Costing Engineer

Job Title: Costing Engineer – Should Costing & VA/VE (Contract)

Location: Bangalore

Job Overview

We are looking for experienced Costing Engineers to be deployed at a client location in Jaipur for a short-term, high-impact engagement. The role focuses on should cost estimation and Value Analysis / Value Engineering (VA/VE) projects across automotive components.

The ideal candidate will have hands-on experience in manufacturing cost breakdowns, process-based costing, and cost reduction initiatives, and will be comfortable working directly with client engineering, sourcing, and manufacturing teams.

Key Responsibilities

· Perform should cost estimation for automotive components

· Develop detailed cost breakdowns for processes such as:

• Casting, Forging, Machining
• Injection Moulding
• Sheet Metal / Fabrication / Stamping
• PCBs and electro-mechanical assemblies

· Execute VA/VE workshops and analyses to identify cost reduction opportunities

· Analyse material, process, labour, overhead, tooling, and yield losses as cost drivers

· Conduct what-if scenarios and sensitivity analysis to support sourcing and negotiation

· Benchmark supplier quotes against should-cost models and highlight gaps

· Work closely with client design, sourcing, manufacturing, and quality teams

· Document assumptions, methodologies, and findings in structured cost reports

· Present cost insights and VA/VE recommendations to client stakeholders

Required Qualifications

· Bachelor's/master's degree in mechanical / electrical / Electronic Engineering

· 1 - 3 years of experience in:

• Should costing / cost engineering
• VA/VE or teardown-based costing projects

· Strong understanding of manufacturing processes and cost drivers

· Hands-on proficiency in Microsoft Excel (advanced costing sheets, scenarios)

· Ability to work independently at client location with minimal supervision

· Strong analytical, problem-solving, and documentation skills

· Good communication skills for client-facing interactions

Ideal Candidate Profile

· Comfortable working in time-bound, delivery-focused projects

· Prior experience in automotive or industrial manufacturing environments

· Exposure to supplier negotiations, sourcing, or teardown projects is a plus

· Strong ownership mindset and attention to details.