Medical Device Cost Estimator

Actalent; Big Lake (MN); On-site; USD 100,000 - 115,000; Full time

Benefits offered by this job

Comprehensive benefits

Paid time off & holidays

PTO and holidays

Job summary

Actalent in Big Lake, MN is seeking an Estimating Engineer to prepare detailed cost estimates and customer quotations for RFQs and existing opportunities. This role applies advanced knowledge of machining and medical device manufacturing to develop cost models and support profitable quoting decisions.

Reporting to the Site/Operations Manager, the position works with Sales, Engineering, Operations, and Supply Chain to ensure quotes meet margin targets and supports pricing reviews.

Qualifications

• Bachelors degree in Engineering, Finance, or a related field.
• 5+ years of experience in quoting, estimating, costing, or manufacturing engineering.
• Strong understanding of machining and medical device manufacturing processes.
• Proven RFQ leadership from initial request through final quotation.
• Proficiency in manufacturing quoting, estimating, and cost analysis in a production environment.
• Ability to read and interpret blueprints and engineering drawings with attention to detail.
• Experience with CAD models and CAD software for reviewing product designs.
• Advanced financial acumen, including margin analysis and cost modeling.

Responsibilities

• Prepare detailed cost estimates and customer quotations for RFQs and opportunities.
• Review drawings, specifications, and CAD models to understand product requirements and manufacturing implications.
• Develop cost models including labor, materials, overhead, tooling, and other costs.
• Validate routing and manufacturing methods with Engineering and Operations.
• Estimate cost impact of design changes and communicate impacts clearly.
• Ensure quotes meet established margin targets and profitability objectives.
• Support pricing reviews prior to customer submission.
• Perform post-award cost validation and basic variance analysis.
• Provide cost analysis to Finance with data on cost drivers and variances.
• Coordinate RFQ activity between Sales, Engineering, Operations, and Supply Chain.
• Participate in technical reviews and program kick-offs to represent estimating perspectives.
• Summarize key cost drivers, assumptions, and risks for internal stakeholders.
• Maintain estimating tools, templates, and cost databases.
• Identify opportunities to improve quoting accuracy and efficiency.
• Apply machining knowledge to optimize routings and processes for cost-effective production.
• Support customer negotiations in partnership with commercial teams.
• Contribute to continuous improvement in estimating and manufacturing processes.

Skills

Manufacturing quoting

RFQ experience

Cost modeling

Blueprint reading

IFS ERP

Negotiation support

Cross-functional collaboration

Regulatory manufacturing ISO

Education

Bachelor's degree in Engineering/Finance or related

Tools

IFS ERP

CAD software

MS Excel

Job description

Actalent in Big Lake, MN is seeking an Estimating Engineer to prepare detailed cost estimates and customer quotations for RFQs and existing opportunities. This role applies advanced knowledge of machining and medical device manufacturing to develop cost models and support profitable quoting decisions.

Reporting to the Site/Operations Manager, the position works with Sales, Engineering, Operations, and Supply Chain to ensure quotes meet margin targets and supports pricing reviews.