Cost Manager

Career Area

Engineering

When you join Caterpillar, you're joining a global team who cares not just about the work we do – but also about each other. We are the makers, problem solvers, and future world builders who are creating stronger, more sustainable communities. We don't just talk about progress and innovation here – we make it happen, with our customers, where we work and live.

Together, we are building a better world, so we can all enjoy living in it.

Caterpillar’s Earth Moving Division is hiring for Cost Manager in Peoria, IL!

In this role you will manage Motor Grader and Medium Tractor Products Cost team to deliver Sustainable Value Creation and work across entire value chain to identify and execute cost opportunities to achieve goals.

• Managing staffing, development, and performance management for value chain design teams; motivating and developing project and team leaders.
• Designing and implementing end-to-end value chain improvements.
• Managing high-impact, short and long duration value chain improvement initiatives and projects.
• Managing risk and recovery related to foreseeable and unforeseeable value chain disruptions.
• Requires a degree in an accredited Engineering, Accounting, Computer Science, or Materials Science curriculum.

• Degree Requirement: Bachelor’s degree in engineering or related fields.
• Business Acumen: Knowledge of business concepts, tools, and processes that are needed for making sound decisions in the context of the company's business; ability to apply this knowledge appropriately to diverse situations.
• Planning: Tactical, Strategic:
  Knowledge of effective planning techniques and ability to contribute to operational (short term), tactical (1-2 years) and strategic (3-5 years) planning in support of the overall business plan.
• Process Management: Knowledge of business process improvement tools and techniques; ability to understand, monitor, update, control, or enhance existing business or work processes.
• Decision Making and Critical Thinking: Knowledge of the decision-making process and associated tools and techniques; ability to accurately analyze situations and reach productive decisions based on informed judgment.

• Knowledge of Value Stream Mapping, LCP I, LCP II and VAVE. Ability to work across the end-to-end value stream to improve efficiency.
• Prior Management experience.
• Experience with AI to identify opportunities with diverse data sets.
• Prior experience with Product group.
• Communicate effectively with c-suite to demonstrate concise, data-driven and strategic communication skills.

• Work location:
  
  IL-Peoria-Building AB Office
• Domestic relocation assistance IS available for this role
• Visa sponsorship is NOT available for this role.
• Travel:
  Upto 15-20% domestic and international
• This position requires 5 days per week in the office (M-F)

$ - $

Compensation and benefits offered may vary depending on multiple individualized factors, job level, market location, job-related knowledge, skills, individual performance and experience. Please note that salary is only one component of total compensation at Caterpillar.

Subject to plan eligibility, terms, and guidelines. This is a summary list of benefits.

• Medical, dental, and vision benefits*

• Paid time off plan (Vacation, Holidays, Volunteer, etc.)*

• 401(k) savings plans*

• Health Savings Account (HSA)*

• Flexible Spending Accounts (FSAs)*

• Health Lifestyle Programs*

• Employee Assistance Program*

• Voluntary Benefits and Employee Discounts*

• Career Development*

• Incentive bonus*

• Disability benefits

• Life Insurance

• Parental leave

• Adoption benefits

• Tuition Reimbursement

* These benefits also apply to part-time employees

This position requires working onsite five days a week. Relocation is available for this position. Visa Sponsorship is not available for this position. As a global company, Caterpillar offers many job opportunities outside of the U.S which can be found through our employment website at

February 24, 2026 - March 10, 2026

Any offer of employment is conditioned upon the successful completion of a drug screen.

Caterpillar is an Equal Opportunity Employer, Including Veterans and Individuals with Disabilities. Qualified applicants of any age are encouraged to apply.

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