Cost Estimator

3 days ago

Pune Maharashtra, India Aquarius Engineers Pvt. Ltd Full time

**Department**: Costing Department

**Job Title**: Cost Estimator

**Location**: Pune

**1. Job Purpose Overview**:
**2. Key Responsibilities**
- **Cost Estimation**:

- Prepare detailed and accurate cost estimates for products, projects, and processes, considering all direct and indirect costs (materials, labour, overhead).
- Analyse cost data to identify opportunities for cost reduction and process optimization.
- **Collaboration & Data Collection**:

- Work closely with the design, procurement, and production teams to gather essential data for accurate cost estimation.
- Regularly update and maintain costing databases for material prices, labour rates, and overhead costs.

**Production Cost Analysis**:

- Assist in performing variance analysis (planned vs. actual costs) and identify areas of inefficiency.
- Prepare cost-benefit analyses for potential product or process changes.

**Continuous Improvement**:

- Suggest process improvements based on cost analysis and industry best practices.
- Participate in cross-functional projects to enhance cost control and efficiency within the manufacturing processes.

**3. Required Qualifications**

**Education**: Bachelor’s degree in Mechanical Engineering.

**Experience**:

- 3 to 5 years of experience in cost estimation, preferably within a manufacturing or engineering environment.
- Prior experience working with ERP systems, costing software, and data analysis tools. preferably in the **heavy machinery** **manufacturing / construction equipment** industry.

**Certifications/Licenses**:

- Proficiency in cost estimation software, MS office, Advance Excel, and ERP systems (SAP, Oracle).

**Special Skills**:

- Results-oriented with a proactive and strategic approach to vendor development.
- Excellent communication skills and the ability to manage multiple projects and priorities simultaneously..

**4. Competencies**

**Core Competencies**:
**Technical Competencies**:

- Strong knowledge of **manufacturing cost structures** and pricing strategies.
- Continuous improvement mind-set with a focus on cost reduction.
- Ability to collaborate effectively across departments.
- Strong understanding of production processes and material flow in a manufacturing setup.
- Ability to interpret technical drawings and specifications to derive cost elements.

**5. Working Conditions**

**Work Environment**:
Primarily Pune office-based, but occasional visits to production and assembly lines will be required

Pay: From ₹700,000.00 per year

Schedule:

- Day shift

**Experience**:

- total work: 4 years (required)

Work Location: In person

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