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Estimation Engineer
Estimation EngineerLathia Rubber • Faridabad, Haryana, India
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Estimation Engineer

Estimation Engineer

Lathia Rubber • Faridabad, Haryana, India
1 day ago
Job description

Job Title

Estimation Engineer

Band / Grade

Level

Job Family

Division

Location

Mumbai

Department

Reporting to

Role Summary

Responsible to collect and analyse data and information in order to estimate costs

associated with manufacturing a product. Works proactively towards cost target objectives in collaboration with key stakeholders and suggest measures to develop cost efficient production practices.

Roles & responsibilities

KRA 1

Project Planning

Responsibilities

  • identify the estimated cost and specify the final requirements (labour and materials) for a project.
  • Develop and implement a schedule that allows the team to execute all the tasks within a specified timeline.
  • Determine cost estimate targets during the design and development

process, recommending cost effective solutions.

KPI

1. Timely proposal of project plan

KRA 2

Cost effectiveness

Responsibilities

  • 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 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
  • Investigate and identify cost reduction opportunities through cost analysis review
  • Contribute to cost monitoring and reporting systems and procedures and monitor trends
  • KPI

    1. % of adherence to budgets

    2. Rate of cost reduction

    KRA 3

    Production supervision

    Responsibilities

  • Supervise the activities of the production staff and provide technical support
  • Advice if production team face a setback.
  • Keep a track of project report and investigate into matters that may cause a delay in the project.
  • KPI

    1. Adherence to production schedule

    2. Achievement of production targets

    KRA 4

    Documentation and reporting

    Responsibilities

  • Review and report cost related data and information to detect or assess problems.
  • Document and report product related process improvement suggestions.
  • KPI

  • Timely and accurate documentation and reporting
  • Qualification

    Span of Experience

    Technical Competencies

  • Strong knowledge of engineering design concepts and practices
  • Knowledge of estimating techniques
  • The ability to work under strict deadlines without letting the shortage of time affect the quality of work
  • The experience of diagnosing and resolving design and functional issues arising in the course of a project
  • Strong analytical skills
  • Project management skills
  • Salary Range - 7,00,000 / -p.a to 8,00,000 / - p.a.

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    Estimation Engineer • Faridabad, Haryana, India

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