Costing Engineer

2 days ago

HITEC City Hyderabad Telangana, India Aluminium Extrusions Pvt Ltd Full time ₹ 4,20,000 - ₹ 6,60,000 per year

Company: Gate Corporation USA

Role: Cost Estimation Engineer

Experience: Min 4-6 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.

Job Type: Full-time

Pay: ₹35, ₹55,000.00 per month

Work Location: In person

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