Machine Cost Estimator ( Engineer)

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.