Cost engineer
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Monthly Salary:
Posted on:
2 hours ago
Vacancies:
1 Vacancy
Job Summary
Essential Job Functions & Minimum Requirements
Role Overview
The Cost Engineer is responsible for managing and optimising product and project costs across the manufacturing lifecycle within the automotive product line. This role combines cost estimation variance analysis supplier cost management and cross-functional collaboration to ensure accurate costing support pricing decisions and drive cost-reduction initiatives from concept through production and post-launch support.
Key Responsibilities
Analyze and monitor manufacturing costs including raw materials labor overhead and waste.
Develop and maintain standard costing systems and cost models for all production processes.
Prepare detailed cost estimates for new and existing products and projects.
Evaluate and improve cost structures and suggest cost-saving opportunities.
Monitor actual vs. standard costs analyze variances and report root causes.
Work closely with production procurement and planning teams to understand the full production cycle and align cost controls.
Conduct periodic inventory valuations and participate in stock audits.
Assist in the budgeting and forecasting process for factory operations.
Generate reports on product profitability break-even analysis and production efficiency.
Ensure compliance with internal controls and company financial policies.
Qualifications & Experience
Degree or HNC/HND in Engineering Manufacturing Finance Economics or a related discipline or equivalent practical experience.
Experience with cost modelling activity-based costing and familiarity with ERP systems and financial reporting processes.
Understanding of manufacturing processes supplier sourcing and total cost of ownership methodologies; exposure to value engineering and Lean is advantageous.
Proven experience using Excel for advanced analysis; competency with costing or BI tools is desirable.
Key Skills
- Abinitio
- Heavy Machinery
- Airport Security
- Contract Attorney
- Environmental Science
- Heavy Equipment
About Company
1000 employees
Headquartered in Dubai, NAFFCO FZCO is among the world’s leading producers and suppliers of top-tier firefighting equipment, fire protection systems, fire alarms, security and safety engineering systems. Aligned with our vision to become world’s no.1 provider of innovative ... View more
