Position - Engineer – Cost Analysis

Reports To – Manager – Product Development

Purpose of the Role:

The Engineer – Cost Analysis is responsible for analysing product and process costs, preparing cost estimates, supporting costing decisions for new and existing products, identifying cost-saving opportunities, and working cross-functionally with Engineering, Procurement, Production, and Finance teams to improve profitability and operational efficiency.

Key Roles & Responsibilities:

- Prepare detailed cost estimates for new products, assemblies, and components.
- Develop standard costing models based on material, labour, overhead, tooling, and manufacturing expenses.
- Analyse Bills of Materials (BOMs), drawings, and specifications to determine product costs.
- Support quotation and pricing activities by providing accurate cost calculations.
- Validate and maintain product cost databases.
- Evaluate manufacturing expenses and identify opportunities for cost optimization.
- Identify and implement cost reduction initiatives without compromising quality or performance.
- Analyze alternative materials, manufacturing methods, and suppliers for cost perks.
- Work closely with Product Development, Manufacturing, Procurement,



Quality, and Finance teams.
- Support make-versus-buy analyses and sourcing decisions and evaluate tooling, fixture, and capital investment costs.

Key Performance Indicators (KPIs):

- Data Accuracy of cost estimates.
- Standard cost maintenance and variance reduction.
- Annual cost savings achieved.
- Timely completion of costing requests and quotations.
- Improvement in product profitability.

Required Skills & Competencies:

- Strong knowledge of costing methodologies and manufacturing processes.
- Proficiency in Excel
- Understanding of BOM structures, routing, and manufacturing economics.
- Analytical and problem-solving skills.
- Good communication and cross-functional coordination abilities.
- Attention to detail and data accuracy.

Educational Qualification:

- Bachelor’s Degree in Mechanical Engineering, Industrial Engineering, Manufacturing Engineering, or related discipline.
- Work Experience – 0-1 year preferred.

Pay: ₹25,000.00 - ₹32,000.00 per month

Benefits

- Flexible schedule
- Health insurance
- Provident Fund

Work Location: In person

📌 Engineer- Cost Analysis (Attalli)
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