Woodward is committed to creating a great workplace for all team members. Our company and its members are committed to acting with integrity, being respectful and accountable to one another, and staying humble and driven, while maintaining the highest professional and ethical standards.
We are steadfastly committed to attracting the best talent across our communities creating a rewarding workplace. Together we are fulfilling our purpose to design and deliver energy control solutions our partners count on to power a clean future.
Woodward supports our members' wellbeing and regularly benchmarks with other companies in our industry to offer an extensive Total Reward package for this position. Salary will be determined by the applicant's education, experience, knowledge, skills, and abilities, as well as internal equity and alignment with market data.
- Estimated annual base pay: $90,000(minimum) - $112,500(midpoint) - $135,000(maximum) All members included in annual cash bonus opportunity.
- 401(k) match (4.5%)
- Annual Woodward stock contribution (5%)
- Tuition reimbursement and Training/Professional Development opportunities for all members
- 12 paid holidays, including floating holidays.
- Industry leading medical, dental, and vision Insurance upon date of hire
- Vacation / Sick Time / Vacation Buy-up / Short Term Disability / Bereavement leave.
- Paid parental leave.
- Adoption Assistance
- Employee Assistance Program, including mental health benefits.
- Member Life & AD&D / Long Term Disability / Member Optional Life
- Member referral bonus
- Spouse / Child Optional Life / Optional AD&D / Healthcare and Dependent Care Flexible Spending
- Voluntary benefits, including:
- Home / Auto Insurance discounts
- Whole Life Insurance / Critical Illness Insurance / Legal Assistance / Military Leave
Are you ready to make your mark? If you're a Cost Engineer, we have an exciting opportunity for you. Cost Engineer will support Woodward, Inc. with the cost impact and direction of existing and new product designs, as well as any design proposal or change made to existing product(s). The individual will bring a wealth of manufacturing process and design knowledge to be able to influence the design of a product based on the cost analysis. This role will support the basis of developing the cost objectives and financial viability for new products as well as coordinating the development of product cost data with the various financial functions within the organization. The individual will be a resource for cost information for the entire organization (upper management, sourcing, marketing, sales, engineering, financial, manufacturing, etc). This position requires a low level of supervision.
What You Will Be Doing
- Interfaces with engineering, purchasing, manufacturing, and assembly and test to understand and communicate design to cost bill of material structure, cost requirements, and actions to be addressed by the project team.
- Performs cost analysis (aPriori) to identify potential cost reductions and recommend changes.
- Participates as a project team member in meetings and reviews, including PLC Gate meetings.
- Performs other product cost analysis and provides guidance as required.
- Provides Sourcing/Engineering/Manufacturing with Project/Product cost data as requested.
- Collaborates with designers and manufacturers to achieve desired cost objectives.
- Participates in cost reduction programs as required.
- Routinely updates management on status of projects.
- Supports company-wide Should Cost modeling program implementation.
- Provides direction and opportunities to manage, reduce, or control product costs based on data analysis, manufacturing, and process knowledge.
- Participates and supports the development and execution of One Woodward processes and procedures, and Continuous Improvement (CI) activities as required.
- Works to create and enhance costing and analysis tools and documentation guidelines to improve processes.
- Actively drive lean projects utilizing Six Sigma and lean tools.
- Provide DTC/CTC or other product cost related training to other Woodward members.
What We Are Looking For
- Bachelor's Degree in Arts/Sciences (BA/BS) Technical/engineering discipline or other combinations of education, training, or experience to perform essential job functions required.
- 5+ years' experience in a related field (Manufacturing, Manufacturing Engineering, Purchasing, Engineering) required.
- Basic project management skills.
- Good written and verbal communication skills. Ability to communicate effectively across all levels of the organization and excels in communicating with individuals and groups.
- Builds and maintains effective working relationships with internal and external stakeholders.
- Ability to step up to conflicts and seeing them as opportunities, while keeping an eye on overall objectives.
- Ability to effectively determine product target cost projections through data mining and the application of solid judgment.
- Solid PC skills including proficiency in MS Office, advanced knowledge using Excel. General knowledge and comfortable working with ERP systems.
- Demonstrates accuracy, thoroughness and organizational skill in performing work assignments.
- Capable of organizing and prioritizing multiple tasks.
- Basic understanding and experience with supplier negotiations.
- Able to read and understand blueprints, Engineering documentation, and Geometric Dimensioning & Tolerancing, etc.
- Working knowledge of Casting/Forging and Machining operations.
Application window is anticipated to close 30 days from original posting date.
This information is provided in compliance with the Colorado Equal Pay for Equal Work Act and is the company's good faith and reasonable estimate of the compensation range and benefits offered for this position. The compensation offered to the successful applicant may vary based on factors including experience, skills, education, location, and other job-related reasons.
This position requires use of information which is subject to the International Traffic in Arms Regulations (ITAR) and/or the Export Administration Regulations (EAR). All applicants must be U.S. Persons within the meaning of the ITAR and EAR, or eligible to obtain all required authorizations from the U.S. Department of State and/or the U.S. Department of Commerce. The ITAR defines a U.S. Person as a U.S. citizen or national, lawful permanent resident (i.e., 'Green Card holder'), or a protected person (e.g., asylee, or refugee).
Woodward is an Equal Opportunity Employer
EO/AA/M/F/Disabled/Protected Veterans
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Woodward, Inc.
life insurance, vision insurance, parental leave, paid holidays, sick time, short term disability, long term disability, tuition reimbursement, 401(k)
Mar 13, 2025