Estimate Engineer

Flowserve India Controls Pvt. Ltd.; Nagar; On-site; INR 1,200,000 - 2,400,000; Full time

Job summary

Flowserve India Controls Pvt. Ltd. seeks an experienced Cost Estimator to determine product costs across materials, labor, and subcontract expenses.

You will review specifications, update routings, and prepare detailed cost analyses for stakeholders in a fast-paced manufacturing environment. Ideal candidates have 5+ years in automotive cost estimation, strong analytical skills, and proficiency in SAP ERP, Power BI, and Excel.

Qualifications

• Engineering degree in Mechanical or Production Engineering.
• 5+ years experience in project cost estimation in automotive/manufacturing.
• Knowledge of routing, material specs, and quality requirements.
• Strong commercial acumen with vendor management and material sourcing.
• Proficiency in cost estimation and analytical tools.

Responsibilities

• Estimate comprehensive product cost based on materials, labor and subcontract expenses.
• Review specs and ITP, prepare and update routing to determine accurate costing.
• Prepare detailed cost reports and presentations for stakeholders.
• Review and update material standard costs in SAP ERP.
• Analyze cost data and recommend cost optimizations and manufacturing improvements.
• Coordinate with supply chain to negotiate favorable supplier terms.
• Maintain documentation of all cost estimation activities and data.
• Monitor cost variance and implement cost-saving initiatives.

Skills

Analytical skills

Cross-functional collaboration

Communication skills

Commercial acumen

Education

Engineering degree in Mechanical/ Production Engineering

Tools

SAP ERP

Power BI

Microsoft 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.