Cost and Estimation Engineer

Role & responsibilities

Job Title: Cost Estimation Engineer

Job Summary

The Cost Estimation Engineer is responsible for preparing accurate and competitive cost estimates for rubber roll manufacturing projects. The role involves analyzing customer requirements, reviewing technical drawings and specifications, calculating material and manufacturing costs, coordinating with production and procurement teams, and supporting the sales team with timely quotations while ensuring targeted profitability.

Experience in Material Cost and Machining Cost Estimation. Knowledge of MS and SS.

Experience in Metal and Fabrication processes.

Key Responsibilities

• Review customer RFQs, drawings, specifications, and technical requirements.
• Prepare detailed cost estimates for rubber rolls, including raw materials, machining, rubber compounding, bonding, grinding, finishing, and inspection.
• Estimate material consumption, labor hours, machine time, tooling, and overhead costs.
• Coordinate with design, production, procurement, quality, and sales teams to obtain technical and commercial inputs.
• Prepare and submit accurate quotations within specified timelines.
• Analyze manufacturing processes to identify opportunities for cost optimization.
• Maintain and update cost databases, standard costing sheets, and pricing models.
• Compare estimated costs with actual production costs and recommend improvements.
• Support negotiations by providing technical and commercial clarifications.
• Monitor fluctuations in raw material prices and incorporate updated costs into estimates.
• Ensure compliance with company quality standards and customer specifications.
• Generate estimation reports and maintain proper documentation for future reference.

Required Qualifications

• Bachelor's Degree or Diploma in Mechanical Engineering,

Strong understanding of rubber roll manufacturing processes.

• Knowledge of rubber compounds, metal cores, machining, rubber bonding, vulcanization, grinding, and finishing.
• Ability to interpret engineering drawings and technical specifications.
• Good understanding of manufacturing cost structures and standard costing methods.

Familiarity with AutoCAD and engineering drawings is an advantage.

• Strong analytical and numerical skills.
• Excellent communication and coordination abilities.
• Ability to manage multiple quotations and meet deadlines.

Key Performance Indicators (KPIs)

• Quotation turnaround time
• Accuracy of cost estimates versus actual manufacturing costs
• Quote win rate
• Gross margin achievement
• Estimation accuracy
• Timely submission of customer quotations
• Cost reduction initiatives implemented

Preferred Attributes

• Detail-oriented with strong analytical capabilities.
• Commercial awareness and customer-focused approach.
• Ability to work under pressure and prioritize multiple projects.
• Strong problem-solving and decision-making skills.
• Team player with excellent cross-functional collaboration skills.