Product Cost Engineer
GKN Aerospace
full-time
Posted on:
Location Type: Office
Location: Bangalore • 🇮🇳 India
Visit company websiteJob Level
SeniorLead
About the role
- Act as project leader for product cost management.
- Support with product cost calculations and analyses.
- Responsible for controlling project product costs.
- Collaborate with the product development team throughout project phases.
- Collect data from various internal functions and, when necessary, create your own estimates with input from production, design, procurement, and material specialists.
- Compare options, evaluate alternatives, draw conclusions, and communicate clearly.
- Compare estimates and actual outcomes against targets.
- Compile, analyse, identify cost drivers, risks, and opportunities, and drive improvements.
- Develop working methods, create and update cost calculation models and templates together with the Product Cost Team.
- Participate in early design discussions to ensure cost considerations are integrated from the outset.
- Develop and implement effective cost-out measures in close alignment with cross-functional teams (e.g., R&T, Engineering, Procurement, Manufacturing).
- Work across product lines to leverage overlaps and share learnings, enhancing overall team performance.
- Collaborate with supply chain functions and global teams for horizontal deployment of solutions.
Requirements
- Holds Bachelors / Masters in Mechanical Engineering / Aerospace Engineering.
- 10+ years of relevant experience gained within an engineering discipline, ideally within an aerospace environment and in multi-disciplinary engineering project teams (Design, MRO, Manufacturing/ Industrialization).
- Knowledge/experience in manufacturing processes and design work.
- Interest and understanding of what drives product cost.
- Proactive, collaborative, and experienced in project management.
- Strong skills in Microsoft Office and Excel.
- Experience in gas/ steam turbine and/ or generator Core commodities is preferred.
- VA/VE experience in different industries is a plus.
- Experience in technical and cost optimization for new developments is a plus.
- Relevant technical product knowledge in Core Commodities is required.
Benefits
- Fantastic challenges.
- Amazing opportunities.
- Great training on offer.
Applicant Tracking System Keywords
Tip: use these terms in your resume and cover letter to boost ATS matches.
Hard skills
product cost managementcost calculationscost analysiscost driverscost optimizationcost calculation modelsmanufacturing processesdesign worktechnical product knowledgeVA/VE experience
Soft skills
project leadershipcollaborationcommunicationproactiveanalytical thinkingproblem-solvingcross-functional teamworkdata collectionevaluation of alternativesdriving improvements
Certifications
Bachelors in Mechanical EngineeringMasters in Mechanical EngineeringBachelors in Aerospace EngineeringMasters in Aerospace Engineering