Cost Engineer

Country/Region:  AU
State:  WA
City:  Perth
Job ID:  3358

About Us


Fortescue is both a proud West Australian company and a global green solutions business. We are recognised for our culture, innovation and industry-leading development of infrastructure, mining assets and green energy initiatives.

Our Opportunity


Work location: Fortescue's Redcliffe & Hazelmere offices are located on the traditional lands of the Whadjuk people

Roster: 5/2 roster (Monday to Friday)

In support of Fortescue’s strong focus on green energy and our carbon neutrality targets, one of our key initiatives will be in our Heavy Industry projects whereby we will develop and test a range of technologies to power our mining fleet and rail locomotives.

Based out our new Redcliffe and Hazelmere R&D facilities and reporting to the Heavy Industry Integration Principal Engineer, we are presently looking for a Cost Engineer to join our Infinity rail project.

Key Responsibilities


  • Conduct comprehensive cost analyses of existing products and processes to identify areas for cost reduction and value enhancement.
  • Apply value engineering principles to optimize product designs, processes, and materials, ensuring improved performance and functionality while reducing overall costs.
  • Collaborate with cross-functional teams, including engineering, manufacturing, and supply chain, to brainstorm and implement cost-effective solutions.
  • Evaluate and recommend alternative materials, manufacturing methods, and technologies to achieve cost savings without compromising quality.
  • Work closely with suppliers to negotiate favorable terms, reduce material costs, and enhance overall supply chain efficiency.
  • Assess and optimize manufacturing processes for increased efficiency and reduced production costs.
  • Conduct lifecycle cost analyses, considering the entire product lifecycle from manufacturing to end-of-life.
  • Identify potential risks associated with cost reduction strategies and propose effective risk mitigation measures.
  • Maintain detailed documentation of cost analyses, design changes, and improvement initiatives.
  • Stay informed about industry trends, emerging technologies, and best practices to drive continuous improvement.

Qualifications and Experience


  • Bachelor's and/or Masters degree in Engineering (Mechanical, Electrical, Cost, Systems or related field).
  • 5+ years of relevant experience in VAVE or Cost Engineering in the product development industry
  • Strong technical skills with proficiency in engineering principles, design processes and manufacturing techniques.
  • Excellent analytical and problem-solving skills with a keen attention to detail.
  • Effective project management skills, including the ability to manage cross-functional teams and projects.
  • Outstanding communication skills, both written and verbal, with the ability to present complex technical information in a clear and concise manner.
  • Proven negotiation skills and experience in supplier relationship management.
  • Familiarity with industry regulations and standards related to product design and manufacturing.
  • Proficiency in data analysis tools and the ability to develop cost models.
  • A continuous learner with a proactive approach to staying updated on industry trends and best practices.

Our Commitment


Fortescue is deeply committed to providing a safe culture that builds respect, fosters inclusiveness, and values diversity. We celebrate individual strengths and team members from all backgrounds are encouraged to bring their whole selves to work. Our global workforce drives and promotes an inclusive culture, both within our organisation and throughout the communities we interact with across the world. Diverse backgrounds include First Nations Peoples, people with differing abilities, LGBTIQ+ community, gender, neurodiverse, cultural diversity, all age groups, and those with an intersectional or multiple diverse characteristics. We encourage candidates from all backgrounds to apply. 


Internal Candidates / Current Contractors please apply via Success Factors Careers Portal. For further information on how to apply please visit the Fortescue Hub. 


Fortescue reserves the right to close applications early should a suitable pool of candidates be identified. Fortescue will never contact you to ask for payment of any kind, whether directly or through a third party.