COSTING ENGINEER

Job Summary:

The Costing Engineer is responsible for managing the Total Cost of Ownership (TCO) for

various product models, overseeing customer LOA pricing, and tracking Purchase Price

Variance (PPV). The role also involves managing cost down/up activities to support pricing

strategies. This position works closely with engineering, procurement, and finance teams to

provide accurate cost estimates and drive cost optimization. Excellent Excel skills and

strong analytical abilities are essential for success in this role.

• Key Responsibilities:
•  Manage the Total Cost of Ownership (TCO) for various product models.
•  Oversee and update customer LOA pricing to ensure it aligns with contractual terms.
•  Track and monitor Purchase Price Variance (PPV), working with procurement to
• minimize discrepancies.
•  Manage cost down/up activities to support product cost optimization and pricing
• strategies.
•  Prepare and review detailed cost estimates for products and projects.
•  Analyze actual costs versus estimates, providing recommendations for cost control
• and improvement.
•  Collaborate with engineering, finance, and procurement teams to ensure effective cost
• management across product models.
•  Identify and implement cost-saving opportunities throughout the production process.
•  Support project/program teams by managing analytical worksheets related to buffer
• stock, safety stock, risk buys, costing, etc.
• Qualifications:
•  Bachelor’s Degree in Engineering, Finance, or a related field.
•  1-2 years of experience in costing or pricing in a manufacturing environment.
•  Advanced Excel skills for data analysis and financial modeling.
•  Experience with ERP systems (e.g., SAP, Syspro).
• Key Skills:
•  Excellent Excel skills with strong proficiency in managing and analyzing data.
•  Strong analytical abilities and attention to detail.
•  Ability to manage cost down/up activities effectively.
•  Good communication skills to collaborate with cross-functional teams.
•  Strong negotiation skills for dealing with both external and internal stakeholders to
• maximize company benefit.
•  Ability to work independently and as part of a team.

Job Type: Full-time

Pay: From RM2,500.00 per month

Schedule:

• Day shift
• Evening shift
• Monday to Friday