SR Manager Costing :Automotive

Position : Senior Manager-Costing

Location : Gurgaon

JD-Costing Cell Manager

• Experience 11-14 years
• Should be from Auto Industry & assembly manufacturing
• Well versed with Excel & Basic Formula
• SAP can be added advantage
• Should be Techno-Commercial
• Basic of costing fundamentals is must

Designation: Costing Cell team member

1. Cost Estimation and Budgeting

• Develop accurate cost estimates for projects based on project plans, drawings, and specifications.
• Prepare detailed budgets, identifying all potential cost variables such as labor, materials, and overheads.
• Regularly update cost estimates based on changes in project scope, design, or external factors.

2. Cost Control and Monitoring

• Track and monitor actual project costs against budgeted costs to identify variances.
• Implement corrective actions to control costs, ensuring projects stay within budget.
• Provide timely alerts to management about potential cost overruns or savings opportunities.

3. Cost Analysis and Reporting

• Perform detailed cost analysis to determine the reasons for cost variances.
• Prepare and submit periodic financial reports on project costs, highlighting key performance indicators (KPIs).
• Provide detailed cost breakdowns and forecasts for ongoing and future projects.

4. Tendering and Bidding

• Assist in the preparation of tender documents and bid submissions by calculating cost estimates for various projects.
• Support the selection of vendors and suppliers by providing cost-effective recommendations based on estimates.
• Ensure all tender submissions comply with financial and project specifications.

5. Compliance and Documentation

• Ensure all cost-related activities comply with industry regulations, standards, and company policies.
• Maintain accurate and organized documentation of cost estimates, budgets, and financial reports for audit and review.

6. Cost Optimization

• Continuously look for ways to reduce costs while maintaining quality and project timelines.
• Suggest alternative materials or methods that could lead to cost savings without compromising on project standards.

These Role & Responsibility ensure that the Costing Engineer effectively manages the financial aspect of engineering projects, maintaining profitability and cost efficiency.

Preferably worked with Automobile industries and aware of commodities of ( Steel Rubber Plastic )