Hiring: Product Cost Specialist Company: Chefman & CHEF iQ Location: Mahwah, NJ Job Posted Time: 2026-09-10 14:57:35 Employment Type: Contract Target Skills & Keywords : Assembly, Chef, Microsoft Excel, Program Management, SolidWorks About the job Experience: •5 years of experience in cost engineering, manufacturing engineering, or product development within consumer products or high-volume production environments Required Skills: •We are seeking a self-driven Product Cost Specialist to support Chefman and CHEF iQ new product lines by developing accurate should-cost models throughout the product development process. At Chefman, we pride ourselves on delivering affordable innovation, ease of use, and a strong focus on the consumer experience. •Should-Cost Modeling & BOM Cost Tracking •Develop and maintain accurate should-cost models that reflect the latest product definition, updating at each prototype build milestone •Track the live Bill of Materials (BOM) cost vs. target cost as the engineering team iterates on design, flagging risks and opportunities in real time •Review supplier-submitted CBOMs for accuracy and alignment with Chefman cost targets •Generate a critical components list and work with supply chain to obtain competitive quotes •Coordinate product details to generate ballpark cost estimates during the advanced development phase •Deliver clear cost summary reports and presentations to cross-functional teams, highlighting where cost is concentrated and where savings opportunities exist Qualifications: •Bachelor's degree in Mechanical, Electrical, or Industrial Engineering •3–5 years of experience in cost engineering, manufacturing engineering, or product development within consumer products or high-volume production environments •Demonstrated experience building and maintaining should-cost models with strong attention to detail •Proficiency in Power BI for cost reporting, data visualization, and dashboard development •Hands-on experience negotiating with Asia-based contract manufacturers on pricing, tooling, and contractual terms •Knowledge of plastics, injection molding, tooling, electronics, assembly methods, decoration processes, and packaging •Strong Microsoft Excel skills; experience building cost models and BOM trackers •Intermediate proficiency in SolidWorks or CREO •Operational familiarity with MOU and Price Agreement drafting and execution •Strong presentation skills — able to deliver clear cost summaries and actionable recommendations to senior stakeholders Compensation: •$87,000 - $100,000 / year Interested candidates, please apply directly through the job posting on company's career page or try via AI auto apply on this platform. Don't miss this opportunity to join a forward-thinking team!