J_1238 - Costing Engineer

Speed Global; Pune District; On-site; INR 600,000 - 1,200,000; Full time

Job summary

Speed Global is seeking a cost-focused professional in Pune to support BOM management, costing, and manufacturing engineering activities. You will analyze cost data, maintain BOM structures, and collaborate with engineering and production to drive cost optimization and profitability.

The role requires a strong analytical mindset, proficiency in Excel and ERP/MRP systems, and effective cross-functional communication. This position offers growth within a dynamic manufacturing environment.

Qualifications

• Bachelor's degree in mechanical engineering (or chemical engineering) is required.
• 2–4 years in Product Costing, BOM Management, Manufacturing/Industrial Engineering or related fields.
• Good understanding of manufacturing processes, fabrication techniques, and engineering drawings.
• Experience in BOM creation, maintenance, and cost analysis activities.
• Knowledge of costing methodologies, estimation techniques, and cost optimization.
• Strong analytical and problem-solving skills with attention to detail.
• Ability to coordinate with engineering, production, and cross-functional teams.
• Proficiency in Excel and ERP/MRP systems; SAP exposure preferred.

Responsibilities

• Collaborate with Engineering to develop, maintain, and optimize BOM structures for products and assemblies.
• Support product costing by collecting, analyzing, and validating cost data for components and processes.
• Coordinate with factory and production teams to resolve costing and manufacturing issues.
• Develop understanding of manufacturing processes, fabrication methods, and equipment assemblies.
• Assist in preparing cost estimates, cost breakdowns, and product cost analyses.
• Support implementation and improvement of costing methodologies, tools, and processes.
• Identify cost reduction opportunities with cross-functional teams to improve profitability.
• Maintain costing records, BOM databases, and related documentation with data accuracy.

Skills

Costing & BOM mgmt

Manufacturing engineering

Cost analysis

Analytical thinking

Cross-functional coordination

Communication

Stakeholder management

Education

Bachelor's degree in mechanical engineering

Tools

Microsoft Excel

ERP/MRP systems

SAP

Job description

• Collaborate with the Engineering team to develop, maintain, and optimize Bill of Materials (BOM) structures for products and assemblies.
• Support product costing activities by collecting, analyzing, and validating cost data for components, materials, and manufacturing processes.
• Coordinate with factory and production teams to ensure effective communication, alignment, and timely resolution of costing and manufacturing-related issues.
• Develop a strong understanding of manufacturing processes, fabrication methods, purchased components, and equipment assemblies.
• Assist in preparing cost estimates, cost breakdowns, and product cost analyses to support business and engineering decisions.
• Support the implementation and continuous improvement of costing methodologies, tools, and processes to enhance costing accuracy and efficiency.
• Work with cross-functional teams to identify cost reduction opportunities and improve product profitability.
• Maintain costing records, BOM databases, and related documentation while ensuring data accuracy and consistency.

Skills and Experience Required:

• Bachelor's degree in mechanical engineering or chemical engineering.
• 2 to 4 years of experience in Product Costing, BOM Management, Manufacturing Engineering, Industrial Engineering, or related functions.
• Good understanding of manufacturing processes, fabrication techniques, equipment assemblies, and engineering drawings.
• Experience in BOM creation, maintenance, and cost analysis activities.
• Knowledge of product costing methodologies, cost estimation techniques, and cost optimization principles.
• Strong analytical and problem-solving skills with attention to detail.
• Ability to coordinate effectively with engineering, production, and cross-functional teams.
• Proficiency in Microsoft Excel and ERP/MRP systems; exposure to SAP or similar systems is preferred.
• Excellent communication, organizational, and stakeholder management skills.