Estimate Engineer

Estimate Engineer

Tamil Nadu, IND

• ID: R-21400
• Job Category: Engineering
• Job Type: Full time

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Benefits Overview

Hiring Process

Flowserve is a global manufacturer of pumps, valves, seals, and aftermarket services, delivering comprehensive flow control solutions that support essential industries such as energy, clean water, and pharmaceuticals. If you're looking for a culture built on ingenuity, innovation, and excellence, Flowserve offers the opportunity to put your experience in motion. Whether you're an individual contributor or a people leader, you'll find meaningful opportunities for professional growth, competitive rewards, and a workplace grounded in our core values: People, Safety, Integrity, Ownership and Ingenuity. At Flowserve, we're inspired by what we can achieve together—creating extraordinary flow control solutions that strengthen today's world while building tomorrow.

Role Summary

This role involves estimating costs associated with manufacturing processes, including materials and labor and other expenses. It requires a strong understanding of manufacturing processes, routing, material and technical specifications, and commercial aspects such as vendor capabilities and raw material costs. The ideal candidate should have a keen eye for detail, strong analytical skills, and the ability to collaborate effectively with all departments and Interco as required.

Responsibilities

• Estimate comprehensive product cost based on materials, Labor and subcontract expenses
• Review product specifications and requirements, ITP and prepare and update routing for production processes to determine accurate costing.
• Prepare detailed reports and presentations on cost estimates for stakeholders
• Review and initiate updation of material standard costs in SAP ERP.
• Analyze cost data and provide recommendations for cost optimization and manufacturing process improvements to ensure consistency and transparency.
• Knowledge on additive manufacturing, Casting/Forging, and Machining process will be an added advantage.
• Implement and monitor cost variance, cost-saving initiatives and best practices.
• Stay up to date on market trends and fluctuations in the cost of raw materials.
• Set up cost monitoring and reporting systems and procedures and monitor trends.
• Prepare actual cost and expenditure statements, reports and other necessary documentation at regular intervals to share with relevant stakeholders.
• Co-ordinate with supply chain teams to negotiate favorable terms with suppliers.
• Maintain documentation of all cost estimation activities and data.
• Assess cost effectiveness of products and track actual costs relative to budget and report status on a regular basis to ensure costs are in line with forecasts

Preferred Experience / Skills:

• Degree: Engineering in Mechanical/ Production Engineering.

• Experience: 5+ years of experience in project cost estimation in automotive industry and manufacturing/engineering environment.

• Thorough knowledge of manufacturing processes, routing, material specification and quality requirements.

• Strong commercial acumen with experience in vendor management and raw material sourcing.

• Proficiency in cost estimation and scientific analysis tools.

• Results orientated and organized with the ability to plan and deliver against deadlines

• Excellent analytical and problem-solving skills.

• Strong communication and interpersonal skills.

• Experience of delivering results through cross-functional working

• Proficient in SAP ERP, Power BI and Microsoft Office- Excel.

• Req ID : R-21400

• Job Family Group : Engineering

• Job Family : EN Engineer - Multifamily

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• Flowserve is a global leader in flow control solutions and aftermarket services. Our people are driven by a shared commitment to building a more sustainable future and making a meaningful impact around the world. With more than 16,000 employees across 50+ countries, we combine global scale with strong local expertise. Our teams bring ingenuity, creativity, and technical excellence to every challenge, delivering innovative products and services that help customers operate more efficiently and reliably. Serving over 10,000 customers worldwide, Flowserve supports industries that provide essential resources such as energy, clean water, pharmaceuticals, and more. Put your talents—and your career—in motion with Flowserve.