Cost Estimating Specialist

Costing Specialist

Seeking a highly analytical and proactive Costing Specialist to support high complexity programs, with a strong focus on cost tracking and engineering change management. This role is essential in ensuring financial accuracy and responsiveness to dynamic program requirements, particularly for global OEMs. The ideal candidate will bring deep costing expertise, cross-functional collaboration skills, and a strong understanding of automotive program lifecycles.

Essential Duties and Responsibilities

• Maintain detailed cost tracking for assigned programs, ensuring alignment with budget targets and commercial expectations.
• Monitor actual vs. forecasted costs for Materials, Tooling, Labor, and Overhead; investigate and explain variances.
• Develop and update cost models to reflect changes in scope, design, or sourcing. Present this information to the program team and / or Cost Estimating Manager.

Tracks, audits and compare actual tooling expenditures to the established budget as needed and provide status reports on a regular basis

Engineering Change Management

Customer Program Support

Process & System Improvement

Qualifications

To perform this job successfully, an individual must be able to perform each essential duty and responsibility satisfactorily. The requirements listed below are representative of the knowledge, skill, ability and / or physical demands required. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

Education

Bachelor's Degree (or bachelor's equivalency) in accounting, finance, or engineering; or equivalent combination of education and work experience.

Experience / Special Knowledge / Skills

Awareness, Unity, Empowerment

At Magna, we believe that a diverse workforce is critical to our success. That's why we are proud to be an equal opportunity employer. We hire on the basis of experience and qualifications, and in consideration of job requirements, regardless of, in particular, color, ancestry, religion, gender, origin, sexual orientation, age, citizenship, marital status, disability or gender identity. Magna takes the privacy of your personal information seriously. We discourage you from sending applications via email or traditional mail to comply with GDPR requirements and your local Data Privacy Law.