Senior Engineer - Cost Management and Planning

About the role

A semiconductor fab is looking for an experienced, detail-oriented Cost Management and Planning Engineer to support the planning, estimating, budgeting and cost management of the fab. The role covers setting up expense management controls, monitoring expenditures and commitments, preparing cost forecasts, managing changes and variations, and giving timely cost performance information to management. It works closely with engineering, material management and project teams to find cost-saving opportunities without compromising safety, quality, reliability or fab requirements.

Key responsibilities

• Establish and maintain cost management procedures, systems, processes and benchmarking data.
• Develop and maintain the Cost Breakdown Structure (CBS) and cost coding system aligned with the Work Breakdown Structure (WBS).
• Track actual spending against approved budgets, analyse commitments, accruals and remaining budget, and flag potential cost overruns early.
• Identify cost variances, recommend corrective actions, and prepare monthly expenditure reports, yearly budget forecasts and management dashboards.
• Prepare a biweekly rolling forecast and periodic cost-down projects report, and coordinate with finance so commitments are accurately captured.
• Identify budget shortfalls and unused funds, and support budget transfers, reallocations and management reserve control.
• Maintain accurate cost-down projects records throughout the project lifecycle.

Required profile

• Bachelor's degree in industrial engineering, manufacturing engineering or a related field.
• Knowledge of semiconductor manufacturing, with exposure to wafer fab operations.
• Prior experience in capacity planning, cycle time management, WIP control and productivity optimisation in a fab is an added advantage.
• Good communication and presentation skills, and the ability to turn complex data into actionable insights.
• High level of accountability, adaptability and comfort in a fast-paced manufacturing environment.

Required skills

• IE methodologies such as line balancing, bottleneck management and cost modelling.
• Data analysis tools such as JMP, SQL, Tableau/Power BI and MES systems such as PROMIS are an added advantage.