Cost Engineer

Key Responsibilities

· Build and maintain RFQ cost models covering material, BOP, manufacturing, labour, tooling, logistics, quality and CAPEX.

· Interpret customer 2D drawings, 3D CAD data and technical specifications to understand manufacturing requirements and the key cost drivers of the groups engineered products.

· Identify any inaccuracies or missing data from the customer enquiry pack and inform the relevant account manager, listing all technical assumptions and risks to ensure timely follow up of RFQs.

· Develop, challenge and validate manufacturing assumptions including process route, material utilisation, cycle time, labour content, tooling and checking fixture requirements.

· Coordinate inputs from Engineering, Tooling, Purchasing, MP&L, Quality, Production and Finance.

· Challenge assumptions constructively using facts, data, manufacturing knowledge and historical evidence.

· Benchmark Ricor costs against historical data, market information and alternative manufacturing approaches to identify opportunities and risks.

· Identify cost reduction and margin improvement opportunities.

· Maintain clear traceability of costing assumptions, source data, risks and changes.

· Present the cost position, assumptions, sensitivities and risks clearly to Commercial for review and approval.

· Support Commercial during customer negotiations by providing factual cost analysis and technical justification.

· Continuously update costing databases, standardised estimating tools and reference documentation.

 

Experience & Technical Capability

Essential

· Cost engineering, estimating or manufacturing engineering experience within automotive, defence, off-highway or industrial manufacturing.

· Strong understanding of high and low volume manufacturing processes and the ability to translate a manufacturing route into accurate cost.

· Ability to interpret engineering drawings, technical specifications and CAD data, including GD&T.