Canon USA & Affiliates Engineer I (Cost Engineer) in Newport News, Virginia


Performs cost analysis (part and product level) to support planning of future products, monitor current product costs, and suggest target costs. Conducts research and investigation concerning the utilization of materials, methods, and processes in meeting cost objectives and quality specifications.


  • Performs cost study for part sourcing decision (Domestic or Foreign part sources). Calculates target cost for part sourcing decisions. Presents cost study results and recommendations to management.

  • Calculate Return on Investment for capital purchase items. Makes recommendations on how to improve ROI.

  • Review and analyze Bill of Materials for part cost opportunity. Conduct studies of material and manufacturing process for cost improvement opportunities and make recommendations.

  • Work as a part of a cross-functional team to achieve Company Cost improvement goals. Work with team members to provide engineering based cost solutions. Summarize and review total cost improvement effort. May coordinate cost improvement team activities.

  • Calculates and utilize manufacturing metrics (such as yield, uptime, utilization, shift configuration etc.) to identify cost improvement areas.

  • Gathers and analyzes manufacturing cost data (e.g., process rates, cycle time, materials, production quantity) from manufacturing accounting records, suppliers, and secondary sources to aid in cost estimation.

  • Enter, update and maintains cost information. Retrieves specific information as needed or requested.

  • May be assigned additional duties and/or special projects.


  • A Bachelor’s Degree in Engineering and 0-2 years’ experience, preferably in a manufacturing environment.

  • Proficient in Microsoft Office.

  • Good organizational and interpersonal skills.

  • Good verbal and written communication.

  • Good analytical and problem solving skills.

  • Basic understanding of accounting and finance concepts desirable.

  • May have to work overtime and may be assigned to other shifts based on company needs.

  • Must be available for occasional business travel.

Company Overview

About our Company - Canon Virginia, Inc. located in Newport News, Virginia is a global manufacturer for Canon’s office and consumer products. Our innovative and efficient production methods along with our environmental commitment make us a leading global manufacturer. Since opening our doors in 1985, Canon Virginia has provided world class manufacturing services. It is the policy of Canon Virginia, Inc. (CVI) to provide equal employment opportunities without regard to race, creed, color, age, sex, religion, sexual orientation, marital status, veteran status, national origin, or physical/mental disability except where there is a bona fide occupational qualification. This policy relates to all phases of recruitment, employment, compensation, benefits administration and participation in company sponsored employee activities. This includes hiring, promotions, demotions, transfers, layoffs, recall, training and terminations. Employment practices will conform to all federal, state and local laws on non-discrimination.

Requisition ID 19915

Category Engineering

Position Type Full-Time