Costing Engineer

Job Description – Cost Engineer

Hiring Manufacturing Industry

Company: PM Technologies

Department: Estimation & Costing

Designation: Cost Engineer

Location:Bommasandra Industrial Area, Bangalore

Experience: 2–5 Years (Preferred)

Qualification: Diploma Mechanical Engineering

1. Job Objective

To estimate the manufacturing and project costs of conveyors, industrial automation systems and fabricated equipment. The candidate will be responsible for preparing accurate cost estimates, material costing, vendor quotations, BOMs and commercial quotations to ensure project profitability.

2. Key Responsibilities

A. Cost Estimation & Analysis

• Prepare detailed cost estimates for conveyor systems and automation projects.
• Calculate raw material, fabrication, machining, assembly and installation costs.
• Estimate MS, SS, aluminium, sheet metal and structural fabrication costs.
• Calculate material weight based on engineering drawings.
• Prepare machine-wise and project-wise costing sheets.
• Analyse manufacturing costs and identify cost-saving opportunities.

B. Material & BOM Preparation

• Prepare detailed Bill of Materials (BOM).
• Calculate quantities and weights of materials.
• Identify mechanical, electrical and pneumatic components.
• Prepare material requirement lists based on drawings.
• Estimate belt, roller, chain, gearbox, motor, bearing and other component costs.

C. Vendor & Purchase Coordination

• Obtain quotations from suppliers and vendors.
• Compare vendor prices and negotiate for better rates.
• Verify material specifications and commercial terms.
• Coordinate with the purchase and design departments.

D. Quotation Preparation

• Prepare technical and commercial quotations.
• Calculate selling prices based on manufacturing costs and profit margins.
• Prepare project costing reports.
• Follow up on pending quotations.
• Revise costing based on changes in customer requirements.

E. Production Cost Monitoring

• Compare estimated costs with actual manufacturing costs.
• Monitor material consumption and wastage.
• Track fabrication, machining and assembly expenses.
• Identify cost deviations and report to management.

3. Technical Skills Required

• Knowledge of mechanical engineering and manufacturing processes.
• Understanding of conveyor systems and industrial automation.
• Knowledge of fabrication, welding, machining and sheet metal processes.
• Material weight calculation (MS, SS, Aluminium).
• Knowledge of motors, gearboxes, bearings, belts and chains.
• Good understanding of engineering drawings (2D & 3D).
• Strong knowledge of Microsoft Excel and costing formulas.
• Knowledge of AutoCAD is an added advantage.

4. Key Performance Indicators (KPI)

KPI

Performance Measurement

Cost Estimation Accuracy

Estimated vs. actual cost

Quotation Turnaround

Timely quotation submission

Material Costing

Accurate BOM and material weight

Vendor Management

Competitive purchase pricing

Cost Control

Reduction in manufacturing costs

Profitability

Maintaining target project margins

5. Required Personal Skills

• Analytical and problem-solving skills.
• Good communication and negotiation skills.
• Attention to detail.
• Time management.
• Coordination with design, production and purchase teams.
• Ability to work independently.

6. Department Coordination

The Cost Engineer will coordinate with:

• Design & Engineering Department
• Purchase Department
• Production & Fabrication Department
• Assembly Department
• Sales & Marketing Department
• Accounts Department

7. Expected Deliverables

• Project Cost Estimation Sheet
• Detailed Material BOM
• Material Weight Calculation Sheet
• Fabrication Cost Sheet
• Machining Cost Sheet
• Electrical & Mechanical Component Cost Sheet
• Vendor Comparison Sheet
• Final Quotation
• Estimated vs. Actual Cost Report

Pay: ₹35,000.00 - ₹40,000.00 per month

Benefits:

• Food provided
• Provident Fund

Work Location: In person