Cost Engineer

ESP Engineered; Karnataka; Hybrid; INR 600,000 - 1,000,000; Full time

Job summary

ESP Engineered in Karnataka is looking for a Project Cost Engineer to develop technical costs for automotive components. The role involves analyzing supplier quotes and supporting cost estimation initiatives throughout the development phases. Candidates should have a Bachelor's degree in a relevant field and experience in automotive production methods. Effective communication skills in English and teamwork ability are essential, along with proficiency in NX and Teamcenter. This position offers opportunities for optimization and negotiating costs.

Qualifications

• Experience in design, release or processing role required.
• Automotive knowledge of production methods and development processes.
• Ability to work in a global team.

Responsibilities

• Develop technical variable and tooling costs using activity-based costing.
• Propose economic savings and optimizations during milestones.
• Support negotiation during Component RFQ and Change Notes.

Skills

Detail oriented

Leadership

Interpersonal skills

Communication skills

Teamwork

Education

Bachelor in Business, Finance, Mathematics, or Engineering

Bachelor's Degree in Engineering

Advanced Degree in Business

Tools

NX

Teamcenter

Job description

Scope of the activity is to provide support for Global Project Cost Engineering (PCE) team.

Project Cost Engineer will be responsible to develop technical variable and tooling costs for an assigned set of components and systems using activity-based costing methodologies while working from BOM (Bill of Materials), drawings and/or samples. Engineers provide subject matter expertise to support engineering and purchasing at working levels and vehicle program leadership through all development phases. The Engineer must have the ability to analyze supplier quotes and reach agreement on appropriate costs. Additionally, the Engineer needs to be able to interact with the team in Design to Cost initiatives, benchmarking, Direct material and tooling costs.

ACTIVITY DESCRIPTION

The requested activities consist of:

Supporting projects with cost support from early development phases/milestones to the serial life of the component domain requested.

• Development of Costing in support of Technical Estimation and/or Should Cost based on technical features, specifications and Bill of Material
• Propose economic savings and optimization during vehicle milestones and cost target development. Directly input design cost saving ideas into PCE Opportunity Portfolio System
• Support as an active cross-functional teammate to Engineering, Vehicle Team, Purchasing. Providing data driven cost deltas for target and quote gap closure.
• Help and Support Negotiation during Component RFQ, Change Notes, Vehicle milestones

PERIMETER IN SCOPE

Cost Engineer perimeter includes assigned components within a sub-unit team within PCE. Sub-Units are defined by Body, Chassis, Interior, Electrical Components/Modules, Propulsion teams.

Examples of expected outputs are:

• Cost Analysis results documented and presented to vehicle program teams as regionally required
• Inputs within Global PCE Documenting and KPI Tracking Systems
• Design to Cost and Technical saving ideas placed into Portfolio Cost Opportunities database

REQUESTED COMPETENCES

Cost Engineers are expected to have the following competences:

Basic Qualifications:

• Bachelor in Business, Finance, Mathematics, or Engineering
• Experience in design, release or processing role; or other credentials in combination with relevant experience in developing variable and/or tooling costs for automotive components
• Automotive knowledge of production methods and development processes in the vehicle sector
• Detail oriented with ability to manage multiple programs and cost details simultaneously
• Solid leadership, interpersonal and communication skills with English as official language for communication (written and oral)
• Ability to work in a global team

Preferred Qualifications:

• Bachelor's Degree in Engineering.
• Advanced Degree in Business.
• Proficiency in NX and Teamcenter.
• Activity based costing experience or experience in cost model development.