30 Cost Engineering Jobs - Page 2

Lead all activities related to cost engineering within the assigned scope of work. Utilize cost methodologies, tools & appropriate software models & provide expert knowledge in cost analysis, manufacturing processes, material/supplier comparison. Required Candidate profile 3+ years of experience for Cost Engineer should have completed studies in Diploma or B.E. in Mechanical or Electrical Must have knowledge on automobile & auto-parts. Immediate joiners preferred Perks and benefits YEARLY BONUS, PF, DUTY HOURS FOOD

Strong experience in Electrical & Switchgear manufacturing industry He must have hands-on knowledge of cost estimation & familiar with costing software Prior experience in a factory setup is mandatory Prepare accurate cost estimates for control panel Required Candidate profile Should work closely with design & purchase team for cost optimization Maintain & update costing sheets in ERP/Costing software Generate costing report & support management in pricing decisions Perks and benefits PF, ESI, Bonus, Appreciation, Good Team work

As a Cost Engineer, you will drive diverse projects and initiatives. The major objective of Cost and Value Engineering is the generation of high customer value at competitive target costs in product, project and solution business. Generating transparency in the respective cost and value drivers along the entire value chain by applying state of the art Cost and Value Engineering (CVE) methodology. oriented: Drive the integration of state-of-the art Cost and Value Engineering in the business processes Fosters cross-functional mindset change towards cost and value awareness Establish transparency in cost and value of products, systems and solutions and contribute improvement proposals to support PLM in Target Costing, R&D/Engineering in Design to Value, SCM in Supply Chain Productivity Improvement, Procurement in negotiations along the PLM / PM process Contribute to the competitiveness and profitability of products and solutions through the application of Cost and Value Engineering levers and methods Support the setting of competitive and at the same time achievable targets based on the assessment of customer requirements, competitors products, and solutions and on a clear judgment on our own and our suppliers capabilities Support definition and optimization of product architecture and component specifications to ensure an adequate product and solution design Support building the appropriate supply chain by making the right supplier selections, offshoring or onshoring decisions, respectively, and applying make or buy appropriately Support achieving optimal commercial conditions by feeding our negotiations with precise information on our suppliers actual and expected costs Foster a CVE network and company-wide knowledge exchange and contribute expertise to the network. We dont need superheroes, just super minds: Excellent communication and social skills to collaborate effectively with internal customers and suppliers Strong analytical skills to identify key cost drivers. Significant experience in should costing tools and methods Experience in optimization of cost and value improvement opportunities Experience in heavy industrial manufacturing processes.Strong preference for experience in modeling and analyzing costs of machined parts, large steel fabrications and acoustics. Strong in Microsoft Excel and proficiency in Microsoft Office software Flexibility to travel to external suppliers and factory locations Working experience with multi-cultural professionals and teams 8+ years of relevant professional experience within a global company, including 5+ years in Engineering Proficient command of English language in writing and speaking Bachelors or Masters degree in Engineering

A Snapshot of Your Day Each day, youll dive into should cost analysis, collaborate with multi-functional teams, and deliver full supplier transparency to ensure we secure the best value for our customers. You’ll play a pivotal role in enhancing profitability and competitiveness, supporting design-to-cost initiatives, and ensuring new products are developed at optimal cost without compromising quality. Your expertise will directly impact our ability to win bids and deliver innovative, cost-effective solutions. If you’re ready to lead, innovate, and make a measurable difference, this is your opportunity to shine. How You’ll Make an Impact Deliver should cost analysis and ensure full transparency of supplier offers to identify the most competitive options. Create and gather new cost-out ideas for the Siemens Energy portfolio, participating in multi-functional workshops. Track and manage product CVE initiatives in cost tracking software (PRIOneer) to ensure accurate reporting. Support proposal teams by ensuring all relevant cost measures are considered for the most cost-effective solutions. Facilitate and participate in meetings at all levels, including executive leadership, to drive cost and value engineering initiatives. Apply powerful methods such as TcPCM, aPriori Should Costing, MLPP, and CBD to achieve cost transparency for third-party scopes. Lead innovation teams and champion design for manufacturing methodologies to support product development at optimal cost. What You Bring You hold a BS in Mechanical, Electrical, Electronics, Chemical, or Petroleum Engineering. You have at least 5 years of proven experience in roles such as Application Engineer, Maintenance Engineer, Process Engineer, Design Engineer, or Product Engineer. You are determined, proactive, and willing to really commit to achieve results. You bring extensive knowledge of how design, technical, automation, sourcing, and logistics decisions impact cost and schedule. You are proficient in MS Office Suite and have solid expertise in Design-to-Value, Design-to-Cost, customer value, and cost analysis. Experience with turbomachinery or rotating equipment and associated auxiliary systems is a plus. About the Team You’ll join a collaborative, forward-thinking team dedicated to enhancing the competitiveness and profitability of Siemens Energy’s Industrial Application business. The team works closely with sales, proposal, and R&D teams to drive cost-out projects from idea creation to full implementation. We value open communication, innovation, and a shared commitment to delivering high-quality, cost-effective solutions for our customers. Who is Siemens Energy? At Siemens Energy, we are more than just an energy technology company. With ~100,000 dedicated employees in more than 90 countries, we develop the energy systems of the future, ensuring that the growing energy demand of the global community is met reliably and sustainably. The technologies created in our research departments and factories drive the energy transition and provide the base for one sixth of the world's electricity generation. Our distributed team is committed to making sustainable, reliable, and affordable energy a reality by pushing the boundaries of what is possible. We uphold a 150-year legacy of innovation that encourages our search for people who will support our focus on decarbonization, new technologies, and energy transformation. Find out how you can make a difference at Siemens Energy: https://www.siemens-energy.com/employeevideo Our Commitment to Diversity Lucky for us, we are not all the same. Through diversity, we generate power. We run on inclusion and our combined creative energy is fueled by over 130 nationalities. Siemens Energy celebrates character – no matter what ethnic background, gender, age, religion, identity, or disability. We energize society, all of society, and we do not discriminate based on our differences. Rewards/Benefits Employees are eligible for Remote Working arrangements up to 2 days per week. All employees are automatically covered under the Medical Insurance. Company paid considerable Family floater cover covering employee, spouse and 2 dependent children up to 25 years of age. Siemens Energy provides an option to opt for Meal Card to all its employees which will be as per the terms and conditions prescribed in the company policy as a part of CTC, tax saving measure Flexi Pay empowers employees with the choice to customize the amount in some of the salary components within a defined range thereby optimizing the tax benefits. Accordingly, each employee is empowered to decide on the best Possible net income out of the same fixed individual base pay on a monthly basis. https://jobs.siemens-energy.com/jobs

Generation of quote based on customer input and forwarding same to team leader Updating of tracker sheet and status update on customer feedback on quoted RFQ’s Co-coordinating with Material, Design & Development team Estimating Material cost of Motor Required Candidate profile • Product Cost Estimation and costing of Machining, Electrical and sheet metal parts enclosure. NPD activity, Should Costing , Engineering BOM Creation