Costing Engineer

Company Description Engtek Group, anchored by its Penang-based parent company TYK Capital Sdn Bhd, leads the way in innovative engineering solutions and services. With manufacturing facilities exceeding 50,000 sq. meters and equipped with around 600 CNC machines, Engtek Group is strategically located throughout the Asia Pacific Region. The Group is supported by approximately 500 skilled employees and over 1800 workers globally, offering robust financial and human resources management systems. Engtek Group’s sites in Malaysia and the Philippines are ISO 9001 certified, ensuring top-tier productivity, efficiency, and capacity utilization to meet industry demands.

Role Description This is a full-time on-site role for a Costing Engineer, located in Bayan Lepas. The Costing Engineer will be responsible for preparing detailed cost estimates, analyzing and evaluating current costing structures, and developing cost reduction strategies. Day-to-day tasks include collaborating with engineering and production teams to understand material and labor costs, updating cost databases, and presenting cost analysis reports to management. The role requires evaluating manufacturing processes, ensuring cost alignment with budgets, and contributing to the financial planning and forecasting activities of the company.

Qualifications

Experience in cost estimation and cost analysis

Proficiency in financial analysis, budgeting, and forecasting

Strong analytical and problem-solving skills

Good understanding of manufacturing processes and materials

Excellent communication and collaboration skills

Attention to detail and accuracy in work

Ability to work on-site in Bayan Lepas

Bachelor’s degree in Engineering or related field

Experience in the manufacturing industry is a plus

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