Manager, Cost Modeling
- Pay
- $79,280 – $109,010 per year
- Location
- Chicago, IL · Hybrid
- Job type
- Full-time
- Level
- Mid-level
- Experience
- 3+ years
- Education
- Bachelor's degree
- Listed
- 30 days ago
Skills & highlights for this role
- should-cost modeling
- cost analysis
- procurement analytics
Also useful
- parametric cost modeling
- supplier negotiation
Stated benefits & perks
- Bonus
- 401k
- Health
- Dental
- Pto
About the role
The Manager, Cost Modelling is responsible for building and scaling commercial capabilities in category intelligence, cost modelling, and cost engineering to drive value leadership across Prime spend. Acting as a hands-on strategic partner to Sourcing Managers, this role builds robust cost models, analyzes market intelligence, and develops analytical tools to elevate commercial rigor and support effective sourcing decisions.
Success in this role requires a balance of category domain expertise, sourcing acumen, and advanced analytics. The individual independently solves complex commercial problems, delivers insights to influence cross-functional teams, and helps shape the capability roadmap.
Pay and benefits
Develop should-cost models for raw materials, packaging, and finished goods isolating key cost drivers to feed the savings pipeline and anchor supplier negotiations. Digitize cost-modelling capabilities and insights through the development and deployment of digital tools and templates. Evaluate internal specifications against industry standards to identify value-engineering and cost-saving opportunities.
Calculate yields, scrap, labor, overhead, and supplier margins to determine clean cost baselines and fair market pricing. Translate cost insights into actionable recommendations to influence product roadmaps, cross-functional teams, and sourcing strategies. Deliver analytical support for long-range forecasting, capacity planning, cash delivery initiatives, and procurement negotiations.
Drive continuous improvement across materials, processes, and systems to ensure cost-optimal and sustainable manufacturing. Minimum qualifications: Bachelor's Degree with 3+ years of experience in Procurement, Finance, Cost Engineering, or Supply Chain. Direct experience in packaging, raw materials, or external manufacturing within CPG, FMCG, or management consulting.
Strong functional expertise in procurement Proven track record in project execution and process management in matrixed environments. Highly analytical capability with exceptional problem-solving, critical-thinking, and data-synthesis skills. Nice to have: Broader end-to-end supply chain or plant manufacturing experience. Experience operating within or supporting a Procurement Center of Excellence.
Multi-category cost engineering and parametric should-cost development experience. Demonstrated track record of leading cross-functional alignment across technical and commercial teams. What can you expect from Mars? Work with diverse and talented Associates, all guided by the Five Principles. Join a purpose driven company, where we're striving to build the world we want tomorrow, today.
A strong focus on learning and development support from day one, including access to our in-house Mars University.
An industry competitive salary and benefits package, including company bonus. #LI-JH1 #LI-Hybrid The base pay range for this position at commencement of employment is between the range listed below, however, base pay offered may vary depending on multiple individualized factors, including but not limited to job-related knowledge, skills, and experience.
The total compensation package for this position will include variable pay, medical and dental benefits, participation in 401k plan, and paid time off benefits. Details of participation in these benefit plans will be provided if an applicant receives an offer of employment. The pay range shown is applicable to all US locations listed within the job posting:USD 79,280.00 - USD 109,010.00
From Mars's careers page, first listed on Rolev.ai on October 10, 2026. Rolev.ai is not the employer.
How Rolev.ai helps with this application
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Common questions
What is the salary for the Manager, Cost Modeling role at Mars?
The Manager, Cost Modeling posting at Mars states compensation of $79,280 – $109,010 per year. It is listed as a full-time position. Final pay may depend on location, experience, and interview evaluation on Mars's official career site.
Where is the Manager, Cost Modeling job at Mars located?
This Manager, Cost Modeling position at Mars is located in Chicago, IL (Hybrid). Always check Mars's application page for specific state eligibility or relocation policies.
What qualifications are required for Manager, Cost Modeling at Mars?
For the Manager, Cost Modeling role, Mars highlights 3+ years of relevant experience; a bachelor's degree; experience with should-cost modeling, cost analysis, procurement analytics. Rolev.ai can score your existing resume against these requirements and show any skill gaps before you apply.
How do I apply for the Manager, Cost Modeling position at Mars?
This listing links directly to Mars's Workday application page. You can apply directly on Mars's site, or use Rolev.ai to check your resume fit, generate a zero-hallucination tailored resume and cover letter for this posting, and autofill the Workday application form in 1 click with the Rolev.ai Chrome extension. You always review the form and press Submit yourself.