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:
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