About the position
Our client, a South African company with an international reach and client base, is looking for a bright Engineer (Mechanical/Industrial) with experience in Cost Engineering and building Costing Models to join their team. This is an exciting role that will put you at the forefront of Multi-Million Rand Projects for South Africa and beyond.
Your Role will consist of:
- Developing Cost Estimates: Prepare accurate and detailed cost estimates for projects or products, considering factors such as materials, labor, overhead, and other relevant expenses.
- Cost Analysis / Developing Costing Models: Conduct thorough cost analysis to identify areas for cost reduction, cost savings opportunities, and cost drivers. Analyze cost trends and variances to ensure cost-effectiveness and profitability.
- Vendor and Supplier Management: Collaborate with vendors and suppliers to obtain competitive pricing, negotiate contracts, and establish favourable terms. Evaluate supplier performance and conduct supplier cost analysis to optimize procurement processes.
- Cost Optimization Strategies: Develop and implement cost optimization strategies to streamline operations, eliminate waste, and improve efficiency. Identify cost-saving initiatives and monitor their effectiveness in achieving cost reduction targets.
- Cost Control Measures: Implement cost control measures to manage project budgets and control expenditures. Monitor project costs throughout the project lifecycle and take corrective actions as needed to prevent cost overruns.
- Collaboration with Cross-functional Teams: Collaborate with cross-functional teams including engineering, procurement, manufacturing, and finance to ensure alignment of cost objectives with overall business goals. Provide cost-related guidance and support to project teams as needed.
- Documentation and Reporting: Maintain accurate records of cost data, estimates, and analysis. Prepare cost reports, presentations, and documentation to communicate cost-related information to stakeholders and management.
- Continuous Improvement: Stay updated on industry trends, best practices, and technological advancements related to cost estimation and management. Continuously seek opportunities for process improvement and cost optimization.
- Compliance and Ethics: Ensure compliance with relevant regulations, standards, and ethical guidelines related to cost estimation, procurement, and financial management. Uphold ethical standards in all cost-related activities and decisions.
You'll have the opportunity to:
- Develop an understanding of the company's existing costing methods, models, tools, and software to prepare accurate cost estimates.
- Deepen your knowledge of the company's product range and the fabrication processes required for their manufacture.
- Prepare RFQs to subcontractors and suppliers, expediting quotations and ensuring that cost estimates are delivered on time.
- Attend site inspections and contribute to the achievement of the company's sales objectives.
- Additionally, you will have the chance to analyze variances between estimated and actual cost estimates, update costing methods and models, and even develop and implement automated costing models.
Requirements
To be successful in this role, you'll need:
- A qualification in Mechanical / Industrial Engineering
- ± 7 years' experience in Project Costing or Cost Estimation (multi-disciplined Projects, including Fabrication)
- Experienced in working with and analysing Fabrication and Technical Drawings.
- A strong background and knowledge of market-related rates for the manufacture and installation of steelwork, plate work, pipework, and mechanical components and equipment required to build Process Plants for the Mining Industry.
- Advanced Excel skills and experience in using VBA to extract and manipulate data (advantageous)
If you're a driven, detail-oriented individual with a passion for innovation and a desire to grow your career, we encourage you to apply [URL Removed] our client's team and take the next step towards achieving your professional goals!
Benefits
± R40 000 CTC (depending on skills and Experience)
Desired Skills:
- Cost Engineering
- Target Costing
- Cost Management
- Value engineering
