Sr. Costing Engineer

The APAC Sr. Costing Engineer will be responsible to:

• Comprehensive Cost Estimation: Develop detailed and accurate cost estimates for large-scale and complex projects, encompassing all aspects such as materials, labour, equipment, and subcontractor services.
• Budget Management: Oversee project budgets, monitor expenditures, and implement cost control measures to ensure financial objectives are met.
• Risk Analysis: Conduct thorough risk assessments to identify potential financial risks and develop mitigation strategies to minimise impact on project budgets; Maintain raw material historical data records
• Process Optimisation: Analyse existing costing processes and implement improvements to enhance accuracy, efficiency, and responsiveness.
• Stakeholder Collaboration: Work closely with project managers, engineers, procurement teams, and other stakeholders to align cost objectives with project goals and timelines.
• Market Analysis: Stay updated with market trends, pricing fluctuations, and emerging technologies to provide informed cost analyses and forecasts.
• Mentorship: Provide guidance and mentorship to junior costing engineers, fostering professional development and knowledge sharing within the team.‍
• Reporting: Prepare and present detailed cost reports, variance analyses, and financial forecasts to senior management and stakeholders as well as provide negotiation updates in sales meetings; Help the Sourcing team identify suppliers who provide transparent, competitive pricing.

• Educational Background: Relevant bachelor’s in engineering or are related field; an advanced degree is preferred.
• Work Experience: Eight-year minimum a proven track record of managing complex projects within budgetary constraints.
• Commodity Experience: Castings, forgings, sheet metal, fabrication, machining, HPDC, plastics, bought-out items and assemblies.
• Costing Experience: Should costing for components, BOM costings, tooling estimates, budgetary quotes or estimates, etc.
• Technical Proficiency: Advanced knowledge of cost estimation methodologies, financial analysis, and budgeting techniques.
• Analytical Skills: Strong analytical and problem-solving skills with a keen attention to details and accuracy.
• CommunicationSkills: Excellent verbal and written communication skills in English and Hindi(additional local language will be a plus point) with the ability to convey complex financial information to diverse audiences.
• Leadership Abilities: Demonstrated leadership skills, with experience in managing teams and collaborating with cross-functional departments.
• Industry Knowledge: In-depth understanding of industry standards, regulations, and best practices related to cost engineering and project management.