Summary:

The Sustaining Product Cost Engineer (PCE) is the Single Threaded Leader (STL) for mass production (MP) product cost from Ramp through End of Life (EOL). As the voice of the product portfolio’s financial health, the PCE is responsible for modeling and communicating the cost tradeoffs associated with MP product decisions and influencing these decisions to ensure Reality Labs (RL) is optimizing MP cost performance. The PCE is responsible for coordinating with cross functional Operations teams to develop cost optimization plans, drive execution, and subsequently report out plan updates and performance against targets at Leadership Reviews. They will have a strong technical understanding of the product and combine this with a customer-centric mindset to engage with cross functional teams and challenge decisions. In collaboration with Sourcing and Hardware teams, the PCE will also own the supplier plan of record (SPOR) making updates as needed and identifying postmortem feedback for future generations.Candidates must be entrepreneurial, detail-oriented, execution-focused, and have a knowledge of Consumer Electronics BOM categories. They must also have a strong technical understanding of the entire product portfolio, competitor products, and supplier technical capabilities. Crucially, they need to demonstrate exceptional stakeholder management skills and the ability to influence internal decision makers as well as the supplier base. PCEs must also be proactive and structured problem solvers that can manage multiple products in a dynamic, fast-paced environment.

Required Skills:

Product Cost Engineer Responsibilities:

1. Responsible for setting and driving cross functional teams to meet BOM+MVA, CapEx, and OCOGS cost targets at the product and commodity level

2. Track actual costs versus targets and coordinate with cross functional stakeholders to develop cost optimization plans to close these gaps and achieve targets

3. Outline, report and track all program risks & opportunities related to product cost and execute to program completion

4. Lead cross-functional cost reviews to report out actual versus target cost, risks and opportunities, and cost optimization plan updates for each product

5. Work with both GSM and Engineering to drive updates to a product’s SPOR as needed and identify postmortem feedback for the next related product’s SPOR

6. Drive the supply chain and operations teams to provide detailed cost reduction forecasts that enable you to meet and exceed your product goals

7. Track CapEx actuals to budget and identify opportunities for CapEx reduction and reuse on future products

Minimum Qualifications:

Minimum Qualifications:

8. BS or higher in Electrical Engineering, Mechanical Engineering, Manufacturing & Operations Engineering or equivalent experience

9. Experience in a product cost management role

10. Knowledge of product features/specifications, BOM cost categories, operations and supply chain

11. Cross-functional working experience to drive a program

12. Problem solving, analytical and communication experience

13. Proficiency in Microsoft Office suite: Word, PowerPoint, Excel and SQL

14. Experience navigating ambiguity in a fast-paced environment and prioritize multiple work threads to maximize impact

Preferred Qualifications:

Preferred Qualifications:

15. Master’s degree, MBA

16. Experience working with key commodity management or CM/ODM management

17. Knowledge in ERP and PLM tools

18. Experience in competitive analysis, should cost, and design to cost methodologies

Public Compensation:

$167,000/year to $230,000/year + bonus + equity + benefits

Industry: Internet

Equal Opportunity:

Meta is proud to be an Equal Employment Opportunity and Affirmative Action employer. We do not discriminate based upon race, religion, color, national origin, sex (including pregnancy, childbirth, or related medical conditions), sexual orientation, gender, gender identity, gender expression, transgender status, sexual stereotypes, age, status as a protected veteran, status as an individual with a disability, or other applicable legally protected characteristics. We also consider qualified applicants with criminal histories, consistent with applicable federal, state and local law. Meta participates in the E-Verify program in certain locations, as required by law. Please note that Meta may leverage artificial intelligence and machine learning technologies in connection with applications for employment.

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