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Job Information

Philips Industrial Cost Engineer in Gaggio Montano, Italy


In this role, you have the opportunity to

provide business support to optimize the financial performance of innovation projects; provide meaningful, accurate and timely reporting and analysis on business performance thereby; support relevant stakeholders to make fact-based sound business decisions; receive project assignments in the form of objectives and determine how to use resources to meet schedules and goals

You are responsible to

  • Advise the business on all finance related issues to optimize the financial performance (eg strategic plan, make or buy, etc)

  • Create profitability analyses and review alternatives to optimize the result

  • Create and maintain cost calculations

  • Review quotations of suppliers and provide feedback

  • Perform (competitive) products teardowns and conduct independent products cost estimates and generate improvements ideas

  • Responsible for managing relevant stakeholders in one or more defined projects

  • Actively supporting the proposed improvements in relation with WoW, methods, tools and standards

To succeed in this role, you should have

  • Master's Degree in Economics or Engineering

  • At least 5 years' solid experience in a similar role

  • Fluent English and Italian (nice to have)

  • Basic Financial insight and feeling for "numbers" on one side and technical knowledge on the other side and able to determine cost prices of different type of parts/products

  • Understand relation and connection between cost prices calculations, business cases, P&L and Balance sheet with strong understanding of the cost drivers of related products

  • Able to challenge organization to develop cost effective products, providing financial advise during decision making process

  • Works on problems within defined project team where analysis of data requires evaluation of identifiable factors

You are part of

Innovation & Development team, in direct line to I&D Manager with second (dotted) reporting line to the Manager Industrial Cost Engineering I&D

In return, we offer you

the opportunity to join a multi Functional and international team offering numerous opportunities for personal growth and professional evolution. At Philips, you will find people who share your passion for delivering innovative solutions that will improve the life of people around the world.

Why should you join Philips?

Working at Philips is more than a job. It’s a calling to create a healthier society through meaningful work, focused on improving 3 billion lives a year by delivering innovative solutions across the health continuum at . Our people experience a variety of unexpected moments when their lives and careers come together in meaningful ways. Learn more by watching this video .

To find out more about what it’s like working for Philips at a personal level, visit the Working at Philips page at on our career website, where you can read stories from our employee blog at . Once there, you can also learn about our recruitment process at , or find answers to some of the frequently asked questions at