Engineer - Costing

Control Component India Pvt. Ltd.; Chennai District; On-site; INR 1,200,000 - 1,800,000; Full time

Job summary

Control Component India Pvt. Ltd. is seeking a Senior Engineer / Lead - Costing in Chennai, India. This role is pivotal in managing overall costing functions for engineered products. The ideal candidate will have 8–12 years of relevant experience, strong knowledge of manufacturing processes, and proficiency in ERP systems and MS Excel. You will collaborate across departments, provide pricing insights, and ensure accurate cost estimates to enhance profitability. The position offers a challenging opportunity to lead a dedicated team in a growing environment.

Qualifications

• 8–12 years of experience in Cost Estimation / Cost Engineering / Manufacturing Costing.
• Strong knowledge of manufacturing processes and materials requirements.
• Ability to read engineering drawings, GD&T, and technical specifications.

Responsibilities

• Review and prepare cost estimates for RFQs and tenders.
• Analyse drawings, BOMs, and specifications for accurate cost models.
• Collaborate with Engineering, Production, Procurement, Planning, and Sales.
• Drive continuous improvement in costing processes and tools.

Skills

Cost Estimation / Cost Engineering

Manufacturing Processes

Reading Engineering Drawings

ERP Systems (SAP / IFS)

Analytical Skills

Education

B.E. / B.Tech in Mechanical / Industrial Engineering

Certification related to estimations or analytical tools

Tools

MS Excel

Job description

About the Role

Seeking an experienced Senior Engineer / Lead - Costing to manage and drive the overall costing function for engineered products/manufactured components. The role involves ensuring accurate cost estimates, supporting pricing decisions, and improving profitability through strong cost governance. (leading a small team may be preferred)

Key Responsibilities

• Review and prepare cost estimates for RFQs, tenders, based on IS & Pre-Engg technical inputs.
• Analyse drawings, BOMs, and specifications to build accurate cost models.
• Validate material prices, machining/fabrication hours, overheads, and subcontracting costs.
• Collaborate with Engineering, Production, Procurement, Planning, and Sales.
• Maintain updated costing databases and conduct cost‑variance and should‑cost analysis.
• Provide pricing insights and support management during negotiations.
• Drive continuous improvement in costing processes and tools.

Required Experience & Skills

• 8–12 years of experience in Cost Estimation / Cost Engineering / Manufacturing Costing.
• Strong knowledge of manufacturing processes (machining, fabrication, assembly, etc.),Materials & its relevant requirements.
• Ability to read engineering drawings, GD&T, and technical specs.
• Proficiency in ERP systems (SAP / IFS) and MS Excel.
• Strong analytical skills, accuracy, and attention to detail.
• Ability to manage pressures of tight RFQ timelines.

Education

• B.E. / B.Tech in Mechanical / Industrial Engineering.
• Any certification related to estimations or analytical tools(preferable)

Key Competencies

• Cost & profitability analysis
• Technical depth in manufacturing
• Decision‑making & problem solving
• Team leadership
• Stakeholder Influence & Collaboration
• Business & Financial Acumen
• Process Improvement & Standardization