Costing Engineer

5 days ago


Hosur TN IN Hya Tech Private Limited Full time

Job Summary The Costing Engineer is responsible for analyzing preparing and monitoring the cost structure of manufacturing projects This role ensures accurate estimation budgeting and cost control for fixtures machining fabrication and automation-related projects The position involves close coordination with design production purchase and finance teams to ensure cost-effectiveness and profitability Key Responsibilities Cost Estimation Analysis Prepare detailed cost estimates for new projects RFQs and customer inquiries Analyze raw material machining fabrication assembly and labor costs Develop cost breakdowns for fixtures tools and automation equipment Benchmark costing with market rates and suppliers Budgeting Control Monitor actual project costs vs estimated costs Identify cost deviations and provide corrective actions Support finance and management in pricing strategy and profit margin analysis Supplier Procurement Coordination Work with purchase team for material cost verification Negotiate with vendors for optimized pricing Maintain updated database of supplier rates and cost trends Process Productivity Improvement Suggest cost-saving measures through process optimization Conduct value engineering studies for cost reduction Standardize costing methods and templates for accuracy Reporting Documentation Prepare costing reports variance analysis and profitability statements Maintain historical data of project costing for future reference Support management with cost insights during decision-making Job Types Full-time Permanent Pay 14 611 90 - 46 724 15 per month Benefits Food provided Health insurance Leave encashment Provident Fund Work Location In person


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