Senior Should Costing Engineer
Senior Should Costing Engineer
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Job Description
Responsibilities / Tasks
The Should Costing Specialist is responsible for developing detailed cost models for components assemblies and systems providing fact-based cost transparency to support supplier negotiations and driving cost optimization across the organization. The role works cross-functionally with Procurement Engineering Production and Finance teams to enable informed decision-making and promote cost awareness.
1. Should Cost Analysis
Develop and maintain should-cost models for components assemblies and systems.
Analyze material costs manufacturing processes labor tooling logistics and overheads.
Use industry benchmarks market analysis and cost databases to derive accurate cost estimates.
2. Support for Supplier Negotiations
Identify cost drivers and cost-saving opportunities in supplier quotations.
Provide detailed cost breakdowns to support procurement in negotiation strategies.
Participate as a technical cost expert in supplier discussions when required.
3. Cost Transparency & Reporting
Compare supplier prices and actual costs with internal target costs.
Highlight deviations and conduct root cause analysis for cost variances.
Prepare clear reports cost comparison charts and presentations for management and internal stakeholders.
4. Cross-Functional Collaboration
Collaborate closely with Procurement Engineering Production and Controlling teams.
Support decisions related to supplier selection make-or-buy analysis and technology choices.
Act as an internal consultant on cost-related topics.
5. Data Management
Develop and maintain a centralized cost database for reference and future use.
Ensure consistent documentation of calculation methods assumptions and results.
Provide regular cost reporting and KPIs to management and stakeholders.
6. Continuous Improvement
Identify and implement best practices in should costing and cost transparency.
Drive cost optimization initiatives and promote cost awareness across departments.
Conduct internal training sessions on cost calculation and cost-saving methodologies.
Your Profile / Qualifications
Bachelors or Masters Degree in Mechanical Engineering Industrial Engineering or equivalent.
8 - 10 years of experience in cost engineering should costing value analysis or manufacturing engineering.
Mandatory software knowledge: TCPCM (Teamcenter Product Cost Management) hands-on experience in building cost models using TCPCM is required.
Strong understanding of manufacturing processes (machining fabrication casting sheet metal etc.).
Solid knowledge of cost elements in materials process times logistics tooling and overheads.
Proficiency in MS Excel and ERP systems (e.g. SAP).
Strong analytical skills with ability to interpret cost data and present findings.
Effective interpersonal and communication skills with the ability to work cross-functionally.
Experience supporting supplier negotiations or procurement is an added advantage.
Did we spark your interest
Then please click apply above to access our guided application process.
Required Experience:
Senior IC
Employment Type
Full-Time
