Should Costing Engineer

Ilensys Technologies; Hyderabad; On-site; INR 1,200,000 - 1,800,000; Full time

Job summary

A leading technology firm in Hyderabad is seeking a skilled cost analyst for a role focused on developing accurate cost models and identifying savings opportunities through detailed supplier analysis. The ideal candidate possesses a B.E/M. E in Mechanical or a related field, with a minimum of 3 years in manufacturing environments. Key skills include proficiency in cost modeling tools like Apriori and a strong analytical acumen. The role entails preparing reports and working closely with stakeholders to drive cost-reduction initiatives.

Qualifications

• Minimum of 3 years experience in a Manufacturing/Process Engineering environment.
• Strong analytical skills with the ability to interpret large datasets.
• Ability to communicate effectively with internal and external parties.

Responsibilities

• Develop cost models by analyzing supplier manufacturing processes.
• Identify savings opportunities through cost gap analysis.
• Prepare analytical reports for decision-making.
• Prepare and present comprehensive analytical reports covering parts, assemblies, and finished products to support decision-making.
• Maintain effective communication and coordination with internal stakeholders and external suppliers/vendors.

Skills

Cost modeling tools proficiency

Activity-Based Costing (ABC)

Data analysis

Communication skills

Supplier cost benchmarking

Cost reduction

Education

B.E/M. E Mechanical or similar domain

M.E in Mechanical

Tools

Apriori

Costimator

Costing software

Job description

Responsibilities

• Responsible for developing accurate and defensible cost models by analysing supplier manufacturing processes and cost drivers.
• Perform detailed cost gaps between supplier quotations and should-cost estimates to identify savings opportunities.
• Supporting strategic sourcing, negotiations, and cost-reduction initiatives across global, cross-functional teams.
• Prepare and present comprehensive analytical reports covering parts, assemblies, and finished products to support decision-making.
• Maintain effective communication and coordination with internal stakeholders and external suppliers/vendors.

Qualifications

• B.E/M. E Mechanical or similar domain
• Minimum 3 years of experience in a Manufacturing / Process Engineering environment such as Plastics, Sheet Metal, Machining, Casting, Forging, Mirror/Optics, Heat Treatment, or Surface Treatment (must have).

Essential Skill set/s

• Proficiency in cost modeling tools such as Apriori, Costimator, or similar should-costing software.
• Experience in developing and applying Activity-Based Costing (ABC) methodologies to build detailed manufacturing cost models.
• Ability to establish and validate production cost estimates including tooling costs and process alternatives.
• Competence in breaking down manufacturing costs into key elements: Material, Labor, Overhead, Tooling & Yield / Scrap
• Ability to gather proposals, specifications, and technical documentation and convert them into structured cost estimates for new and existing products.
• Experience in analyzing supplier quotations and ensuring alignment with internal should-cost benchmarks.
• Strong ability to identify, quantify, and explain cost gaps between supplier pricing and internal estimates.
• Ability to investigate and drive cost reduction opportunities through detailed cost analysis and benchmarking.
• Strong analytical and numerical skills with the ability to research, compile, manage, and interpret large datasets.

Desirable Skill set/s

• Experience in value analysis, value engineering (VA/VE), and process optimization initiatives.
• Exposure to global sourcing environments and supplier cost benchmarking practices.
• Ability to prepare costing templates for components, assemblies, and finished products (preferably in Metals and Plastics).
• Experience contributing to cost monitoring, reporting systems, and trend analysis.
• Experience working closely with cross-functional teams including Purchasing, Engineering, Finance, and Manufacturing to support sourcing strategies.
• Good planning, interpersonal, and communication skills.
• Self-motivated, highly organized, and capable of working independently in a fast-paced environment.