Estimate Engineer

Flowserve Corporation; Nagar; On-site; INR 1,200,000 - 2,000,000; Full time

Job summary

Flowserve Corporation is seeking a cost estimator with 5+ years in automotive/manufacturing cost estimation. You will analyze materials, labor and subcontract costs, review specs, and update routings to ensure accurate costing. Prepare stakeholder reports and drive cost optimization.

The role requires strong analytical skills, vendor management, and proficiency in SAP ERP, Power BI and MS Office. Collaboration with multiple departments is essential.

Qualifications

• Engineering degree in Mechanical/Production.
• (5+ years) experience in project cost estimation in automotive/manufacturing.
• Thorough knowledge of manufacturing processes, routing and material specs.
• Strong commercial acumen with vendor management and sourcing.
• Proficiency in cost estimation and analytical tools.
• Results oriented with deadline-driven planning.
• Excellent analytical and problem-solving skills.
• Strong communication and interpersonal skills.
• Experience delivering results through cross-functional teams.
• Proficient in SAP ERP, Power BI and MS Office.

Responsibilities

• Estimate comprehensive product cost based on materials, labor and subcontract expenses.
• Review product specifications and requirements, ITP and prepare/update routing for production to determine accurate costing.
• Prepare detailed reports/presentations on cost estimates for stakeholders.
• Review and update material standard costs in SAP ERP.
• Analyze cost data and provide recommendations for cost optimization and process improvements.
• Cost variance monitoring and implementation of cost-saving initiatives.
• Coordinate with supply chain teams to negotiate favorable supplier terms.
• Maintain documentation of all cost estimation activities and data.
• Track actual costs vs budgets and report status to stakeholders.

Skills

Analytical skills

Communication skills

Cross-functional collaboration

Problem-solving

Attention to detail

Negotiation

Vendor management

Education

Mechanical/Production Engineering degree

Tools

SAP ERP

Power BI

Excel

Microsoft Office

Job description

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.