Engineer III, Mechanical

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Work Schedule
Standard (Mon-Fri)
Environmental Conditions
Office
Job Description

At Thermo Fisher Scientific, you’ll do meaningful work that makes a positive impact on a global scale. Our teams are united by our Mission to enable our customers to make the world healthier, cleaner, and safer. We provide colleagues with opportunities to grow while developing innovative solutions that address complex scientific and manufacturing challenges.

Position Summary  
We are seeking a Engineer III – Mechanical to lead should-cost analysis and cost engineering activities across complex mechanical components, assemblies, and products. This role will develop robust, data-driven cost models that improve cost transparency, enable design-to-cost decisions, strengthen supplier negotiations, and identify sustainable value improvement opportunities. 
You will partner with Design Engineering, Procurement, Category Management, Manufacturing, and suppliers to understand product cost drivers and evaluate alternative materials, manufacturing processes, and design concepts. The role requires strong manufacturing process knowledge, commercial awareness, and the ability to translate engineering data into actionable cost insights.

Key Responsibilities  
Develop detailed should-cost and clean-sheet cost models for mechanical components, subassemblies, and complete products 
Analyze cost drivers including raw materials, manufacturing processes, cycle time, tooling, labor, machine rates, overhead, yield, and logistics  
Partner with Design Engineering to embed design-to-cost and value engineering principles throughout the product development lifecycle 
Perform supplier quote analysis and cost breakdown assessments , identifying gaps between supplier quotations and should-cost estimates 
Collaborate with Procurement and Category Management to provide fact-based cost insights that support supplier negotiations and sourcing decisions  
Evaluate alternative materials, manufacturing processes, design concepts, and sourcing scenarios to improve cost competitiveness without compromising quality or performance 
Assess supplier manufacturing processes and recommend opportunities to improve productivity, manufacturability, and cost efficiency  
Build product-level cost models by consolidating component, assembly, tooling, processing, and supply chain costs 
Perform cost-benefit, total cost of ownership (TCO), make-versus-buy, and manufacturing footprint analyses where applicable 
Establish standard work, methodologies, assumptions, and validation practices for should costing 
Improve cost-model accuracy by benchmarking estimates against supplier quotations, actual costs, and manufacturing data 
Lead continuous improvement of costing methodologies, databases, tools, and analytical processes  
Provide technical guidance and mentoring to engineers and cross-functional teams on cost engineering and design-to-cost practices 
Communicate cost insights, opportunities, risks, and recommendations clearly to technical and business stakeholders

Minimum Qualifications  
Bachelor’s degree in Mechanical Engineering, Automobile Engineering, Mechatronics Engineering , or a related engineering discipline 
10+ years of experience in should costing, cost engineering, manufacturing cost analysis, or value engineering  
Demonstrated experience developing detailed cost models for mechanical components and manufacturing processes

Preferred Qualifications  
Deep manufacturing knowledge across CNC machining, sheet metal fabrication, casting, forging, plastics/injection molding, composites, rubber, metal injection molding (MIM), and related processes  
Strong understanding of secondary operations, heat treatment, surface treatments, coatings, finishing, and assembly processes  
Ability to interpret complex engineering drawings, GD&T, tolerances, material specifications, and BOM structures  
Working knowledge of engineering and drawing standards such as ASME, ANSI, ISO, DIN, JIS, and BS  
Hands-on experience with should-cost and manufacturing cost tools such as aPriori, DFMA, Costimator, or equivalent platforms  
Experience with TCO, NPV, make-versus-buy, supplier cost breakdown, and cost-driver analysis  
Proficiency in interpreting 2D/3D engineering data using tools such as Creo, SolidWorks, AutoCAD, or equivalent CAD platforms  
Experience supporting VAVE, design-to-cost, teardown, benchmarking, and cost reduction initiatives  
Strong understanding of global manufacturing economics, supplier capabilities, and regional cost drivers 
Strong analytical skills with the ability to convert complex technical and commercial data into actionable recommendations 
Demonstrated ability to influence Engineering, Procurement, Manufacturing, Quality, and Supplier teams in a global, matrixed environment 
Strong communication, presentation, negotiation-support, and stakeholder management skills

Key Skills  
Should Costing, Clean-Sheet Costing, Design-to-Cost, VAVE, Cost Breakdown Analysis, Supplier Quote Analysis, Manufacturing Process Costing, Machining, Sheet Metal, Casting, Forging, Plastics, MIM, GD&T, aPriori, DFMA, Costimator, TCO/NPV, CAD Interpretation, Supplier Negotiation Support, Make-vs-Buy, Cost Benchmarking, Value Engineering

Key Competencies  
Cost and commercial acumen 
Manufacturing process expertise 
Data-driven decision-making 
Structured problem-solving 
Cross-functional influence 
Supplier collaboration 
Continuous improvement 
Ownership and execution discipline

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