About Aptiv
Aptiv is a global technology company that develops safer, greener and more connected solutions, which enable the future of mobility. Headquartered in Dublin, Ireland, Aptiv has 160,000 employees and operates 14 technical centers, as well as manufacturing sites and customer support centers, in 44 countries. Visit aptiv.com
Today, our mission is to shape the world with more safer, greener and more connected solutions that's changing the world. We are dedicated to bring the next generation of autonomous vehicles, smart cities and connectivity to life.
Aptiv Connection Systems, Chennai Engineering Center in Chennai, India established in 2001 catering complete product development solutions right from concept design till validation testing to global OEMs. Located in Chennai city, the southern part of India which is known as automotive hub of India.
As the Costing Engineer you will provide cost estimates, analyze and compare costs for the goods that are provided by the supply chain.
Your Role
Collect and analyze data and information in order to estimate costs associated with manufacturing and/or buying a product.
Work proactively towards cost target objectives in collaboration with other stakeholders. Job holders in this role may take responsibility for a limited number of categories.
Your Background
Bachelors in engineering in Mechanical or Electrical
Previous Experience of 8+ Years with min 3 years as Costing Engineer ideally in automotive industry
Knowledge and understanding of a variety of manufacturing/automotive processes and components and ability to evaluate and analyze associated costs
Good knowledge on IT systems including advanced Excel skills, Ideally experienced in using spreadsheets, cost models and cost management tools
Fluent in English, with an international mind set.
Key Responsibilities
General and Task Management
Determine cost estimate targets during the design and development process, recommending cost effective solutions
Gather proposals, specifications and related documents and liaise with stakeholders in order to convert specifications to cost estimates for new and current products.
Utilize costing methodologies, tools, appropriate software models and packages to prepare and maintain reliable and accurate data.
Assess cost effectiveness of products and track actual costs relative to estimates and report status on a regular basis to ensure costs are in line with estimates / forecasts
Investigate and identify cost reduction opportunities through various cost analysis activities like Should Cost, LPP etc.
Support all activities in cost estimating and take a proactive approach towards improvements
Relationship Management
Liaise with stakeholders and support management decisions by providing appropriate cost information and data
Provide cost estimates during change process and advise on cost impact of changes.
Work with stakeholders to ensure estimates are accurate and to make appropriate adjustments and resolve issues
Analyze supplier quotes and provide information and data, which aids communications with suppliers and customers and achieves cost optimization.
Ensure supplier quotations meet ‘should cost’ estimates
Support supplier meetings and negotiations to challenge quotation prices and aim for cost optimization to meet target costs
Support and utilize experience to aid best practice in the supplier process in conjunction with members of the SCM team
Self-Management
Assertive, resilient and welcomes change
Engages interest and participation of others and has a collaborative approach to working with others
Proactively contributes to the team
Actively committed to teams development
Is self-aware and optimistic
Shows moral courage, openness and honesty in all dealings
Skills and Attributes
Good communication skills with the ability to form and maintain good relationships internally and externally
Good interpersonal, negotiation and influencing skills
Commercially and financially aware with strong attention to details and accuracy
Strong analytical skills, Highly numerate with the ability to research, assemble manage and manipulate numerical information
Technical mindset and able to read and interpret technical data and translate to others
Knowledge of cost estimating techniques & manufacturing processes
Results orientated and organized with the ability to deliver against deadlines
Aptiv Rewards & Advantages
Competitive compensation include : Bonus potential & Healthcare benefits.
Learning and professional growth and development environment.
Recognition for innovation and excellence.
Opportunities to collaborate with global talents.
Opportunities to give back to the community.
Meaningful work that makes a difference in the world.
Some see differences. We see perspectives that make us stronger.
Diversity and Inclusion are sources of innovation and creativity, both of which are essential to Aptiv’s success. Everyday our diverse team comes together, drives innovation, pursues solutions, and meets challenges using their unique abilities, perspectives and talents, changing what tomorrow brings. When you join our team, you’ll get encouraged to think boldly, express your viewpoint and innovate as a matter of habit.
Some see technology. We see a way to make connections.
At Aptiv, we don’t just see the world differently; we work to change reality. That means developing technology that rewrites the rules of what’s possible in the pursuit of making transportation safer, greener and more connected. Today there are more than 160,000 of us globally, located in 44 countries, and united by one mission. Join the movement and together, let’s change tomorrow.
Traits we seek
A good communicator, open for challenges, explores full potential to achieve goals.
Team player who actively collaborate and contribute to achieve the team goals. Highly motivated and help the team to achieve the goals together
Self-driven and strong passion in achieving results. Highly accountable for the actions and act as owner.
Problem solving and analytical thinking, curious to learn continuously and believes in self-development.
Go getter and passionate to travels extra mile to bring as part of continuous improvement.
Creative in thinking, innovative mindset and does not settle for less.
What we offer
Competitive compensation with bonus opportunities
Competitive health benefits
Learning and development environment
Innovation opportunities and recognitions
Opportunities to collaborate with global talents
Privacy Notice - Active Candidates: https://www.aptiv.com/privacy-notice-active-candidates
Aptiv is an equal employment opportunity employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, national origin, sex, gender identity, sexual orientation, disability status, protected veteran status or any other characteristic protected by law.
Privacy Notice - Active Candidates: https://www.aptiv.com/privacy-notice-active-candidates
Aptiv is an equal employment opportunity employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, national origin, sex, gender identity, sexual orientation, disability status, protected veteran status or any other characteristic protected by law.