Cost Estimation Specialist

Job Title

Estimation Engineer

Band/ Grade

Level

Job Family

Division

Location

Mumbai

Department

Reporting to

Role Summary

Responsible 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 key stakeholders and suggest measures to develop cost efficient production practices.

Roles & responsibilities

KRA 1

Project Planning

Responsibilities

* identify the estimated cost and specify the final requirements (labour and materials) for a project.

* Develop and implement a schedule that allows the team to execute all the tasks within a specified timeline.

* Determine cost estimate targets during the design and development

process, recommending cost effective solutions.

KPI

1. Timely proposal of project plan

KRA 2

Cost effectiveness

Responsibilities

* 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

* Investigate and identify cost reduction opportunities through cost analysis review

* Contribute to cost monitoring and reporting systems and procedures and monitor trends

KPI

1. % of adherence to budgets

2. Rate of cost reduction

KRA 3

Production supervision

Responsibilities

* Supervise the activities of the production staff and provide technical support

* Advice if production team face a setback.

* Keep a track of project report and investigate into matters that may cause a delay in the project.

KPI

1. Adherence to production schedule

2. Achievement of production targets

KRA 4

Documentation and reporting

Responsibilities

* Review and report cost related data and information to detect or assess problems.

* Document and report product related process improvement suggestions.

KPI

* Timely and accurate documentation and reporting

Qualification

Span of Experience

Technical Competencies

* Strong knowledge of engineering design concepts and practices

* Knowledge of estimating techniques

* The ability to work under strict deadlines without letting the shortage of time affect the quality of work

* The experience of diagnosing and resolving design and functional issues arising in the course of a project

* Strong analytical skills

* Project management skills

Salary Range - 7,00,000/-p.A to 8,00,000/- p.A.