Costing Engineer

Advanced Structures India; Bengaluru; On-site; INR 600,000 - 1,000,000; Full time

Job summary

A leading engineering firm in Bengaluru is seeking a Costing Engineer for a short-term contract to support should cost estimation and VA/VE projects in the automotive sector. The ideal candidate will hold a relevant engineering degree and possess 1-3 years of experience in cost engineering, with strong skills in Excel and analytical problem-solving. This role involves working closely with client teams to identify cost reduction opportunities and document detailed findings.

Qualifications

• 1 - 3 years of experience in should costing or cost engineering.
• Experience in VA/VE or teardown-based costing projects.
• Strong understanding of manufacturing processes.

Responsibilities

• Perform should cost estimation for automotive components.
• Develop detailed cost breakdowns for casting, forging, machining, and more.
• Execute VA/VE workshops and analyses.

Skills

Should costing

Cost engineering

VA/VE

Advanced Microsoft Excel

Analytical skills

Problem-solving skills

Education

Bachelor’s/master’s degree in mechanical/electrical/Electronic Engineering

Job description

Overview

Job Title: Costing Engineer – Should Costing & VA/VE (Contract)

We are looking for experienced Costing Engineers to be deployed at a client location in Jaipur for a short-term, high-impact engagement. The role focuses on should cost estimation and Value Analysis / Value Engineering (VA/VE) projects across automotive components. The ideal candidate will have hands-on experience in manufacturing cost breakdowns, process-based costing, and cost reduction initiatives, and will be comfortable working directly with client engineering, sourcing, and manufacturing teams.

Responsibilities

• Perform should cost estimation for automotive components
• Develop detailed cost breakdowns for processes such as:
  • Casting, Forging, Machining
  • Injection Moulding
  • Sheet Metal / Fabrication / Stamping
  • PCBs and electro-mechanical assemblies
• Execute VA/VE workshops and analyses to identify cost reduction opportunities
• Analyse material, process, labour, overhead, tooling, and yield losses as cost drivers
• Conduct what-if scenarios and sensitivity analysis to support sourcing and negotiation
• Benchmark supplier quotes against should-cost models and highlight gaps
• Work closely with client design, sourcing, manufacturing, and quality teams
• Document assumptions, methodologies, and findings in structured cost reports
• Present cost insights and VA/VE recommendations to client stakeholders

Required Qualifications

• Bachelor’s/master’s degree in mechanical / electrical / Electronic Engineering
• 1 - 3 years of experience in:
• Should costing / cost engineering
• VA/VE or teardown-based costing projects
• Strong understanding of manufacturing processes and cost drivers
• Hands-on proficiency in Microsoft Excel (advanced costing sheets, scenarios)
• Ability to work independently at client location with minimal supervision
• Strong analytical, problem-solving, and documentation skills

Ideal Candidate Profile

• Comfortable working in time-bound, delivery-focused projects
• Prior experience in automotive or industrial manufacturing environments
• Exposure to supplier negotiations, sourcing, or teardown projects is a plus
• Strong ownership mindset and attention to details.