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)
You will report directly to the CFO with extensive visibility to all financial and operations management teams as well as C-level executives.
Responsibilities
Create, monitor and maintain the standard cost (including "Landed Cost") model and work center rates, including indirect (Engineering);
Analyze cost centers and identify work centers/cells to develop labor & OH rates;
Own the labor reporting project initiative;
Analyze changes in product process flow, raw material and manufacturing methods to determine effects on costs;
Support Customer Service specialists in developing customer quotes;
Analyze/Review G/L activity of production costs, variances and inventory levels, communicate findings and take appropriate action as results dictate;
Execute month-end closing tasks and analysis related to inventory, variances, etc.
Develop and provide monthly reports to management on product line profitability and various other reports as related to inventory and COGS including scrap, productivity, inventory balances, inventory adjustments, inventory turns, product margin, and material, labor & burden variances;
Analyze inventory to maintain adequate reserves for excess, obsolete and slow moving;
Develop and implement procedures and process improvements relative to manufacturing and cost accounting issues;
Work closely with Manufacturing, Engineering, and Sales and Marketing in the development of cost models for product pricing and monitoring productivity;
Key contact for any cost related issues prior to the Company making commitments to investments or allocation of capital, addition or discontinuance of product lines;
Prepare the annual budget for COGS;
Coordinate annual physical inventory and revaluation;
Prepare and control audit request from our external auditors as related to inventory & COGS;
Assist in the implementation of cycle counting inventory.
Qualifications and Education Requirements
7 - 10 years' experience in finance/accounting in a manufacturing environment;
BS in Accounting;
MBA or MS degree preferred;
Experience with ERP implementations/conversions as stakeholder. NetSuite and Configurator experience best.
Advanced Excel skills (Pivot Tables, V-Lookups, Index Match);
Proficiency in Word;
Demonstrated leadership and communication skills;
Detail oriented with demonstrated analytical and project ownership skills;
Ability to assess risks and opportunities within complex business situations;
Professional demeanor, inter-personal skills and energy level consistent with a strong team environment;
Proven ability to effectively determine and meet deadlines.
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