Manufacturing Cost Engineer

Job Summary

The Cost & Estimation Engineer is responsible for preparing product cost estimates, analyzing manufacturing costs, preparing quotations, monitoring cost variances, and supporting pricing decisions. The role works closely with Design, Production, Purchase, PPC, and Sales to ensure accurate product costing and profitability.

Key Responsibilities

Prepare detailed product cost estimates based on drawings, BOM, routing, and manufacturing processes.

Calculate material, fabrication, machining, painting, assembly, and logistics costs.

Prepare and maintain standard costing for all products.

Analyze actual production costs against estimated costs and identify variances.

Coordinate with Design for new product costing and engineering changes.

Work with the Purchase team to obtain the latest material and vendor rates.

Support the Sales team by preparing commercial cost sheets and quotations.

Develop cost-saving proposals through value engineering and process improvements.

Maintain costing databases, BOMs, and pricing records.

Monitor raw material price fluctuations and evaluate their impact on product costs.

Prepare monthly cost analysis reports and management MIS.

Support budgeting and annual cost planning activities.

Ensure all costing documents are accurate and updated.

Coordinate with cross-functional departments for cost optimization initiatives.

Educational Qualification

B.E./B.Tech (Mechanical/Production/Industrial Engineering)

Diploma with relevant experience may also be considered.

Experience

3–8 years of experience in manufacturing, fabrication, heavy engineering, trailer, automotive, or engineering industries.

Experience in product costing and estimation is mandatory.

Required Skills

Product Costing

Estimation & Quotation Preparation

BOM Analysis

Cost Control & Cost Analysis

Manufacturing Process Knowledge

Strong Microsoft Excel Skills

ERP Knowledge (SAP, ERPNext, Oracle, Tally Prime, etc.)

Good analytical and communication skills

Knowledge of fabrication, welding, machining, painting, and assembly processes

Key Performance Indicators (KPIs)

Accuracy of cost estimates

Quotation turnaround time

Cost variance between estimated and actual cost

Cost reduction initiatives implemented

Timely submission of costing reports

Pricing accuracy and profitability

ERP/BOM data accuracy

Preferred Industry

Heavy Engineering, Trailer Manufacturing, Automotive, Fabrication, Construction Equipment, Sheet Metal, Capital Goods, or Industrial Manufacturing.

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

Benefits:

Food provided

Health insurance

Provident Fund

Education:

Diploma (Required)

Experience:

Product Costing: 3 years (Required)

Work Location: In person