Design to Cost Engineer Job
Job Description Job Attributes+
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Job ID
31149181
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Req #
ABLAUS31149181ENUSEXTERNAL
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Job Location
Abbott Park, IL, US
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Job Category
Research & Development
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Job Type
Full time
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Travel
Not specified
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Schedule
40 hours per week
Abbott is a global healthcare leader that helps people live more fully at all stages of life. Our portfolio of life-changing technologies spans the spectrum of healthcare, with leading businesses and products in diagnostics, medical devices, nutritionals and branded generic medicines. Our 115,000 colleagues serve people in more than 160 countries.
Working at Abbott
At Abbott, you can do work that matters, grow, and learn, care for yourself and family, be your true self and live a full life. You’ll also have access to:
Career development with an international company where you can grow the career you dream of.
Free medical coverage for employees* via the Health Investment Plan (HIP) PPO
An excellent retirement savings plan with high employer contribution
Tuition reimbursement, the Freedom 2 Save student debt program and FreeU education benefit - an affordable and convenient path to getting a bachelor’s degree.
A company recognized as a great place to work in dozens of countries around the world and named one of the most admired companies in the world by Fortune.
A company that is recognized as one of the best big companies to work for as well as a best place to work for diversity, working mothers, female executives, and scientists.
The Opportunity
The Design to Cost Engineer will support the development of cost-effective product designs by creating analytical cost models, simulations, and prototypes. This role works under the guidance of senior engineers to evaluate design alternatives, identify cost-saving opportunities, and contribute to data-driven decision-making across the product lifecycle.
What You’ll Work On
- Build, maintain, and refine cost models and simulations to support design decisions
- Provide data-driven insights and design alternatives to engineering teams
- Assist in identifying cost-reduction opportunities through modeling, benchmarking, and analysis
- Collaborate with engineering, procurement, and manufacturing to gather inputs for model development
- Document, present, and communicate findings to support stakeholder decision-making
- Support Cost Forensic activities, including value engineering, benchmarking, supplier workshops, negotiations, and Statements of Work
- Track and report basic performance metrics related to cost modeling initiatives
Required Qualifications
- Bachelor’s degree in Engineering or a related technical field
- 0–3 years of relevant experience (internships or co-ops applicable)
- Strong analytical, modeling, and problem-solving skills
- Basic project management and communication capabilities
- Ability to work effectively under the direction of senior engineers or project leads
Preferred Qualifications
- Exposure to cost modeling, value engineering, or cost analysis methodologies
- Experience working in cross-functional teams (engineering, procurement, manufacturing)
- Familiarity with data analysis or simulation tools
- Interest in supplier cost analysis, benchmarking, or negotiations
- Ability to clearly communicate technical findings to non-technical stakeholders
Learn more about our health and wellness benefits, which provide the security to help you and your family live full lives: www.abbottbenefits.com
Follow your career aspirations to Abbott for diverse opportunities with a company that can help you build your future and live your best life. Abbott is an Equal Opportunity Employer, committed to employee diversity.
Connect with us at www.abbott.com, on Facebook at www.facebook.com/Abbott and on Twitter @AbbottNews and @AbbottGlobal.
The base pay for this position is $61,300.00 – $122,700.00. In specific locations, the pay range may vary from the range posted.
Job Skills
- cost modeling
- cost simulation
- benchmarking
- value engineering
- supplier cost analysis
- project management
- stakeholder communication
- simulation tools
- data analysis tools
- cost analysis methodologies
- technical presentation
Sorry, this job is closed.
Additional Information
Who We Are
PUT YOUR TALENTS TO WORK
Abbott values the leadership skills developed through military service and we have a broad range of functional areas to put your talents to work. Our organization is making a difference in the lives of the people we serve with a diverse offering of healthcare products. We have a strong veteran employee community to help with your transition from the military to the corporate world.
