Cost Optimization Specialist

Overview

Join our dynamic team as a Cost Optimization Specialist, where you will play a crucial role in identifying, planning, and implementing initiatives that reduce costs. You will work within Cost Out Programs, such as Prioneer and OPW, and adhere to the rulebook for Cost Out systems. You will collaborate with various departments to calculate savings, analyze data, and create accurate cost estimates for products and services.

Your insights will drive the development of strategic cost-out initiatives and ensure the full value is realized with a clear business case.

• You will provide essential assistance to departments responsible for operational product costs, acting as an extension of Finance, Engineering, Manufacturing, and Product teams.
• Analyze data and current and future loads to create accurate cost estimates, driving the development of “should cost” models.
• Develop historical and forecast views of cost savings efforts, crafting strategic productivity improvement plans.
• Identify opportunities for improvement, recommending changes to reduce expenses and enhance output.
• Lead cost-out workshops for idea generation, partnering with cross-functional teams to achieve cost goals efficiently.

• A bachelor’s degree in finance, Accounting, Engineering, or a related field is essential.
• 5 or more years of experience in manufacturing or operations, with a focus on continuous improvement.
• Strong analytical, problem-solving, and critical thinking skills.
• Proficiency in data analysis tools and cost management software; experience with Think Cell, Pivot Tables, and/or Power BI is a plus.
• Excellent communication, negotiation, and presentation skills that allow you to convey complex information clearly.
• A solid understanding of Lean and process improvement methodologies.
• Applicants must be legally authorized for employment in the United States without need for current or future employer-sponsored work authorization. Siemens Energy employees with current visa sponsorship may be eligible for internal transfers.

Our Gas Services division offers low-emission power generation through service and decarbonization. Zero or low emission power generation and all gas turbines under one roof, steam turbines and generators. Decarbonization opportunities through service offerings, modernization, and digitalization of the fleet.

At Siemens Energy, we are more than just an energy technology company. With ~100,000 dedicated employees in more than 90 countries, we develop the energy systems of the future, ensuring that the growing energy demand of the global community is met reliably and sustainably. The technologies created in our research departments and factories drive the energy transition and provide the base for one sixth of the world's electricity generation.

Our global team is committed to making sustainable, reliable, and affordable energy a reality by pushing the boundaries of what is possible. We uphold a 150-year legacy of innovation that encourages our search for people who will support our focus on decarbonization, new technologies, and energy transformation. Find out how you can make a difference at Siemens Energy:

• Career growth and development opportunities
• Supportive work culture
• Company paid Health and wellness benefits
• Paid Time Off and paid holidays
• 401K savings plan with company match
• Family building benefits
• Parental leave

Jobs & Careers:

Equal Employment Opportunity Statement

Siemens Energy is an Equal Opportunity and Affirmative Action Employer encouraging diversity in the workplace. All qualified applicants will receive consideration for employment without regard to their race, color, creed, religion, national origin, citizenship status, ancestry, sex, age, physical or mental disability unrelated to ability, marital status, family responsibilities, pregnancy, genetic information, sexual orientation, gender expression, gender identity, transgender, sex stereotyping, order of protection status, protected veteran or military status, or an unfavorable discharge from military service, and other categories protected by federal, state or local law.