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Cost Estimation Specialist

3 weeks ago

Toronto, Ontario, Canada Jacobs & Thompson Inc Full time

We are looking for a skilled Cost Estimation Specialist to join our team at Jacobs & Thompson Inc. As a key member of our production planning team, you will be responsible for creating accurate cost estimates for manufacturing projects, analyzing material costs, labor requirements, machine time, and overheads.

Key Responsibilities:
  • Cost Estimation:
    • Prepare accurate cost estimates for manufacturing projects by analyzing material costs, labor requirements, machine time, and overheads.
    • Create detailed cost models to support project bids, ensuring profitability and competitiveness.
    • Work with procurement and engineering teams to identify opportunities for cost reduction while maintaining quality.
  • Production Planning:
    • Assist in developing production schedules and timelines, ensuring on-time delivery of projects.
    • Coordinate with production teams to monitor progress and resolve any production-related issues.
  • Cross-Functional Collaboration:
    • Work closely with engineering, procurement, and design teams to ensure alignment between project specifications, production capabilities, and cost goals.
    • Liaise with suppliers and vendors to gather material costs and lead times for accurate estimates.

The successful candidate will have strong analytical skills, experience with cost estimation software or Excel-based modeling, and excellent communication skills.