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Cost Engineer

Location: Chennai, Tamil Nadu, India
Job ID: R0031894
Date Posted: Dec 3, 2023
Segment: Green Energy & Mobility
Business Unit: Hitachi Energy
Profession (Job Category): Engineering & Science
Job Type (Experience Level): Experienced
Job Schedule: Full time
Remote: No

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General Information:

Business Information:

The Hitachi Energy Indian Operations Center (INOPC) is a competence center with around 1500 skilled engineers who focus on tendering, engineering, planning, procurement, functional system testing, installation supervision and commissioning. However, over the last decade, it has evolved to become the largest engineering hub. The India Operations Centre is a key aspect of the Power Grids business Power Up transformation program. The Hitachi Energy Indian Operations Center team at Chennai supports Hitachi Energy’s units in more than 40 countries across a wide portfolio of all the four business units in Power Grid business. To date, the team has executed engineering and commissioning for projects in more than 80 countries.

Mission Statement:

Project Engineering focuses on designing, communicating, and implementing an operational plan for completing an engineering-based project including Preparing designs, project controls and specifications, schedules, cost estimates, production, transportation, installation, testing and/or commissioning of new infrastructure, facilities, equipment, etc. Monitoring progress and performance against the project plan; taking action to resolve operational problems and minimize delays. Identifying, developing, and gathering the resources necessary to complete the project. May include preparing engineering standards, designs, and work specifications; developing project schedules, budgets, and forecasts; and selecting materials, equipment, project staff, and external contractors A Senior Professional (P3) applies advanced knowledge of job area typically obtained through advanced education and work experience. Responsibilities may include Managing projects / processes, working independently with limited supervision. Coaching and reviewing the work of lower-level professionals. Problems faced are difficult and sometimes complex.

Your Responsibilities:

  • Lead all activities related to cost engineering within the assigned scope of work.

  • Utilize cost methodologies, tools and appropriate software models and provide expert knowledge in cost analysis, manufacturing processes, material/supplier comparison etc.

  • Work proactively towards cost target objectives and sourcing strategy in collaboration with Strategic Buyers, Category Managers, NPI Teams and R&D.

  • Investigate and identify cost reduction opportunities through cost analysis review for new as well as existing parts/products.

  • Maintain reliable and accurate data related to raw materials, processes, machines, labor rates etc. relevant to the scope of work.

  • Requires knowledge of at least one Cost estimation software’s such as “aPriori”, PCS/PCM-Team Center, DFMA and SEER Tool-Galorath”.

  • Analyze supplier manufacturing process, infrastructure and quotes and provide arguments with data to aid communication with suppliers and customers and achieve cost optimization.

  • Support supplier meetings and negotiations to challenge prices and aim for cost reductions to meet target costs.

  • Support and utilize experience to aid best practice in the supplier process in conjunction with buyers.

  • Take end to end responsibility for the full scope interacting with all internal and external stakeholders as require.

  • Safety and Integrity: Living Hitachi Energy’s core values of safety and integrity, which means taking responsibility for your own actions while caring for your colleagues and the business.

Your Background:

  • A bachelor’s degree in electrical & Electronics /Mechanical/Production/Material Sciences Engineering, master’s degree is a plus.

  • 7 to 10 years in similar industry or automobile or aerospace.

  • Deep understanding of various cost models viz. Should Costing, Directional Costing, Linear Performance Pricing, Price History, Benchmarking etc.

  • Knowledge and understanding of a variety of manufacturing processes and components and ability to evaluate and analyses associated costs.

  • Work exposure to different supply regions such as China, India, Europe, and US.

  • Good experience in Supplier assessments, workshop, and negotiations.

  • Exposure to Design for Manufacturing would be an advantage.

  • Ability to coordinate with cross functional and cross geographical teams, Flexibility to travel min 10%.

  • Excellent Analytical and communication skills

  • Proficiency in both spoken & written English language is required.

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