Costing Specialist📣 Job Ad

About the Role

ManpowerGroup Middle East is seeking a Costing Specialist with a focus on Valves for a prominent Oil & Gas company. This full-time position is based at their manufacturing facility in Al Khobar, Eastern Province, Saudi Arabia. The successful candidate will be responsible for costing and pricing strategies for valve products, ensuring accuracy and competitiveness in quotations and bids.

This role requires close collaboration with various internal departments, including Sales, Tendering, Purchasing, Engineering, Production, and Project Management. The Costing Specialist will develop and maintain cost models, analyze cost components, and provide data to support commercial and strategic decisions.

Key Responsibilities

• Provide accurate costing during the quotation phase to meet customer-defined expiry dates.
• Conduct thorough costing reviews in response to customer changes or modifications.
• Update and implement valve cost and price lists utilized by the Sales Department and Tendering Team.
• Prepare estimates for budgetary and firm costs, performing detailed analysis.
• Interface with the Purchasing Department to evaluate material prices and external machining trends.
• Maintain communication and collaboration with Application Engineers, Designers, Production, Procurement, Project Management, and Tendering Teams.
• Prepare the valve cost baseline upon order receipt.
• Analyze all cost components for valves, encompassing raw materials, labor, overheads, and indirect costs.
• Develop and maintain accurate cost models and calculations for both new and existing valve products.
• Work closely with Finance, Supply Chain, Engineering, PMO, and Production teams to gather relevant cost data.
• Prepare detailed costing sheets and price breakdowns to support commercial bids and quotations submitted by the Tendering Team.
• Ensure all cost estimates adhere to company policies, customer requirements, and relevant accounting standards.
• Review and optimize costing methodologies to identify potential cost savings and efficiency improvements.
• Provide cost recommendations and advice to management for pricing strategy development and profitability analysis.
• Participate in bid review meetings, defend costing assumptions, and respond to customer inquiries regarding cost structures.
• Maintain up-to-date costing records and document all significant assumptions or changes made during the costing process.

Qualifications and Requirements

• 3-5 years of experience specifically in Valves costing within the Oil & Gas industry.
• Bachelor's Degree.
• Base knowledge of CAD / Inventor software.

Required Skills

• Proficiency in Costing and Cost Analysis.
• Experience in developing and utilizing Cost Models.
• Familiarity with CAD/Inventor software.
• Ability to conduct Profitability Analysis.
• Understanding of Pricing Strategy.
• Strong Communication skills.

Work Environment

This is a full-time position located at a manufacturing facility in Al Khobar, Eastern Province, Saudi Arabia.