Project Engineer III - Value Engineering (VE)

Job description

Job Description: Project Engineer III – Value Engineering (VE) The Value Engineering Project Engineer III leads cross-functional initiatives focused on cost reduction, product optimization, and continuous improvement while maintaining performance, durability, and user value. This role operates within the project leader hierarchy and collaborates closely with global engineering, sourcing, quality, manufacturing, and product management teams to drive VE strategy and execution. Key Responsibilities Lead multiple low to moderately complex Value Engineering projects from concept through implementation Drive product teardowns, benchmarking, cost modeling, and opportunity identification Develop and execute project plans, schedules, and risk mitigation strategies Lead technical tradeoff discussions focused on cost, performance, and schedule Interface with global suppliers to develop cost-effective design solutions within process capabilities Validate alternative materials, components, and supplier proposals Coordinate qualification testing to ensure safety, durability, and performance requirements Track project progress and provide regular updates to leadership on savings, risks, and timelines Collaborate with cross-functional teams (Quality, Manufacturing, Sourcing, Finance , Product Management , etc. ) to ensure successful implementation Support production and continuous improvement initiatives across global manufacturing locations Required Qualifications Bachelor of Science degree in Engineering 4 + years of relevant engineering experience Experience managing product development or Value Engineering projects Strong understanding of electromechanical systems, materials, and manufacturing processes Results driven and deadline orientated Ability to manage several simultaneous projects to aggressive schedules and results Ability to handle fast paced, and agile culture Experience with DFMA, cost modeling, and root cause analysis Strong analytical, problem-solving, and project leadership skills Experience with global suppliers and overseas manufacturing environments Familiarity with CAD tools and simulation techniques Experience with teardown benchmarking and cost optimization strategies Ability to draft comprehensive test plans and specifications 10% international travel required We offer competitive wages and a comprehensive benefits package – tuition assistance, 401(k), medical/dental/vision coverage, vacation and holidays.