Cost Estimation Engineering & Design
1 Nos.
95652
Full Time
2.0 Year(s) To 4.0 Year(s)
2.00 LPA TO 4.00 LPA
Engg Design / R&D / Product Mgt
Electricals/Electronics - Manufacturing
B.Tech/B.E. - Electrical; Diploma - Electrical
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
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
Key Skills :
Company Profile
Company is a fast emerging Indian leader in power engineering and specialized --- --- and --- current Transformer Bushings for utilities and the industrial markets in India and around the globe. companies products are synonymous with innovation and quality and have proven their reliability over decades of class-leading performance.
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