Senior Costing engineer

Network Finance; Gauteng; Presencial; ZAR 700.000 - 1.100.000; Jornada completa

Descripción de la vacante

Network Finance in Gauteng is seeking an experienced Senior Costing Engineer to drive accurate cost estimates for engineering projects and manufacturing activities.

You will interpret engineering drawings, assess material and labour requirements, and collaborate with procurement, production and commercial teams to ensure profitability.

The role emphasizes developing pricing strategies, maintaining costing models and providing regular cost reports to management.

Formación

• Degree or recognised tertiary qualification in Engineering.
• Proven experience in engineering costing and cost estimation.
• Ability to interpret engineering drawings and BOMs.
• Experience with supplier quotations.
• Strong numerical, analytical and commercial skills.

Responsabilidades

• Prepare detailed cost estimates and quotations for engineering projects and manufacturing activities.
• Analyse drawings, BOMs, and specifications to determine accurate costing.
• Calculate material, labour, machining, fabrication and overhead costs.
• Develop costing models and pricing databases.
• Obtain supplier quotations and ensure competitive pricing.
• Provide cost reports and support pricing negotiations.

Conocimientos

Engineering cost estimation

Cost analysis

Manufacturing costing

Technical estimating

Excel & data analysis

Educación

Engineering degree or diploma

Herramientas

Excel

ERP systems

Descripción del empleo

An exciting opportunity exists for an experienced Senior Costing Engineer to join a technically driven engineering environment. The successful candidate will be responsible for preparing accurate and commercially competitive cost estimates, analysing engineering designs and specifications, and supporting the business in developing pricing strategies for projects, products and manufacturing activities.

This role requires a strong combination of engineering knowledge, cost analysis, commercial awareness and attention to detail. The ideal candidate will be comfortable interpreting technical drawings, assessing material and labour requirements, engaging with suppliers, and working closely with engineering, procurement, production and commercial teams to ensure accurate costing and profitable project delivery.

Key Responsibilities

• Prepare detailed cost estimates and quotations for engineering projects, products and manufacturing activities.
• Analyse engineering drawings, bills of materials (BOMs), technical specifications and project requirements to determine accurate costing.
• Calculate material, labour, machining, fabrication, assembly, subcontracting, overhead and other project-related costs.
• Develop and maintain costing models, estimating templates and pricing databases.
• Obtain and evaluate supplier and subcontractor quotations to ensure competitive pricing.
• Liaise with engineering, design, procurement, production and project management teams to establish project scope and cost requirements.
• Identify cost-saving opportunities and recommend alternative materials, manufacturing methods or design solutions where appropriate.
• Conduct cost comparisons, variance analyses and profitability assessments.
• Monitor changes in material prices, labour rates, supplier costs and manufacturing processes that may affect project profitability.
• Support tender submissions, commercial proposals and customer quotations.
• Evaluate project risks, cost assumptions, contingencies and potential financial implications.
• Review actual project costs against original estimates and investigate discrepancies.
• Maintain accurate costing records and provide regular cost reports to management.
• Ensure that costing methodologies are consistent, transparent and aligned with company procedures.
• Provide technical and commercial input during project reviews and pricing negotiations.

Minimum Requirements

• A degree, diploma or recognised tertiary qualification in Engineering, preferably Mechanical, Industrial, Manufacturing or a related discipline.
• Proven experience in engineering costing, cost estimation, manufacturing costing or technical estimating.
• Strong ability to interpret engineering drawings, technical specifications and bills of materials.
• Experience calculating material, labour, manufacturing and project-related costs.
• Understanding of manufacturing processes, fabrication, machining, assembly or relevant engineering production methods.
• Experience obtaining and analysing supplier quotations.
• Strong numerical, analytical and commercial skills.
• Proficiency in Microsoft Excel and costing or ERP systems.
• Excellent attention to detail and the ability to manage multiple costing assignments simultaneously.
• Strong communication and stakeholder management skills.

Advantageous Experience

• Experience in mechanical engineering, heavy engineering, fabrication, industrial equipment or project-based manufacturing.
• Exposure to tender costing, project costing and commercial bid preparation.
• Knowledge of ERP systems and cost-management software.
• Experience with bills of quantities (BOQs), bills of materials (BOMs) and manufacturing routings.
• Understanding of labour productivity, machine-hour rates, overhead allocation and production efficiencies.
• Experience conducting cost-versus-budget analysis and identifying cost-reduction opportunities.
• Familiarity with procurement processes, supplier negotiations and subcontractor management.
• Experience supporting project managers and engineering teams with financial forecasting and cost control.

Key Skills and Competencies

• Engineering cost estimation and commercial analysis.
• Strong mathematical and analytical ability.
• Excellent Excel and data-analysis skills.
• Ability to interpret technical drawings and engineering documentation.
• Sound understanding of manufacturing costs and production processes.
• Strong negotiation and supplier engagement skills.
• Commercial awareness and a focus on profitability.
• Accuracy, organisation and effective time management.
• Proactive problem-solving and continuous improvement.
• Ability to work independently and collaborate across multidisciplinary teams.