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About the role
Product Costing Engineer Responsibilities: To collect and analyse data and information in order to estimate costs associated with manufacturing a product at GA India plant . Works proactively towards cost target objectives in collaboration with commercials team . Job holders in this role may take responsibility for the amount of components within the design and manufacturing process. Principal Duties and Responsibilities General and Task Management Determine cost estimate targets during the design and development process, recommending cost effective solutions Gather proposals, specifications and related documents and liaise with design , purchase & commercial team in order to convert specifications to cost estimates for new and current products Utilize cost methodologies and tools and GA costing format to prepare and maintain reliable and accurate data Establish cost estimates of production processes and tooling costs and review alternatives or put forward recommendations for improvement 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 Monitor and review data and information to detect or assess problems Investigate and identify cost reduction opportunities through cost analysis review Contribute to cost monitoring and reporting systems and procedures and monitor trends Relationship Management Liaise with stakeholders and support management decisions by providing appropriate cost information and data Provide cost estimates during change process and advise of cost impact of changes. Track and monitor activity Work with stakeholders to ensure estimates are accurate and to make appropriate adjustments and resolve issues Analyze supplier quotes and provide information and data, which aids communications with suppliers and customers and achieves cost optimisation. Ensure supplier quotations meet should cost estimates Support supplier meetings and negotiations to challenge quotation 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 members of the purchasing team Liaise with purchasing department to provide continued feedback to ensure competitive pricing Skills and Attributes: Good communication skills with the ability to form and maintain good relationships internally and externally Valuable interpersonal, negotiation and influencing skills Commercially and financially aware with strong analytical skills Strong technical mindset and able to read and interpret technical data and translate to others Highly numerate with the ability to research, assemble manage and manipulate numerical information Knowledge of estimating techniques with the ability to deliver against deadlines Strong attention to detail and accuracy skills Project management skills. Required Skills: - Knowledge of Costing and RFQ - Knowledge of Customer Portal - Knowledge of Plastic Products - Strong interpersonal and communication skills, with the ability to build and maintain relationships with key stakeholders - Deep understanding of the automotive industry, including market trends, customer needs, and regulatory requirements Education: Manufacturing /Production Engineering with Tool & Die making Experience: - Experience in product costing in a position equivalent to at least 8 years. .