Senior Product Cost Engineer

Overview:

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ENERPAC TOOL GROUP – Who we are?

Enerpac Tool Group Corp. is a premier industrial tools, services, technology, and solutions provider serving a broad and diverse set of customers in more than 100 countries. The Company makes complex, often hazardous jobs possible safely and efficiently. Enerpac Tool Group’s businesses are global leaders in high pressure hydraulic tools, controlled force products, and solutions for precise positioning of heavy loads that help customers safely and reliably tackle some of the most challenging jobs around the world. The Company was founded in 1910 and is headquartered in Milwaukee, Wisconsin. Enerpac Tool Group common stock trades on the NYSE under the symbol EPAC.

For further information on Enerpac Tool Group and its businesses, visit the Company's website at

Summary – basic function of the role

We have an exciting opportunity for an experienced Senior Product Cost Engineer to join our team in Alcobendas, Madrid. This is a hands-on, high-impact role offering the opportunity to shape and develop Enerpac's global Product Cost Engineering capability while driving meaningful cost reduction across our product portfolio. Working on-site four days per week with flexibility to work from home on Fridays, you will partner closely with Engineering, Supply Chain, Operations and suppliers to identify and deliver sustainable cost savings through Value Analysis / Value Engineering (VAVE), product redesign, material optimisation, manufacturing improvements and supplier solutions. As the first dedicated hire in this capability, you will play a key role in establishing the tools, methodologies and best practices that will support Enerpac's long-term cost competitiveness and growth.

Job Duties and Responsibilities

- Identify, develop, and lead engineering-led product cost reduction opportunities across existing product portfolios.
- Lead VAVE projects from opportunity identification and concept development through validation, engineering change, and implementation.
- Develop cost-down concepts through product redesign, component standardization, material optimization, alternative manufacturing processes, and supplier solutions.
- Analyze product designs, BOMs, manufacturing processes, and specifications to identify key cost drivers and optimization opportunities.
- Build technically robust business cases and quantify potential and realized cost savings.
- Establish cost as a key engineering design parameter and support the implementation of Design-to-Cost principles.
- Define and monitor cost targets at component, subsystem, and product level.
- Promote Design for Manufacture and Assembly (DFMA) principles across product development and engineering activities.
- Facilitate structured VAVE and cost reduction workshops with Engineering, Supply Chain, Operations, and other key stakeholders.
- Partner with Category Management and Supply Chain teams to provide technical support for supplier re-sourcing and savings initiatives.
- Evaluate alternative materials, suppliers, components, and manufacturing processes while assessing associated technical and commercial risks.
- Generate engineering concepts, calculations, drawings, specifications, and product modifications as required.
- Manage engineering changes through established product development, PLM, validation, and release processes.
- Ensure proposed changes maintain required safety, regulatory, quality, reliability, and product performance standards.
- Support product testing, validation, and qualification activities associated with cost reduction initiatives.
- Build and maintain a prioritized pipeline of VAVE and cost optimization opportunities.
- Develop Product Cost Engineering tools, templates, metrics, and methodologies, including should-cost and cost modelling approaches.
- Track implemented initiatives and support validation of realized savings.
- Help establish Product Cost Engineering as a scalable global technical capability within Enerpac.

Skills and Competencies

- Strong mechanical engineering and product design capability within an industrial or manufacturing environment.
- Demonstrated ability to identify and deliver measurable product cost reductions.
- Strong knowledge and practical application of VAVE, Design-to-Cost, DFMA, and product cost optimization methodologies.
- Strong understanding of manufacturing processes, ideally including several of the following:

- Machining
- Casting
- Forging
- Fabrication
- Injection molding
- Hydraulics
- Assembly processes
- Supplier manufacturing methods

- Strong CAD capability; Creo experience preferred.
- Good understanding of BOM structures, product configuration, and engineerin