Costing Engineer

3 days ago


Shah Alam, Selangor, Malaysia EP Manufacturing Bhd Full time

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Professional Technologist | Driving Growth & Operational Excellence

A Costing Engineer is responsible for analyzing, estimating, and managing the costs of a project, product, or service to ensure profitability and cost efficiency. They work across industries such as manufacturing, construction, automotive, and engineering.

Key Responsibilities of a Costing Engineer

  1. Develop accurate cost estimates for products, projects, or services.
  2. Analyze material, labor, and overhead costs to determine total cost structure.
  3. Conduct cost-benefit analysis to optimize pricing and profitability.
  4. Prepare costing sheets and pricing structures for tenders, proposals, and quotations.
  5. Work closely with sales and procurement teams to determine competitive pricing.
  6. Ensure compliance with customer and industry pricing requirements.

Product Cost Breakdown & Budgeting

  1. Provide a detailed breakdown of costs, including raw materials, labor, tooling, logistics, and overhead.
  2. Assist in budgeting and financial planning for new projects and cost reduction initiatives.
  3. Identify cost-saving opportunities without compromising quality or performance.
  4. Work with procurement and supply chain teams to analyze supplier pricing.
  5. Negotiate better cost structures with vendors and contractors.
  6. Evaluate and compare quotations to ensure cost competitiveness.

Manufacturing & Process Cost Optimization

  1. Collaborate with engineering, production, and development teams to optimize production costs.
  2. Analyze and suggest improvements to manufacturing processes to enhance cost efficiency.
  3. Monitor variances between estimated and actual costs to improve future cost forecasting.

Reporting & Documentation

  1. Prepare cost reports, financial models, and presentations for management review.
  2. Maintain accurate cost records and update databases with the latest cost structures.
  3. Ensure compliance with company policies, industry regulations, and financial guidelines.
Seniority level

Entry level

Employment type

Full-time

Job function

Engineering and Information Technology

Industries

Manufacturing

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