Costing Engineer

2 weeks ago

Bengaluru, Karnataka, India Domnic Lewis Full time

What You Will Do

1. Product Costing: Calculate and analyze the cost of cable assembly products through working

with Cross functional teams like Engineering, MIE and sourcing, ensuring accuracy and

completeness. Develop cost models for new products and monitor cost changes for existing

products.

2. Cost Analysis: Conduct thorough cost analysis to identify areas for cost reduction and efficiency

improvement. Collaborate with cross-functional teams to implement cost-saving initiatives.

3. Cost Reporting: Prepare and present cost reports to management, summarizing cost drivers,

variances, and trends. Provide insights and recommendations for cost control and optimization.

4. Maintain and update BOMs, ensuring accuracy and consistency. Work closely with engineering

and production teams to validate BOM data.

5. Cost Tracking: Monitor and track actual costs against budgeted costs. Investigate and explain

any discrepancies, ensuring alignment with financial goals.

6. Evaluate supplier costs and negotiate favorable terms with sourcing team. Identify opportunities

to optimize and reduce procurement costs.

7. Continuous Improvement: Identify opportunities for process improvement and automation in

costing procedures to enhance efficiency and accuracy.

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