Costing Engineer

Costing Engineer Forj Medical Arden Hills, MN Job Details Full-time $90,000 - $100,000 a year 17 hours ago Benefits Dental insurance 401(k) Vision insurance Qualifications Computer operation Research Cost estimates Productivity software Technical Proficiency Full Job Description Exceptional People. Hard Problems. Meaningful Careers. Big Impact. Nowhere else can you touch as many life-changing medical technologies. At Forj Medical, we work side by side with more than 100 medical device companies from startups to global giants to bring life-enhancing technologies to market. Working with us means solving hard problems with extraordinary people in a collaborative work environment. Join us. Job Summary Reporting to the VP, Project Management Office, the Costing Engineer will be responsible for project and product estimation, data research, quote creation, and cost structure coordination in partnership with the Program Management, Finance, and Engineering departments. This position will also perform cost analysis of current product through variance calculations, working closely with the Finance team. Job Duties and Responsibilities Quoting & Estimating Leadership Lead estimating activities: Lead the estimating process for multiple sites and technologies.

RFQ management:

Prioritize incoming requests for quote (RFQs), summarize complex business cases, and ensure all technical and commercial requirements are communicated to internal stakeholders.

Cost translation:

Apply understanding of product specifications to convert engineering estimates into formal cost quotes, ensuring all labor, material, and overhead components are accurately captured.

Design change analysis:

Evaluate and estimate the fiscal impact of product design iterations or engineering change orders.

Financial Analysis Profitability assurance:

Analyze quotes to ensure products meet required margin profiles and long-term profitability targets.

Variance analysis:

Partner closely with Finance to monitor internal production profitability through detailed variance calculations, identifying gaps between estimated and actual costs.

Market adjustments:

Analyze production performance and market trends to recommend price adjustments or cost reduction strategies.

Tool optimization:

Continuously identify, develop, and refine estimating tools and methodologies to improve accuracy and response times.

Other financial analysis:

Provide analysis to other departments as needed.

Cross-Functional Coordination Stakeholder liaison:

Build and maintain effective relationships with the Sales, Supply Chain, Program Management, and Engineering teams and coordinate quote requests with these teams.

Technical reviews:

Coordinate and lead technical reviews as needed to validate manufacturing feasibility and cost assumptions.

Business case assembly:

Participate in internal and customer meetings and assemble comprehensive business cases.

Qualifications Required:

Bachelor's degree in a related field and 2+ years of relevant experience (e.g., in engineering, sales, finance) or a combination of education and experience providing equivalent knowledge and skills Experience working with product specifications, estimates, and quotes Demonstrated ability to be proactive, resourceful, and self-directed Demonstrated focus on driving end results Demonstrated ability to handle multiple workstreams while staying organized and prioritizing appropriately and delivering accurate, reliable, and thorough results Effective interpersonal and communication skills Effective analytical skills Proficiency with Microsoft Office/365 software Demonstrated capability to develop and upskill

Preferred:

Experience with medical device estimating and quoting Experience with PCBA manufacturing, device assembly, and injection molding Strong capability to lead and influence cross functional teams Experience with print reading and CAD model Experience with ISO quality systems Location This role is based on-site at our Arden Hills location in the Minneapolis/St. Paul metro area, with occasional international travel (< 10%). Physical Demands & Working Conditions Typically sit, grasp items, and perform keyboarding for frequent operation of a computer Stand, walk, bend, reach, or otherwise move about occasionally Lift, move or otherwise transfer items up to 30 pounds occasionally Exposed to typical machine shop physical hazards occasionally Travel by air or car occasionally EEO Statement Forj Medical provides equal employment opportunities to all employees and applicants for employment and prohibits discrimination and harassment of any type without regard to race, color, religion, age, sex, national origin, disability status, genetics, protected veteran status, sexual orientation, gender identity or expression, or any other characteristic protected by federal, state or local laws. This policy applies to all terms and conditions of employment, including recruiting, hiring, placement, promotion, termination, layoff, recall, transfer, leaves of absence, compensation and training. Employment Requirement Must be authorized to work in the United States. Compensation and Total Rewards Package The salary range for this position is outlined below under "Job Details" and is dependent upon the individual's skills, experience, qualifications, and applicable employment laws. Beyond base salary, Forj offers a competitive Total Rewards Package. We offer health, dental, vision, 401K plans, and time off programs. You may also be eligible to participate in an annual bonus program which depends on various factors, including, individual and organizational performance.