Costing Engineer

Benefits

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About Aptiv Aptiv is a global technology company that develops safer, greener and more connected solutions, which enable the future of mobility. Headquartered in Dublin, Ireland, Aptiv has 160,000 employees and operates 14 technical centers, as well as manufacturing sites and customer support centers, in 44 countries. Visit aptiv.com Today, our mission is to shape the world with more safer, greener and more connected solutions that's changing the world. We are dedicated to bringing the next generation of autonomous vehicles, smart cities and connectivity to life. Aptiv Connection Systems, Chennai Engineering Center in Chennai, India established in 2001 catering complete product development solutions right from concept design till validation testing to global OEMs. Located in Chennai city, the southern part of India which is known as an automotive hub of India. Your Role Collect and analyze data and information in order to estimate costs associated with manufacturing and/or buying a product. Work proactively towards cost target objectives in collaboration with other stakeholders. Job holders in this role may take responsibility for a limited number of categories. Your Background Bachelors in engineering in Mechanical or Production/Manufacturing. Previous Experience of 5+ Years with min 2 years as Costing Engineer ideally in automotive industry Knowledge and understanding of a variety of manufacturing/automotive processes and components and ability to evaluate and analyze associated costs. Demonstrated experience and technical knowledge of metal manufacturing processes (preferred) Working knowledge of sourcing and procurement (preferred) Good knowledge on IT systems including advanced Excel skills, Ideally experienced in using spreadsheets, cost models and cost management tools Fluent in English, with an international mind set. Key Responsibilities General and Task Management Determine cost estimate targets during the design and development process, recommending cost effective solutions Gather proposals, specifications and related documents and liaise with stakeholders in order to convert specifications to cost estimates for new and current products. Utilize costing methodologies, tools, appropriate software models and packages to prepare and maintain reliable and accurate data. Assess cost effectiveness of products and track actual costs relative to estimates and report status on a regular basis to ensure costs are in line with estimates / forecasts Investigate and identify cost reduction opportunities through various cost analysis activities like Should Cost, LPP etc. Support all activities in cost estimating and take a proactive approach towards improvements Relationship Management Liaise with stakeholders and support management decisions by providing appropriate cost information and data Provide cost estimates during change process and advise on cost impact of changes. Work with stakeholders to ensure estimates are accurate and to make appropriate adjustments and resolve issues Analyze supplier quotes and provide information and data, which aids communications with suppliers and customers and achieves cost optimization. Ensure supplier quotations meet 'should cost' estimates Support supplier meetings and negotiations to challenge quotation prices and aim for cost optimization to meet target costs Support and utilize experience to aid best practice in the supplier process in conjunction with members of the SCM team Self-Management Assertive, resilient and welcomes change Engages interest and participation of others and has a collaborative approach to working with others Proactively contributes to the team Actively committed to teams development Is self-aware and optimistic Shows moral courage, openness and honesty in all dealings Skills And Attributes Good communication skills with the ability to form and maintain good relationships internally and externally Good interpersonal, negotiation and influencing skills Commercially and financially aware with strong attention to details and accuracy Strong analytical skills, Highly numerate with the ability to research, assemble manage and manipulate numerical information Technical mindset and able to read and interpret technical data and translate to others Knowledge of cost estimating techniques & manufacturing processes Results orientated and organized with the ability to deliver against deadlines Aptiv Rewards & Advantages Competitive compensation include : Bonus potential & Healthcare benefits. Learning and professional growth and development environment. Recognition for innovation and excellence. Opportunities to collaborate with global talents. Opportunities to give back to the community. Meaningful work that makes a difference in the world. Some see differences. We see perspectives that make us stronger. Diversity and Inclusion are sources of innovation and creativity, both of which are essential to Aptiv's succe