Assistant General Manager - Should Costing Engineer

Role & responsibilities

• Prepare product and component costing based on BOM, drawings, specifications and manufacturing process.
• Develop should-cost models for fabricated, machined, sheet metal and bought-out components.
• Analyse material consumption, material yield, scrap and wastage for costing.
• Calculate process-wise costs including cutting, bending, fabrication, welding, machining, grinding, painting and assembly.
• Develop costing for heavy fabricated structures and sheet metal components used in construction/heavy equipment.
• Calculate cycle time, labour cost, Machine Hour Rate (MHR), consumables and manufacturing overheads.
• Review and validate supplier quotations and cost break-ups against internally calculated should cost.
• Identify cost gaps and support commercial negotiations with suppliers.
• Analyse major cost drivers and recommend opportunities for cost reduction and process optimisation.
• Support target costing for new products and engineering changes.
• Work with Design/Engineering teams to understand product specifications and evaluate design-to-cost opportunities.
• Support VA/VE initiatives, alternate material evaluation and process optimisation.
• Provide costing inputs for make-or-buy decisions, localization and alternate supplier development.
• Maintain databases for material prices, process rates, labour rates, MHR, cycle times and supplier benchmarks.
• Track changes in steel/material prices and manufacturing costs and update costing models.
• Prepare cost comparison, supplier benchmarking and cost-reduction reports for management.

Preferred candidate profile

• B.E./B.Tech in Mechanical / Production / Industrial Engineering.
• 1020 years of experience in Product Costing / Should Costing / Cost Engineering / Supplier Costing.
• Strong preference for candidates from Construction Equipment, Heavy Engineering, Heavy Fabrication, Industrial Machinery or Capital Equipment manufacturing.
• Strong ability to read and understand engineering drawings and manufacturing processes.
• Advanced MS Excel skills; ERP/SAP exposure preferred.
• CMA / Cost Accounting knowledge will be an added advantage.
• Strong analytical, commercial and negotiation skills.