Cost Estimation Engineering

Job Description:
2-4 years of experience in estimation software AutoCAD or solidworks is compulsory .
 
Overall Purpose of the Role:
To collect and analyse data and information in order to estimate costs
associated with manufacturing a product. Works proactively towards cost
target objectives in collaboration with others.
Job holders in this role may take responsibility for a limited amount of
components within the design and manufacturing process. More senior roles
hold more responsibility and accountability and have a larger remit in terms of
components and financial accountability.
Key Responsibilities:
General and Task Management
 Determine cost estimate targets during the design and development
process, recommending cost effective solutions
 Gather proposals, specifications and related documents and liaise with
stakeholders in order to convert specifications to cost estimates for new
and current products
 Utilise cost methodologies and tools and appropriate software models and
packages to prepare and maintain reliable and accurate data
 Establish cost estimates of production processes and tooling costs and
review alternatives or put forward recommendations for improvement
 Assess cost effectiveness of products and track actual costs relative to
budget and report status on a regular basis to ensure costs are in line with
forecasts
 Monitor and review data and information to detect or assess problems
 Investigate and identify cost reduction opportunities through cost analysis
review
 Contribute to cost monitoring and reporting systems and procedures and
monitor trends
 Prepare cost and expenditure statements, reports and other necessary
documentation at regular intervals to share with others in the business
 Support all activities in cost estimating and take a proactive approach
towards improvements
Relationship Management
 Liaise with stakeholders and support management decisions by providing
appropriate cost information and data
 Provide cost estimates during change process and advise of cost impact
of changes. Track and monitor activity
 Work with stakeholders to ensure estimates are accurate and to make
appropriate adjustments and resolve issues
 Analyse supplier quotes and provide information and data, which aids
communications with suppliers and customers and achieves cost
optimisation.
 Ensure supplier quotations meet 'should cost' estimates
 Support supplier meetings and negotiations to challenge quotation prices
and aim for cost reductions to meet target costs
 Support and utilise experience to aid best practice in the supplier process
in conjunction with members of the purchasing team
 Liaise with purchasing department to provide continued feedback to
ensure competitive pricing
Self-Management
 Adhere to any health, safety and environmental policies and procedures to
ensure the safety and wellbeing of self, staff and visitors
 Assertive, resilient and welcomes change
 Engages interest and participation of others and has a collaborative
approach to working with others
 Proactively contributes to the team
 Actively committed to teams development
 Is self aware and optimistic
 Shows moral courage, openness and honesty in all dealings
Skills and Attributes:
 Good communication skills with the ability to form and maintain good
relationships internally and externally
 Good interpersonal, negotiation and influencing skills
 Commercially and financially aware
 Strong analytical skills
 Strong technical mindset and able to read and interpret technical data and
translate to others
 Highly numerate with the ability to research, assemble manage and
manipulate numerical information
 Knowledge of estimating techniques
 Results orientated and organised with the ability to deliver against
deadlines
 Strong attention to detail and accuracy skills
 Project management skills

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