Cost Engineer

Cost Engineer

Loughborough Full-Time 36000 - 60000 £ / year (est.) No home office possible
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At a Glance

  • Tasks: Estimate project costs, research prices, and support engineering teams with proposals.
  • Company: Join a dynamic company focused on innovative engineering solutions across global markets.
  • Benefits: Enjoy a collaborative work environment, potential remote options, and opportunities for professional growth.
  • Why this job: Be part of impactful projects while developing your skills in a supportive team culture.
  • Qualifications: Degree in engineering preferred; experience with opto-mechanical components is a plus.
  • Other info: Site-based role in Leicester with international collaboration; some flexible hours may be required.

The predicted salary is between 36000 - 60000 £ per year.

Provide estimates for the costs of a project, products and services. Research the prices of the various components involved, acquiring the relevant estimates and quotes from vendors and contractors. Support the Commercial & Engineering teams with proposals, tracking costs, understanding the customer’s specifications and calculating the final budget for the project, product or service. As required, present your analysis to support conclusions made.

PRIMARY DUTIES AND RESPONSIBILITIES:

  • Provide engineering support for the Commercial team
  • Communicate and discuss complete specifications to Engineering & Manufacturing departments
  • Understand key customers’ products and services
  • Communicate with Commercial & Engineering to consolidate specs and recommend configurations
  • Prepare quote package including drawings, cost estimates and any other required documentation
  • Keep informed of supplier pricing, products, and services
  • Drive the correct 8020 qualification of opportunities as appropriate
  • Respond to customers and co-workers in a timely and professional manner
  • Actively participate in all customer support programs including development projects
  • Comply with health and safety policies and procedures
  • Submit accurate expense reports on a timely basis
  • Support company values including ethical conduct and high integrity in all actions

OTHER DUTIES AND RESPONSIBILITIES:

  • Communicate company and product values to prospective customers via formal and informal presentations, meetings and communications
  • Research, document and report industry trends, purchasing history and buying trends related to assigned accounts
  • Maintain accurate and timely activity reports
  • Participate in assigned meetings, selling events, special training programs

TIME & LOCATION:

  • Site based 37.5
  • Able to work on-site from Leicester facility
  • Colleagues are located internationally in Europe, Asia and North America so some outside hours working may be required

QUALIFICATION REQUIREMENTS:

  • Degree in engineering (preferred photonics)
  • Preferred experience with opto-mechanical components and lasers
  • Ability to lead complex quote processes with Commercial / Engineering team, along with Purchasing & our suppliers

LANGUAGE SKILLS:

  • Ability to read, analyse and interpret general business periodicals, professional journals, and technical procedures
  • Ability to write reports, business correspondence, and procedure manuals
  • Ability to effectively present information and respond to questions from groups of managers, customers and the general public
  • Ability to define problems, collect data, establish facts, and draw valid conclusions
  • Ability to interpret an extensive variety of technical instructions in mathematical or diagram form and deal with several abstract and concrete variables

CERTIFICATES, LICENSES, REGISTRATIONS:

  • Valid driver's license
  • Passport

OTHER SKILLS and ABILITIES:

  • The ability to work under pressure to meet set goals, budgets and deadlines
  • Proficiency with word processing, spreadsheet or estimating software
  • The ability to read technical drawings and develop cost estimates
  • The ability to manage time well and multitask
  • Analytical skills
  • Attention to detail

EXPECTED OUTCOMES WITHIN 1 YEAR:

  • Deliver RFQs / RFIs in a timely and effective manner
  • Provide engineering support for Commercial team
  • Communicate and discuss complete specifications to Engineering & Manufacturing dept’s
  • Prepare quote packages including drawings, cost estimates and any other required documentation
  • Track KPI / Metric accordingly

Within 3 months:

  • Have been introduced to all needed tools (softwares, worksheets)
  • Basic knowledge on Estimating & Cost Planning processes (8020, estimating)
  • Understand relations with other departments or business units worldwide

Within 6 months:

  • Able to do simple estimates and requotes
  • Good understanding of capabilities

Within 9 months:

  • Able to do complex requotes
  • Advanced understanding of capabilities

Within 12 months:

  • Able to do complex estimates
  • Proficient knowledge with Estimating & Cost Planning processes (8020, estimating)

Cost Engineer employer: AM Global

As a Cost Engineer at our Leicester facility, you will thrive in a dynamic work culture that values collaboration and innovation. We offer competitive benefits, including opportunities for professional development and growth, while fostering an environment that prioritises ethical conduct and integrity. Join us to be part of a global team that supports your career aspirations and encourages meaningful contributions to exciting projects.
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Contact Detail:

AM Global Recruiting Team

StudySmarter Expert Advice 🤫

We think this is how you could land Cost Engineer

✨Tip Number 1

Familiarise yourself with the latest trends in cost engineering, especially in the photonics and opto-mechanical sectors. This knowledge will not only help you understand the industry better but also demonstrate your commitment to staying updated during interviews.

✨Tip Number 2

Network with professionals in the field through platforms like LinkedIn or industry-specific forums. Engaging with others can provide insights into the role and may even lead to referrals, which can significantly boost your chances of landing the job.

✨Tip Number 3

Prepare to discuss specific examples of how you've successfully managed cost estimates or collaborated with engineering teams in the past. Having concrete examples ready will showcase your experience and problem-solving skills during the interview.

✨Tip Number 4

Brush up on your technical drawing interpretation skills, as this is crucial for the role. Being able to read and analyse technical drawings will set you apart from other candidates and show that you're ready to hit the ground running.

We think you need these skills to ace Cost Engineer

Cost Estimation
Engineering Support
Vendor Management
Technical Drawing Interpretation
Project Budgeting
Analytical Skills
Attention to Detail
Communication Skills
Time Management
Multitasking
Proficiency in Estimating Software
Understanding of Opto-Mechanical Components
Ability to Work Under Pressure
Research Skills
Presentation Skills

Some tips for your application 🫡

Tailor Your CV: Make sure your CV highlights relevant experience in cost estimation, engineering support, and any specific projects related to opto-mechanical components or lasers. Use keywords from the job description to align your skills with what the company is looking for.

Craft a Strong Cover Letter: In your cover letter, express your enthusiasm for the role of Cost Engineer. Discuss how your background in engineering and your ability to manage complex quote processes make you a great fit for the position. Be sure to mention your understanding of customer specifications and budget calculations.

Showcase Relevant Skills: Highlight your analytical skills, attention to detail, and proficiency with estimating software in your application. Provide examples of how you've successfully managed time and multitasked in previous roles, especially under pressure.

Prepare for Technical Questions: Since the role requires interpreting technical instructions and reading drawings, be ready to discuss your experience with these tasks. Consider including a brief example in your application that demonstrates your ability to analyse data and draw valid conclusions.

How to prepare for a job interview at AM Global

✨Understand the Role Thoroughly

Before the interview, make sure you have a solid grasp of what a Cost Engineer does. Familiarise yourself with the responsibilities outlined in the job description, such as providing estimates and supporting the Commercial & Engineering teams. This will help you answer questions confidently and demonstrate your genuine interest in the role.

✨Prepare for Technical Questions

Given the technical nature of the position, be ready to discuss your knowledge of engineering principles, particularly in photonics and opto-mechanical components. Brush up on relevant software tools and estimating processes, as these may come up during the interview.

✨Showcase Your Analytical Skills

As a Cost Engineer, analytical skills are crucial. Be prepared to provide examples of how you've used data to make informed decisions or solve problems in past roles. This could involve discussing specific projects where you successfully managed budgets or tracked costs.

✨Demonstrate Effective Communication

Since the role involves liaising with various departments and presenting information, highlight your communication skills. Prepare to discuss how you've effectively communicated complex information to different audiences, whether through formal presentations or informal discussions.

Cost Engineer
AM Global
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  • Cost Engineer

    Loughborough
    Full-Time
    36000 - 60000 £ / year (est.)

    Application deadline: 2027-06-22

  • A

    AM Global

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