Cost Engineer

CREATIVITY IS OUR SUPERPOWER. It’s our heritage and it’s also our future. Because we don’t just make toys. We create innovative products and experiences that inspire, entertain and develop children through play. Mattel is at its best when every member of our team feels respected, included, and heard—when everyone can show up as themselves and do their best work every day. We value and share an infinite range of ideas and voices that evolve and broaden our perspectives with a reach that extends into all our brands, partners, and suppliers

The Opportunity:

Mattel Brick Shop is seeking a Cost Engineer located at our manufacturing plant in Monterey, Mexico to support the development of innovative construction toy products by providing cost analysis, cost modeling, value engineering, and cost intelligence throughout the product development lifecycle. Contribute to the development of scalable costing methodologies, cost knowledge, and category-level cost insights that support sustainable cost leadership. Working closely with Product Development, Design, Sourcing, Finance, and Manufacturing teams, you will help ensure products achieve cost targets while maintaining quality, performance, and consumer value.

What Your Impact Will Be:

· Develop and maintain product cost estimates from concept through production, while helping identify category and platform cost trends that can inform future product strategies.

· Prepare cost analyses to support design decisions, supplier negotiations, and cost reduction initiatives.

· Evaluate product, tooling, packaging, and manufacturing costs to identify opportunities for optimization.

· Partner with Product Development and Design teams to balance cost, quality, and performance objectives.

· Participate in Value Analysis / Value Engineering (VA/VE) activities to achieve target costs and help identify opportunities for broader application of best practices across products and platforms.

· Support cost publishing and reporting at key project milestones.

Collaborate with suppliers and manufacturing partners to understand cost drivers and recommend improvements.

· Support the standardization and continuous improvement of cost engineering methodologies, tools, and reporting practices.

· Assist in the development of scalable cost estimation tools, cost models, and knowledge repositories that improve consistency, transparency, and decision-making.

· Work closely with Sourcing, Finance, and Product Development teams to support business decision-making and product profitability.

What We’re Looking For:

· Bachelor's degree in Mechanical Engineering, Industrial Engineering, Manufacturing Engineering, or a related field.

· 3+ years of experience in cost engineering, product development, manufacturing, sourcing, or a related function.

· Strong analytical skills with experience in product costing, BOM analysis, and manufacturing processes.

· Knowledge of plastics, injection molding, tooling, and consumer product manufacturing is preferred.

· Demonstrated ability to identify cost drivers, synthesize insights, and communicate recommendations that support product and business decision-making.

· Advanced Microsoft Excel skills and proficiency with Microsoft Office applications.

· Fluent in both English and Spanish, with strong written and verbal communication skills.

What It’s Like to Work Here:

We are a purpose driven company aiming to empower the next generation to explore the wonder of childhood and reach their full potential. We live up to our purpose employing the following behaviors:

· We collaborate: Being a part of Mattel means being part of one team with shared values and common goals. Every person counts and working closely together always brings better results. Partnership is our process and our collective capabilities is our superpower.

· We innovate: At Mattel we always aim to find new and better ways to create innovative products and experiences. No matter where you work in the organization, you can always make a difference and have real impact. We welcome new ideas and value new initiatives that challenge conventional thinking.

· We execute: We are a performance driven company. We strive for excellence and are focused on pursuing best in class outcomes. We believe in accountability and ownership and know that our people are at their best when they are empowered to create and deliver results.

Who We Are:

Mattel is a leading global toy company and owner of one of the strongest catalogs of children’s and family entertainment franchises in the world. We create innovative products and experiences that inspire, entertain and develop children through play. We engage consumers through our portfolio of iconic brands, including Barbie, Hot Wheels, Fisher-Price, American Girl, Thomas & Friends, UNO and MEGA, as well as other popular intellectual properties that we own or license in partnership with global entertainment companies. Our offerings include film and television content, gaming, music and live events. We operate in 35 locations and our products are available in more than 150 countries in collaboration with the world’s leading retail and ecommerce companies. Since its founding in 1945, Mattel is proud to be a trusted partner in empowering children to explore the wonder of childhood and reach their full potential.

Visit us at https://jobs.mattel.com/ and www.instagram.com/MattelCareers.

Mattel is an Affirmative Action/Equal Opportunity Employer where we want you to bring your authentic self to work every day. We welcome all job seekers including minorities, females, veterans, individuals with disabilities, and those of all sexual orientations and gender identities.