Job Description

Job Purpose

To analyse, estimate, and control costs associated with forging and casting operations, ensuring cost efficiency, optimal resource utilization, and accurate product pricing to support profitability and competitiveness

Qualifications & Skills

Education:

Bachelor's degree in Mechanical/Industrial Engineering, Metallurgy, or related field.

Experience:

3-7 years of experience in cost engineering or industrial costing, preferably in a forging and casting environment.

Skills:

Strong knowledge of forging and casting processes and associated cost elements. Proficiency in ERP systems (SAP, Oracle, etc.) and costing modules. Excellent analytical and problem-solving skills. Good communication and cross-functional collaboration.
Strong Excel and data analysis capabilities.

Key Responsibilities

1. Cost Analysis & Estimation

Prepare detailed cost estimates for forging and casting parts based on raw material, labour, tooling, machine time, and overheads. Analyse product drawings, process flows, and BOMs (Bill of Materials) to determine cost drivers. Develop cost models for new parts or process changes.

2. Cost Monitoring & Control

Monitor production costs on a daily/monthly basis and identify variances against standard or estimated costs. Investigate deviations and recommend corrective actions to minimize wastage and inefficiencies. Collaborate with production and procurement teams to track cost-saving opportunities.

3. Budgeting & Forecasting

Support in the preparation of plant budgets, forecasts, and financial planning. Track actual vs. budgeted costs and provide variance reports.

4. Profitability Analysis

Conduct product-wise, customer-wise, and process-wise profitability analysis. Support pricing decisions by providing cost and margin insights.

5. Process Improvement & Cost Optimization

Identify opportunities for cost reduction in materials, processes, and supply chain. Participate in value engineering and lean manufacturing initiatives.

6. Reporting & Documentation

Maintain accurate cost records and documentation for audits and management reporting. Prepare periodic cost reports, dashboards, and MIS as required.
Job Type: Permanent

Pay: ₹50,000.00 per month

Education:

Bachelor's (Preferred)
Experience:

Mechanical engineering: 3 years (Required)
Work Location: In person