Machine Cost Estimator ( Engineer)

SUMMARY:
Machine Cost Estimator ( Engineer)

POSITION INFO:

1.     Cost Estimation: Accurately estimate the costs of machinery, parts, and production processes, considering factors such as materials, labor, machine time, overheads, and transportation etc.

2.     Vendor Liaison: Collaborate with suppliers and vendors to obtain quotes for machinery, parts, and equipment, ensuring the estimates reflect the most competitive and accurate pricing.

3.     Data Analysis: Analyze historical data, industry trends, and product specifications to determine cost structures and potential savings.

4.     Costing Models: Develop and refine costing models and pricing strategies to ensure profitability while maintaining competitiveness in the market.

5.     Collaboration: Work closely with engineering, design, and procurement teams to ensure that cost estimates align with project budgets, timelines, and technical requirements.

6.     Report Preparation: Prepare detailed cost estimation reports and presentations for management, highlighting potential risks, cost drivers, and opportunities for cost reduction.

7.     Risk Management: Identify cost risks and suggest mitigation strategies to ensure that projects stay within budget and meet financial goals.

8.     Continuous Improvement: Stay updated with the latest technologies and industry practices to enhance cost estimation processes and tools.

9.     Budget Support: Assist project managers and financial teams in developing and managing budgets for machine acquisition and production processes.

• Bachelor’s degree in Mechanical Engineering, Industrial Engineering, Manufacturing, or a related field (preferred).
• Proven experience (3+ years) in cost estimating, preferably in manufacturing or machinery sectors.
• Proficient in Excel
• Understanding of manufacturing processes, materials, and production techniques.
• Excellent analytical skills with attention to detail and accuracy.
• Strong communication skills to collaborate effectively with vendors, suppliers, and internal teams.
• Ability to manage multiple projects simultaneously and work under pressure to meet deadlines.
• Familiarity with cost estimation standards and industry best practices.
• Knowledge of budgeting and financial analysis in a manufacturing environment.