Role Summary:
This role involves estimating costs associated with manufacturing processes, including materials and labor and other expenses. It requires a strong understanding of manufacturing processes, routing, material and technical specifications, and commercial aspects such as vendor capabilities and raw material costs. The ideal candidate should have a keen eye for detail, strong analytical skills, and the ability to collaborate effectively with all departments and Interco as required.
Responsibilities:
- Estimate comprehensive product cost based on materials, Labor and subcontract expenses
- Review product specifications and requirements, ITP and prepare and update routing for production processes to determine accurate costing.
- Prepare detailed reports and presentations on cost estimates for stakeholders
- Review and initiate updation of material standard costs in SAP ERP.
- Analyze cost data and provide recommendations for cost optimization and manufacturing process improvements to ensure consistency and transparency.
- Knowledge on additive manufacturing, Casting/Forging, and Machining process will be an added advantage.
- Implement and monitor cost variance, cost-saving initiatives and best practices.
- Stay up to date on market trends and fluctuations in the cost of raw materials.
- Set up cost monitoring and reporting systems and procedures and monitor trends.
- Prepare actual cost and expenditure statements, reports and other necessary documentation at regular intervals to share with relevant stakeholders.
- Co-ordinate with supply chain teams to negotiate favorable terms with suppliers.
- Maintain documentation of all cost estimation activities and data.
- 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
Preferred Experience / Skills:
- Degree: Engineering in Mechanical/ Production Engineering.
- Experience: 5+ years of experience in project cost estimation in automotive industry and manufacturing/engineering environment.
- Thorough knowledge of manufacturing processes, routing, material specification and quality requirements.
- Strong commercial acumen with experience in vendor management and raw material sourcing.
- Proficiency in cost estimation and scientific analysis tools.
- Results orientated and organized with the ability to plan and deliver against deadlines
- Excellent analytical and problem-solving skills.
- Strong communication and interpersonal skills.
- Experience of delivering results through cross-functional working
- Proficient in SAP ERP, Power BI and Microsoft Office- Excel.
Skills Required
- Degree in Mechanical Engineering or Production Engineering
- 5+ years of experience in project cost estimation within the automotive industry and manufacturing or engineering environments
- Thorough knowledge of manufacturing processes, routing, material specifications, and quality requirements
- Commercial acumen, including vendor management and raw material sourcing
- Proficiency in cost estimation and scientific analysis tools
- Strong analytical and problem-solving skills
- Strong communication and interpersonal skills
- Experience delivering results through cross-functional collaboration
- Proficiency in SAP ERP, Power BI, and Microsoft Excel
- Knowledge of additive manufacturing, casting or forging, and machining processes
Flowserve Corporation Compensation & Benefits Highlights
The following summarizes recurring compensation and benefits themes identified from responses generated by popular LLMs to common candidate questions about Flowserve Corporation and has not been reviewed or approved by Flowserve Corporation.
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Retirement Support — Retirement programs are described as strengthened with an enhanced 401(k) match, added employer contributions, and a shorter vesting schedule following recent plan changes. Feedback suggests this compares well with large‑company norms and is a notable part of total rewards.
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Healthcare Strength — Core medical, dental, and vision coverage with HSA/FSA options is described as solid, complemented by life/disability insurance and an EAP. Feedback suggests overall health benefits are comprehensive for a large industrial employer.
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Equity Value & Accessibility — An employee stock purchase plan with a company match makes equity participation accessible and financially attractive. Feedback suggests this feature stands out versus typical offerings and adds meaningful value.
Flowserve Corporation Insights
What We Do
Flowserve is one of the world's largest manufacturers of pumps, valves and seals with over 19,000 employees in over 60 countries. Built on more than 50 world-renowned heritage brands, the equity and customer loyalty we have earned over the past 220 years is the foundation of our leadership position across the globe.
