Product Cost Engineer, Reality Labs Product Operations

Be part of building new, innovative hardware that radically redefines the way people work, play, and connect! As a Product Cost Engineer at Meta Reality Labs, you will manage all aspects of the financial health of your product from early ideation and design stages all the way through the end of life of the product. You will team up cross-functionally with Operations, Engineering, Product Management, Sourcing, Finance and Contract Manufacturing teams to drive the product budget and supply chain continuity. You’ll influence product architecture by supporting the cross-functional teams’ decision making through trade-off analysis. In collaboration with cross-functional stakeholders, you will establish and refine product cost targets from early development stages.Product Cost Engineer, Reality Labs Product Operations Responsibilities

Support cross functional teams in active reporting and management of Total Cost per Unit including Materials, Capital Expenditures, Manufacturing Value Add (MVA), Warranty, Freight and others

Develop cost models to support cost and product category boundary decisions

Use cost models to drive supply chain and scalability strategies

Use your technical expertise to drive engineering and the supply chain team to meet program cost targets at a product and commodity level for your project

Engage Hardware teams at a technical level to identify and drive cost reduction opportunities

Track program actual costs versus targets to identify deltas and come up with corrective actions to bring the costs back on track

Outline, report and track all risks & opportunities related to product cost and drive them to closure

Lead cross-functional cost reviews to report actual versus target costs and risks and opportunities for your program

Actively participate in cross functional reviews to understand cost implications of operational, engineering and/or process changes

Work with both Sourcing and Engineering to align on Supplier Plan of Record (SPOR) to ensure low cost and stable supply

Ensure that best practices for cost management are shared across different teams

Help create scalable processes documenting some of the best practices in the organization

BS in Electrical Engineering, Mechanical Engineering, Manufacturing & Operations Engineering or equivalent experience

5+ years of experience in product cost management with hardware technology products

Experience with Operations and Supply Chain with demonstrated effective communication skills

Experience adjusting to different communication styles and balancing non-cost variables

Experience problem solving and experience with analytics

Master’s degree

8+ years of experience in product cost management roles in hardware technology products

Background in Finance, Sourcing, or Engineering

Minimum QualificationsPreferred Qualifications For those who live in or expect to work from California if hired for this position, please click here for additional information. About Meta Meta builds technologies that help people connect, find communities, and grow businesses. When Facebook launched in 2004, it changed the way people connect. Apps like Messenger, Instagram and WhatsApp further empowered billions around the world. Now, Meta is moving beyond 2D screens toward immersive experiences like augmented and virtual reality to help build the next evolution in social technology. People who choose to build their careers by building with us at Meta help shape a future that will take us beyond what digital connection makes possible today—beyond the constraints of screens, the limits of distance, and even the rules of physics.
$167,000/year to $230,000/year + bonus + equity + benefits

Individual compensation is determined by skills, qualifications, experience, and location. Compensation details listed in this posting reflect the base hourly rate, monthly rate, or annual salary only, and do not include bonus, equity or sales incentives, if applicable. In addition to base compensation, Meta offers benefits. Learn more about benefits at Meta.

Equal Employment Opportunity Meta is proud to be an Equal Employment Opportunity employer. We do not discriminate based upon race, religion, color, national origin, sex (including pregnancy, childbirth, reproductive health decisions, or related medical conditions), sexual orientation, gender identity, gender expression, age, status as a protected veteran, status as an individual with a disability, genetic information, political views or activity, or other applicable legally protected characteristics. You may view our Equal Employment Opportunity notice here. Meta is committed to providing reasonable accommodations for qualified individuals with disabilities and disabled veterans in our job application procedures. If you need assistance or an accommodation due to a disability, fill out the Accommodations request form.