Value Engineering & Should cost analyst

What if the work you did every day could impact the lives of people you know? Or all of humanity?

At Illumina, we are expanding access to genomic technology to realize health equity for billions of people around the world. Our efforts enable life-changing discoveries that are transforming human health through the early detection and diagnosis of diseases and new treatment options for patients.

Working at Illumina means being part of something bigger than yourself. Every person, in every role, has the opportunity to make a difference. Surrounded by extraordinary people, inspiring leaders, and world changing projects, you will do more and become more than you ever thought possible.

Primary Responsibilities

• Support the development and maintenance of should-cost models across key commodity categories including plastics, metals, electronics, and assemblies.
• Collaborate with the Senior Analyst and cross-functional teams to gather data inputs (BOMs, 3D models, supplier quotes) required for cost modeling and analysis.
• Prepare detailed cost breakdowns, validate supplier cost inputs, and format findings for review by Engineering, Procurement, and Finance.
• Assist in tracking cost-saving opportunities through data analytics, dashboards, and supplier benchmarking.
• Maintain internal cost databases, libraries, and documentation to ensure consistency and data accuracy across global programs.

Tasks and Responsibilities

• Collect and analyze cost data (materials, labor, overheads) from suppliers and internal systems.
• Format and prepare parametric model inputs in tools like aPriori, Excel, or similar tools.
• Support the documentation of modeling assumptions, outputs, and change logs.
• Conduct price variance and cost trend analysis to identify anomalies or opportunities.
• Assist in preparing reports and presentations for senior leadership and sourcing teams.
• Help monitor commodity price indices and update standard rates in the cost models.
• Coordinate with Engineering, R&D, and Procurement teams to ensure timely flow of technical and commercial data.

Knowledge

• Basic understanding of manufacturing processes for plastics, metals, electronics, and assemblies.
• Familiarity with interpreting technical drawings, BOMs, and process routings.
• Exposure to cost analysis or sourcing-related roles in a manufacturing environment.
• Proficiency with MS Excel (lookup formulas, pivot tables), and ability to work with large datasets.
• Awareness of supply chain structures and common cost drivers across direct material categories.

Skills and Competencies

• 3+ years of relevant experience in sourcing analytics, cost engineering support, or procurement operations.
• Exposure to tools like aPriori, SAP, or PLM/CAD systems (SolidWorks/Creo) is a plus.
• Detail-oriented with strong analytical and data management skills.
• Good communication skills, capable of interacting across teams and geographies.
• Willingness to learn and grow into more advanced modeling and supplier-facing roles.
• Ability to manage multiple priorities and timelines with minimal supervision.

Education and Certifications

• Bachelor’s degree in Engineering (Mechanical or similar) or equivalent technical discipline.
• Lean Six Sigma is preferred.
• Certification or coursework in Excel, cost modeling, or procurement analytics is a plus.

We are a company deeply rooted in belonging, promoting an inclusive environment where employees feel valued and empowered to contribute to our mission. Built on a strong foundation, Illumina has always prioritized openness, collaboration, and seeking alternative perspectives to propel innovation in genomics. We are proud to confirm a zero-net gap in pay, regardless of gender, ethnicity, or race. We also have several Employee Resource Groups (ERG) that deliver career development experiences, increase cultural awareness, and offer opportunities to engage in social responsibility. We are proud to be an equal opportunity employer committed to providing employment opportunity regardless of sex, race, creed, color, gender, religion, marital status, domestic partner status, age, national origin or ancestry, physical or mental disability, medical condition, sexual orientation, pregnancy, military or veteran status, citizenship status, and genetic information. Illumina conducts background checks on applicants for whom a conditional offer of employment has been made. Qualified applicants with arrest or conviction records will be considered for employment in accordance with applicable local, state, and federal laws. Background check results may potentially result in the withdrawal of a conditional offer of employment. The background check process and any decisions made as a result shall be made in accordance with all applicable local, state, and federal laws. Illumina prohibits the use of generative artificial intelligence (AI) in the application and interview process. If you require accommodation to complete the application or interview process, please contact [email protected]. To learn more, visit: https://www.dol.gov/ofccp/regs/compliance/posters/pdf/eeopost.pdf. The position will be posted until a final candidate is selected or the requisition has a sufficient number of qualified applicants. This role is not eligible for visa sponsorship.