Why This Role Stands Out
This hybrid Cost Engineer role at Innovative IT Solutions Inc. offers a fantastic opportunity to refine your cost estimation and analysis skills while contributing to competitive product development. You'll thrive here if you have a strong background in mechanical parts and manufacturing processes and enjoy collaborating with diverse teams to drive cost optimization. Apply now to leverage your expertise in a dynamic environment with excellent growth potential.
Quick Overview
Job Description
Cost Estimator / Cost Engineer
Locations & Experience Requirements
Ohio: 5–10 years of relevant experience
Wisconsin: 15+ years of relevant experience
Job Responsibilities
Develop detailed and accurate cost estimates for mechanical parts, components, and assemblies.
Evaluate and analyze costs associated with raw materials, machining, fabrication, labor, tooling, overhead, and manufacturing processes.
Review and analyze supplier quotations to assess cost competitiveness and identify opportunities for improvement.
Prepare and submit accurate, competitive, and commercially viable quotations to customers.
Perform should-cost analysis to validate product costs, supplier pricing, and commercial assumptions.
Identify and implement cost-reduction, cost-optimization, and value-engineering opportunities.
Lead and support RFQ/RFP costing activities for new and existing products.
Provide costing support throughout new product development (NPD) and product launch activities.
Collaborate closely with Engineering, Purchasing, Suppliers, Manufacturing, and Customers to develop optimized and competitive cost models.
Analyze cost drivers and manufacturing requirements to ensure accurate and competitive pricing.
Deliver high-quality cost estimates and commercial quotations within project timelines and customer requirements.
Support cross-functional teams in identifying opportunities to improve product cost, profitability, and overall competitiveness.
Key Skills
Mechanical Cost Estimation
Should-Cost Analysis
RFQ / RFP Costing
Supplier Quotation Analysis
Machining & Fabrication Costing
Raw Material & Tooling Cost Analysis
Value Engineering
Cost Reduction / Cost Optimization
New Product Development
Supplier & Customer Collaboration
Commercial Quotation Preparation
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