Comprehensive Cost Estimation: Develop detailed and accurate cost estimates for large-scale and complex projects, encompassing all aspects such as materials, labour, equipment, and subcontractor services.
Budget Management: Oversee project budgets, monitor expenditures, and implement cost control measures to ensure financial objectives are met.
Risk Analysis: Conduct thorough risk assessments to identify potential financial risks and develop mitigation strategies to minimise impact on project budgets; Maintain raw material historical data records
Process Optimisation: Analyse existing costing processes and implement improvements to enhance accuracy, efficiency, and responsiveness.
Stakeholder Collaboration: Work closely with project managers, engineers, procurement teams, and other stakeholders to align cost objectives with project goals and timelines.
Market Analysis: Stay updated with market trends, pricing fluctuations, and emerging technologies to provide informed cost analyses and forecasts.
Mentorship: Provide guidance and mentorship to junior costing engineers, fostering professional development and knowledge sharing within the team.
Reporting: Prepare and present detailed cost reports, variance analyses, and financial forecasts to senior management and stakeholders as well as provide negotiation updates in sales meetings; Help the Sourcing team identify suppliers who provide transparent, competitive pricing.
Qualifications
Educational Background: Relevant bachelor’s in engineering or are related field; an advanced degree is preferred.
Work Experience: Eight-year minimum a proven track record of managing complex projects within budgetary constraints.
Costing Experience: Should costing for components, BOM costings, tooling estimates, budgetary quotes or estimates, etc.
Technical Proficiency: Advanced knowledge of cost estimation methodologies, financial analysis, and budgeting techniques.
Analytical Skills: Strong analytical and problem-solving skills with a keen attention to details and accuracy.
CommunicationSkills: Excellent verbal and written communication skills in English and Hindi(additional local language will be a plus point) with the ability to convey complex financial information to diverse audiences.
Leadership Abilities: Demonstrated leadership skills, with experience in managing teams and collaborating with cross-functional departments.
Industry Knowledge: In-depth understanding of industry standards, regulations, and best practices related to cost engineering and project management.
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