# Cost Planning Principal Engineer

**Company**: American Honda Motor Company
**Location**: Raymond, Ohio
**Work arrangement**: onsite
**Experience**: senior
**Job type**: full-time
**Salary**: $101,100 - $126,300
**Category**: Engineering
**Industry**: Automotive
**Wikidata**: https://www.wikidata.org/wiki/Q4744011

**Apply**: https://careers.honda.com/us/en/job/12177/Cost-Planning-Principal-Engineer?utm_source=yubhub.co&utm_medium=jobs_feed&utm_campaign=apply
**Canonical**: https://yubhub.co/jobs/job_4d0f73ea-399

## Description

We are seeking a Cost Planning Principal Engineer to join our team at American Honda Motor Company in Raymond, Ohio. The successful candidate will play a critical role in determining the cost competitiveness of part/system designs and identifying opportunities for cost reduction and optimization.

**Job Purpose** The Cost Planning Engineer will have a deep understanding of the Design Category's cost situation, identify concerns with cost accuracy or efficiency, and suggest options for cost reduction and optimization. The ideal candidate will have a strong technical background to understand the cost drivers and judge the reasonableness of cost/investment in a given part or system.

**Key Accountabilities**

- Demonstrate expertise in generating accurate cost estimates from given part characteristics and manufacturing processes

- Regularly consult with Design, Purchasing, and Supplier teams to understand the latest application of technology and purchasing strategies and their impact on cost

- Utilize experience, logic, and comparative analysis to generate proposals for design cost optimization

- Verify the reasonableness of cost targets received and raise awareness if targets cannot be logically validated

- Lead cost discussion events and provide leadership and guidance at each event

- Summarize results and report them at the Group Maru-Q event

**Qualifications, Experience, and Skills**

- Bachelor's level academic degree in a STEM field

- At least 8 years of experience combining product development and design team leadership

- Technical expertise in part materials and manufacturing processes

- Ability to determine if a design is optimized for cost/investment, especially in the areas of chassis and testing

- Knowledge of basic use of CATIA, Microsoft Excel, and PowerPoint for analysis, reporting, and presentation

- Ability to work well in a team setting or independently in a fast-paced environment

- Automotive industry experience is an asset

**Total Rewards**

- Competitive base salary ($101,100 - $126,300 per year)

- Paid overtime

- Regional bonus (when applicable)

- Industry-leading benefit plans (medical, dental, vision, Rx)

- Paid time off, including vacation, holidays, shutdown

- Company-paid short-term and long-term disability

- 401K plan with company match + additional contribution

- Relocation assistance (if eligible)

**Career Growth**

- Advancement opportunities

- Career mobility

- Education reimbursement for continued learning

- Training and development programs

## Skills

### Required
- CATIA
- Microsoft Excel
- PowerPoint
- cost estimation
- design optimization

### Nice to have
- automotive industry experience
- product development
- design team leadership

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Source: [Apply at careers.honda.com](https://careers.honda.com/us/en/job/12177/Cost-Planning-Principal-Engineer?utm_source=yubhub.co&utm_medium=jobs_feed&utm_campaign=apply)