We are looking for Cost Estimating Engineer to provide cost estimates/comparison costs for a first-degree contracting firm and to also manage pricing for tenders and bids in a particular project.
Overall Purpose of the Role:
To collect and analyze data and information in order to estimate costs associated with the project. Works proactively towards cost target objectives in collaboration with others.
Key Responsibilities:
General and Task Management
• Determine cost estimate targets during the design and development process, recommending cost-effective solutions
• Gather proposals, specifications, and related documents and liaise with stakeholders in order to convert specifications to cost estimates for new and current products
• Utilise cost methodologies and tools and appropriate software models and packages to prepare and maintain reliable and accurate data
• Establish cost estimates of production processes and tooling costs and review alternatives or put forward recommendations for improvement
• Assess the 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
• Monitor and review data and information to detect or assess problems
• Investigate and identify cost reduction opportunities through a cost analysis review
• Contribute to cost monitoring and reporting systems and procedures and monitor trends
• Prepare cost and expenditure statements, reports, and other necessary documentation at regular intervals to share with others in the business
• Support all activities in cost estimating and take a proactive approach toward improvements
Relationship Management
• Liaise with clients and support management decisions by providing appropriate cost information and data
• Provide cost estimates during the change process and advise of the cost impact of changes. Track and monitor activity
• Work with management to ensure estimates are accurate and to make appropriate adjustments and resolve issues
• Analyse supplier quotes and provide information and data, which aids communications with suppliers and customers and achieves cost optimization.
• Ensure supplier quotations meet "should cost" estimates
• Support supplier meetings and negotiations to challenge quotation prices and aim for cost reductions to meet target costs
• Support and utilize experience to aid best practices in the supplier process in conjunction with members of the purchasing team
Self-Management
• Adhere to any health, safety, and environmental policies and procedures to ensure the safety and well-being of self, staff, and visitors
• Assertive, resilient, and welcomes change
• Engages the interest and participation of others and has a collaborative approach to working with others
• Proactively contributes to the team
• Actively committed to teams development
• Is self-aware and optimistic
• Shows moral courage, openness, and honesty in all dealings
Skills and Attributes:
• Good communication skills with the ability to form and maintain good relationships internally and externally
• Good interpersonal, negotiation, and influencing skills
• Commercially and financially aware
• Strong analytical skills
• Strong technical mindset and ability to read and interpret technical data and translate it to others
• Highly numerate with the ability to research, assemble manage, and manipulate numerical information
• Knowledge of estimating techniques
• Results orientated and organized with the ability to deliver against deadlines
• Strong attention to detail and accuracy skills
• Project management skills
Qualifications and Experience Levels:
• Engineering Degree
• Some previous experience in cost estimating, ideally in an engineering environment (during tenders and bids processes).
• Good IT systems knowledge and skills including advanced Excel skills.
• Ideally experienced in the use of spreadsheets, estimating pricing models, and cost management tools.
• Able to show evidence of adding value and cost optimization.
• Knowledge and understanding of a variety of manufacturing processes and components and ability to evaluate and analyze associated costs.
• Saudi Council of Engineering membership is a must.
Interested applicants may send their CVs to
Kindly mention in the subject the position you are applying for and attached your latest CV
We will review your qualifications and will get back for the initial interview so on and so forth
Basic Details
Qualification :
Posted :
Job Type : Full-Time
Company : Saudi Jobs
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