Cost Engineer

Please Note: If you are a current Spin Master employee with access to Workday, apply to this job via the Workday application.

Are you a kid at heart looking to build a career with a leading global children's toy, entertainment and digital gaming company?

At Spin Master, our unwavering commitment to open mindedness, integrity and innovation is a great part of what has made us an industry leader. How do we stay ahead of the pack? By hiring the best and brightest minds—and that’s why we want you!

Job Description:

What will you work on? You will be responsible for leading cost optimization across Spin Master’s global product portfolios, from initial concept through production, to maximize consumer value and ensure product profitability. In this role, you will generate preliminary cost estimates from sketches or early CAD models, apply design-for-manufacturing/assembly (DFMA) principles, and partner with large cross-functional teams to balance design integrity, technical feasibility, and business financial targets.

How will you create impact?

• Provide accurate preliminary cost estimates for parts, assemblies, and finished goods across diverse toy product categories.

• Collaborate with Product Design, Development, and Brand Marketing to provide technical guidance and cost assessments on new concepts.

• Lead product cost optimization and Value Analysis/Value Engineering (VA/VE) meetings to identify cost reduction opportunities and improve margin performance.

• Analyze and itemize product functions or assemblies to assist design and marketing teams with feature prioritization.

• Train, guide, and mentor product development team members on cost estimation methodologies and cost reduction techniques.

• Partner with Global Sourcing teams to evaluate vendor quotations, establish initial component costs, and drive overall reductions in tooling capital expenditures.

• Maintain and evolve internal ballpark costing tools, metrics, and portfolio management software.

• Conduct on-site evaluations at production vendors to support brand-wide cost-saving initiatives and optimize manufacturing processes.

• Assess new materials, automation opportunities, and advanced manufacturing techniques for integration into future product lines.

What are your skills and experience?

• Proven track record in cost engineering, cost estimating, product engineering, or a related development-support field.

• Deep technical knowledge of manufacturing processes, including injection molding, automated assembly, wood, plastics, fabrics, electronics, and packaging components.

• Strong competency in applying design-for-manufacturing and design-for-assembly (DFMA) principles.

• Demonstrated ability to interpret design sketches, preliminary CAD, and technical specifications to build robust bottom-up cost models.

• Experience leading cross-functional cost-reduction initiatives and presenting project progress to executive leadership.

• Prior experience in toys, games, soft goods, or consumer packaged goods (CPG) is preferred.

• Bachelor’s or Master’s degree in Mechanical Engineering, Industrial Engineering, or a related engineering discipline is preferred.

• Ability to travel domestically and internationally to support on-site vendor projects.

#LI-HM1 #LI-Hybrid

The anticipated pay range for candidates who will work in Connecticut is $105,000 to $115,000 Per Annum. The offered pay to a successful candidate will be dependent on several factors that may include but are not limited to years of experience within the job, years of experience within the required industry, education, etc. Spin Master Inc. is a multi-state employer, and this salary range may not reflect positions that work only in other states.

This job posting is tied to an open vacancy.

What you can expect from us:

Our mission is to Make Life More Fun with a vision to push the boundaries of innovation, creativity, and fun.

• Growth and Career Opportunities

• Flexible Work Hours

• Innovation, Collaboration and Fun

• Comprehensive Benefits

• Other fun Perks!

What’s it like to work here?

Spin Master is a fast-paced, hands-on organization that provides many great opportunities for impactful decision-making; though our challenging start-up atmosphere isn’t for everyone, we have a proven record of opportunities for future advancement and internal transfers for our passionate and results driven team.

Everyone is welcome in our sandbox and we are committed to an accessible and inclusive hiring process that provides reasonable accommodation to all applicants.

Spin Master strives to create an accessible and inclusive application and selection process and is committed to working with and providing reasonable accommodation to job applicants who may require provisions to participate in the recruitment, selection and/or assessment processes. Should you require an accommodation, please contact our Talent Acquisition team, by email at TAinquiries@spinmaster.com or by phone at 416 364-6002 and we will work with you to meet your accessibility needs.

Follow us on Instagram and Twitter @SpinMaster to stay up to date on Spin Master career opportunities.

We do appreciate all interest; however only those selected for interview will be contacted.