- Experience 11-14 years
- Should be from Auto Industry & assembly manufacturing
- Well versed with Excel & Basic Formula
- SAP can be added advantage
- Should be Techno-Commercial
- Basic of costing fundamentals is must
Designation: Costing Cell team member
1. Cost Estimation and Budgeting
- Develop accurate cost estimates for projects based on project plans, drawings, and specifications.
- Prepare detailed budgets, identifying all potential cost variables such as labor, materials, and overheads.
- Regularly update cost estimates based on changes in project scope, design, or external factors.
2. Cost Control and Monitoring
- Track and monitor actual project costs against budgeted costs to identify variances.
- Implement corrective actions to control costs, ensuring projects stay within budget.
- Provide timely alerts to management about potential cost overruns or savings opportunities.
3. Cost Analysis and Reporting
- Perform detailed cost analysis to determine the reasons for cost variances.
- Prepare and submit periodic financial reports on project costs, highlighting key performance indicators (KPIs).
- Provide detailed cost breakdowns and forecasts for ongoing and future projects.
4. Tendering and Bidding
- Assist in the preparation of tender documents and bid submissions by calculating cost estimates for various projects.
- Support the selection of vendors and suppliers by providing cost-effective recommendations based on estimates.
- Ensure all tender submissions comply with financial and project specifications.
5. Compliance and Documentation
- Ensure all cost-related activities comply with industry regulations, standards, and company policies.
- Maintain accurate and organized documentation of cost estimates, budgets, and financial reports for audit and review.
6. Cost Optimization
- Continuously look for ways to reduce costs while maintaining quality and project timelines.
- Suggest alternative materials or methods that could lead to cost savings without compromising on project standards.
These Role & Responsibility ensure that the Costing Engineer effectively manages the financial aspect of engineering projects, maintaining profitability and cost efficiency.
Preferably worked with Automobile industries and aware of commodities of ( Steel Rubber Plastic )