Cost Engineer - Contract

Take your Career to the next Level with MEVOTECH. Join Our Team at Mevotech! Are you ready to elevate your career with a leading North American aftermarket auto parts company? Mevotech is seeking a Cost Engineer - Contract Position to join our dynamic team. About Us Mevotech is a trusted leader in the aftermarket auto parts industry, specializing in driveline, steering, and suspension parts. With over 40 years of experience, we're dedicated to engineering excellence, innovation, and delivering exceptional customer experiences. Our commitment to employee wellness and engagement has earned us recognition as one of Canada’s Best Managed Companies. Position Overview As a Cost Engineer, you will lead the development of accurate, fact‑based should‑cost models and provide actionable insights that improve cost competitiveness across products and suppliers. You will play a critical role in: Analyzing manufacturing and component costs Supporting supplier negotiations and sourcing strategies Identifying cost‑reduction and process‑improvement opportunities Driving cost transparency across the product lifecycle Key Responsibilities Cost Modeling & Manufacturing Analysis Build, maintain, and refine should‑cost models for components and assemblies across: Machining Stamping Forging Casting Molding Assembly Analyze product and production costs to identify key cost drivers and risks Evaluate cost impacts from: Engineering changes (ECNs) New product introductions (NPI) Supplier or process changes Benchmark supplier quotes against internal models, market data, and commodity trends Cost Reduction & Strategic Support Identify and quantify cost‑savings opportunities (dual sourcing, negotiations, material changes, process improvements) Partner with Sourcing on A / AAA item strategies, dual sourcing, and vendor consolidation Perform SKU, volume, and brand analysis to support rationalization efforts Provide data‑backed recommendations to support negotiations and sourcing decisions Reporting & Performance Tracking Prepare cost reports, dashboards, and variance analyses Track actual vs. standard costs across suppliers and product lines Investigate material, labor, and overhead variances and recommend corrective actions Maintain accurate cost databases and ensure data consistency across systems Cross‑Functional Collaboration & Systems Act as a trusted cost advisor to Engineering, Manufacturing, Supply Chain, and Sourcing Validate supplier cost breakdowns and manufacturing assumptions Support evaluation and adoption of enhanced costing tools and systems Ideal Qualifications Bachelor’s degree in Manufacturing, Mechanical, or Industrial Engineering 5–7 years of experience in cost analysis, cost engineering, or manufacturing finance within automotive or industrial environments Hands ‑ on knowledge of manufacturing processes and tooling Ability to interpret engineering drawings, BOMs, routings, and process flows Advanced Excel skills for complex cost models, scenario analysis, and dashboards ERP experience (SAP or similar preferred) Strong analytical skills with the ability to translate data into clear, actionable insights Comfortable influencing cross ‑ functional stakeholders without direct authority Highly organized, detail ‑ oriented, and effective in fast ‑ paced environments Physical Demands & Working Conditions Position follows a hybrid work requirement, consisting of four (4) days onsite and one (1) day remote weekly. Primarily office-based with standard working hours; may require additional hours to meet project deadlines or address urgent matters. Ability to work in a dynamic environment, managing multiple tasks and responsibilities simultaneously. Minimal physical demands, primarily involving sitting, using a computer, and other office-related activities Accessibility Accommodations Mevotech provides accessibility accommodations during the recruitment process. If you require accommodations, please let us know, and we'll work with you to meet your needs. Take the next step in your career journey and join us at Mevotech!