Job Description: Costing Engineer at Royal Autotech Pvt Ltd

Location: Sector 58, Faridabad, Haryana

Company Overview:
Royal Autotech Pvt Ltd, nestled in the heart of Sector 58, Faridabad, Haryana, is a distinguished name in the sheet metals industries sector. Renowned for our commitment to excellence and innovation, we specialize in manufacturing top-quality automobile and automotive parts. With a relentless pursuit of precision and quality, we have solidified our position as a leader in the industry. As we continue to expand our operations, we are in search of a talented and experienced Costing Engineer to join our esteemed team.

Position Overview:
The Costing Engineer is a vital member of our organization, playing a pivotal role in optimizing costs, enhancing efficiency, and driving profitability. With 3-5 years of experience in automobile or automotive parts manufacturing, particularly in PRESS SHOP and WELD SHOP processed parts, the ideal candidate will possess a keen analytical mind and a deep understanding of manufacturing processes. This role presents an exciting opportunity to contribute to our company’s success by ensuring competitive pricing and maximizing value across our product portfolio.

Key Responsibilities:
– Collaborate with cross-functional teams, including production, procurement, and finance, to develop accurate and comprehensive cost estimates for new and existing products.
– Conduct detailed analysis of manufacturing processes, material costs, labor costs, overheads, and other factors to determine the cost of production for each product line.
– Work closely with the Engineering and Design teams to evaluate alternative materials, processes, and designs that can optimize costs without compromising quality or performance.
– Develop cost models and pricing strategies for new product introductions, taking into account market trends, competitor pricing, and customer requirements.
– Prepare and present cost analysis reports to senior management, highlighting cost drivers, potential cost-saving opportunities, and areas for improvement.
– Monitor and analyze production variances, identifying root causes and implementing corrective actions to align actual costs with budgeted costs.
– Support the procurement team in negotiating contracts with suppliers and vendors, ensuring favorable terms and pricing to minimize costs.
– Develop and maintain cost databases and standard costing systems, ensuring accuracy and consistency in cost data across all product lines.
– Provide insights and recommendations to management on cost reduction initiatives, process improvements, and strategic investments.

Requirements:
– Bachelor’s degree in Mechanical Engineering, Industrial Engineering, or a related field.
– 3-5 years of experience in cost engineering, cost estimating, or related roles within the automobile or automotive parts manufacturing industry.
– Solid understanding of manufacturing processes, particularly PRESS SHOP and WELD SHOP processes, and their associated costs.
– Proficiency in cost estimation techniques, cost modeling, and financial analysis.
– Advanced skills in Microsoft Excel and other financial modeling tools.
– Excellent analytical and problem-solving skills, with a keen attention to detail.
– Strong communication and interpersonal skills, with the ability to collaborate effectively with cross-functional teams.
– Knowledge of ERP systems and manufacturing software tools is desirable.

Working Conditions:
6 Days / 9 hours working (flexible as per work schedule). Sometimes may
require to extend work hours based on urgencies only.

Age Slab: Upto 30 years only,

Benefits:
– Competitive salary package based on experience and qualifications.
– Health insurance coverage and other employee benefits.
– Provident fund and gratuity benefits as per company policy.
– Opportunities for career advancement and professional development.
– Supportive and collaborative work culture, with a focus on employee well-being and growth.

Application Process:
Qualified candidates are invited to submit their application, comprising a detailed resume and a cover letter outlining their suitability for the role. Applications should be sent via email to [email protected], with the subject line “Application for Costing Engineer”

Conclusion:
Embark on a rewarding career journey as a Costing Engineer at Royal Autotech Pvt Ltd, where you’ll have the opportunity to make a significant impact on our company’s success and growth. If you are passionate about driving cost efficiencies, optimizing processes, and maximizing value, we encourage you to apply today and join our dynamic team.

Contact Information:

Makhija Placement
☎️:- +91-9136437977, 8920508558
📧:[email protected]
🌐:-www.Makhijaplacement.com