Costing Engineer

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