Costing Engineer

About the Company:

Arora Engineering Works is a reputed mechanical manufacturing company with 30+ years of excellence in

manufacturing, supplying, and exporting industrial machinery parts and equipment for Cement Plants, Power

Plants, Steel Plants, Gypsum Plants, and FMCG industries. AEW specializes in fabrication, machining, heavy

mechanical assemblies, and precision engineering solutions.

Position Overview:

At Arora Engineering Works (AEW), the Costing Engineer will play a critical role in product costing, commercial

feasibility, and process optimization within a heavy mechanical manufacturing environment. The candidate will be

responsible for preparing accurate and competitive cost estimates by analyzing raw materials, fabrication,

machining, welding, finishing processes, consumables, labour, and manufacturing overheads.

The role includes developing and maintaining standard BOMs (Bill of Materials), BOQs, and process routings for

1000+ SKUs while ensuring costing accuracy and process standardization. The Costing Engineer will work closely

with production, purchase, quality, and sales departments to support profitable quotations, optimize manufacturing

costs, and improve operational efficiency.

The candidate will also monitor estimated vs actual manufacturing costs, identify variances, reduce material

wastage, improve cycle times, support vendor development, and provide management with actionable cost

insights for pricing and profitability decisions.

Key Responsibilities:

Costing & Estimation

• Prepare detailed product costing based on mechanical drawings and specifications

• Estimate manufacturing costs including raw materials, fabrication, machining, welding, finishing, consumables,

labour, and overheads

• Maintain updated costing sheets for MS, SS, Aluminium, and other industrial materials

• Prepare comparative costing reports for management review

• Support sales and management teams with accurate and competitive quotations

BOM & Technical Documentation

• Prepare and maintain BOM (Bill of Materials) and BOQ (Bill of Quantities)

• Develop standard process routings for manufacturing operations

• Review and interpret mechanical drawings for costing and production planning

• Create or review technical drawings using AutoCAD or similar CAD software

Manufacturing & Process Coordination

• Coordinate with production, purchase, and quality departments for cost feasibility

• Monitor actual manufacturing costs versus estimated costs and identify variances

• Improve material utilization and reduce wastage in fabrication and machining processes

• Analyze cycle times and support process optimization initiatives

• Provide technical costing support for new product development (NPD)

Vendor & Inventory Management

• Identify and develop vendors/subcontractors for machining, fabrication, and raw material procurement

• Evaluate vendor pricing and maintain cost competitiveness

• Monitor inventory valuation and identify slow-moving or high-value stock

• Support procurement decisions through technical and commercial analysis

Reporting & Analysis

• Generate costing MIS reports and profitability analysis

• Provide actionable cost insights to management for pricing and operational decisions

• Maintain proper documentation of cost sheets, BOMs, and technical records

Required Skills & Competencies:

• Strong knowledge of fabrication and machine shop operations

• Good understanding of mechanical manufacturing processes

• Excellent knowledge of BOM, BOQ, and costing calculations

• Strong understanding of MS, SS, Aluminium, welding consumables, and machining processes

• Ability to read and interpret mechanical drawings accurately

• Proficiency in AutoCAD or similar CAD software

• Strong analytical and problem-solving skills

• Good negotiation and vendor management capabilities

• Strong coordination and communication skills

• Ability to work under pressure and meet deadlines