Estimate Engineer

Flowserve; Nagar; On-site; INR 900,000 - 1,300,000; Full time

Job summary

Flowserve is seeking an experienced Cost Estimation professional in Rajasthan to estimate manufacturing costs across materials, labor, and subcontract expenses. The role requires deep knowledge of routing, material specs, and commercial factors like vendor capabilities and raw material costs.

The ideal candidate will show strong analytical skills, attention to detail, and the ability to collaborate with cross-functional teams and Interco when needed.

Qualifications

• Engineering degree in Mechanical/Production Engineering.
• 5+ years of project cost estimation experience in automotive/manufacturing.
• Thorough knowledge of manufacturing processes, routing, material specs and quality requirements.
• Strong commercial acumen with vendor management and raw material sourcing.
• Proficiency in cost estimation and scientific analysis tools.

Responsibilities

• Estimate comprehensive product cost based on materials, labor and subcontract expenses.
• Review specifications and update routing for production processes to determine accurate costing.
• Prepare detailed reports on cost estimates for stakeholders.
• Update material standard costs in SAP ERP.
• Analyze cost data and recommend cost optimizations.
• Coordinate with supply chain to negotiate favorable supplier terms.
• Maintain documentation of cost estimation activities and data.
• Monitor cost variance and implement cost-saving initiatives.
• Stay updated on raw material market trends.

Skills

Cost estimation

Manufacturing processes

Analytical skills

Vendor management

Communication skills

Excel

Power BI

SAP ERP

Microsoft Office

Education

Engineering in Mechanical/ Production

Tools

SAP ERP

Power BI

Excel

Job description

Role Summary:

This role involves estimating costs associated with manufacturing processes, including materials and labor and other expenses. It requires a strong understanding of manufacturing processes, routing, material and technical specifications, and commercial aspects such as vendor capabilities and raw material costs. The ideal candidate should have a keen eye for detail, strong analytical skills, and the ability to collaborate effectively with all departments and Interco as required.

Responsibilities:

• Estimate comprehensive product cost based on materials, Labor and subcontract expenses
• Review product specifications and requirements, ITP and prepare and update routing for production processes to determine accurate costing.
• Prepare detailed reports and presentations on cost estimates for stakeholders
• Review and initiate updation of material standard costs in SAP ERP.
• Analyze cost data and provide recommendations for cost optimization and manufacturing process improvements to ensure consistency and transparency.
• Knowledge on additive manufacturing, Casting/Forging, and Machining process will be an added advantage.
• Implement and monitor cost variance, cost-saving initiatives and best practices.
• Stay up to date on market trends and fluctuations in the cost of raw materials.
• Set up cost monitoring and reporting systems and procedures and monitor trends.
• Prepare actual cost and expenditure statements, reports and other necessary documentation at regular intervals to share with relevant stakeholders.
• Co-ordinate with supply chain teams to negotiate favorable terms with suppliers.
• Maintain documentation of all cost estimation activities and data.
• 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

Preferred Experience / Skills:

• Degree: Engineering in Mechanical/ Production Engineering.
• Experience: 5+ years of experience in project cost estimation in automotive industry and manufacturing/engineering environment.
• Thorough knowledge of manufacturing processes, routing, material specification and quality requirements.
• Strong commercial acumen with experience in vendor management and raw material sourcing.
• Proficiency in cost estimation and scientific analysis tools.
• Results orientated and organized with the ability to plan and deliver against deadlines
• Excellent analytical and problem-solving skills.
• Strong communication and interpersonal skills.
• Experience of delivering results through cross-functional working
• Proficient in SAP ERP, Power BI and Microsoft Office- Excel.