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Meta Platforms, Inc. (Meta), formerly known as Facebook Inc., builds technologies that help people connect, find communities, and grow businesses. When Facebook launched in 2004, it changed the way people connect. Apps and services 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. To apply, click “Apply to Job” online on this web page.
Product Cost Engineer Responsibilities
- Establish management control systems and product cost targets early in a product conception.
- Capture, document, and communicate risks and opportunities, financial exposures, and outlay as it relates to products.
- Be involved throughout all stages of the product family's lifecycle to ensure all financial targets through end-of-life are achieved.
- Leverage strong technical understanding of the product and use this to engage with HW teams and challenge design decisions from a cost standpoint.
- Support monthly executive product line reviews outlining performance against budget, target and actual cost for BOM, MVA and CapEx.
- In collaboration with the GSM and HW teams, own the supplier plan of record (SPOR) in order to ensure supply chain alignment and team focus on cost targets.
- Define, develop, and implement analytical models to understand drivers for product cost across the supply chain.
- Track the program actual costs versus target to identify program deltas and corrective actions to bring back on track.
- Outline, report, and track all program risks and opportunities related to product cost and drive them to closure.
- Lead cross-functional cost reviews to report out actual versus target cost and risks and opportunities for each program.
- Responsible for understanding program objectives, coordinating activities across different cross functional teams, and ensuring adherence to overall schedule including negotiating any changes in requirements, and communicating those to stakeholders.
Minimum Qualifications
- Requires a Master’s degree in Industrial Engineering, Systems Engineering, Civil Engineering or a related field and three years of work experience in the job offered or in an engineering-related occupation. Requires three years of experience in the following:
- 1. Integrate the financial flows with operational flows to gain an understanding of new product introduction (NPIs) cost helping evaluate efficiency of an investment
- 2. Analyze & program manage NPIs to identify & drive product & supply chain cost reductions
- 3. Develop and implement processes, tools, and models to enable analysis of manufacturing partners quotes against industry benchmarks
- 4. Use technical expertise to drive engineering and supply chain teams to meet program cost targets at a product and commodity level for NPIs
- 5. Challenge HW teams at a technical level enabling cost down efforts from a design standpoint
- 6. Track program actual cost vs target throughout the development cycle to identify cost deltas and identify corrective actions to bring it back on track
- 7. Work with cross functional teams to create fiscal budget by program. Track & report actuals to budget & identify opportunities for cost reductions
- 8. Clearly and confidently communicates with cross functional stakeholders and senior leadership
- 9. Builds a strong community within the program through collaboration, identification and implementation of process improvements, and ad-hoc initiatives.
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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.
Meta is committed to providing reasonable support (called accommodations) in our recruiting processes for candidates with disabilities, long term conditions, mental health conditions or sincerely held religious beliefs, or who are neurodivergent or require pregnancy-related support. If you need support, please reach out to accommodations-ext@fb.com.
$212,647/year to $226,600/year + bonus + equity + benefits
Individual pay is determined by skills, qualifications, experience, and location. Compensation details listed in this posting reflect the base salary only, and do not include bonus, equity or sales incentives, if applicable. In addition to base salary, Meta offers benefits. Learn more about benefits at Meta.
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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, 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. We also consider qualified applicants with criminal histories, consistent with applicable federal, state and local law. We may use your information to maintain the safety and security of Meta, its employees, and others as required or permitted by law. You may view Meta Pay Transparency Policy, Equal Employment Opportunity is the Law notice, and Notice to Applicants for Employment and Employees by clicking on their corresponding links. Additionally, Meta participates in the E-Verify program in certain locations, as required by law.
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, you may contact us at accommodations-ext@fb.com.
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