Industrial Cost Engineer m/f/d

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Industrial Cost Engineer m/f/d

Job Description

In this role, you have the opportunity to provide financial support for development projects through accompanying product price calculations in the development phases for consumer health products. Further you have opportunity to support multifunctional teams of various backgrounds by contributing to the optimization of value and cost across Philips

You are responsible for

  • Giving support in "Make-or-Buy-decisions" and decisions by the steering group as well as financial analysis of competitor products (i.e. reverse engineering)
  • Creating different business scenarios (i.e. landed cost calculation, total cost of ownership)
  • The usage of target costing/should costing to reach price targets
  • For financial impacts due to device modifications
  • Controlling of capital expenditures accumulated in projects; responsible for @investor requests
  • Supporting price reductions during the life cycle of the product; doing regular cost optimizations of products
  • For product management and commercial departments
  • Contributing in supplier selection and assessment by looking at the financial key data;
  • Facilitating to reach purchasing efficiency targets

To succeed in this role, you should have the following skills and experience

  • Business administration and/or Engineering (mechanical, electrical) - University degree (Master or Bachelor)
  • English (fluent in spoken and written)
  • MS office skills / Excellent Excel skills
  • Enthusiastic, highly motivated, team player
  • Hands on mentality in combination with creative mindset - ability to inspire those around you
  • Well organized, able to prioritize, ability to see the big picture
  • Basic financial insight and feeling for "numbers" on one side and technical knowledge on the other side and able to determine cost prices of different type of parts/products
  • Analytical skills

You are part of the Industrial Cost Engineer Team in Klagenfurt and you will work in close cooperation with the Innovation & Development Team and proactively with the Finance Business Partners.

In return, we offer you the opportunity to join a dynamic, multi-cultural and innovative environment which is offering numerous opportunities for personal growth and professional evolution.

At Philips, you will find people who share your passion for delivering innovative solutions that will improve the life of people around the world.

The minimum yearly salary is equal to EUR 45.920- / gross with willingness to overpay. The actual annual income is commensurate with the market, your qualifications, and experience

Why should you join Philips?

Working at Philips is more than a job. It's a calling to create a healthier society through meaningful work, focused on improving 3 billion lives a year by delivering innovative solutions across the health continuum. Our people experience a variety of unexpected moments when their lives and careers come together in meaningful ways. Learn more by watching this video.

To find out more about what it's like working for Philips at a personal level, visit the Working at Philips page on our career website, where you can read stories from our employee blog. Once there, you can also learn about our recruitment process, or find answers to some of the frequently asked questions


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