Cost Engineer

Transport is at the core of modern society. Imagine using your expertise to shape sustainable transport and infrastructure solutions for the future. If you seek to make a difference on a global scale, working with next-gen technologies and the sharpest collaborative teams, then we could be a perfect match. 

At Function & Software Defined Vehicles (FSDV), we shape tomorrow’s technology by delivering sustainable, innovative, and data driven solutions that improve safety, efficiency, and performance throughout the vehicle lifecycle. We support the Volvo Group engineering community with advanced tools, methods, and architectures that enable continuous customer value even after start of production.

Our strategy is to accelerate the Software Defined Vehicles journey by using a layered software and electronic architecture with industry standard interfaces, enabling faster development and regional adaptation. By decoupling hardware from software, we ensure that software can evolve independently, unlocking flexibility, scalability, and long term performance improvements. We align our electrical and software architecture with business and operational models to fully leverage the potential of Software Defined Vehicles.

Shape the future of sustainable transport through smart cost engineering.

At Volvo Group, we are driving the transition to sustainable and connected transport solutions. We are now looking for a Cost Engineer within Electrical & Electronics (E&E) to join our Product Finance organization.

In this role, you will combine technical expertise with business acumen to influence product development, sourcing strategies, and commercial decisions. You will work at the forefront of emerging technologies, supporting the development of future truck, bus, and power solutions while ensuring value-driven purchasing decisions.

What You Will Do

As a Cost Engineer, you will be responsible for estimating part costs and tooling investments for both new product development and existing products. You will support development teams from the earliest concept phase through sourcing and implementation, helping to drive cost-efficient design and manufacturing decisions.

Your responsibilities will include:

• Estimating costs for components and systems within the Electrical & Electronics area, including wiring harnesses, alternators, starter motors, and other electrical and electronic products.
• Performing cost target setting, cost breakdowns, and manufacturing process analysis based on technical documentation, CAD data, drawings, and physical components.
• Supporting engineering teams with cost estimates and analyses to guide product and design decisions.
• Providing fact-based cost models and negotiation support to purchasing teams.
• Contributing expertise to strategic business cases, cost workshops, benchmarking activities, and teardowns.
• Supporting change management activities by assessing the impact of engineering changes on product and tooling costs.
• Collaborating closely with purchasing, engineering, project management, module management, and colleagues across Product Finance.
• Visiting supplier manufacturing sites to discuss production methods, cost drivers, investments, and manufacturing efficiency.

The role offers a unique opportunity to gain insight into future technologies and contribute to innovative solutions within a rapidly evolving technical landscape.

Who Are You?

We are looking for someone who combines strong technical competence with analytical thinking and commercial understanding.

You likely have expertise in one or more of the following areas:

• Electrical systems / Electronics / Electromechanics
• Wiring and wiring harnesses
• Manufacturing and production processes

Additionally, we believe you have:

• B.Sc. degree in Electrical Engineering, Electronics Engineering, Manufacturing Engineering, or equivalent experience.
• Experience from product development, manufacturing engineering, maintenance engineering, sales engineering, or related technical fields.
• Experience within the automotive industry, manufacturing, or supply chain environments.
• A structured and analytical approach to problem solving.
• Strong communication skills and the ability to collaborate with stakeholders at different levels.
• Fluency in English, both written and spoken.

Experience in any of the following areas is considered an advantage:

• Cost engineering or cost calculations
• CAD tools
• Financial analysis
• Lean manufacturing methodologies

What Will Make You Successful?

As a person, you are curious, open-minded, and eager to continuously learn. You enjoy diving deep into technical details while also understanding the commercial impact of decisions.

You thrive in a collaborative environment and are motivated by helping others succeed. You embrace new challenges with energy and enthusiasm and are comfortable influencing decisions through data-driven insights and sound business judgment.

Most importantly, you are passionate about technology and enjoy being the expert who helps turn innovative ideas into competitive and cost-efficient products.

Ready for the Next Step?

Join us and play a key role in shaping future transport solutions while working in a global environment where technology, business, and sustainability come together.

If you’re looking to grow your expertise and broaden your responsibility, this is a fantastic internal opportunity within Volvo Group.

We look forward to hearing from you!

Last application Date - 28th September 2026

If you would like to know more about this position, please feel free to contact:

Hiring Manager: Laura Stavby - laura.stavby@volvo.com
Talent Acquisition Partner: Arpitha Bangalore Giri - arpitha.bangalore.giri@volvo.com

We value your data privacy and therefore do not accept applications via mail. 

Who we are and what we believe in 
We are committed to shaping the future landscape of efficient, safe, and sustainable transport solutions. Fulfilling our mission creates countless career opportunities for talents across the group’s leading brands and entities.

Applying to this job offers you the opportunity to join Volvo Group. Every day, you will be working with some of the sharpest and most creative brains in our field to be able to leave our society in better shape for the next generation. ​We are passionate about what we do, and we thrive on teamwork. ​We are almost 100,000 people united around the world by a culture of care, inclusiveness, and empowerment. 

Trucks Technology & Industrial Division hire team players who are ready to create real customer impact. Our decentralized teams work close to our customers, with speed and autonomy, to build what they truly need. 
Join us to collaborate on innovative, sustainable technologies that redefine how we design, build, and deliver value. Bring your curiosity, your expertise, and your collaborative energy, and together, we’ll turn bold ideas into tangible solutions for our customers and contribute to a more sustainable tomorrow.