Costing Engineer

Company: Gate Corporation USA

Role: Cost Estimation Engineer

Experience: Min 4-6 Yrs.

Industry: Aerospace/Automotive/Heavy Industry

Location: Hitech City, Hyderabad

Responsibilities:

• Generate comprehensive BOMs and MRP documents to outline the necessary materials for project execution.

• Review project documents, specifications, and drawings to understand project scope, requirements, and constraints.

• Utilize appropriate tools and systems to develop precise cost estimates for projects, considering factors such as materials, labor, equipment, and overhead costs.

• Discuss, coordinate, and resolve estimating input/queries with the project team to ensure the quality and accuracy of estimate.

• Perform cost reconciliation to compare current estimates with previous ones as the project progresses, ensuring consistency and identifying variances.

• Conduct thorough analysis and validation of costs using internal and external benchmarking data, historical indices, and component benchmarking.

• Identify risks, cost reduction opportunities, and uncertainties associated with the project, proposing viable solutions to mitigate them.

• Maintain an up-to-date database of materials, prices, subcontractor rates, and other relevant cost-related information to facilitate accurate estimations.

• Conduct research to identify cost-effective materials, resources, and processes suitable for each project, staying abreast of market trends and technological advancements.

• Responsible for maintaining all records for cost audit and compliance purposes, ensuring correct documentation creation, storage, and maintenance.

Qualifications:

• BTech/MTech in Mechanical Engineering.

• Strong organizational, coordination, planning, and interface skills to manage multiple tasks effectively.

• Excellent interpersonal and communication skills with the ability to convey recommendations to leadership/management and collaborate effectively with cross functional teams.

• Strong analytical skills with keen attention to detail and accuracy, capable of interpreting complex data and drawing meaningful insights.

• Deep understanding of various cost models and methodologies, with the ability to apply them effectively in project estimation.

• Familiarity with current market pricing trends and a comprehensive understanding of engineering, procurement, and manufacturing methodologies.

• Proven experience in cost estimation, preferably in product design or manufacturing industries.

• Proficiency in relevant software tools and systems for cost estimation and analysis.