Estimate Engineer

Role Summary: This role involves estimating costs associated with manufacturing processes, including materials and labor and other expenses. It requires a strong understanding of manufacturing processes, routing, material and technical specifications, and commercial aspects such as vendor capabilities and raw material costs. The ideal candidate should have a keen eye for detail, strong analytical skills, and the ability to collaborate effectively with all departments and Interco as required.

Responsibilities

• Estimate comprehensive product cost based on materials, Labor and subcontract expenses
• Review product specifications and requirements, ITP and prepare and update routing for production processes to determine accurate costing.
• Prepare detailed reports and presentations on cost estimates for stakeholders
• Review and initiate updation of material standard costs in SAP ERP.
• Analyze cost data and provide recommendations for cost optimization and manufacturing process improvements to ensure consistency and transparency.
• Knowledge on additive manufacturing, Casting/Forging, and Machining process will be an added advantage.
• Implement and monitor cost variance, cost-saving initiatives and best practices.
• Stay up to date on market trends and fluctuations in the cost of raw materials.
• Set up cost monitoring and reporting systems and procedures and monitor trends.
• Prepare actual cost and expenditure statements, reports and other necessary documentation at regular intervals to share with relevant stakeholders.