Cost Estimation Engineer estimates costs for construction, engineering, manufacturing, or other implementation projects based on an analysis of project technical requirements. Collects data and analyzes all project costs, including raw materials, labor, equipment and tooling to ensure estimates are accurate. Being a Cost Estimation Engineer identifies and quantifies potential cost uncertainties to ensure costing models capture the full range of potential costs. Updates costs as necessary based on new information and project scope changes. Additionally, Cost Estimation Engineer coordinates with project management, engineering, procurement and other project stakeholders. Requires a bachelor's degree. Typically reports to a manager. The Cost Estimation Engineer work is closely managed. Works on projects/matters of limited complexity in a support role. To be a Cost Estimation Engineer typically requires 0-2 years of related experience. (Copyright 2024 Salary.com)
Job Summary:
This role maintains standard costing for purchased and manufactured parts and is responsible for keeping systematic set of records of Capital transactions and Tooling transactions.
Knowledge and Skills (Education):
• Bachelor Degree with a concentration in Accounting
• Minimum 2 years of experience in similar position in a manufacturing environment
• Automotive experience is a
• Proficient in Microsoft Office; exposure to computerized manufacturing accounting systems
• Self-starter with a high level of time management and organizational skills
• Excellent analytical and problem solving skills, with attention to details
• Ability to work independently and/or in conjunction with other departments
• Tenacity to ensure inventory tasks are completed through all phases of the company
Major Accountabilities:
• Maintain standard cost information for purchased and manufactured parts.
• Prepare cost studies to develop overhead rates for the standard cost model and quoting.
• Review and verify cost changes to suppliers as necessary related to customer requirements.
• Monitor inventories productive and non-productive (MRO) for negatives, excess and obsolescence.
• Preparation of slow-moving inventory reporting and LCM analysis
• Work with materials and production departments to maintain and control material reject scrap procedure.
• Review and approve any inventory cycle count adjustments.
• Coordinate quarterly physical inventories, including inventory tag control, count entry, review of count differences and preparation of final reporting.
• Responsible for closing inventory module, monthly.
• Prepare monthly reports and analysis for all inventory, including raw, semi-finished, finished, MRO, and tooling.
• Track and monitor unbilled customer tooling inventory.
• Maintain customer tooling revenue and cost of goods sold.
• Tooling project tracking, reconciliation, report preparation/distribution and coordination of monthly meetings with Engineering
• Process Capital Assets expenditure requests ensuring corporate policies are adhered to
• Process all capital assets disposals and Martinrea Divisional transfers
• Maintain the capital assets module of CMS and reconcile to the GL
• Maintain all capital assets binders and maintain monthly CIP schedules
• Assist asset physical inventory count process, asset tagging and variance analysis
• Completion of balance sheet schedules and reconciliation
• Completion of month end journal entries
• Assist preparation of year-end audit package
• Assist month-end and year-end closing procedures
• Prepare account analysis to support financial statement numbers as required
• Other duties and responsibilities as assigned by Controller
• Abide by all company polices including, but not limited to the following; Health and Safety, Quality and Environmental Systems, Human resources policies, and Martinrea Employee Handbook
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