Cost Engineer

Job Description

Main Purpose

Support the Senior Cost Analyst in developing product price lists, preparing costing for customized units, and assisting Sales with all pricing-related requirements. Coordinate with Engineering, R&D, Production, and Procurement on cost‑reduction and value‑engineering initiatives.

Qualifications

Education:

Bachelor's degree in Mechanical, Electrical, or Industrial Engineering.

Experience:

Minimum 1 year in a similar role within a manufacturing environment.

Knowledge & Skills:

• Strong ERP system knowledge
• Proficient in data analysis, forecasting tools, and MS Excel
• Effective communication and teamwork skills
• Attention to detail, self‑motivated, and task‑oriented
• High computer literacy

Behaviours:

Customer‑focused, results‑oriented, team player, strong time management, effective communicator.

• Assist in developing and auditing product price lists to ensure alignment with catalogues.
• Prepare costing and pricing for customized equipment and special options.
• Support value engineering and value analysis initiatives.
• Review and update price lists based on design, material, and operational cost changes.
• Analyse raw material and component price fluctuations.
• Verify and approve Sales orders in the ERP system.
• Monitor Sales quotations and report pricing discrepancies.
• Audit BOMs and routing data to ensure complete and accurate pricing information.
• Coordinate with Procurement to update component price books.
• Ensure accurate standard costs for all items in ERP LN.
• Maintain documentation and weekly data backups.
• Perform Cost Planner duties when required.
• Execute any additional tasks assigned by management.
• QHSE & Excellence
• Comply with all Quality, Health, Safety, and Environmental policies and standards.
• Deliver effective and professional service to all stakeholders.
• Support achievement of departmental objectives and KPIs.