Product cost Analyst

Job description

**Location:** Hyderabad, IN **Company:** Alstom Could you be the full-time Product Cost Analyst in Hyderabad were looking for **Your future role** Take on a new challenge and apply your expertise in cost analysis and engineering in a cutting-edge field. Youll work alongside a collaborative and innovative team of professionals. Youll play a key role in estimating and optimising the technical cost of parts and assemblies for our rolling stock and mobility solutions. Day-to-day, youll work closely with teams across the business, including engineering, sourcing, and procurement, to promote a cost-conscious culture, support design-to-cost initiatives, and much more. Youll specifically take care of developing and refining costing tools and methodologies, but also contribute to setting new standards for cost efficiency and competitiveness. **Well look to you for:** - Using advanced cost models to calculate and optimise the technical cost of products and assemblies. - Identifying and analysing key cost drivers, proposing design and process improvements to reduce costs. - Supporting the engineering team in adopting a design-to-cost mindset throughout the product lifecycle. - Collaborating with sourcing and procurement teams, providing negotiation support with robust cost breakdowns and should cost analyses. - Leading or contributing to technical and economic business cases, benchmarks, and target cost setting for tenders and projects. - Promoting cost culture and sharing best practices across engineering, industrial, and sourcing teams. **All about you** We value passion and attitude over experience. Thats why we dont expect you to have every single skill. Instead, weve listed some that we think will help you succeed and grow in this role: - Bachelors degree in Engineering (Mechanical, Industrial, or a related field). - Minimum 8 years experience in industry or product development roles (experience in the railway, automotive, or aerospace industries is a plus). - Strong knowledge of industrial processes, costing methodologies (should cost/could cost), and value engineering. - Experience with costing tools and engineering software (e.g., APriori, DMA, CATIA). - Knowledge of sheet metal materials, grades, and manufacturing and assembly processes. - Understanding of quality gates (V-Cycle) and functional analysis. - Excellent analytical, critical thinking, and communication skills. - A proactive, entrepreneurial, and collaborative mindset. - Fluency in English. **Things youll enjoy** Join us on a life-long transformative journey the rail industry is here to stay, so you can grow and develop new skills and experiences throughout your career. Youll also: - Enjoy stability, challenges, and a long-term career free from boring daily routines. - Work with new security standards for rail signalling. - Collaborate with cross-functional teams and supportive colleagues. - Contribute to innovative projects that shape the future of mobility. - Utilise our flexible and inclusive working environment. - Steer your career in whatever direction you choose across functions and countries. - Benefit from our investment in your development, through award-winning learning programs. - Progress towards leadership or specialist roles in line with your aspirations. - Benefit from a fair and dynamic reward package that recognises your performance and potential, plus comprehensive and competitive social coverage (life, medical, pension). You dont need to be a train enthusiast to thrive with us. We guarantee that when you step onto one of our trains with your friends or family, youll be proud. If youre up for the challenge, wed love to hear from you!