Principal, Costing Engineer

Schneider Electric

Full-time Engineers
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Location
Bengaluru, Karnataka, India
Posted
July 25, 2026

Job Description

Position Summary
The Cost Management Lead is responsible for establishing, governing, and optimizing the end-to-end cost structure of new offers/products during the New offer lifecycle.
The role ensures that new offers are launched within target cost, achieve required profitability and meet business case commitments through close collaboration with Engineering, Procurement, Manufacturing, Supply Chain and Product Management teams.
This position serves as the single point of ownership for cost competitiveness, target costing, value engineering, and financial viability of new offers from concept to industrialization.
Purpose of the Role
To ensure all new offers are developed, industrialized, and launched with competitive cost structures that meet market expectations, achieve target margins, and support sustainable business growth through disciplined cost management and value engineering
Key Responsibilities
Target Cost Management...