Product Cost Engineer

The Sustaining Product Cost Engineer is the Single Threaded Leader (STL) for mass production (MP) product cost from Ramp through End of Life (EOL). As the voice of the product portfolio’s financial health, the PCE is responsible for modeling and communicating the cost tradeoffs associated with MP product decisions and influencing these decisions to ensure Reality Labs (RL) is optimizing MP cost performance. The PCE is responsible for coordinating with cross functional Operations teams to develop cost optimization plans, drive execution, and subsequently report out plan updates and performance against targets at Leadership Reviews. They will have a technical understanding of the product and combine this with a customer-centric mindset to engage with cross functional teams and challenge decisions. In collaboration with Sourcing and Hardware teams, the PCE will also own the supplier plan of record (SPOR) making updates as needed and identifying postmortem feedback for future generations.

Candidates Should be entrepreneurial, detail-oriented, execution-focused, and have a knowledge of Consumer Electronics BOM categories. They must also have a technical understanding of the entire product portfolio, competitor products, and supplier technical capabilities. Crucially, they need to demonstrate exceptional stakeholder management skills and influence internal decision makers as well as the supplier base. PCEs must also be proactive and structured problem solvers that can manage multiple products in a dynamic, fast-paced environment.Product Cost Engineer Responsibilities

• Responsible for setting and driving cross functional teams to meet BOM+MVA, Capital Expenditure, and OCOGS cost targets at the product and commodity level
• Track actual costs versus targets and coordinate with cross functional stakeholders to develop cost optimization plans to close these gaps and achieve targets
• Outline, report and track all program risks & opportunities related to product cost and execute to program completion
• Lead cross-functional cost reviews to report out actual versus target cost, risks and opportunities, and cost optimization plan updates for each product
• Work with both Global Supply Managers and Engineering to drive updates to a product’s SPOR as needed and identify post-mortem feedback for the next related product’s SPOR
• Drive the supply chain and operations teams to provide detailed cost reduction forecasts that enable you to meet and exceed your product goals
• Track CapEx actuals to budget and identify opportunities for CapEx reduction and reuse on future products
• BS or higher in Electrical Engineering, Mechanical Engineering, Manufacturing & Operations Engineering or equivalent experience
• Experience in a product cost management role
• Knowledge of product features/specifications, BOM cost categories, operations and supply chain
• Cross-functional working experience to drive a program
• Problem solving, analytical and communication experience
• Proficiency in Microsoft Office suite: Word, PowerPoint, Excel and SQL
• Experience navigating ambiguity in a fast-paced environment and prioritize multiple work threads to maximize impact
• Master’s degree, MBA
• Experience working with key commodity management or Contract Manufacturer & Original Design Manufacturers
• Knowledge in Enterprise Resource Planning and Product Lifecycle Management tools
• Experience in cost analysis, should cost, and design to cost methodologies

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.
$134,000/year to $196,000/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.


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