Costing Engineer

Job Title: Costing Engineer

Key Responsibilities

• Prepare cost estimates and budgets based on product specifications, labor, materials, and other relevant factors.
  

• Analyze manufacturing processes and identify cost-saving opportunities.
  

• Track and review actual costs against estimates and report variances.
  

• Collaborate with engineering, procurement, production, and finance departments to collect and analyze data.
  

• Prepare detailed costing reports for internal use and client presentations.
  

• Assist in setting standard costs for products and update them as necessary.
  

• Conduct profitability analysis for different product lines and suggest pricing strategies.
  

• Support the finance department in audits, compliance, and reporting.
  

• Maintain documentation of costing records and ensure accuracy and traceability.
  

Essential Qualifications

• Bachelor’s Degree in Engineering (Mechanical, Industrial, Production, or related field) or Cost Accounting.
  

• Postgraduate qualifications in Costing or Financial Management (preferred but not mandatory).
  

Skills Required

• Strong analytical and mathematical skills.
  

• Proficiency in costing software (such as SAP, Oracle, or other ERP systems).
  

• Good understanding of manufacturing processes and cost components.
  

• Advanced skills in MS Excel (pivot tables, VLOOKUP, etc.).
  

• Strong communication and presentation skills.
  

• Attention to detail and organizational ability.
  

• Ability to work under tight deadlines and multitask.