Principal Engineer - Product Costing & Analytics

Mandatory Skills:

Good to have:

Experience :

Job Location :

About the Role

This role serve as a key liaison between business stakeholders and technical teams. The ideal candidate will possess in-depth knowledge of the end-to-end product costing lifecycle, coupled with hands-on experience in configuring, implementing, and supporting PCM solutions such as Teamcenter Product Cost Management or equivalent platforms. This role requires close collaboration with cross-functional teams including Finance, Procurement, Manufacturing, Engineering, and Digital to design and deliver solutions that provide both accurate cost information and powerful analytical capabilities

What You Will Do

• Lead and contribute to consulting engagements focused on both product cost management and cost analytics.
• Analyze and optimize existing product costing processes, identifying opportunities for improvement in accuracy, efficiency, and control.
• Design and implement product costing solutions within relevant systems -Teamcenter PCM, aPriori, or custom-built tools including configuration and customization.
• Collaborate with PLM/ERP teams to integrate costing with BOM, routing, and material data.
• Develop and implement data models and analytical frameworks to extract valuable insights from product cost data.
• Utilize data visualization tools (e.g. Qlik, Klera) to create insightful dashboards and reports that communicate key cost drivers, trends, and variances.
• Collaborate with technical teams to ensure the seamless integration of product costing data with data warehouses, business intelligence platforms, and other analytical tools.
• Develop and execute test plans to validate the accuracy and reliability of both product costing configurations and analytical outputs.
• Prepare comprehensive documentation, including functional specifications, configuration guides, data flow diagrams, and analytical reports.
• Conduct workshops and training sessions for client users on product costing processes, system functionalities, and analytical tools.
• Stay updated with latest trends and tools in digital costing, data analytics, and industry best practices.
• Contribute to the development of internal knowledge assets, methodologies, and accelerators related to product costing and analytics.
• Supports cost template modeling, calculation rules, scenario configuration.
• Maintains BOM, material master, routing interfaces between PCM and SAP, PLM, MES and other systems.
• Responsible for designing, developing, and maintaining cost analysis reports and dashboards that help stakeholders monitor and optimize product costing strategies.
• Responsible for data Quality and Governance of Product cost and Carbon data.

What You Need to Be Successful

• 15-18 years of consulting or industry experience with a significant focus on both product cost management and data analytics.

• Strong understanding of product costing principles, methodologies (e.g. standard costing, actual costing, activity-based costing), and their data implications.

• Strong

  experience in configuring and implementing product costing modules -Siemens TCPCM, aPriori

• Proficiency in data visualization tools (e.g. Power BI, Tableau, Qlik Sense).

• Experience with data modeling, ETL processes, and data warehousing concepts.
• Strong SQL skills for data querying and manipulation.
• Excellent communication (written and verbal), presentation, and interpersonal skills with the ability to explain complex technical and financial concepts to both technical and non-technical audiences.
• Ability to work independently and collaboratively within a team environment.
• Strong problem-solving and analytical skills with a keen attention to detail.
• Willingness to travel as required by client engagements.

Bonus Points if You Have

• Bachelors degree in accounting, Finance, Industrial Engineering, Data Science, Business Analytics, Information Technology, or a related field. A masters degree is a plus.
• Experience with statistical analysis tools and programming languages.
• Knowledge of machine learning concepts and their application in cost analysis.
• Experience with cloud-based data platforms (e.g. AWS, Azure).
• Familiarity with financial planning and analysis (FP&A) processes.
• Relevant certifications in areas such as data analytics, business intelligence, PLM, PCM and ERP.
• Experience in Automotive or High-tech industry

What Makes You Eligible

• Willingness to travel as required by client engagements..
• Be willing to work in the Bangalore/Pune office.