We are seeking a highly analytical and detail-oriented Cost Estimation & Pricing Specialist to join our finance and costing team (reporting to Head Finance). In this role, you will lead the end-to-end process from analyzing Customer Request for Quotes (RFQs) to delivering final pricing models. You will act as a strategic partner to management by driving make-vs-buy analyses, outside processing decisions, and capital investment evaluations.

The ideal candidate holds an ICWA / CMA qualification with 5 to 6 years of experience, preferably within the automotive industry, and also possesses knowledge in Activity-Based Costing (ABC).

Key Responsibilities

- RFQ Analysis & Customer Pricing

- Deconstruct complex Customer RFQs to evaluate technical, commercial, and volume requirements.
- Develop accurate cost estimates for new products, engineering changes, and prototype developments.
- Build granular pricing models that incorporate material, labor, overheads, and target margins to present to commercial teams.
- Costing for Primary and secondary Plant
- Should have handled export-related businesses.

2. Strategic Cost Governance (Make vs. Buy)
- Evaluate Make/Buy/Outside Processing decisions by analyzing internal capacities, tooling costs, and external vendor capabilities.
- Collaborate with Supply Chain and Operations to identify cost-reduction opportunities through optimized sourcing and subcontracting.
- Assess Subcontractor / Outside Processing Vendor quotes to ensure transparency and cost competitiveness.

3. Investment & Capital Expenditure (CapEx) Evaluation





- Conduct financial appraisals for investment decisions, including current machinery, tooling, and facility expansions.
- Calculate ROI, Payback Period, and Net Present Value (NPV) for proposed projects to guide management approvals.
- Track post-investment performance to ensure projected cost savings or capacities are realized.

4. Advanced Cost Accounting (Activity-Based Costing)
- Design and maintain Activity-Based Costing (ABC) models to accurately allocate overheads across diverse product lines.
- Analyze cost drivers to eliminate non-value-added expenses and improve product-level profitability.

Perform regular variance analyses (Standard vs. Actual costs) and implement corrective actions. Skills & Qualifications

- Professional Qualification: ICWA / CMA
- Experience: 5–6 years of core industrial costing experience, with a strong preference for the automotive domain (Tier-1 or OEM).
- Technical Costing: Strong command over Activity-Based Costing (ABC), standard costing, and marginal costing principles.
- Tools: Proficiency in ERP systems (Oracle, or similar) and advanced MS Excel (financial modelling, macros).

Key Competencies:

- Deep understanding of manufacturing processes (e.g., machining, stamping, casting, assembly) and their associated cost structures.
- Strong cross-functional collaboration skills to work alongside Engineering, Procurement, and Sales teams.
- Sharp analytical skills with the ability to translate complex data into actionable business insights.

Reporting would be to Director - Finance

📌 Assistant Manager/Sr.Analyst – Cost Estimation, Pune Corporate Office (Vadodara)
🏢 lubigel
📍 Vadodara