Costing Engineer

Guindy Machine Tools; Chennai; On-site; INR 300,000 - 540,000; Full time

Job summary

Guindy Machine Tools Ltd is seeking a Mechanical Engineer with costing experience to join our manufacturing team. The role focuses on product costing, material cost estimation, machining time calculations, and determining machine hour rates.

You will analyze variances between estimated and actual costs, identify cost drivers, and contribute to cost reduction initiatives. You will prepare product-wise cost sheets and assist in quotations and pricing decisions.

Qualifications

• Estimate product cost and material cost.
• Calculate machining time and machine hour rate.
• Support quotations and pricing decisions with cost data.

Responsibilities

• Responsible for product costing, material cost estimation, machining time calculation and machine hour rate determination.
• Analyze estimated vs actual manufacturing costs, identify cost variation and implement cost reduction measures.
• Prepare product-wise cost sheets and profitability reports, and support quotation and pricing decisions.

Skills

Cost estimation

Costing engineering

Manufacturing costing

Education

Mechanical Engineering degree

Job description

Role & responsibilities

Responsible for product costing , material cost estimation, machining time calculation and machine hour rate determination, analyze estimated vs actual manufacturing costs, identify cost variation and implement cost reduction measures , prepare product wise cost sheet , profitability ,reports and support quotation and pricing decisions.

Preferred candidate profile

Mechanical Engineer with 1 to 2 years of experience in costing engineering in a manufacturing company.