Principal Engineer, Should Costing

Company Description

At Konecranes, we believe that great customer experience is built on the people behind the Konecranes name. Everything we do, we do with passion and drive. We believe diversity drives business success and is the foundation for our growth. We welcome different backgrounds and skills that enrich our community and we promote a place where we can ALL be ourselves. This is what makes Konecranes a unique place to work.

Job Description

We are seeking an enthusiastic and dynamic VAVE Engineer who thrives on cost optimization and engineering excellence. The ideal candidate will bring deep expertise in VAVE methodology, Should Costing, Product Teardowns, and Data Analysis, while collaborating with cross-functional teams on global projects.

This is a fantastic opportunity to grow in a professional, innovative, and supportive environment, take on new challenges, and sharpen your skills under the mentorship of seasoned professionals.

Key Responsibilities

• Drive VAVE initiatives by conducting in-depth cost analysis and identifying cost optimization opportunities.
• Perform detailed cost breakdowns of components and assemblies to uncover cost-saving potential.
• Support global supplier negotiations with fact based costing insights, highlighting cost drivers and realistic target pricing.
• Recommend design changes, alternative materials, and process improvements for cost reduction.
• Conduct product teardowns and benchmarking studies to evaluate industry best practices and pricing trends.
• Collaborate with engineering, procurement, and suppliers to validate cost structures and suggest improvements.
• Develop and maintain cost models and databases using tools like Excel and TC PCM.
• Analyze cost trends and generate actionable insights through data visualization and reporting.
• Maintain and update the VAVE savings funnel, ensuring a continuous pipeline of cost-reduction opportunities.
• Prepare impactful presentations and reports for key stakeholders.
• Ensure awareness and adherence to ISO 14001 & 45001 Standards, Qualifications and Experience.

The role is based in our office in SP Infocity, Hadapsar, Pune – but it goes without saying that the remote & hybrid working is a part of our modern ways of working.

Qualifications & Experience required to succeed in this role

• Educational Background: Bachelor's degree in Mechanical Engineering or Production Engineering from a reputed institution.
• Professional Experience: 7–8 years of hands-on experience in Value Analysis/Value Engineering (VAVE) and Should Costing, preferably in a global manufacturing or engineering environment.

Key Skills & Competencies

• Deep expertise in VAVE methodology, including product teardowns, function cost analysis, and benchmarking.
• Strong background in cost estimation, Should Costing, and cost optimization techniques.
• Proficiency in tools like TC PCM, Power BI, and Advanced Excel.
• Analytical mindset with the ability to assess supplier cost structures and identify inefficiencies.
• Experience in market research, supplier benchmarking, and industry cost comparisons.
• Excellent problem-solving and collaboration skills in cross-functional environments.

Qualifications

Bachelor's degree in Mechanical Engineering or Production Engineering from a reputed institution.

Additional Information

What we offer

• As a Principal Engineer, Should Costing, you will be part of a dynamic and collaborative team focused on driving value engineering and cost optimization across global product lines. You will be working closely with in a cross-functional environment and, based on your performance, you may be given the opportunity to take ownership of a product group. With increased responsibility and contribution, there may also be opportunities for international exposure, depending on project requirements and your involvement. The role offers a strong platform for professional growth, global collaboration, and continuous skill enhancement in an innovation-driven setup.
• As we trust in Winning Together, we offer continuous learning and development which means that you will also get equal opportunities for self-development as a leader.
• Driving for better we offer a flexible & inclusive work environment where you can be yourself and enjoy Work-Life balance.
• We believe Doing the right thing by offering Competitive Salary.

Want to learn more about Konecranes and what your future colleagues have to say?

Interested?

Do you have what it takes, and do you see yourself joining our community and taking a key role in our Principal Engineer, Should Costing? If yes, please submit your application with CV as soon as possible, latest by via Apply link below.

Please contact the recruiting manager Swapnil More via email, or Global Talent Acquisition Specialist Kanchan Mahajan via kanchan.mahajan

Konecranes moves what matters. We are a global leader in material handling solutions, serving a broad range of customers across multiple industries. We consistently set the industry benchmark, from everyday improvements to the breakthroughs at moments that matter most, because we know we can always find a safer, more productive and sustainable way. That's why, with professionals in over 50 countries, we are trusted every day to lift, handle and move what the world needs.

Konecranes is committed to ensuring that all employees and job applicants are treated fairly in an environment which is free from any form of discrimination.