Cost Estimation Engineer

Bachelor of Technology/Engineering (Electrical)

Nationality: Any Nationality

Vacancy: 1 Vacancy

Job Location: [Insert Location]

Experience: 2 to 8 years

Job Function: [Insert Job Function]

Skillset: [Insert Skillset]

Key Responsibilities:

1. Prepare Cost Estimates: Develop detailed cost estimates for multiple electrical panel manufacturing projects simultaneously, ensuring accuracy and comprehensiveness.
2. Coordinate with Project Managers: Work closely with project managers to ensure precise and timely cost estimations.
3. Analyze Specifications and Drawings: Review electrical schematics, technical drawings, and specifications to prepare accurate cost estimates.
4. Budget Management: Ensure cost estimation aligns with budget constraints across various panel manufacturing projects.
5. Supplier Negotiations: Negotiate with suppliers to obtain the best prices for electrical components, raw materials, and services.
6. Risk Assessment: Identify potential cost risks, such as material price fluctuations, and develop mitigation strategies.
7. Maintain Records: Keep detailed records of all cost estimates, including assumptions, methodologies, and supporting documentation.
8. Client Communication: Communicate effectively with clients to understand their requirements and provide clear, detailed cost estimates.
9. Market Research: Conduct market research to stay updated on component costs, labor rates, and other manufacturing-related expenses.
10. Continuous Improvement: Enhance estimation processes and tools to improve accuracy and efficiency in cost calculations.

Qualifications:

1. Experience: Minimum of 2 years in cost estimation, preferably in electrical panel manufacturing, switchgear, or related industries.
2. Graduate of Electrical Engineering.
3. Expertise: Proven skills in preparing detailed cost estimates and managing budget constraints in manufacturing.
4. Knowledge: Strong understanding of electrical components, project specifications, and cost estimation methodologies.
5. Skills: Exceptional analytical, negotiation, and communication abilities.

Company Industry:

• Banking
• Broking