Pricing Analyst 3

Emerson; Maharashtra; On-site; INR 1,200,000 - 2,400,000; Full time

Job summary

Emerson is seeking a Cost Analyst to support project costing, standard cost maintenance, and data-driven cost optimization. You will partner with finance, operations and sales to provide accurate cost information and drive profitable outcomes.

Role requires mechanical engineering background, strong Excel and ERP skills, and experience in industrial costing. You will analyze cost drivers, update costing databases, and support annual standard costing exercises.

Qualifications

• Bachelor's degree in Mechanical Engineering or related field.
• Experience in product costing and estimation in an industrial setting.
• Knowledge of raw materials and cost structures; familiarity with valve industry materials.

Responsibilities

• Review inquiries from project and sales teams and prepare cost analysis reports.
• Develop and provide accurate costing information for project-based requirements.
• Maintain and update standard costs for products and components.
• Monitor costing data in business systems based on raw material price changes and trends.
• Estimate costs for new products and support standard costing structures.
• Compare booked costs against costing benchmarks to ensure profitability.
• Partner with finance and operations to complete annual standard costing exercises.
• Analyze cost drivers and identify opportunities for cost optimization.
• Support cross-functional teams with cost insights for planning and decision-making.
• Maintain accurate costing records and ensure process compliance.

Skills

Cost analysis

Cost estimation

Analytical thinking

Excel proficiency

ERP systems experience

Cross-functional collaboration

Education

Bachelor's degree in Mechanical Engineering or related field

Tools

Microsoft Excel

ERP systems

Job description

Job Description

• Review inquiries received from project and sales teams and prepare detailed cost analysis reports.
• Develop and provide accurate costing information for project-based requirements.
• Maintain and update standard costs for products and components.
• Monitor and update costing data in business systems based on raw material price changes and market trends.
• Estimate costs for new products and support the creation of standard costing structures.
• Compare booked order costs against approved costing and standard cost benchmarks to help ensure profitable business outcomes.
• Partner with finance and operations teams to complete annual standard costing exercises.
• Analyze cost drivers and identify opportunities for process and cost optimization.
• Support cross-functional teams with cost-related insights for business planning and decision-making.
• Maintain accurate costing records and ensure compliance with established processes and guidelines.

Job Description

In This Role, Your Responsibilities Will Be:

• Review inquiries received from project and sales teams and prepare detailed cost analysis reports.
• Develop and provide accurate costing information for project-based requirements.
• Maintain and update standard costs for products and components.
• Monitor and update costing data in business systems based on raw material price changes and market trends.
• Estimate costs for new products and support the creation of standard costing structures.
• Compare booked order costs against approved costing and standard cost benchmarks to help ensure profitable business outcomes.
• Partner with finance and operations teams to complete annual standard costing exercises.
• Analyze cost drivers and identify opportunities for process and cost optimization.
• Support cross-functional teams with cost-related insights for business planning and decision-making.
• Maintain accurate costing records and ensure compliance with established processes and guidelines.

Who You Are:

You build partnerships and work collaboratively with others to meet shared objectives. You make quality decisions in a timely manner, sometimes with incomplete information and under tight deadlines. You gain the trust and support of others through honesty, integrity, and authenticity. You analyze complex information, identify key insights, and use sound judgment to solve problems and improve business outcomes.

For This Role, You Will Need:

• Bachelor's degree in Mechanical Engineering or a related technical field, or equivalent relevant experience.
• Experience in product costing, estimation, manufacturing, engineering, or a related function within an industrial environment.
• Knowledge of manufacturing processes, materials, and cost structures.
• Understanding of raw materials commonly used in the valve industry, including castings, forgings, carbon steel, stainless steel, and high-alloy materials.
• Familiarity with product and project cost estimation methodologies.
• Knowledge of quality requirements, inspection processes, material testing, and product validation practices.
• Understanding of import procedures, logistics, and duty calculations.
• Proficiency in Microsoft Excel and other business productivity tools.
• Experience working with ERP systems and maintaining costing data.
• Strong analytical, problem-solving, and decision-making capabilities.
• Attention to detail and a commitment to accuracy.
• Effective verbal and written communication skills.
• Ability to work collaboratively across functions and build positive working relationships.

Preferred Qualifications That Set You Apart:

• Experience within the valve, flow control, process automation, or industrial manufacturing industry.
• Knowledge of machining cost estimation and manufacturing cost analysis.
• Exposure to standard costing, cost accounting, or financial analysis processes.
• Experience supporting new product introduction and product lifecycle costing activities.
• Ability to identify cost-saving opportunities while maintaining quality and customer requirements.
• Demonstrated leadership or project coordination experience in cross-functional environments.

Our Culture and Commitment To You:

At Emerson, we prioritize a workplace where every employee is valued, respected, and empowered to grow. We foster an environment that encourages innovation, collaboration, and diverse perspectives - because we know that great ideas come from great teams. Our commitment to ongoing career development and growing an inclusive culture ensures you have the support to thrive. Whether through mentorship, training, or leadership opportunities, we invest in your success so you can make a lasting impact.

We believe diverse teams working together are key to driving growth and delivering business results.

At Emerson, we are guided by our values of innovation, integrity, collaboration, and inclusion. We welcome individuals with diverse experiences, backgrounds, and perspectives and encourage candidates who meet many, but not necessarily all, of the qualifications to apply. We are committed to creating an environment where everyone can contribute, grow, and succeed while helping deliver solutions that make a meaningful impact for our customers and communities.

About Us

WHY EMERSON

Our Commitment to Our People

At Emerson, we are motivated by a spirit of collaboration that helps our diverse, multicultural teams across the world drive innovation that makes the world healthier, safer, smarter, and more sustainable. And we want you to join us in our bold aspiration.

We have built an engaged community of inquisitive, dedicated people who thrive knowing they are welcomed, trusted, celebrated, and empowered to solve the world's most complex problems - for our customers, our communities, and the planet. You'll contribute to this vital work while further developing your skills through our award-winning employee development programs. We are a proud corporate citizen in every city where we operate and are committed to our people, our communities, and the world at large. We take this responsibility seriously and strive to make a positive impact through every endeavor.

At Emerson, you'll see firsthand that our people are at the center of everything we do. So, let's go. Let's think differently. Learn, collaborate, and grow. Seek opportunity. Push boundaries. Be empowered to make things better. Speed up to break through. Let's go, together.

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About Emerson

Emerson is a global leader in automation technology and software. Through our deep domain expertise and legacy of flawless execution, Emerson helps customers in critical industries like life sciences, energy, power and renewables, chemical and advanced factory automation operate more sustainably while improving productivity, energy security and reliability.

With global operations and a comprehensive portfolio of software and technology, we are helping companies implement digital transformation to measurably improve their operations, conserve valuable resources and enhance their safety.

We offer equitable opportunities, celebrate diversity, and embrace challenges with confidence that, together, we can make an impact across a broad spectrum of countries and industries. Whether you're an established professional looking for a career change, an undergraduate student exploring possibilities, or a recent graduate with an advanced degree, you'll find your chance to make a difference with Emerson. Join our team – let's go!

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