Cost Estimation Engineer jobs in Illinois

The Cost Engineer determines appropriate machine platform and establishes manufacturing cycle times to generate cost estimates and product development input for manufacturability by proactively reviewing new designs, developing manufacturing estimates, achieving the cost targets, understanding the core principles of design for manufacturing, identifying both standard and innovative manufacturing processes, and supporting continual improvement and quality in product design.

Key Responsibilities

• Costing of new parts manufactured
• Updates existing quotes with raw material changes
• Working with Quotation Manager to verify actual vs. quoted costs
• Identify potential cost/efficiency improvements
• Continually improve processes and procedures by staying up to date in manufacturing technologies, tooling advancements, and industry evolutions

Education & Experience

• Bachelor’s degree in manufacturing engineering, Industrial Engineering, Mechanical Engineering, or equivalent combination of education and experience
• Three to five years of experience quoting, cost estimating and/or a direct machining/setup/engineering position in a machine shop or similar industry
• Experience with CAD/CAM software and Enterprise Resource Planning (ERP) in a manufacturing environment preferred.
• Must understand geometric dimensioning and tolerance (GD&T), blueprint reading and cost breakdowns.