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Sansera - Assistant Manager - Cost Estimation

3 months ago

Bengaluru, India Sansera Engineering Ltd Full time

Key Responsibilities:

1. Develop cost estimates for new and existing products, processes, and manufacturing methods.

2. Analyze blueprints, technical drawings, and other specifications to understand the scope and requirements of the project.

3. Collaborate with design and engineering teams to develop accurate cost estimates for new product development and modifications.

4. Evaluate materials, labor, and overhead costs to determine the overall cost of production and manufacturing.

5. Keep up to date with industry trends, market rates, and pricing to ensure accurate and competitive cost estimates.

6. Create and maintain a cost database for all materials, processes, and services related to the production and manufacturing activities.

7. Coordinate with procurement and supply chain teams to obtain accurate cost information for raw materials, components, and services.

8. Provide input and support for continuous improvement initiatives to streamline processes and reduce production costs.

9. Prepare and present cost estimation reports and proposals to senior management and stakeholders.

10. Collaborate with finance and accounting teams to ensure accurate pricing and costing information is integrated into business operations.

Roles:

1. Cost Estimation: The primary role of an Assistant Manager Cost Estimation is to prepare and analyze cost estimates for a variety of projects. This includes using historical data, industry benchmarks, and input from various departments to develop accurate and realistic cost projections.

2. Budgeting: Working closely with the finance and project management teams, the Assistant Manager Cost Estimation is responsible for assisting in the development of project budgets. This involves reviewing cost estimates, identifying potential cost-saving opportunities, and ensuring that budgets align with project requirements and financial targets.

3. Data Analysis: Utilizing advanced analytical tools and methodologies, the Assistant Manager Cost Estimation is expected to analyze and interpret complex data to identify trends, cost drivers, and areas for potential cost reduction.

4. Reporting: Producing detailed cost reports and financial summaries to present to senior management, project stakeholders, and clients. The Assistant Manager Cost Estimation is responsible for communicating complex cost data in a clear and concise manner to support decision-making Collaborate with Project Teams: Work closely with project managers, engineers, procurement, and other key stakeholders to understand project requirements, develop accurate cost estimates, and monitor project costs throughout the project lifecycle.

2. Cost Control: Implement and maintain cost control procedures to track actual project costs against budgeted costs, identify variances, and recommend corrective actions to mitigate financial risks.

3. Risk Management: Identify potential cost risks and develop contingency plans to manage and mitigate these risks. This may involve conducting scenario analysis, sensitivity analysis, and cost-benefit analysis to support risk management efforts.

4. Process Improvement: Continuously evaluate and improve cost estimation processes, tools, and methodologies to enhance accuracy, efficiency, and productivity.

5. Compliance: Ensure that cost estimation and budgeting practices comply with organizational policies, industry standards, and regulatory Bachelors Degree in Engineering - Mechanical, Automobile, Production.

2. Minimum of 4 years of experience in cost estimation, preferably in the automotive or aerospace industry.

3. Strong knowledge of manufacturing processes, materials, and supply chain management.

4. Proficient in reading and interpreting technical drawings, blueprints, and specifications.

5. Excellent analytical and problem-solving skills.

6. Advanced proficiency in Microsoft Excel and other cost estimation software.

7. Strong communication and presentation skills.

8. Ability to work effectively in a team environment and collaborate with cross-functional teams.

9. Strong attention to detail and a high level of accuracy in cost estimation.

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