Senior Cost Engineer

Job Title: Cost Estimation & Project Management

Location: Malad West, Mumbai

Company Overview: Jyoti World Private Limited is a well-established company with over 60 years in the plastics manufacturing industry. We are based in Mumbai with large production facilities near Vapi, Gujarat. Our company makes a wide range of plastic products and provides services from creating simple plastic items to complex parts for different industries like telecommunications, industrial products, and energy solutions. We are known for our high-quality products and commitment to our clients around the world.

For further details visit our website www.jyotiworld.com

Role Overview

We are seeking a detail-oriented and technically strong professional to manage RFQ evaluation, cost estimation, and end-to-end project execution for new product development (NPD). The role requires close coordination with internal teams, customers, and vendors to ensure accurate costing, timely RFQ submissions, and on-time project delivery.

Key Skills & Competencies:

Technical Skills (Must Have)

• Strong knowledge of product costing & mould/tool costing
• Understanding of plastic processing, raw materials, and mould construction
• Experience in RFQ analysis and cost optimization

Functional Skills

• Project management & planning (Gantt charts, timelines)
• Vendor management & negotiation
• MIS reporting and data tracking

Behavioral Skills

• Strong communication & stakeholder management
• Problem-solving & analytical thinking
• Ability to work under tight deadlines

Key Responsibilities

1. Cost Estimation & RFQ Management

• Perform technical evaluation of RFQs and prepare accurate cost estimates (product + mould/tooling)
• Act as single point of contact (SPOC) between Marketing and D&D teams for RFQ activities.
• Ensure timely RFQ submission with high accuracy and completeness.
• Coordinate with suppliers/toolmakers for inputs required in costing.

2. Project Management (NPD)

• Plan and execute projects using Gantt charts / project timelines.
• Monitor project progress to ensure on-time delivery as per customer timelines.
• Conduct regular cross-functional reviews and escalate risks proactively.
• Maintain project MIS, status reports, and documentation.

3. Cross-functional Coordination

• Work closely with Design & Development, Production, Quality, Purchase, and Marketing teams.
• Handle technical discussions with customers to understand requirements and resolve queries.
• Ensure smooth communication between all stakeholders.

4. Vendor Development & Management

• Identify and develop vendors for tooling, jigs, fixtures, and bought-out components.
• Evaluate vendors based on QCDS (Quality, Cost, Delivery, Service).
• Track vendor progress and ensure adherence to timelines and quality standards.