Cost Analyst

Corning Incorporated; Gurugram District; On-site; INR 1,200,000 - 1,800,000; Full time

Job summary

A leading materials science company in India is looking for an experienced Cost Analyst. The ideal candidate will have over 5 years of hands-on experience in manufacturing costing and should-cost analysis. This role involves creating detailed cost models, assisting in supplier negotiations, and driving cost reduction initiatives. Applicants should have a strong background in manufacturing processes and possess a Bachelor's degree in engineering. This position is pivotal for the purchasing and supply chain teams.

Qualifications

• 5+ years of experience in manufacturing costing or cost engineering.
• Strong understanding of manufacturing processes and their cost drivers.
• Proficiency in advanced Excel, Power Query, and data analysis tools.

Responsibilities

• Develop and maintain detailed product cost models.
• Provide cost insights for supplier negotiations.
• Conduct TCO analysis for lifecycle cost evaluation.

Skills

Manufacturing costing

Should-cost analysis

TCO analysis

Advanced Excel

Data analysis tools

Education

Bachelor’s degree in mechanical engineering

Industrial engineering

Manufacturing engineering

Tools

Power BI

ERP systems

Job description

Requisition Number: 73947

Corning is one of the world’s leading innovators in glass, ceramic, and materials science. From the depths of the ocean to the farthest reaches of space, our technologies push the boundaries of what’s possible.

The Global Supply Management (GSM) Function is recognized as a critical function for business success. It delivers the training, tools and opportunities needed to create innovative solutions for the function & the corporation. GSM has leading edge, effective processes to anticipate and exceed customer requirements.

Scope Of Position

We are seeking an experienced Cost Analyst with a strong engineering background and 5+ years of hands‑on experience in product costing, should‑cost analysis, material pricing, manufacturing process cost evaluation, and Total Cost of Ownership (TCO) analysis. The role will primarily support the purchasing and supply chain teams by creating and maintaining detailed cost models, assisting with supplier negotiations, and driving cost reduction initiatives. The ideal candidate should possess a deep understanding of manufacturing processes, engineering principles, and cost drivers.

Position Responsibilities

• Develop and maintain detailed product cost models.
• Perform should‑cost analysis for parts, assemblies, and manufacturing processes.
• Provide cost insights and detailed breakdowns to assist the purchasing team in supporting supplier negotiations and sourcing decisions.
• Benchmark costs against industry standards, market trends, and competitor data.
• Conduct TCO analysis to evaluate the complete lifecycle cost of goods and services.
• Evaluate supplier cost structures and identify areas for potential cost reductions.
• Analyze raw material pricing trends (metals, plastics, composites, etc.) and assess their impact on product costs.
• Estimate cycle times, labor content, machine rates, scrap, yield losses, and overhead absorption to optimize cost models.
• Support make‑vs‑buy decisions.
• Participate in value engineering and value analysis (VE/VA) workshops to improve cost efficiency.
• Track and report cost‑saving initiatives, ensuring alignment with financial targets.

Required Skills (must possess)

• 5+ years of experience in manufacturing costing, should‑cost analysis, TCO analysis, or cost engineering.
• Strong understanding of manufacturing processes such as machining, casting, molding, welding, chemical processing, and assembly, along with their cost drivers.
• Hands‑on experience with material pricing, BOM (Bill of Materials) costing, and process‑based costing.
• Proficiency in advanced Excel, Power Query, and other data analysis tools.
• Ability to interpret engineering drawings, specifications, and BOM structures.
• Bachelor’s degree in mechanical engineering, industrial engineering, manufacturing engineering, or a related field.

Desired Skills (nice to have)

• Experience in automotive, industrial, or electronics manufacturing industries.
• Exposure to lean manufacturing, Six Sigma methodologies, or cost optimization projects.
• Knowledge of global sourcing and commodity markets.
• Certification in Cost Engineering, CMA, or equivalent.
• Familiarity with Power BI for reporting and visualization.
• Familiarity with ERP systems and costing software.

Soft Skills

• Strong analytical and problem‑solving abilities.
• Excellent communication and interpersonal skills to collaborate effectively with suppliers and cross‑functional teams.
• Commercial and business acumen.
• Data‑driven decision‑making and attention to detail.