Cost and Estimation Engineer

Job Description

Job Title: Costing and Estimation Engineer Work Location: Sanathnagar,Hyderabad Education & Qualification: B.Tech in Mechanical Engineering with a minimum of 5 years of relevant experience Diploma in Mechanical Engineering with a minimum of 10 years of relevant experience Job Summary: We are looking for a skilled and detail-oriented Costing and Estimation Engineer to join our Mechanical R&D team. In this role, you will be responsible for providing accurate cost estimation, benchmark pricing, and project costing to support critical decision-making across mechanical engineering projects. Your insights will play a key role in cost optimization, resource planning, and overall project profitability. Key Responsibilities: Prepare detailed manufacturing cost estimates , benchmark pricing, and stage-wise project costing. Interpret engineering drawings and specifications to calculate material, labor, manpower, and overhead costs. Collaborate with design, procurement, and production teams to gather cost data and understand project requirements. Develop cost estimation models using Excel and other costing software/tools. Perform cost comparison studies, support vendor negotiations, and recommend cost-saving opportunities. Maintain and update costing databases, price lists, and standard cost templates. Participate in design reviews to provide cost-related insights and support design-to-cost initiatives. Analyze cost variances during and after project execution to identify areas for improvement. Scope of Costing Work: The costing role is not limited to but also includes part types such as: Machined parts Fabricated components Bought-out items Transmission parts Engineering components like bearings, pulleys, etc. Special processes such as galvanizing, powder coating, etc. Key Skills Required: Mechanical Engineering Background Strong knowledge of mechanical design, manufacturing processes, and engineering materials. Cost Estimation Experience – Proven experience in cost estimation and evaluation for mechanical components and assemblies. Analytical Skills – Ability to work with complex data sets and provide actionable costing insights. Communication Skills – Excellent verbal and written communication for cross-functional collaboration. Costing Tools Proficiency – Skilled in spreadsheets, costing software, and the ability to read technical drawings, calculate manpower and stage-wise costs. Preferred Software Knowledge – Working knowledge of SolidWorks and PLM Windchill is an added advantage. Preferred Attributes: High attention to detail and commitment to accuracy Ability to handle multiple projects simultaneously Strong problem-solving attitude and ownership mindset Experience in R&D or product-based manufacturing environments