Careers at MGA Entertainment

Cost Engineering Manager

Requisition ID: 9200358699877_1
Location: Los Angeles, CA, US
Date posted: Feb 14, 2022

Company Summary: MGA Entertainment, a consumer entertainment Products Company headquartered in Chatsworth, California, manufactures innovative lines of proprietary products for the toy and consumer electronics market.  The company also licenses its IP in such areas as apparel, home décor, stationery and sporting goods. The MGA family includes award-winning brands such as LOL Surprise, Little Tikes®, Project MC2, and Zapf Creation®. For more information please visit www.mgae.com.

Mission: Enable the Most Cost Effective Product to Meet Target Margin. Provide leadership to the subordinates 

Key Result Areas

Time Utilization

1.

Product Specifications Review and Study

25%

2.

Vendor Quotations Analysis and Negotiation

30%

3.

Product Cost Estimation

25%

4.

Identify Cost Drivers and support Product cost improvement

10%

5.

6. 

Database Maintenance

Lead and Coach of subordinates

5%

5%

TOTAL TIME UTILIZATION

100%

Position Requirements

Education/Experience:

  • Degree in Manufacturing, Industrial, Electronics or Textile Engineering or equivalent 
  • 5-10 years of solid experience in toy industry preferably at manufacturing field
  • Experience in Production Engineering, Project Engineering and Costing

Skills/Knowledge/Ability:

  • Understanding of toy design development and manufacturing process
  • Aggressive, proactive, analytical mind, cost sensitive and well organized
  • Good negotiation and good interpersonal skills
  • Able to travel to (Hong Kong, China or others as needed)
  • Ability to speak in Cantonese and Mandarin is a plus.
  • Strong knowledge of Microsoft Office application. Working knowledge of Microsoft Access and SQL server is plus
  • Team player and willing to help others
  • Strong multi-tasking skills and able to work in fast pace environment
  • Clear and strong communication skills and able to provide constructive suggestion to the team

Authority

  • Report directly to Director of Cost Engineering
  • Lead Cost Avoidance and Provide Product costing support to USPD/Pkg, HKPD, Planning, Finance and Sales function

Key Result Areas and Activities

Product Specifications Review and Study:

  • Review and study all the details on Product Matrix, 2D / 3D drawings, model, components spec, deco callouts, PDB, R&G specification, and other associated information, enable them to be ready for costing
  • Participate in regular product status review meeting

Vendor Quotations Analysis and Negotiation:

  • Review and follow up detailed quotations from vendors
  • Keep track of design changes vs different version of quotations
  • Search for the most cost effective suppliers on components
  • Conduct cost comparison between vendors, against existing one and internal estimate or outside market in a presntatable manner
  • Analyze quotations, identify cost improvement  and negotiated area, devise overall approach for negotiation
  • Conduct negotiation with vendors on all aspects of product cost 
  • Leverage a final cost and special offer from vendors as needed
  • Provide support in Costing Software vendor management and Master Data Maintenance

Product Cost Estimation:

  • Work on internal product cost estimate basing on the design and engineering input
  • Conduct predictive costing and be able to determine process estimate such as decoration count, process hours for various manufacturing process
  • Conduct what if costing scenarios for different design and engineering scenarios
  • Get with components suppliers for competitive quotes

Identify Cost Drivers and support Product Cost Improvement:

  • Analyze, identify cost drivers and cost overrun design
  • Propose cost improvement area from manufacturing and product engineering perspective
  • Prepare cost options and scenarios
  • Participate in cross functional product cost improvement activities  
  • Can Lead Cost Avoidance meetings

Database Maintenance :

  • Timely maintain approved cost in Smartsheet 
  • Timely upload and maintain approved cost details
  • Create Cost Material Breakdown (CMB) for Item Set up
  • Costing Software data maintenance and data mining
  • Other data maintenance as directed

Lead and Coach subordinates :

  • Lead and coach subordinates in accomplishing assigned duties
  • Keep track and feedback of the subordinates’ overall execution of assignment
  • Other leading task as assigned