Cost Engineer – Product & Project Costing

Hical Technologies Pvt Ltd; Bengaluru; On-site; INR 700,000 - 1,000,000; Full time

Job summary

Hical Technologies Pvt Ltd in Bengaluru seeks a costing professional with 2–3 years in manufacturing cost estimation, project costing and RFQ support. You will coordinate with sourcing, production and engineering to prepare cost proposals and structured templates, ensuring traceability of cost data and timely closure of actions.

The role requires ERP and MS Office proficiency, exposure to electromechanical products, and strong analytical and communication skills to support commercial decisions.

Qualifications

• Diploma/Engineering Graduate in Electrical/Mechanical.

Responsibilities

• Understand specifications, bills of material, quantities and customer expectations.
• Initiate and follow up actions with Sourcing to obtain raw material, bought-out components, subcontract processes, packaging and supplier tooling costs.
• Validate material specifications, sizes, yields, scrap factors, minimum order quantities, currency, duties, freight and escalation assumptions.
• Maintain traceability of supplier quotations and cost references used in each estimate.
• Estimate operation sequence, cycle time, setup time, labour content, machine-hour rate, yield, rejection, inspection and testing requirements.
• Coordinate with Maintenance, Tooling and Calibration for details and costs of new equipment, fixtures, tools, gauges and calibration requirements.
• Prepare structured costing templates covering raw material cost (RMC), bought-out items, labour-hour rate, machining rate, conversion cost, tooling, NRE, quality, testing, packing, logistics, EXIM, ICC, SG&A, contingency and margin.
• Compile and validate inputs from Sourcing, Production, Engineering, Finance, EXIM, Logistics and other stakeholder functions.
• Prepare the project cost proposal with calculations, assumptions, risks and supporting evidence.
• Review the cost proposal with the Head of Business Development and Executive Director - Technical and revise the proposal based on review inputs.
• Provide approved costing inputs for preparation of the customer quotation, including scope, non-recurring costs, commercial assumptions and exclusions.
• Update quotation formats and maintain revision-controlled costing and approval records.
• Prepare the cost budget upon receipt of the purchase order and share the approved budget with Project Leaders and relevant functions.
• Furnish necessary cost details to SCM for raw material procurement upon receipt of sample or development orders.
• Maintain costing trackers, review reports, cost databases, quotation records and departmental documents.
• Provide accurate status updates on pending inputs, cost risks, review actions and completion dates.

Skills

Manufacturing knowledge

Project costing

Costing templates

Raw material costing

Labor costing

Machine-hour costing

Tooling costs

ERP proficiency

MS Word

MS Excel

MS PowerPoint

Education

Diploma/Engineering in Electrical/Mechanical

Tools

ERP systems

Job description

Qualification:

Diploma / Engineering Graduate in Electrical /Mechanical.

Experience:

2-3 years of relevant experience in manufacturing costing, project costing, estimation, production engineering or RFQ support.

Core Training:

Manufacturing knowledge, product knowledge, process knowledge and project costing.

Computer & Systems:

Very good skills in MS Word, Excel and PowerPoint and good knowledge of ERP systems and departmental trackers.

Preferred Exposure:

Electromechanical products, precision components, assemblies, system integration or aerospace and defense manufacturing.

KEY COMPETENCIES:

Technical & Commercial

• Manufacturing process and product knowledge
• Project costing and structured cost modelling
• Raw material, labour and machine-hour costing
• Tooling, NRE, quality, logistics and overhead costing
• Electromechanical products and systems integration
• ERP, MS Excel and cost-data management

Behavioural & Coordination

• Analytical thinking and attention to detail
• Cross-functional coordination
• Ownership and on-time closure
• Clear written and verbal communication
• Problem solving and commercial awareness
• Documentation discipline and follow-through

KEY RESPONSIBILITIES:

1. Understanding of specifications, bills of material, quantities, Customer expectations.
2. Initiate and follow up actions with Sourcing to obtain raw material, bought-out component, subcontract process, packaging and supplier tooling costs.
3. Validate material specifications, sizes, yields, scrap factors, minimum order quantities, currency, duties, freight and applicable escalation assumptions.
4. Maintain traceability of supplier quotations and cost references used in each estimate.
5. Estimate operation sequence, cycle time, set-up time, labour content, machine-hour rate, yield, rejection, inspection and testing requirements.
6. Coordinate with Maintenance, Tooling and Calibration for details and costs of new equipment, fixtures, tools, gauges and calibration requirements.
7. Prepare structured costing templates covering raw material cost (RMC), bought-out items, labour-hour rate, machining rate, conversion cost, tooling, NRE, quality, testing, packing, logistics, EXIM, ICC, SG&A, contingency and margin.
8. Compile and validate inputs received from Sourcing, Production, Engineering, Finance, EXIM, Logistics and other stakeholder functions.
9. Prepare the project cost proposal with calculations, assumptions, risks and supporting evidence.
10. Review the cost proposal with the Head of Business Development and Executive Director - Technical and revise the proposal based on review inputs.
11. Provide approved costing inputs for preparation of the customer quotation, including scope, non-recurring costs, commercial assumptions and exclusions.
12. Update quotation formats and maintain revision-controlled costing and approval records.
13. Prepare the cost budget upon receipt of the purchase order and share the approved budget with Project Leaders and relevant functions.
14. Furnish necessary cost details to SCM for raw material procurement upon receipt of sample or development orders.
15. Maintain costing trackers, review reports, cost databases, quotation records and departmental documents.
16. Provide accurate status updates on pending inputs, cost risks, review actions and completion dates.