Cost Engineer

🔒 Confidential Employer
Posted 21 March 2026
LOCATION
Solihull
TYPE
Full-time
LEVEL
Mid-Senior level
CATEGORY
Manufacturing
This employer holds a UK Home Office sponsor license — sponsorship for this specific role is at the employer’s discretion

SKILLS

Cost Engineering Product Costing Manufacturing Processes Engineering Drawings BOMs Automotive Cost Optimization Supplier Negotiations

FULL DESCRIPTION

Job Reference: 1650418

Posted on behalf of

[Employer hidden — view at passion-project.co.uk] Ltd

We are currently looking for a Cost Engineer, to join a leading vehicle manufacturer based in the UK. This role will play a key part in ensuring accurate product costing, validating supplier quotations, and driving continuous cost optimisation across new and existing vehicle programmes.

The Cost Engineer will:

  • Prepare should‑cost calculations and cost estimates to validate supplier quotations for technology parts and build‑to‑print components.
  • Support cost negotiations in collaboration with the Purchasing team.
  • Provide target cost estimates and evaluations throughout new product development.
  • Analyse material costs, tooling investments, and assembly costs.
  • Set up and maintaining foreign exchange and raw‑material commodity indexation matrices.
  • Support make‑versus‑buy assessments, sourcing strategies, and supplier negotiations.

The Cost Engineer will have:

  • A bachelor’s degree in Mechanical, Industrial, Automotive, or Manufacturing Engineering.
  • 7+ years’ experience in cost engineering, product costing, or should‑costing.
  • Experience within automotive, motorsport, aerospace, or premium/complex manufacturing.
  • Strong knowledge of machining, casting, forging, composites, and related manufacturing processes.
  • The ability to read engineering drawings, BOMs, and technical specifications.
  • Strong analytical capability and excellent attention to detail.

This role offers the opportunity to take a key position within a highly respected engineering organisation, influencing cost strategy across innovative and premium vehicle programmes. If this opportunity sounds like a good fit, please apply online and a member of our team will be in touch!

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