Cost Engineer

Cost Engineer

Location: Luton, Bedfordshire

Salary: £50,000 – £55,000 per annum (DOE)

Job Type: Permanent, Full-Time, Onsite

We are seeking an experienced Cost Engineer to join our growing engineering and manufacturing business. This is an excellent opportunity for an Cost Engineer to take ownership of the estimating process and lead the repairs business, supporting both commercial and operational success.

The successful Cost Engineer will work closely with engineering, manufacturing, sales, and supply chain teams to ensure accurate costing, process improvement, and effective management of customer enquiries and repairs.

Key Responsibilities for the appointed Cost Engineer

• Prepare and manage estimates for customer RFQs, NPI projects, repairs, and internal requests.
• Review and improve estimating processes to reduce operational and financial risk.
• Work closely with engineering, manufacturing, sales, and supply chain teams to optimise processes and costs.
• Assess CAD models and engineering drawings to create accurate manufacturing sequences and cost estimates.
• Conduct make-versus-buy assessments using cost and manufacturing data.
• Act as Process Owner for the repairs business, managing customer returns and repair quotations.
• Develop solutions for rework and repair requirements.
• Monitor and improve KPIs through effective documentation, reporting, and process improvements.
• Support customers with complex or technically challenging enquiries.

Key Requirements for the selected Cost Engineer

• Previous experience as an Cost Engineer within a manufacturing or engineering environment.
• Proven experience producing accurate cost estimates and managing business processes.
• Ability to interpret CAD models, engineering drawings, and assembly structures.
• Experience creating manufacturing sequences for multi-level assemblies.

Desirable Skills for the selected Cost Engineer

• Experience with MRP/ERP systems.
• Strong risk assessment capabilities.
• Good commercial and financial awareness.
• Qualifications
• Degree in Engineering, Science, or a related discipline, or equivalent industry experience.