Product Cost Engineer

Req ID: 484607

Location: Derby

Appointment Basis: Permanent

Apply by: 05/09/2025

Salary: circa £50,000 plus bonus

At Alstom, we understand transport networks and what moves people. From high-speed trains, metros, monorails, and trams, to turnkey systems, services, infrastructure, signalling and digital mobility, we offer our diverse customers the broadest portfolio in the industry. Every day, 80,000 colleagues lead the way to greener and smarter mobility worldwide, connecting cities as we reduce carbon and replace cars.

Your future role

As a Product Cost Engineer, you will be responsible for estimating the technical costs of parts and systems as defined by the engineering team. You will participate at the creation of the target cost and support the engineering team in the design to cost way of working. You will also play a key role in supporting the sourcing team in the negotiation with the suppliers

This position bridges engineering and procurement, helping to drive cost efficiency and value optimisation.

We’ll look to you for:

• Based on the Specifications of a family of product:
• Create a cost model on a family of product
• Evaluate the technical cost of the component by using cost model approach
• Based on the Design of the component:
• Take assumptions about the industrial processes
• Calculate the technical cost of the component by using the appropriated tool
• Contribute to the improvement of the cost metier:
• To be a referent on a process or a family of product
• Share the feedback coming from the supplier
• Formalise the saving opportunities

All about you

We value passion and attitude over experience. That’s why we don’t expect you to have every single skill. Instead, we’ve listed some that we think will help you succeed and grow in this role:

• Good product knowledge
• Good industrial Process knowledge
• Good communication skills
• Proactive self-starter
• Engineering background and knowledge is desirable
• Able to use design software platforms, for e.g. DMA/CATIA for basic work is desirable
• Able to use SAP to extract costing information

Things you’ll enjoy

Join us on a life-long transformative journey – the rail industry is here to stay, so you can grow and develop new skills and experiences throughout your career.

You’ll also:

• Enjoy stability, challenges and a long-term career free from boring daily routines
• Collaborate with transverse teams and helpful colleagues
• Contribute to innovative projects
• Utilise our dynamic, inclusive, and safety-focused working environment" ,
• Steer your career in whatever direction you choose across functions and countries
• Benefit from our investment in your development, through award-winning learning
• Benefit from a fair and dynamic reward package that recognises your performance and potential, plus comprehensive and competitive social coverage (life, medical, pension)
• Up to 52 weeks full maternity and adoption pay
• 25 days annual leave plus bank holidays, with the opportunity to buy or sell holiday
• A wide range of flexible benefits that you can tailor to suit your lifestyle

You don’t need to be a train enthusiast to thrive with us. We guarantee that when you step onto one of our trains with your friends or family, you’ll be proud. If you’re up for the challenge, we’d love to hear from you!

Equal opportunity statement:

Alstom is an equal opportunity employer committed to creating an inclusive working environment where all our employees are encouraged to reach their full potential, and individual differences are valued and respected. All qualified applicants are considered for employment without regard to race, colour, religion, gender, sexual orientation, gender identity, age, national origin, disability status, or any other characteristic protected by local law.

As a 'Disability Confident' employer, we will interview all disabled job applicants who match the essential criteria of the job description or specification. We will consider flexible working requests for all roles unless operational requirements prevent otherwise.