Purchase-Casting Machining

TACO Air International Thermal Systems; Pune District; On-site; INR 1,200,000 - 1,800,000; Full time

Job summary

TACO Air International Thermal Systems seeks a cost analyst to prepare detailed cost estimates and RFQ submissions for new products. The role involves developing and maintaining standard costing models across casting, forging, and machining operations.

You will conduct should-cost analysis, benchmark supplier quotations, and support price negotiations while collaborating with Design, Engineering, and Supply Chain teams to ensure cost-effective product realization.

Qualifications

• Experience in cost estimation for multiple manufacturing processes (castings, forging, machining).
• Ability to prepare detailed cost estimates and RFQ submissions.
• Proven track record in developing and maintaining standard costing models.

Responsibilities

• Prepare cost estimates and RFQ submissions for new products.
• Develop and improve standard costing models for various casting and forging operations.
• Conduct should-cost analysis and benchmark supplier quotations.

Skills

Cost estimation

RFQ submissions

Cost modeling

Variance analysis

Pricing strategy

VA/VE

ERP costing

Finance controls

Supplier development

Lead costing team

Education

Bachelor's degree in Finance

MBA in Finance (preferred)

Tools

ERP costing system

Microsoft Excel

SAP

Job description

• Prepare detailed cost estimates and RFQ submissions for new products, covering raw materials, casting/forging processes, machining operations, tooling, labor, overheads, logistics, and margins.
• Develop, maintain, and continuously improve standard costing models for Die Casting, Sand Casting, Investment Casting, Closed Die Forging, Open Die Forging, and Machining operations.
• Conduct should-cost analysis and benchmark supplier quotations to support strategic sourcing decisions and commercial negotiations.
• Analyse detailed cost elements including material yield, process scrap, cycle time, labor utilization, machine rates, tooling amortization, consumables, energy costs, and rework expenses.
• Monitor and investigate actual versus standard costing variances, identify deviations, and recommend corrective actions.
• Support business development and sales teams with pricing strategies, quote preparation, annual price revisions, and customer negotiations.
• Collaborate with Design and Engineering teams to evaluate cost implications of product design changes, localization initiatives, and VA/VE projects.
• Track raw material market trends such as steel, aluminium, cast iron, alloy steel, and other metals, and update costing models accordingly.
• Prepare product costing sheets, profitability reports, contribution analysis, margin tracking, and program-wise financial performance reviews.
• Support annual budgeting, forecasting, capital expenditure evaluations, ROI analysis, and payback calculations for manufacturing investments.
• Work closely with Purchase, Production, Quality, and Supply Chain teams to validate costing assumptions and improve cost accuracy.
• Ensure compliance with internal finance controls, customer costing formats, and open-book costing requirements where applicable.
• Drive cost reduction initiatives through process optimization, productivity improvements, supplier development, and value engineering activities.
• Lead and mentor the costing team while maintaining costing databases, costing tools, and ERP costing parameters.
• Present cost analysis, management reports, and profitability reviews to senior leadership and stakeholders.