Costing Engineer
1 Nos.
122350
Full Time
4.0 Year(s) To 6.0 Year(s)
5.00 LPA TO 6.00 LPA
Engg Design / R&D / Product Mgt
Auto/Auto Ancillary
B.Tech/B.E. - Mechanical; Diploma - Mechanical
Job Description:
As a Costing Engineer with 4 to 6 years of experience in the sheet metal industry, your role bridges engineering, procurement, and finance to drive profitability through accurate estimation and cost optimization.
Key Responsibilities
- Cost Estimation & Analysis: Perform detailed Zero-Based Costing (ZBC) for new and existing parts. This includes evaluating raw material (RM) components, machine hour rates (MHR), labor, and overheads.
- RFQ Management: Conduct initial drawing studies for customer Request for Quotation (RFQ) packages. Verify and validate technical specifications to ensure feasibility and on-time quote delivery.
- Variance Analysis: Monitor project expenditures against budgets. Identify and report cost deviations and variances, implementing corrective actions to prevent overruns.
- Material & Scrap Optimization: Calculate gross input weights and material utilization percentages. Minimize costs by optimizing material nesting and analyzing scrap rates for different cutting processes (e.g., laser, plasma).
- Customer & Vendor Interaction: Act as the primary point of contact for technical and commercial clarifications with customers. Negotiate with vendors for competitive pricing on raw materials and bought-out items.
- Cost Reduction Initiatives: Lead Value Analysis and Value Engineering (VAVE) activities to identify cost-saving opportunities through design or process improvements.
Technical Skills Required
- Manufacturing Processes: Deep understanding of sheet metal fabrication including stamping, bending, welding, laser cutting, and surface treatments (painting, plating).
- Software Proficiency: Hands-on experience with AutoCAD or SolidWorks for design reviews, and SAP or similar ERP systems for cost tracking and documentation.
- Analytical Tools: Advanced proficiency in MS Excel for cost modeling, price rollups, and RM price trackers.
- Engineering Standards: Knowledge of GD&T (Geometric Dimensioning and Tolerancing) and APQP/PPAP processes for part development.
Experience & Qualifications
- Education: Bachelor’s degree (B.E./B.Tech) in Mechanical, Production, or Industrial Engineering.
- Experience: 4 to 6 years of proven experience in product costing, specifically within the sheet metal or automotive industry
Company Profile
We are having the 24 Years of experience in design & developments of sheet --- stamping tools as per customers drawing specifications & manufacturing the parts & their assemblies at different plants. We have a dedicated tool room enabling us to manufacture tools in house thus giving an advantage of very short lead time and consistent quality.
Apply Now
- Interested candidates are requested to apply for this job.
- Recruiters will evaluate your candidature and will get in touch with you.