Cost Engineer

💰 ₹50,400 - ₹80,640 (Est.) 📍 Chennai

Job Description

Description

The opportunity:

Hitachi Energy is a world leader that is advancing a sustainable energy future for all. We are advancing the world’s energy system to be more sustainable, flexible, and secure, and we collaborate with customers and partners to enable a sustainable energy future – for today’s generations and those to come.

The Hitachi Energy Indian Operations Center (INOPC) is a competence center with around 3000+ skilled engineers who focus on tendering, engineering, planning, procurement, project Management, functional system testing, installation supervision, documentation and commissioning. However, over the last decade, it has evolved to become the largest Operations hub. The India Operations Centre team at Chennai, Bangalore and Gurugram supports Hitachi Energy’s units in more than 40 countries across a wide portfolio of all the four business units in Hitachi Energy to date, the team has executed engineering and commissioning for projects in more than 80 countries.

How you’ll make an impact
• Lead all activities related to cost engineering within the assigned scope of work.
• Utilize cost methodologies, tools and appropriate software models and provide expert knowledge in cost analysis, manufacturing processes, material/supplier comparison etc.
• Work proactively towards cost target objectives and sourcing strategy in collaboration with Strategic Buyers, Category Managers, NPI Teams and R&D.
• Investigate and identify cost reduction opportunities through cost analysis review for new as well as existing parts/products
• Maintain reliable and accurate data related to raw materials, processes, machines, labor rates etc. relevant to the scope of work
• Requires knowledge of at least one Cost estimation software’s such as “aPriori”, PCS/PCM-Team Center, DFMA and SEER Tool-Galorath”
• Analyze supplier manufacturing process, infrastructure and quotes and provide arguments with data to aid communication with suppliers and customers and achieve cost optimization.
• Support supplier meetings and negotiations to challenge prices and aim for cost reductions to meet target costs
• Support and utilize experience to aid best practice in the supplier process in conjunction with buyers
• Take end to end responsibility for the full scope interacting with all internal and external stakeholders as required.
• Living Hitachi Energy’s core values of safety and integrity, which means taking responsibility for your own actions while caring for your colleagues and the business.

​Your background
• A bachelor’s degree in mechanical/ electrical & Electronics / Production/Material Sciences Engineering, master’s degree is a plus.
• 7 to 10 years in similar industry or automobile or aero space
• Deep understanding of various cost models viz. Should Costing, Directional Costing, Linear Performance Pricing, Price History, Benchmarking etc.
• Knowledge and understanding of a variety of manufacturing processes and components and ability to evaluate and analyses associated costs.
• Work exposure to different supply regions such as China, India, Europe and US
• Good experience in Supplier assessments, workshops and negotiations
• Exposure to Design for Manufacturing would be an advantage
• Ability to coordinate with cross functional and cross geographical teams, Flexibility to travel min 10%.
• Excellent Analytical and communication skills
• Fluent in English, other languages are a plus.

Qualified individuals with a disability may request a reasonable accommodation if you are unable or limited in your ability to use or access the Hitachi Energy career site as a result of your disability. You may request reasonable accommodations by completing a general inquiry form on our website. Please include your contact information and specific details about your required accommodation to support you during the job application process.

This is solely for job seekers with disabilities requiring accessibility assistance or an accommodation in the job application process. Messages left for other purposes will not receive a response.

💡 Quick Summary

Seeking a career-building opportunity? The Cost Engineer position is now open for candidates interested in the IT Engineer & Developer Jobs sector. This role in Chennai offers a professional environment and growth potential.

Requirement Snapshot: Candidates should possess basic communication skills, a proactive attitude, and the ability to work in a team. Experience in IT Engineer & Developer Jobs is a plus.

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Job Details

Company Name: Hitachi Careers

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The expected salary for Cost Engineer in Chennai is ₹50,400 - ₹80,640 (Est.) per month. Actual compensation may vary based on experience and negotiation.
No, Cost Engineer is an on-site position based in Chennai. Candidates must be able to commute or relocate to this location.
Basic communication skills, a proactive attitude, and the ability to work in a team are required for Cost Engineer. Previous experience in IT Engineer & Developer Jobs is a plus. Freshers may also apply depending on the employer's requirements.
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