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Engineering Manager - Value Engineering

Teradyne
North Reading, MA
On-siteUSD 145,500 - 232,900 / year

About this role

About the Role Our Continuous Engineering team is seeking a highly-motivated Engineering Manager to lead the Value Engineering team within the Semiconductor Test Division. This role manages budgets, personnel administration, project staffing, prioritization, salary reviews, training, individual career development, and recruitment in a dynamic, multi-site environment. Based in our North Reading, MA facility, you will drive cost-down initiatives and guide the engineering staff toward cost-effective, innovative solutions.

What You'll Do

  • Accountable for department budgets, personnel administration, project staffing, prioritization, salary reviews, training, individual career development, and recruitment
  • Lead a cross-functional team of engineers to identify and execute cost down opportunities across the organization
  • Develop and execute the value engineering project roadmap aligned with our business cost targets
  • Provide technical guidance, lessons learned, oversight, support and leadership to our engineering design staff
  • Establish and report on KPIs and cost reduction performance to senior management
  • Drive a culture of cost awareness and cost down mindset across engineering teams

What We're Looking For

  • Bachelor's in Mechanical or Electrical Engineering; MS or PhD strongly preferred
  • 8+ years experience in a mechanical or electrical design role within semiconductor equipment or complex electromechanical systems
  • Experience driving value engineering and cost down initiatives, including identifying design, material, and process optimization opportunities
  • Certified Value Specialist (CVS) or equivalent accreditation a plus
  • Strong problem-solving capabilities and organizational skills
  • Proven ability to manage third party design resources from suppliers or contract engineering services
  • Excellent oral, written, and presentation skills
  • Strong technical fluency across relevant technology domains (hardware, software, thermal, mechanical)
  • Ability to manage, lead, and work with multi-site teams
  • A complete understanding of the development process of electro-mechanical products
  • Local to North Reading, MA; relocation not offered

Nice to Have

  • CVS or equivalent accreditation is a plus

Compensation & Benefits

  • Base salary range: $145,500 - $232,900 per year
  • This range is a good faith estimate and may vary by experience and location
  • Incentive Plan: discretionary bonus(es) based on financial performance
  • Benefits: medical, dental, vision, Flexible Spending Accounts, retirement savings plans, life and disability insurance, paid vacation & holidays, tuition assistance programs, and more

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