Cost Estimator

2 months ago

UAE, United Arab Emirates Petroplan Full time

**Overall Purpose of the Role**: To collect and analyses data and information in order to estimate costs associated with manufacturing a product/contract & services. 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
Utilize 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 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 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 towards improvements

Relationship Management

Liaise with stakeholders and support management decisions by providing appropriate cost information and data

Provide cost estimates during change process and advise of cost impact of changes. Track and monitor activity
Work with stakeholders to ensure estimates are accurate and to make appropriate adjustments and resolve issues
Analyze 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 utilise experience to aid best practice in the supplier process in conjunction with members of the purchasing team
Liaise with purchasing department to provide continued feedback to ensure competitive pricing

Self-Management

Adhere to any health, safety and environmental policies and procedures to ensure the safety and wellbeing of self, staff and visitors.

Assertive, resilient and welcomes change
Engages interest and participation of others and has a collaborative approach to working with others
Proactively contributes to the team
Actively committed to team 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 able to read and interpret technical data and translate to others
Highly numerate with the ability to research, assemble manage and manipulate numerical information
Knowledge of estimating techniques
Results orientated and organised with the ability to deliver against deadlines
Strong attention to detail and accuracy skills
Project management skills

**Qualifications and Experience Levels**:
Relevant business/commercial or manufacturing/engineering degree

Previous experience of cost estimating, ideally in manufacturing or engineering environment
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 optimisation
Knowledge and understanding of a variety of manufacturing
processes and components and ability to evaluate and analyse associated costs
Membership of an appropriate professional body would be advantageous

About Petroplan
Petroplan is the trusted, specialist global Talent Solutions partner of choice for employers and professionals in the Energy sector. Since 1976, Petroplan has been here to help people like you make the most of the opportunities available and find the best fit for you as an individual.
Over 10,000 placements in more than 55 countries for over 550 clients across 65 disciplines.
In an industry where skilled and experienced professionals are increasingly sought after resource, we appreciate the true value of what you have to offer. What's more, we understand that different things are important to different people in today's world of work - it's about making exactly the right connections for you as an individual.

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