Cost Analyst

Corning Incorporated; Gurugram District; On-site; INR 900,000 - 1,300,000; Full time

Job summary

Corning Incorporated in India seeks an experienced Cost Analyst with a strong engineering background to support GSM by creating and maintaining cost models, analyzing BOMs, and driving cost reductions. The role requires deep understanding of manufacturing processes, cost drivers, and supplier negotiations, with a focus on TCO and value engineering.

Ideal candidates have 5+ years in manufacturing costing, proficiency in Excel/Power Query, and a related engineering degree.

Qualifications

• 5+ years of experience in manufacturing costing, should-cost or TCO analyses.
• Understanding of machining, casting, molding, welding, and assembly cost drivers.
• Proficiency with Excel, Power Query, and data analysis tools.
• Bachelor's degree in mechanical/industrial/manufacturing engineering or related field.

Responsibilities

• Develop and maintain detailed product cost models.
• Perform should-cost analyses for parts and processes.
• Provide cost insights to support supplier negotiations and sourcing.
• Benchmark costs against industry standards, market trends and data.
• Conduct TCO analysis to evaluate lifecycle cost of goods and services.
• Evaluate supplier cost structures and identify areas for reductions.
• Analyze raw material pricing trends and impact on product costs.
• Estimate cycle times, labor content, machine rates, scrap and overhead absorption.
• Support make‑vs‑buy decisions.
• Participate in VE/VA workshops to improve cost efficiency.
• Track and report cost‑saving initiatives aligned with targets.

Skills

Manufacturing costing

Manufacturing processes

Material costing

Excel/Power Query

Engineering drawings

Education

Bachelor's degree in mechanical/industrial/manufacturing engineering

Tools

Power BI

ERP systems

Costing software

Job description

Job Description:

Requisition Number: 73947

The company built on breakthroughs. Join us.

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.

How do we do this? With our people. They break through limitations and expectations– not once in a career, but every day. They help move our company,and the world, forward.

At Corning, there are endless possibilities for making an impact. You can help connect the unconnected, drive the future of automobiles, transform at-home entertainment, and ensure the delivery of lifesaving medicines. And so much more.

Come break through with us.

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 {these are skills that candidates MUST possess}

• 1. 5+ years of experience in manufacturing costing, should‑cost analysis, TCO analysis, or cost engineering.
• 2. Strong understanding of manufacturing processes such as machining, casting, molding, welding, chemical processing, and assembly, along with their cost drivers.
• 3. Hands‑on experience with material pricing, BOM (Bill of Materials) costing, and process‑based costing.
• 4. Proficiency in advanced Excel, Power Query, and other data analysis tools.
• 5. Ability to interpret engineering drawings, specifications, and BOM structures.
• 6. Bachelor’s degree in mechanical engineering, industrial engineering, manufacturing engineering, or a related field.

Desired Skills {these are skills that would be nice for candidates to possess}

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

Soft Skills {Communication/Team/Leadership}

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