Cost Engineering Specialist at Caterpillar in Decatur, Illinois

Job Description:

Career Area:
Engineering
Job Description:

Your Work Shapes the World at Caterpillar Inc.

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.

As Cost Engineering Specialist for Large Mining Truck you will design, develops, builds, and implements new products, components, or technologies to achieve product cost targets.



Responsibilities
• Develop design parameters, performance characteristics, and technical specifications of products and components that deliver product cost targets and satisfy customer needs and advance safety, quality, velocity and cost.
• Participating in supplier selection and capabilities assessment.
• Monitoring, exploring, and testing new technologies, materials, and components to understand product or process improvement opportunities.

• Leads strategy development for product cost including operations, supply chain, and product design.

Top Candidates Will Have:

• Past design engineering or supplier management or operations or NPI experience with mining equipment

• Execution/collaboration mindset working across different teams with a common goal



Degree Requirement
• Requires a degree in an accredited Engineering, Computer Science, or Materials Science curriculum

What Skills You Will Have:



Analytical Thinking:
• Seeks discrepancies and inconsistencies in available information; explains variances.
• Organizes and prioritizes the sequence of steps to be taken to remedy the situation.
• Quantifies the costs, benefits, risks and chances for success before recommending a course of action.
• Approaches a complex problem by breaking it down into its component parts.

Decision Making and Critical Thinking:
• Assesses and validates decision options and points and predicts their potential impact.
• Advises others in analyzing and synthesizing relevant data and assessing alternatives.
• Uses effective decision-making approaches such as consultative, command, or consensus.

Effective Communications:
• Adapts documents and presentations for the intended audience.
• Communicates well downward, upward, and outward.
• Employs appropriate methods of persuasion when soliciting agreement.

Project Management:
• Utilizes preferred tools, techniques and methods for estimating project cost and time.
• Plans, estimates, staffs, organizes and monitors significant projects.
• Identifies risks and vulnerabilities; creates contingency plans.
• Maintains open communication among project participants and interested parties.



Additional Information:

The primary location for this position is Decatur, IL

Domestic relocation assistance is available

Travel will be up to 10 - 15%

Visa sponsorship is not available

Summary Pay Range:
$126,000.00 - $189,000.00
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.

Benefits:

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

Posting Dates:
March 12, 2025 - March 23, 2025
Any offer of employment is conditioned upon the successful completion of a drug screen.

EEO/AA Employer. All qualified individuals - Including minorities, females, veterans and individuals with disabilities - are encouraged to apply.

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