Cost Engineer

Cost Engineer

Reports to: Manager and/or General Manager of Cost Control (New Programs)

RESPONSIBILITIES:

• Prepare cost analysis by evaluating material cost, labor cost, and overhead cost incurred in the fabrication or assembly of part/s, and when predetermined standard/s are not available, make an estimate.
• Analyzes maps, blueprints, photos, charts, and other data to estimate costs and set target cost in detail.
• Assesses cost effectiveness of products and projects to achieve target cost conferring with other functions to adjust cost estimates for effective decision making process.
• Maintain records for all related source documents pertaining to product cost, burden rates, etc.
• Conduct time studies to establish standards for labor estimates.
• Break down components from drawings and fills out "Request for Quotation" for Purchasing Department.
• Can prepare Process Design sheet for submittal to Marketing and Sales Department when necessary.
• Prepare quotations for submittal to Marketing and Sales.
• Estimate part weight and/or mold cost from drawings.
• Reviews raw materials and labor requirements for budget purposes.

EDUCATION:

• Bachelor's Degree in engineering/science, preferred, or equivalent experience in cost estimation/cost engineering/cost accounting.

EXPERIENCE :

• Project management, financial analysis, cost accounting, data analysis.
• Knowledge of computer based operations and associated programs (MS Office, ERP's, financial analysis software).

SKILLS:

• Thorough knowledge of product variance calculations and product costing structure.
• Strong interpersonal and analytical skills.
• Must be able to work independently in the absence of supervision.

Other:

• Ability to work overtime as required and attend video meetings with other regions.
• Travel may be required.

Work Environment This job operates in an office and manufacturing environment, and routinely uses standard office equipment. The noise level in the work environment and job sites can be loud.

Physical Demands

The employee frequently is required to sit and occasionally required to stand; walk; and reach with hands and arms. The employee may be required to lift and/or move up to 10 pounds.