COSTING ENGINEER
Role Overview
The Costing Engineer at Larsen & Toubro will be responsible for end-to-end financial estimation of specialized tooling for electronic assembly lines, analyzing technical drawings, calculating manufacturing costs for custom parts, and budgeting for automation components. This mid-level role involves working closely with design, procurement, and finance teams to provide accurate should-cost models, ensuring high-quality assembly solutions are delivered within budget. The impact of this role is significant as it directly influences cost efficiency and project profitability.
Perks & Benefits
While the job posting does not specify remote work, the role is based in Coimbatore South and may require on-site presence. However, typical benefits for such engineering roles include opportunities for career growth within a large multinational, exposure to advanced manufacturing technologies, and collaboration with cross-functional teams. The company likely offers standard benefits such as health insurance, retirement plans, and paid time off. Given the emphasis on cost savings and value engineering, there may be performance-based incentives.
Full Job Description
Role SummaryThe Costing Engineer – Jigs & Fixtures is responsible for the end-to-end financial estimation of specialized tooling required for electronic assembly lines. This role involves analyzing technical drawings, calculating manufacturing costs for custom parts, and budgeting for complex automation components. The goal is to provide accurate "Should-Cost" models that ensure high-quality assembly solutions are delivered within budget.Core Responsibilities Component & Material Estimation Fabricated Parts: Calculate costs for metallic (Al, SS) and non-metallic (ESD plastics, Delrin) parts by evaluating material weight, machining cycles (CNC/VMC), and finishing processes. Bought-Out Items: Source and maintain price benchmarks for: Mechanical: Bearings, linear rails, and precision slide ways. Pneumatics: Cylinders, DCV valves, and manifold systems. Automation: PLCs, sensors (proximity/optical), magnets, and HMI units. Electrical: Push buttons, switches, wiring harnesses, and connectors. Assembly & Validation Costing Estimate man-hours for mechanical assembly, pneumatic plumbing, and electrical wiring. Factor in costs for fixture testing, calibration, and $Cpk/Ppk$ validation runs. Strategic Financial Analysis Conduct Make vs. Buy analyses for custom fixture components. Perform Value Engineering (VA/VE) to suggest lower-cost alternatives for non-critical parts without sacrificing precision or safety. Maintain a live database of vendor quotes and historical cost data. Technical Requirements Education: B.E./B.Tech in Mechanical, Mechatronics, or Production Engineering. Experience: 3–5 years in costing, specifically within high-precision tooling or electronics assembly. Software Proficiency: * Advanced MS Excel (Macro/Pivot tables) and ERP systems (SAP/Oracle). Ability to view and measure parts using CAD software (SolidWorks/AutoCAD). Process Knowledge: Deep understanding of milling, turning, grinding, and surface treatments. KEY PERFORMANCE INDICATORS (KPIs) Estimation Accuracy: Variance between estimated cost and actual procurement cost. Turnaround Time: Speed of providing quotes for new assembly line projects. Cost Savings: Success in identifying 5-10 %$ annual savings through Value Engineering. BEHAVIORAL COMPETENCIES High attention to detail (zero-error mindset). Strong negotiation skills for dealing with external vendors. Ability to collaborate effectively between Design, Procurement, and Finance teams.Please mention the word **ENERGIZE** and tag RMmEwMTo0Zjk6YzAxMzo3ZjU5Ojox when applying to show you read the job post completely (#RMmEwMTo0Zjk6YzAxMzo3ZjU5Ojox). This is a beta feature to avoid spam applicants. Companies can search these words to find applicants that read this and see they're human.