Costing Engineer

Costing Engineer

Incumbent of this role will be part of our procurement team and will report to SCM Manager. This role provides support of existing working relationship between Tendering Team in order to generate sales. The performance of this individual will directly influence the Company's external relationships; hence the key is to win opportunities.

In general, it is required the incumbent is from engineering background and technical knowledge about Pumps castings, machining, forging & fabrication and must have knowledge of estimation or costing of these items as per drawings. Also have knowledge of supplier management, cost reduction, lead time monitoring and management, quality monitoring and management. This position will be based at our Ghaziabad office.

Principle Duties and Responsibilities

• Provides support to do the costing/Estimation of pump component commodity likes casting, machining, forging & Fabrication.
• Monitor and adjust cost estimates based on changes to project scope.
• Compare actual costs with estimated costs and prepare variance reports.
• Collaborate with other team members to identify areas for cost savings.
• Developing and maintaining strong relationships with suppliers, monitoring their performance, and resolving any issues related to quality, delivery, or pricing.
• Evaluating supplier performance and identifying areas for improvement.
• Strong negotiation skills and the ability to analyze data to make informed purchasing decisions.
• Suppliers' selection & supplier Audit.
• In addition whenever required, Negotiates favorable terms, volume discounts and long-term contracts with suppliers and prepares and processes requisitions and purchase orders for the procurement of goods, services and supplies for customer-related business processes or for internal use as a generalist or in a combination of Purchasing Disciplines.

Knowledge, Skills and Abilities

• Proficient in English language – both written and verbal. Excellent communicator to bring common purpose to tasks and strategies (internal – external)
• Competence in Microsoft Office packages – Excel, Word, PowerPoint are prerequisites
• Technical ability to learn and understand proprietary sizing & selection of company software
• Organized, be able to manage multiple tasks professionally
• Good time management, sets and meets deadlines and assigned objectives.
• Understanding of engineering principles related to designated business unit, especially about our API Pump product line
• Ability to read, interpret and accurately respond to technical specifications related to costs of items.
• Ability to effectively present information and respond to questions from internal personnel
• Understands ownership and accountability of assignments
• A team player with ability to interface with multiple functions - Operations, Finance, Engineering, Projects, Sales
• Solid ability to learn products capabilities and limitations
• Understanding of engineering principles related to Pump process.
• Knowledge of industry engineering standards and product capabilities
• Ability to manage detailed files and strives for accuracy
• Awareness of market sectors and products within served by the offered products
• Strong interpersonal skills
• Creative and Independent

Mandatory Education and Experience

• B.E in Mechanical/Industrial Engineering in regular course from recognized Institute/University in India.
• 4-8 years of relevant industry experience in purchase of casting, forging, fabrication & machining components. Experience in Pump industry is preferred. Should have worked with Tendering/Proposal teams in the past.
• Experience to do the costing/Estimation as per drawings.
• Mandatory to have Excellent communication and negotiation skills