Costing Engineer

Measured Ability; KwaZulu-Natal; On-site; ZAR 30 000 - 60 000; Full time

Job summary

An established industry player is seeking a detail-oriented Cost Estimator to join their dynamic team. This role involves developing comprehensive cost estimates for various products and projects while collaborating closely with engineering and manufacturing teams to identify cost-saving opportunities. The ideal candidate will possess strong analytical skills and a solid background in engineering, along with proficiency in tools like Microsoft Office and AutoCAD. Join a forward-thinking company that values innovation and continuous improvement, and make a significant impact on cost management and optimization initiatives.

Qualifications

• 1-2 years of experience in a Production/Manufacturing environment.
• Strong proficiency in cost estimation and analysis.

Responsibilities

• Develop detailed cost estimates and analyze production costs.
• Collaborate with teams to optimize processes and reduce costs.
• Prepare and present detailed cost reports to management.

Skills

Communication Skills

Cost Estimation

Analytical Skills

Collaboration

Education

Accredited Engineering Qualification

Tools

Microsoft Office

AutoCAD

Inventor

ERP Systems

Job description

Minimum Requirements

• Accredited certified qualification in Engineering.
• At least 1-2 years’ experience in a Production / Manufacturing environment.
• Proven written and verbal communication abilities.
• Proficiency with computer applications including Microsoft Office, Auto Cad & Inventor.
• Knowledge of Process flows and production processes & Drawings.

Responsibilities

Cost Estimation and Analysis:

Develop detailed cost estimates for new and existing products, projects, and processes.

Analyze production costs and recommend cost-effective solutions.

Create cost models and scenarios to support decision-making processes.

Budgeting and Forecasting:

Assist in preparing budgets and financial forecasts.

Monitor actual costs versus budgeted costs and analyze variances.

Provide cost forecasts and project financial projections.

Data Collection and Management:

Gather and maintain cost data from internal and external sources.

Ensure accuracy and integrity of cost data.

Utilize ERP systems and other software tools for cost management.

Cost Control and Optimization:

Identify and implement cost reduction opportunities.

Collaborate with engineering and manufacturing teams to optimize processes and reduce costs.

Monitor and report on cost control initiatives.

Reporting and Documentation:

Prepare and present detailed cost reports and analysis to management.

Maintain comprehensive documentation of cost estimates, assumptions, and methodologies.

Ensure compliance with company policies and industry standards.

Cross-Functional Collaboration:

Work closely with engineering, production, procurement, and finance teams to ensure accurate cost assessments.

Support project teams with cost-related information and analysis.

Participate in project reviews and provide cost-related insights.

Stay updated on industry trends and cost engineering best practices.

Participate in continuous improvement initiatives to enhance costing accuracy and efficiency.

Train and mentor junior staff on cost estimation techniques and tools.