights to drive cost efficiency
• Initiate charge back from suppliers and ESPs aligned with Purchasing and Finance

Reporting & Monitoring:

• Responsible to define a strategy, implement and improve processes and IT systems for easy cost collection incl. evidence in cross-functional teams across all locations
• Collect and analyze cost data and generate detailed reports for cost collection
• Track expenditures related to field actions and recalls against budget
• Develop and implement cost control processes and best practices
• Ensure compliance with company policies, industry regulations, and quality standards

Committees & Decision Making:

• Participate in meetings and committees focused on field actions and recalls
• Engage in cross-functional communication and collaboration
• Facilitate the implementation of cost control measures and financial strategies

Business Contribution:

• Ensure proper processes and documentation to support smooth negotiations with suppliers on cost recovery (efficiency)
• Achieve high supplier charge back acceptance rates in collaboration with purchasing
• Escalate on time for fast decision making to reduce "incident/claim to cost-recovery-cycle" (lead time)

Requirements:

• Technical degree in economics, accounting, finance or similar studies
• Experience in Quality Management and in Automotive Industry, preferably in the area of field Quality
• 5-7 years of experience in cost management and cost recovery processes incl. negotiations with 3rd parties
• Strong understanding of field actions, recalls, and the associated cost management
• Proficient in financial analysis and reporting
• Excellent analytical and problem-solving skills
• Ability to work effectively in a cross-functional team environment
• Strong communication and interpersonal skills
• Detail-oriented with a high level of accuracy
• Proficiency and Microsoft Office Suite (Excel, PowerPoint, Word)
• High team skills and cross-functional leadership skills
• High empathy and very good communication skill, motivation skill and enthusiastic capacity – ability to adapt to diverse people and situations
• Very good English skills