Purchase-Casting Machining

• 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.