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Business:  Hiab
Job Function:  R&D

Dundalk, IE

Product Cost Engineer

As pioneers and global leader, Hiab is ambitious to write forward our success story, inspiring and shaping our industry. The world in which we operate with our class-leading products, intelligent services and innovative digital solutions is constantly changing.

Purpose of the position:

We are looking for an experienced Product Cost Engineer to join our R&D team who will be responsible for the evaluation of cost and process efficiencies for current and future prototype and production designs, will drive and implement improvement initiatives to the supply base in order to add tangible value to all stages of the product life cycle and help to identify and high quality cost efficient product to market. Position holder will collect and analyse data and information in order to estimate costs associated with the manufacturing of products. The purpose of the position is to drive proactively towards cost target objectives in collaboration with a cross functional team and take the lead for reducing component count within the design and manufacturing process and look to deliver the most cost-efficient product without detriment to quality.

Main tasks and responsibilities: 

  • Researching, diagnosing, troubleshooting and identifying solutions to resolve issues affecting the product cost development of assigned products or categories 
  • Work closely with technical teams to enhance the quality of existing products 
  • Anticipate cost avoidance opportunities from dedicated review or product BoM (Bill of Material) and achieving cost reduction opportunities via close working with Global Category Sourcing, Supplier Development and Manufacturing teams 
  • Identify and evaluate potential opportunities for component redesign which will result in contained or reduced purchase, manufacturing, assembly and/or testing costs 
  • Drive cost modelling and tear down efforts 
  • Develop and implement use of Value Engineering tools to drive consistency across all efforts 
  • Actively participate on product development teams, to ensure optimization of the Engineering/Supply Chain interface and supplier input 
  • Support engineering change process by reviewing proposed changes, engineering drawings, documentation, and change timing and their impact on supply chain and the supply base in conjunction with Site procurement and Category Sourcing Functions 
  • Support supplier development initiatives executed as a function of commodity and/or supplier strategies 
  • Participate in the technical evaluation and technical performance measurement of the supply base 

What you’ll need to succeed: 

  • Degree in Mechanical or Electrical Engineering 
  • Relevant industrial experience may compensate for lack of formal education 
  • 3+ years in design experience preferred 
  • Product development experience on a project from concept phase through launch phase preferred 
  • Strong demonstration of experience interacting with the supply chain function and the supply base 
  • Supplier development experience preferred 
  • Theoretical and applied knowledge of steel structures, hydraulic and electrical systems related to mobile equipment preferred 
  • Strong understanding of assembly processes and good understanding of manufacturing processes 
  • Good skills in 3D CAD systems, Creo or Pro Engineer experience preferred 
  • Experience in using ERP systems. LN Bann is beneficial
  • Experience in quality tools like PPAP, APQP, FMEA & Six sigma (Green Belt) 
  • Working knowledge of FMEA, Validation Programs and SPC processes 


  • Good interpersonal and multicultural communication skills 
  • Collaborative and a “can do” mind-set 
  • Drive for continuous improvement 
  • Good influencing and negotiation skills 
  • Project management skills 

Interested to join? 
If you are excited about this opportunity, please submit your CV.


Hiab is part of Cargotec

Hiab is the world's leading provider of on-road load handling equipment, intelligent services and digitally connected solutions. As the industry pioneer, Hiab's more than 3,300 employees worldwide focus on our commitment to increase efficiency in our customers' businesses and to shape the future of intelligent load handling.


Hiab's offering encompasses class-leading load-handling equipment, including HIAB loader cranes, LOGLIFT and JONSERED forestry and recycling cranes, MOFFETT truck mounted forklifts, MULTILIFT demountables, and tail lifts under the ZEPRO, DEL, and WALTCO fabrands. Hiab's ProCareTM service, award-winning HiVisionTM crane control system, and HiConnectTM platform demonstrate our constant drive to provide intelligent services and connected solutions that add value to our customers.


Hiab is part of Cargotec. Cargotec's (Nasdaq Helsinki: CGCBV) sales in 2020 totalled approximately EUR 3.3 billion and it employs around 11,000 people.