Sr. / Engineer, Costing & Analysis

1 week ago

Lucknow, India ptcil Full time

Roles & Responsibilities


As a Senior Engineer in the Costing & Analysis team, the individual will play an important role in

analyzing costs, evaluating pricing strategies, and plan & monitor the costing of the project providing

valuable insights to support the Sales & Business Development function. The responsibilities will

encompass cost estimation, financial analysis, and strategic planning to ensure the company's

competitiveness and profitability in the aerospace casting and material manufacturing market.

(Team 3 primarily works on Technical Support for their team which focuses only on Aerospace and

Defense customer segment.)

Key Responsibilities:


• Analyze project requirements and specifications to estimate costs accurately, evaluate and propose

cost-effective solutions to enhance project competitiveness.

• Conduct financial analysis on proposed projects, assessing potential risks and returns, develop

financial models to evaluate project feasibility and profitability, and provide insights and

recommendations based on financial data leading to Budgeting Quote/final Quote.

• Conduct market research to identify trends, pricing strategies, and competitor analysis, stay updated

on industry benchmarks and pricing norms and provide insights on market dynamics to support

strategic decision-making.

• Engage with clients to understand their cost expectations and constraints, present cost estimates

and financial analyses to clients in a clear and compelling manner, and address client queries and

concerns related to costing and financial aspects.

• Identify opportunities for cost optimization and value engineering, collaborate with internal teams to

implement cost-saving measures without compromising quality, and regularly review and update

cost models based on changing market conditions.

• Maintain comprehensive documentation of cost estimates, financial models, and bid-related

information, generate regular reports on cost analysis, bid success rates, and other relevant metrics,

and present findings and reports to internal stakeholders and senior management.2

• Desired Candidate Profile

Education and Certifications:

• Bachelor's Degree in Mechanical Engineering, Metallurgical Engineering, or Industrial Engineering.

• Master's Degree in Business Administration (MBA) with Specialization in Finance or Marketing.

• Master's degree preferred.

Experience:

• 2-4 years of proven experience in cost estimation, financial analysis, or related fields, preferably

within the aerospace manufacturing industry.

• Proficiency in financial modeling, cost accounting principles, and statistical analysis techniques.

• Strong analytical skills with attention to detail and ability to interpret complex data sets.

• Excellent communication and interpersonal skills to collaborate effectively with cross-functional

teams.

• Advanced proficiency in Microsoft Excel, with the ability to develop complex spreadsheets and

financial models.

• Knowledge of manufacturing processes, material properties, and supply chain management

concepts.

Technical / Functional Expertise & other competencies:

• Experience with cost estimation software or ERP systems (e.g., Net Suite) is desirable.

• Ability to work under pressure and meet tight deadlines in a fast-paced environment.

• Strategic mindset with the ability to think critically and propose innovative solutions to cost-related

challenges.

• Strong negotiation skills with the ability to influence stakeholders and drive consensus on pricing

decisions.

• Commitment to continuous learning and professional development in the field of cost management

and analysis

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