Costing Engineer

1 day ago


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

Role: Costing Engineer / VAVE Engineer

Qualification: Diploma / B.E. / B. Tech Mechanical

Total Experience: 1-6 Years

NP: Immediately

Key Skills:

  • Sheet metal, plastic injection Moulding, die casting, machining, aPriori, TcPCM, Excel-based templates, VAVE & Benchmarking, MS Office.

Key Purpose of the Job:

  • We are seeking a skilled Mechanical Should Costing Engineer to develop and manage cost models for mechanical components. The ideal candidate will have hands-on experience in manufacturing processes and cost estimation, with a strong ability to collaborate across engineering, sourcing, and supplier teams.

Roles and Responsibilities

  • Domain Knowledge: Telecom-Networking / Semiconductor/ Consumer /Electronics, High volume manufacturing etc.
  • Bachelors or master's degree in mechanical engineering or related field.
  • 2 to 6 years of experience in mechanical costing, manufacturing engineering, or supplier development.
  • Experience in product development, cost modeling, and supplier engagement.
  • Creating detailed should cost models for mechanical commodities including sheet metal, plastic, die-casting, and machined parts.
  • Analyze CAD models and BOMs to extract dimensional data and material specifications using tools like Creo and SolidWorks
  • Estimate material costs, primary and secondary process costs, and overheads for each component.
  • Identify and describe optimized manufacturing processes such as blanking, piercing, embossing, bending, machining, powder coating, anodizing, welding, and inspection.
  • Collaborate with commodity managers and purchasing teams to support supplier negotiations and cost gap analysis.
  • Participate in VAVE (Value Analysis/Value Engineering) and benchmarking exercises to identify cost-saving opportunities.
  • Document and present cost breakdowns including raw material, labor, machine hour rate (MHR), setter cost, profit margins, and inventory carrying costs
  • Support design optimization efforts by evaluating alternative materials and manufacturing methods (e.g., switching from aluminum to sheet metal for cost efficiency)

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