Cost Engineer

1 week ago

Faridabad, Haryana, India Nipha Exports Full time ₹ 9,00,000 - ₹ 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

    5 days ago

    Faridabad, Haryana, India Prompt Career Consultants Full time ₹ 4,00,000 - ₹ 12,00,000 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,...

  • Costing Engineer

    2 weeks ago

    Faridabad, Haryana, India Sietz Auto Technologies Pvt Ltd Full time ₹ 12,00,000 - ₹ 15,00,000 per year

    Developing accurate cost estimatesIdentifying cost-saving opportunitiesAnalyzing cost trends and variancesProjecting cost and expenses reportsCost forecastingCreate and manage project budgetsMonitoring budgets & controlling project costs

  • Cost Accountant

    2 weeks ago

    Faridabad, Haryana, India Nutech Group Full time ₹ 5,00,000 - ₹ 12,00,000 per year

    Costing & Cost ControlPrepare and analyze cost estimates for engineering goods, sub-assemblies, and services.Implement standard costing systems and maintain cost records.Conduct product-wise, project-wise, and department-wise cost analysis.Determine material, labor, and overhead costs using actual and standard cost methods.Monitor production processes to...

  • Costing and Estimation Engineer

    1 week ago

    Faridabad, Haryana, India DIGITAL Electric Pvt. Ltd. Full time ₹ 9,00,000 - ₹ 12,00,000 per year

    Job Title: Estimation & Costing EngineerLocation:Near Sarai Metro Station, Faridabad, HaryanaWork Days:6 Days a Week (Monday to Saturday)Timings:9:30 AM – 5:30 PMAbout the Role:We are looking for a dedicated and detail-orientedEstimation & CostingEngineerto join our team. In this role, you will be responsible for preparingaccurate cost estimations and...

  • Backend Engineer – Automation Required in Faridabad

    1 week ago

    Faridabad, Haryana, India EducoHire Full time ₹ 2,50,000 - ₹ 4,00,000 per year

    Job Title: Backend Costing Engineer – Automation Location: Faridabad Department: Engineering Qualification: B.Tech in Electrical Engineering Salary Range:30,000-40, About Industrial IT Solutions Pvt Ltd. Industrial IT Solutions Pvt Ltd. is a complete solution provider in the field of Industrial Automation, Instrumentation, and...

  • Mechanical Engineer

    1 week ago

    Faridabad, Haryana, India Aces Global Consulting Pvt Ltd Full time ₹ 9,00,000 - ₹ 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...

  • Design Engineer Mechanical

    7 days ago

    Faridabad, Haryana, India Modtech Material Handling Projects Pvt. Ltd. Full time

    Company DescriptionFounded by industry experts with more than 35 years of experience, Modtech Material Handling Projects Pvt. Ltd. is a customer-centric organization catering to the Bulk Material Handling needs of companies in Cement, Steel, Power, Mining, Port, Metal Refining, and other industries. Modtech offers world-class design, engineering, and...

  • Purchase Engineer

    2 weeks ago

    Faridabad, Haryana, India Polymed Full time ₹ 9,00,000 - ₹ 12,00,000 per year

    We are looking for an experienced Purchase Engineer specializing in Indirect Sourcing to join our procurement team.Key Requirements: Min 3 years of experience in indirect material procurement Strong knowledge of vendor development, negotiation & cost analysis Experience in SAP / ERP systems preferred Excellent coordination and communication skillsShare your...

  • Engineering Head

    2 weeks ago

    Faridabad, Haryana, India JBM Group Full time ₹ 20,00,000 - ₹ 25,00,000 per year

    Role & responsibilitiesDefine and implement the engineering strategy in alignment with business objectives.Drive innovation in product and process development to maintain a competitive edge.Lead multi locations engineering teams.Oversee project timelines, budgets, and key technical milestones.Foster a culture of continuous improvement and cross-functional...

  • Industrial Engineer

    1 week ago

    Faridabad, Haryana, India Poly Medicure Ltd Full time ₹ 8,00,000 - ₹ 12,00,000 per year

    Job Title:Industrial / Process EngineerDepartment:Operations / Manufacturing / Industrial EngineeringLocation:Ballabgarh, FaridabadKey Responsibilities: Analyze production processes, workflows & systems to identify improvement areas Develop efficient systems integrating machines, materials, information & energy Drive Lean practices – Kaizen, Six Sigma, 5S,...