Cost Engineer

YOUR WORK ENVIRONMENT

At MAN India, we offer a state-of-the-art and modern work space. Our engineers work on the latest and advanced technologies in the automotive world with the latest hardware and software. We offer a conducive ecosystem for our engineers to learn and perform. Furthermore, the office space includes a spacious cafeteria, breakout areas, recreational facilities as well as space for conferences and meetings.

JOB PURPOSE/ROLE

Serve as a Cost Engineer responsible for developing clean-sheet ("should-cost") models for automotive components and tooling. Create fact-based cost estimates from first principles using zero-based costing methodology to drive cost transparency, support competitive sourcing decisions, and enable value-driven negotiations with suppliers. This role collaborates closely with Purchasing, Engineering, and Finance teams to achieve cost targets and deliver measurable cost savings across the organization.

• Should-Cost Estimation: Independently develop detailed bottom-up cost models for components, assemblies, and tooling using first-principles methodologies including material costs, labor rates, process cycle times, overhead allocation, and profit margins.
• Manufacturing Process Analysis: Evaluate component designs to identify required manufacturing processes such as casting, machining, stamping, and injection molding, then analyze associated cost drivers for each process.
• Tooling & CapEx Costing: Analyze and estimate costs of supplier tooling proposals and capital investment requirements to validate supplier submissions.
• Supplier Quote Validation: Compare supplier cost breakdowns against internal should-cost models to identify and quantify cost gaps and opportunities.
• Negotiation Support & Cost Reduction: Partner with Procurement teams to support supplier negotiations with robust, fact-based cost data and identify cost reduction opportunities.
• Cross-Functional Collaboration: Work closely with Engineering, Manufacturing, and Finance teams to validate cost assumptions, refine models, and drive cost reduction initiatives.
• Reporting & Continuous Improvement: Track and report cost estimate outcomes versus actual costs, maintain comprehensive cost databases, and continuously improve cost modeling methodologies.

YOUR QUALIFICATIONS

Must Have

• Experience: 8-12  Years
• Qualification: B.E/ B.Tech 
• In-depth knowledge of manufacturing processes including casting, machining, stamping, injection molding, and assembly operations.
• Proficiency in interpreting technical drawings, 3D CAD models, and understanding Geometric Dimensioning and Tolerancing (GD&T).
• Strong ability to calculate costs for raw materials, direct labor, machine cycle times, overhead rates, and tooling amortization.
• Experience with Siemens TcPCM cost modeling software is highly desirable.
• Analytical & Financial Skills
• Excellent analytical skills with a first-principles mindset to systematically break down complex cost structures into fundamental elements.
• Strong financial acumen to understand cost-to-serve models and supplier pricing strategies.

Soft Skills

• Strong written and verbal communication abilities to present cost findings to stakeholders.
• Collaboration and influence skills to work effectively across Purchasing, Engineering, and Finance functions.
• Detail orientation with ability to manage multiple cost modeling projects simultaneously.
• Self-driven work ethic with ability to work independently and meet deadlines.