Costing Engineer

Role & responsibilities Cost Estimation & Analysis Perform detailed cost estimation for precision machining components and tooling . Develop cost models covering: CNC Turning, VMC (3-axis, 4-axis, 5-axis machining) Welding processes, Laser cutting & Waterjet cutting Special processes (surface treatments, heat treatment, coatings, etc.) Analyze BOMs, drawings, and manufacturing processes to derive accurate cost breakdowns. Evaluate cycle times, material utilization, tooling, and machine rates. Interpret engineering drawings (GD&T) , tolerances, and aerospace standards. Identify cost reduction opportunities through: Process optimization, Alternate manufacturing routes, Design-for-cost inputs Experience in supplier negotiations and cost validation Proficiency in: Excel-based cost models ERP/MRP systems (preferred) Supplier Management & Negotiation Work closely with suppliers to: Validate and benchmark quotations Negotiate pricing, lead times, and cost breakdown transparency Develop and maintain a should-cost model to support negotiations. Build strong relationships with machining vendors, fabrication suppliers, and special process providers. Cross-Functional Collaboration & Continuous Improvement Collaborate with: Engineering (Design & Manufacturing), Procurement, Production teams Drive cost improvement initiatives across suppliers and internal processes. Maintain updated databases of: Machine rates, Material costs, Standard process costs Support value engineering and cost reduction programs.