Cost Engineer

1 week ago

Faridabad, Haryana, India Nipha Exports Full time ₹ 8,00,000 - ₹ 12,00,000 per year

Cost Engineer

Location: Faridabad

Reports To: Plant Head / Operations Manager

Job Purpose

To analyse, estimate, and control costs associated with forging and casting operations, ensuring cost efficiency, optimal resource utilization, and accurate product pricing to support profitability and competitiveness.

Key Responsibilities

1. Cost Analysis & Estimation

  • Prepare detailed cost estimates for forging and casting parts based on raw material, labour, tooling, machine time, and overheads.
  • Analyse product drawings, process flows, and BOMs (Bill of Materials) to determine cost drivers.
  • Develop cost models for new parts or process changes.

2. Cost Monitoring & Control

  • Monitor production costs on a daily/monthly basis and identify variances against standard or estimated costs.
  • Investigate deviations and recommend corrective actions to minimize wastage and inefficiencies.
  • Collaborate with production and procurement teams to track cost-saving opportunities.

3. Budgeting & Forecasting

  • Support in the preparation of plant budgets, forecasts, and financial planning.
  • Track actual vs. budgeted costs and provide variance reports.

4. Profitability Analysis

  • Conduct product-wise, customer-wise, and process-wise profitability analysis.
  • Support pricing decisions by providing cost and margin insights.

5. Process Improvement & Cost Optimization

  • Identify opportunities for cost reduction in materials, processes, and supply chain.
  • Participate in value engineering and lean manufacturing initiatives.

6. Reporting & Documentation

  • Maintain accurate cost records and documentation for audits and management reporting.
  • Prepare periodic cost reports, dashboards, and MIS as required.

Qualifications & Skills

Education:

  • Bachelors / Diploma degree in Mechanical/Industrial Engineering, Metallurgy, or related field.

Experience:

  • 3–7 years of experience in cost engineering or industrial costing, preferably in a forging and casting environment.

Skills:

  • Strong knowledge of forging and casting processes and associated cost elements.
  • Proficiency in ERP systems (SAP, Oracle, etc.) and costing modules.
  • Excellent analytical and problem-solving skills.
  • Good communication and cross-functional collaboration.
  • Strong Excel and data analysis capabilities.

Desirable Attributes

  • Familiarity with lean manufacturing, Six Sigma, or other cost optimization methodologies.
  • Exposure to automotive or aerospace manufacturing standards.
  • Ability to read engineering drawings and technical specifications.

  • Backend Costing Engineer

    4 days ago

    Faridabad, Haryana, India Prompt Career Consultants Full time ₹ 15,00,000 - ₹ 28,00,000 per year

    Responsible for developing, implementing, and maintaining robust costing models and systems within our backend infrastructure. Strong understanding of manufacturing processes, automation technologies, and financial principles. Required Candidate profile8 to 10 years of experience in cost engineering, cost analysis, preferably within the automation,...

  • Cost & Management Accountant

    1 week ago

    Faridabad, Haryana, India Cosmos Pumps Full time ₹ 8,00,000 - ₹ 12,00,000 per year

    Job Purpose:To manage and strengthen cost accounting, budgeting, inventory control, and financial analysis processes to support effective decision-making and operational efficiency in a growing pump manufacturing company. Key Responsibilities:Maintain accurate cost records as per cost accounting standards and company policies. Conduct product costing,...

  • Production Engineering Specialist

    1 week ago

    Faridabad, Haryana, India ABB Full time US$ 90,000 - US$ 1,20,000 per year

    This Position reports to:Manufacturing Unit Manager Your role and responsibilities In this role, you will have the opportunity to optimize the Production organizations assembly methods, processes, and equipment to minimize labor hours in accordance with business strategies related to quality, efficiency, costs, and safety. Each day, you will ensure...

  • Mechanical Engineer

    1 week ago

    Faridabad, Haryana, India Aces Global Consulting Pvt Ltd Full time ₹ 8,00,000 - ₹ 12,00,000 per year

    Job Description: Mechanical Engineer Purchase and ProcurementCompany Name: Yogiji Digi Location: Faridabad, Haryana Industry: Metal Sheet ManufacturingPosition: Mechanical Engineer Purchase and ProcurementJob Overview:Key Responsibilities:Vendor Management: Identify and evaluate new suppliers, negotiate terms and contracts, and maintain strong...

  • Manager -manufacturing Engineering

    7 days ago

    Faridabad, Haryana, India Super one Infotech Pvt Ltd Full time

    Job Opening Manager Manufacturing engineering in renownedUS MNC Consumable Downhole Product Mfg Co Faridabad Location Designation ManagerExperience 15-20Yrs CTC-30 LPA Location FaridabadQualification - Bachelor s degree in manufacturing engineering mechanical engineering Leadership and Management Manage lead and coach the manufacturing...

  • Industrial Engineer

    2 weeks ago

    Faridabad, Haryana, India Poly Medicure Ltd Full time

    Job Title: Industrial / Process Engineer Department: Operations / Manufacturing / Industrial Engineering Location: Ballabgarh, Faridabad Key Responsibilities: Analyze production processes, workflows & systems to identify improvement areas Develop efficient systems integrating machines, materials, information & energy Drive Lean practices –...

  • Industrial Engineer

    5 days ago

    Faridabad, Haryana, India Poly Medicure Ltd Full time

    Job Title: Industrial / Process Engineer Department: Operations / Manufacturing / Industrial Engineering Location: Ballabgarh, Faridabad Key Responsibilities: Analyze production processes, workflows & systems to identify improvement areas Develop efficient systems integrating machines, materials, information & energy Drive Lean...

  • Industrial Process Engineer

    5 days ago

    Faridabad, Haryana, India beBeeProcessEngineering Full time ₹ 25,00,000 - ₹ 35,00,000

    Our ideal candidate will be a results-driven professional with excellent communication skills, capable of effectively collaborating with both technical and non-technical stakeholders. Strong negotiation and interpersonal skills are essential for success in this role.Key Responsibilities:We are seeking an expert in industrial engineering activities, including...

  • Deputy Manager Process Engineering

    6 days ago

    Faridabad, Haryana, India Whirlpool Full time

    Your responsibilities will include Productivity improvement through industrial engineering activity- process study time motion study to establish production norms Responsible for line balancing improvement in cycle time through low cost automation Responsible for preparingCyc process flow facility planning installation commissioning of machines for...

  • Engineer

    3 weeks ago

    Faridabad, Haryana, India Phoenix Contact Full time

    Job Title / Position: Engineer / Sr. Engineer Department: Approbation & Standardization (Technical Shared Service Center) Job Location: Unit-1A_Anangpur Budget: 07 -10 LPA To maintain the Product certification requirement for new & change products within the agreed timeline. (UL, CSA, CE & VDE etc) Minimum Work Experience: B. Tech: 05 Years Diploma: 07...