COST ESTIMATOR

Position Overview

The Cost Estimator is responsible for preparing accurate and competitive cost estimates for manufacturing projects. This role plays a key part in bidding, project planning, and financial decision-making by analyzing all factors that influence project costs. The position requires strong analytical skills, attention to detail, and collaboration with engineering, sales, and production teams to ensure precise and actionable estimates.

Key Responsibilities

Estimating and Analysis

- Analyze blueprints, specifications, proposals, and other documentation to prepare time, cost, and labor estimates for manufacturing projects.

- Gather and analyze data on materials, labor, equipment, tooling, subcontracts, and overhead that impact costs.

- Develop and maintain cost models and databases to support the estimating process.

- Identify and quantify potential risks and opportunities within cost estimates.

- Evaluate vendor and subcontractor quotes to ensure competitiveness and accuracy.

Collaboration and Reporting

- Collaborate with engineering, sales, and production teams to understand project requirements and ensure accurate costing.

- Prepare detailed cost reports and presentations for management review.

- Participate in value engineering discussions to identify cost-saving opportunities.

- Assist in the development of pricing strategies.

Process Improvement and Documentation

- Continuously improve estimating methods and tools to enhance efficiency and accuracy.

- Maintain organized and up-to-date records of all estimates and supporting documentation.

Qualifications

- Bachelor’s degree in Engineering, Business Administration, Finance, or related field required.

- 5+ years of experience as a Cost Estimator in a manufacturing environment.

- Strong understanding of manufacturing processes and cost accounting principles.

- Proficiency in reading and interpreting blueprints, technical drawings, and specifications.

- Excellent analytical, problem-solving, and mathematical skills with strong attention to detail.

- Proficiency in Microsoft Office Suite (Excel, Word, PowerPoint).

- Experience with cost estimating software and ERP systems is a plus.

- Strong communication and interpersonal skills.

- Ability to work independently and manage multiple projects simultaneously.

Key Competencies

- Analytical thinking and cost evaluation

- Accuracy and attention to detail

- Collaboration and cross-functional teamwork

- Organization and documentation discipline

- Problem-solving and process improvement

- Effective communication of financial insights