Costing Engineer

Job Description : COST ENGINEER DUBAI 10+ years experience Cost Estimating is defined as: Provides cost estimates/comparison costs for the value of goods that are provided by the supply chain. 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 Utilize 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 optimization. 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 utilize 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 well being 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 Qualifications and Experience Levels: Relevant business/commercial or manufacturing/engineering degree preferred, ONC, A Levels, City & Guilds Level 3, BTec National Diploma Level 3, IVQ Technician Diploma or equivalent NVQ level 3 qualification Some previous experience of cost estimating, ideally in an automotive, manufacturing or engineering environment Good IT systems knowledge and skills including advanced Excel skills Ideally experienced in the use of spreadsheets, estimating pricing models and cost management tools Able to show evidence of adding value and cost optimization Knowledge and understanding of a variety of manufacturing/automotive processes and components and ability to evaluate and analyse associated costs Membership of an appropriate professional body would be advantageous Example roles this job description may cover: Cost Estimator Estimating Engineer Cost Engineer Cost Planning Engineer Cost Reduction Engineer Cost Control Engineer Cost Analyst Project Cost Engineer

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