Cost Engineer

Be a part of a revolutionary change. At PMI, we’ve chosen to do something incredible. We’re totally transforming our business, and building our future on smoke-free products with the power to deliver a smoke-free future. With huge change, comes huge opportunity. So, wherever you join us, you’ll enjoy the freedom to dream up and deliver, better, brighter solutions and the space to move your career forward in endlessly different directions. The Supply Chain function, thanks to its global scale and drive for innovation, is playing a meaningful role in PMI’s business transformation. Our mission is to produce and deliver products to our markets and into the hands of our consumers in a sustainable way. Operations is at the center of a powerful triangle of deep consumer connection, product innovation and executional excellence. Our people are passionate, determined and innovative. From procurement, to manufacturing and throughout our supply chain, you’ll have plenty of opportunities to leave your mark in this transformational journey to deliver better, smoke-free future. Your ‘day to day’ You will be employed in Hong Kong under Philip Morris Asia Limited (PMAL). PMAL operates as a subsidiary of Philip Morris International, Inc. You will support the Smoke-Free Products at electronic Product Development Center (ePDC) in Hong Kong. The impact of this role stems from three key pillars: Cost Modelling • Estimating the target cost of our electronic devices to optimize costs and serve as a tool for supplier negotiation, • (i) Clean-sheet development of strategic components and collaborating cross-functionally with product development and engineering to improve accuracy. • (i) Conduct cost / price analyses using statistical tools, market trend data and parametric models • (ii) Assist in cost estimates for new and proposed product costs Strategic Cost Management • Manage the cost reporting process to ensure transparency, consistency and timeliness, • Improve cost visibility of new products through monthly analysis and reports and supporting RF process • Lead in driving and monitoring cost prevention. • Support Supervisor in scenario planning for achieving long-range device price evolution roadmap. • Prepare, review and obtain approval of investment budget for new projects Value Engineering & Analysis • Ensure that new projects reflect a strong value proposition to consumers at the best production cost possible • Co-lead workshops with NPS, focusing on achieving the right balance between customer value and cost • Collaborate with ODMs to ensure full BOM transparency and promote and assess supplier-led innovation • Develop and promote key tools and processes to continuously improve the value engineering process (e.g. robust fact base, clean-sheet template, value stream mapping, balanced scorecard) Who we’re looking for • University degree in Supply Chain, Operations Research, Engineering, Economics, or Finance • Minimum 8 years or above working experience in costing and project management • Strong Project Management, with ability to lead development / improvement of Project Management tools and process • Experience developing automated cost models, cost database, cost factors, and/or cost estimating relationships is required • Network, database, information systems, or software development understanding is a plus • Experience in electronics or plastics industry and contract manufactures is a plus • Consistently displays a customer centric approach to work and highly adaptable to changes and ambiguity • Creative thinker that is able to anticipate changes and produce solutions • Comfortable to work in dynamic cross-functional teams and in a multi-cultural environment • Advance proficiency in MS Excel • Project Management and working knowledge of Tableau / Power BI is a plus • Fluent English is a must What we offer Our success depends on the talents who come to work every single day with a sense of purpose and an appetite for progress. Join PMI and you too can: • Seize the freedom to define your future and ours. We’ll empower you to take risks, experiment and explore. • Be part of an inclusive, diverse culture, where everyone’s contribution is respected; collaborate with some of the world’s best people and feel like you belong. • Pursue your ambitions and develop your skills with a global business – our staggering size and scale provides endless opportunities to progress. • Take pride in delivering our promise to society: to deliver a smoke-free future. PMI is an equal opportunity employer