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Costing and Estimation Engineer

5 years

0 Lacs

Posted:1 week ago| Platform: Linkedin logo

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Work Mode

On-site

Job Type

Full Time

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:

Costing and Estimation Engineer

Key Responsibilities:

  • manufacturing cost estimates

  • 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:

not limited to but also includes

  • Machined parts

  • Fabricated components

  • Bought-out items

  • Transmission parts

  • Engineering components

  • Special processes

Key Skills Required:

  • Mechanical Engineering Background

  • Cost Estimation Experience

  • Analytical Skills

  • Communication Skills

  • Costing Tools Proficiency

  • Preferred Software Knowledge

  • 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

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