Summary: The Sustaining Product Cost Engineer (PCE) 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 strong 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.Required Skills: Product Cost Engineer Responsibilities:
Responsible for setting and driving cross functional teams to meet BOM+MVA, CapEx, 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 GSM and Engineering to drive updates to a product’s SPOR as needed and identify postmortem 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
Minimum Qualifications: Minimum Qualifications:
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
Preferred Qualifications: Preferred Qualifications:
Master’s degree, MBA
Experience working with key commodity management or CM/ODM management
Knowledge in ERP and PLM tools
Experience in competitive analysis, should cost, and design to cost methodologies
Public Compensation: $134,000/year to $196,000/year + bonus + equity + benefitsIndustry: InternetEqual Opportunity: Meta is proud to be an Equal Employment Opportunity and Affirmative Action employer. We do not discriminate based upon race, religion, color, national origin, sex (including pregnancy, childbirth, or related medical conditions), sexual orientation, gender, gender identity, gender expression, transgender status, sexual stereotypes, age, status as a protected veteran, status as an individual with a disability, or other applicable legally protected characteristics. We also consider qualified applicants with criminal histories, consistent with applicable federal, state and local law. Meta participates in the E-Verify program in certain locations, as required by law. Please note that Meta may leverage artificial intelligence and machine learning technologies in connection with applications for employment.Meta is committed to providing reasonable accommodations for candidates with disabilities in our recruiting process. If you need any assistance or accommodations due to a disability, please let us know at [email protected].