Cost Engineer

3 weeks ago

Chennai, India Caterpillar Inc Full time

Career Area:

Engineering

Your Work Shapes the World at Caterpillar Inc.

When you join Caterpillar, you'rejoining a global team who cares not just about the work we do but also about each other. We are the makers, problem solvers, and future world builders who are creating stronger, more sustainable communities. We don'tjust talk about progress and innovation here we make it happen, with our customers, where we work and live. Together, we are building a better world, so we can all enjoy living in it.

Role definition

The Cost Engineer is responsible for developing, analyzing, and controlling project costs to ensure projects are completed within budget and meet financial objectives. They collaborate with cross-functional teams to identify and implement cost-saving opportunities throughout the project lifecycle.

Responsibilities

  • Prepare detailed cost estimates for various projects by analyzing project specifications and requirements.
  • Develop and maintain project budgets and financial forecasts.
  • Monitor project expenditures, analyze cost variances, and report discrepancies to stakeholders.
  • Identify potential cost risks and opportunities, and recommend mitigation strategies or cost-saving solutions.
  • Collaborate with engineering teams, procurement, and other departments to gather cost data and ensure accurate cost estimation.
  • Evaluate supplier and subcontractor bids and invoices to ensure competitive pricing and cost-effectiveness.
  • Support procurement processes by providing cost analysis and guidance.
  • Prepare and present comprehensive cost reports and forecasts to management and clients.
  • Conduct feasibility studies and analyze potential risks and returns on investment for project options.
  • Participate in the evaluation and adoption of new technologies or processes (e.g., automation, software) to improve efficiency and reduce costs.

Degree requirement

  • A Bachelor's degree in an Mechanical Engineering, a related field.

Skill descriptors:

Information capture

  • Level:Basic Understanding
  • Identifies information capture needs in their own area and describes the benefits of documenting relevant information.
  • Understands risks associated with failing to record information and explains organizational methods for documenting and storing data.

Standard operating procedures (SOP)

  • Level:Basic Understanding
  • Explains the use of standard operating procedures in business operations and identifies key features and functions.
  • Describes issues and considerations when using standard operating procedures.

Analytical thinking

  • Level: Expert Level
  • Names specific tools and techniques that support analytical thinking processes (e.g., spreadsheets, databases).
  • Describes how analytical thinking has been used to resolve problems and helps others learn about business analytics tools.

Effective communications

  • Level:Expert Level
  • Explains the importance of effective business communication and describes how non-verbal behavior can influence message interpretation.
  • Speaks and writes clearly and concisely, using correct language, mechanics, and gestures.

Relocation is available for this position.

  • Costing Engineer

    3 weeks ago

    Chennai, India Barry Wehmiller Full time

    Job Summary: We are seeking a highly skilled and detail-oriented Lead Engineer - Costing with expertise in cost analysis, spend analysis, should-costing, and value engineering for "Make as per Print" parts and OEM/Commercial components. The ideal candidate will possess a solid understanding of engineering processes, manufacturing methods, and design...

  • Costing Engineer

    2 weeks ago

    Chennai, Tamil Nadu, India Barry Wehmiller Full time US$ 90,000 - US$ 1,20,000 per year

    Job Summary:We are seeking a highly skilled and detail-oriented Lead Engineer - Costing with expertise in cost analysis, spend analysis, should-costing, and value engineering for "Make as per Print" parts and OEM/Commercial components. The ideal candidate will possess a solid understanding of engineering processes, manufacturing methods, and design...

  • Costing Engineer

    3 weeks ago

    Chennai, India Intelizign Lifecycle Services Full time

    Job Purpose: As a Cost Engineer, you will drive cost transparency by implementing zero-based costing in various phases of a product. During the concept phase, providing estimate on part cost & tooling cost to guide business decisions followed by delivering detailed estimation to optimize part and tooling cost for series awarding. Further you will lead cost...

  • Costing Engineer

    2 weeks ago

    Chennai, Tamil Nadu, India Intelizign Lifecycle Services Full time ₹ 15,00,000 - ₹ 25,00,000 per year

    Job Purpose:As a Cost Engineer, you will drive cost transparency by implementing zero-based costing in various phases of a product. During the concept phase, providing estimate on part cost & tooling cost to guide business decisions followed by delivering detailed estimation to optimize part and tooling cost for series awarding. Further you will lead cost...

  • Cost Engineer

    2 weeks ago

    Chennai, Tamil Nadu, India Caterpillar Inc Full time ₹ 5,00,000 - ₹ 15,00,000 per year

    Career Area:EngineeringYour Work Shapes the World at Caterpillar Inc.When you join Caterpillar, you'rejoining a global team who cares not just about the work we do but also about each other. We are the makers, problem solvers, and future world builders who are creating stronger, more sustainable communities. We don'tjust talk about progress and innovation...

  • Mechanical Cost Engineer

    4 weeks ago

    Chennai, Tamil Nadu, India Barru Wehmiller Full time

    Job DescriptionWe are seeking a highly skilled and detail-orientedMechanical Cost Engineerwith expertise in cost analysis, spend analysis, should-costing, and value engineering for Make as per Printparts and OEM/Commercial components. The ideal candidate will possess a solid understanding of engineering processes, manufacturing methods, and design principles...

  • Lead Engineer

    1 week ago

    Chennai, India Barry-Wehmiller Full time

    Description :About Barry Wehmiller: - Barry Wehmiller Companies is a global supplier of manufacturing technology and services based in St. Louis Missouri. Although it was founded in 1885 as a maker of machinery for the brewing industry, since 1987 Barry- Wehmiller has acquired more than 80 companies that provide equipment and services for a variety of...

  • Should Costing Engineer

    4 days ago

    Chennai, Tamil Nadu, India Larsen & Toubro (L&T) Full time ₹ 5,00,000 - ₹ 12,00,000 per year

    J D - Should Costing Engineer-Med Tech• Develop should-cost models for medical device components and assemblies using industry benchmarks, manufacturing process knowledge and to in line with manufacturing location .• Collaborate with cross-functional teams to ensure cost-effective solutions• Working exposure to various engineering commodities...

  • Cost Engineer – Mechanical

    2 days ago

    Chennai, Tamil Nadu, India Barry-Wehmiller Full time ₹ 10,00,000 - ₹ 25,00,000 per year

    About Us:Barry-Wehmiller is a diversified global supplier of engineering consulting and manufacturing technology for the packaging, corrugating, sheeting and paper-converting industries. By blending people-centric leadership with disciplined operational strategies and purpose-driven growth, Barry-Wehmiller has become a $3 billion organization with nearly...

  • Cost Estimation Engineer

    2 days ago

    Chennai, Tamil Nadu, India TalentRouters Full time ₹ 9,00,000 - ₹ 12,00,000 per year

    Immediate Joiners OnlyExperience 2+ yearJob Description:We are seeking a detail-oriented Cost Engineer to manage and control project costs throughout all phases. The role involves preparing cost estimates, budgets, and forecasts, monitoring expenses, analyzing variances, and ensuring projects remain financially efficient. The ideal candidate will...