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Cost Estimator (manufacturing)

Cost Estimator (manufacturing)

The Panther GroupWorcester, MA, United States
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The Panther Group is seeking a highly skilled and detail-oriented Cost Engineer to join our manufacturing team. This role is responsible for developing accurate and comprehensive cost estimates, analyzing manufacturing variances, and collaborating with cross-functional teams to ensure financial targets are aligned with production goals. The ideal candidate will have a strong background in cost analysis, manufacturing processes, and ERP systems, with the ability to drive cost optimization and support strategic decision-making.

Key Responsibilities :

Cost Estimation & Analysis

  • Analyze engineering drawings, project blueprints, technical specifications, and vendor quotes to develop detailed and phase-specific cost estimates.
  • Convert product and component specifications into accurate cost projections for both new and existing products.
  • Apply consistent, validated cost methodologies to maintain accurate and reliable cost data across all stages of production.

Standard Cost Reporting

  • Prepare and present detailed standard cost reports to stakeholders including sales teams, project managers, finance leaders, and executive management.
  • Conduct monthly reviews of manufacturing variance reports; identify root causes and work with relevant departments to address discrepancies.

    • Product Data & Change Management

  • Maintain and update product data used in purchasing and manufacturing processes.
  • Create and manage Bills of Materials (BOMs) , Process Routings , and Purchasing Specifications using established change management protocols.

    • Collaboration & Cross-Functional Support

  • Work closely with sales, engineering, procurement, and operations teams to ensure alignment between project scope, cost targets, and financial goals.
  • Serve as a cost subject matter expert during new product development and production planning meetings.

    • Cost Optimization & Improvement Initiatives

  • Identify and quantify cost risks and uncertainties to ensure accurate costing models.
  • Analyze cost drivers and perform variance analysis to uncover inefficiencies and recommend process improvements.
  • Proactively identify opportunities for cost reduction through sourcing, design, or manufacturing process changes.
  • Support the development and improvement of cost monitoring and reporting systems to provide clear visibility into trends and variances.

    • Special Projects

  • Participate in or lead special projects to support operational improvements, customer initiatives, or strategic business goals as assigned.

    • Qualifications :

    Education & Experience

  • Bachelor’s degree in Manufacturing, Mechanical, Industrial Engineering , or a related field.
  • Minimum of 5–7 years of relevant experience in cost engineering or manufacturing cost analysis.
  • Equivalent combinations of education and hands-on experience will be considered.

    • Technical Skills

  • Proficient in ERP systems (Syteline preferred, but similar systems acceptable).
  • Advanced skills in Microsoft Excel for data analysis and reporting.
  • Familiarity with SolidWorks , Outlook , and Microsoft Project .
  • Strong understanding of manufacturing processes including :
  • Metal stamping
  • Heat treating
  • Plating
  • Welding
  • Mechanical assembly
  • CNC machining
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