Job Description

Product Costing Engineer

Responsibilities:

To collect and analyse data and information in order to estimate costs associated with manufacturing a product at GA India plant . Works proactively towards cost target objectives in collaboration with commercials team . Job holders in this role may take responsibility for the amount of components within the design and manufacturing process.

Principal Duties and Responsibilities

General and Task Management

• Determine cost estimate targets during the design and development process, recommending cost effective solutions

• Gather proposals, specifications and related documents and liaise with design , purchase & commercial team in order to convert specifications to cost estimates for new and current products

• Utilize cost methodologies and tools and GA costing format to prepare and maintain reliable and accurate data

• Establish cost estimates of production processes and tooling costs and review alternatives or put forward recommendations for improvement

• Assess cost effectiveness of products and track actual costs relative to budget and report status on a regular basis to ensure costs are in line with forecasts

• Monitor and review data and information to detect or assess problems

• Investigate and identify cost reduction opportunities through cost analysis review

• Contribute to cost monitoring and reporting systems and procedures and monitor trends

Relationship Management

• Liaise with stakeholders and support management decisions by providing appropriate cost information and data

• Provide cost estimates during change process and advise of cost impact of changes. Track and monitor activity

• Work with stakeholders to ensure estimates are accurate and to make appropriate adjustments and resolve issues

• Analyze supplier quotes and provide information and data, which aids communications with suppliers and customers and achieves cost optimisation.

• Ensure supplier quotations meet ‘should cost’ estimates

• Support supplier meetings and negotiations to challenge quotation prices and aim for cost reductions to meet target costs

• Support and utilize experience to aid best practice in the supplier process in conjunction with members of the purchasing team

• Liaise with purchasing department to provide continued feedback to ensure competitive pricing

Skills and Attributes:

• Good communication skills with the ability to form and maintain good relationships internally and externally

• Good interpersonal, negotiation and influencing skills

• Commercially and financially aware with strong analytical skills

• Strong technical mindset and able to read and interpret technical data and translate to others

• Highly numerate with the ability to research, assemble manage and manipulate numerical information

• Knowledge of estimating techniques with the ability to deliver against deadlines

• Strong attention to detail and accuracy skills

• Project management skills.

Required Skills:

- Knowledge of Costing and RFQ

- Knowledge of Customer Portal

- Knowledge of Plastic Products

- Strong interpersonal and communication skills, with the ability to build and maintain relationships with key stakeholders

- Deep understanding of the automotive industry, including market trends, customer needs, and regulatory requirements

Education:

Manufacturing /Production Engineering with Tool & Die making

Experience:

  • Experience in product costing in a position equivalent to at least 8 years.
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