Skillventory Hiring for Sr. Costing Engineer at Bengaluru, Karnataka Full Time

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Job Description

Roles and Responsibilities

Job Summary

The Senior Costing Engineer will work closely together with the engineering team, ensuring that the costing of the system under development is complied, tracked, and meet design requirements. By this, you will play a vital role in the release, approval, and certification process of the system. You will collect and analyse data and information to estimate costs associated with manufacturing a product.

Job Accountabilities

• Develop financial model for projects and products under development from R&D phase through commercialization to Improve Product Margins.
• Utilise cost methodologies and tools and appropriate software models and packages to prepare and maintain reliable and accurate data
• 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.
• Work with stakeholders to ensure estimates are accurate and to make appropriate adjustments and resolve issues.
• Compile and own project cost data from Technology Development, Installation & Ops,

Manufacturing & Supply Chain, and actual project implementations.

• Track and ensure cost performance targets are on track and cost reduction initiatives.
• Implement Financial Risk Management Techniques and share with the design and Sr. Leadership teams.
• Work very closely with Engineering to define and get buy in on cost targets during formal design reviews and brainstorming sessions
• Strong support on Annual/ periodic Budgeting.
• Monthly, Quarterly and Annual reporting of the financial performance to senior leadership.
• Work tightly with Engineering, Product Management, Vendors, Suppliers to build and optimize the cost model

Skills Required (Knowledge and Skills)

• Strong financial analysis skills
• Strong understanding of economics and development of rail and/or automotive transportation projects.
• Understanding of innovative business models to improve the financial viability of projects.
• Strong negotiation and partnership skills
• Highly analytical, with advanced problem-solving skills and attention to detail.
• Strong written and verbal communication skills
• Knowledge of industry regulations and standards.
• Ability to understand and redefine regulations and standards as optimally applicable to new technologies.
• Good understanding of manufacturing cost contributors both direct and Indirect Costs (material, labor,
• Good understanding of production ramp up including tooling,
• Self-starter who thrives in a fast-paced environment
• Ability to multi-task and handle tasks with competing priorities effectively
• Experience implementing change and conflicts resolution

Key Attributes (Experience and Qualifications)

• Bachelor’s degree in Finance, Engineering, Manufacturing or Supply Chain required
• MBA or MS degree or other advanced degrees in finance desired
• Min. 8-10 years of industry experience
• Prior experience in managing finance in the Transportation sectors is preferred.
• Prior experience in end-to-end finance management for high technology products.

Role:Other

Salary: Not Disclosed by Recruiter

Industry:Automobile

Department:Other

Role Category:Other

Employment Type:Full Time, Permanent

Key Skills

CostingFinance

Education

UG:Any Graduate

Company Profile

SKILLVENTORY

Leading Manufacturing Brand

Contact Company:SKILLVENTORY