Costing Engineer

2 days ago

Hyderabad, Telangana, India Gate Corporation USA Full time ₹ 9,00,000 - ₹ 12,00,000 per year

Company: Gate Corporation USA

Role:Cost Estimation Engineer

Experience: Min 3-6 Yrs.

Industry: Aerospace/Automotive/Heavy Industry

Location: Hitech City, Hyderabad

Responsibilities:

· Generate comprehensive BOMs and MRP documents to outline the necessary materials for project execution.

·  Review project documents, specifications, and drawings to understand project scope, requirements, and constraints.

·  Utilize appropriate tools and systems to develop precise cost estimates for projects, considering factors such as materials, labour, equipment, and overhead costs.

·  Discuss, coordinate, and resolve estimating input/queries with the project team to ensure the quality and accuracy of estimate.

·  Perform cost reconciliation to compare current estimates with previous ones as the project progresses, ensuring consistency and identifying variances.

·  Conduct thorough analysis and validation of costs using internal and external benchmarking data, historical indices, and component benchmarking.

·  Identify risks, cost reduction opportunities, and uncertainties associated with the project, proposing viable solutions to mitigate them.

·  Maintain an up-to-date database of materials, prices, subcontractor rates, and other relevant cost-related information to facilitate accurate estimations.

·  Conduct research to identify cost-effective materials, resources, and processes suitable for each project, staying abreast of market trends and technological advancements.

·  Responsible for maintaining all records for cost audit and compliance purposes, ensuring correct documentation creation, storage, and maintenance.

Qualifications:

·  BTech/MTech in Mechanical Engineering.

·   Strong organizational, coordination, planning, and interface skills to manage multiple tasks effectively.

·   Excellent interpersonal and communication skills with the ability to convey recommendations to leadership/management and collaborate effectively with cross-functional teams.

·  Strong analytical skills with keen attention to detail and accuracy, capable of interpreting complex data and drawing meaningful insights.

·   Deep understanding of various cost models and methodologies, with the ability to apply them effectively in project estimation.

·  Familiarity with current market pricing trends and a comprehensive understanding of engineering, procurement, and manufacturing methodologies.

·  Proven experience in cost estimation, preferably in product design or manufacturing industries.

·  Proficiency in relevant software tools and systems for cost estimation and analysis.

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