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Senior Should Costing Engineer

2 weeks ago

Bengaluru, Karnataka, India GEA Group Full time ₹ 15,00,000 - ₹ 20,00,000 per year

Responsibilities / Tasks
The Should Costing Specialist is responsible for developing detailed cost models for components, assemblies, and systems, providing fact-based cost transparency to support supplier negotiations, and driving cost optimization across the organization. The role works cross-functionally with Procurement, Engineering, Production and Finance teams to enable informed decision-making and promote cost awareness.

  • Should Cost Analysis
  • Develop and maintain should-cost models for components, assemblies, and systems.
  • Analyze material costs, manufacturing processes, labor, tooling, logistics, and overheads.
  • Use industry benchmarks, market analysis, and cost databases to derive accurate cost estimates.
  • Support for Supplier Negotiations
  • Identify cost drivers and cost-saving opportunities in supplier quotations.
  • Provide detailed cost breakdowns to support procurement in negotiation strategies.
  • Participate as a technical cost expert in supplier discussions, when required.
  • Cost Transparency & Reporting
  • Compare supplier prices and actual costs with internal target costs.
  • Highlight deviations and conduct root cause analysis for cost variances.
  • Prepare clear reports, cost comparison charts, and presentations for management and internal stakeholders.
  • Cross-Functional Collaboration
  • Collaborate closely with Procurement, Engineering, Production, and Controlling teams.
  • Support decisions related to supplier selection, make-or-buy analysis, and technology choices.
  • Act as an internal consultant on cost-related topics.
  • Data Management
  • Develop and maintain a centralized cost database for reference and future use.
  • Ensure consistent documentation of calculation methods, assumptions, and results.
  • Provide regular cost reporting and KPIs to management and stakeholders.
  • Continuous Improvement
  • Identify and implement best practices in should costing and cost transparency.
  • Drive cost optimization initiatives and promote cost awareness across departments.
  • Conduct internal training sessions on cost calculation and cost-saving methodologies.

Your Profile / Qualifications

  • Bachelor's or Master's Degree in Mechanical Engineering, Industrial Engineering, or equivalent.
  • 8 - 10 years of experience in cost engineering, should costing, value analysis, or manufacturing engineering.
  • Mandatory software knowledge: TCPCM (Teamcenter Product Cost Management) – hands-on experience in building cost models using TCPCM is required.
  • Strong understanding of manufacturing processes (machining, fabrication, casting, sheet metal, etc.).
  • Solid knowledge of cost elements in materials, process times, logistics, tooling, and overheads.
  • Proficiency in MS Excel and ERP systems (e.g., SAP).
  • Strong analytical skills with ability to interpret cost data and present findings.
  • Effective interpersonal and communication skills, with the ability to work cross-functionally.
  • Experience supporting supplier negotiations or procurement is an added advantage.

Did we spark your interest?
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