Cost Engineer

Location

Chennai | India

Job description

• Project Engineering focuses on designing, communicating, and implementing an operational plan for completing an engineering-based project including Preparing designs, project controls and specifications, schedules, cost estimates, production, transportation, installation, testing and/or commissioning of new infrastructure, facilities, equipment, etc
• Monitoring progress and performance against the project plan; taking action to resolve operational problems and minimize delays
• Identifying, developing, and gathering the resources necessary to complete the project
• May include preparing engineering standards, designs, and work specifications; developing project schedules, budgets, and forecasts; and selecting materials, equipment, project staff, and external contractors A Senior Professional (P3) applies advanced knowledge of job area typically obtained through advanced education and work experience
• Responsibilities may include Managing projects / processes, working independently with limited supervision
• Coaching and reviewing the work of lower-level professionals
• Problems faced are difficult and sometimes complex

Your Responsibilities:

• Lead all activities related to cost engineering within the assigned scope of work.

• Utilize cost methodologies, tools and appropriate software models and provide expert knowledge in cost analysis, manufacturing processes, material/supplier comparison etc.

• Work proactively towards cost target objectives and sourcing strategy in collaboration with Strategic Buyers, Category Managers, NPI Teams and R&D.

• Investigate and identify cost reduction opportunities through cost analysis review for new as well as existing parts/products.

• Maintain reliable and accurate data related to raw materials, processes, machines, labor rates etc. relevant to the scope of work.

• Requires knowledge of at least one Cost estimation software s such as aPriori , PCS/PCM-Team Center, DFMA and SEER Tool-Galorath .

• Analyze supplier manufacturing process, infrastructure and quotes and provide arguments with data to aid communication with suppliers and customers and achieve cost optimization.

• Support supplier meetings and negotiations to challenge 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 buyers.

• Take end to end responsibility for the full scope interacting with all internal and external stakeholders as require.

• Safety and Integrity: Living Hitachi Energy s core values of safety and integrity, which means taking responsibility for your own actions while caring for your colleagues and the business.

Your Background:

• A bachelor s degree in electrical & Electronics /Mechanical/Production/Material Sciences Engineering, master s degree is a plus.

• 7 to 10 years in similar industry or automobile or aerospace.

• Deep understanding of various cost models viz. Should Costing, Directional Costing, Linear Performance Pricing, Price History, Benchmarking etc.

• Knowledge and understanding of a variety of manufacturing processes and components and ability to evaluate and analyses associated costs.

• Work exposure to different supply regions such as China, India, Europe, and US.

• Good experience in Supplier assessments, workshop, and negotiations.

• Exposure to Design for Manufacturing would be an advantage.

• Ability to coordinate with cross functional and cross geographical teams, Flexibility to travel min 10%.

• Excellent Analytical and communication skills

• Proficiency in both spoken & written English language is required.

Job tags

Salary