Estimating Analyst Job Description
Estimating analyst
provides advisory services to departments with respect to updating billing rates and interpreting cost accounting data; recommends alternative solutions to cost accounting problems.
Estimating Analyst Duties & Responsibilities
To write an effective estimating analyst job description, begin by listing detailed duties, responsibilities and expectations. We have included estimating analyst job description templates that you can modify and use.
Sample responsibilities for this position include:
Priced Bills of Material
Creating Material Basis of Estimate
Analyze basis of estimates for labor hour estimates, material estimates, travel, and other cost and pricing data
Function as a lead estimator managing data driven top down estimates for labor, material, and other direct costs based on request for proposal (RFP) requirements
Priced Bills of Material (BOM)
Develop piece cost and tooling estimate requests for assigned commodities
Maintaining compliance with IDS Policies and RFP requirements
Supporting documentation including Quotes, PO history and Company Wide Agreements
Creating Supply Chain Labor Bases of Estimate
Responsible for keeping a library of approved baseline estimates (for impact assessments of change requests)
Estimating Analyst Qualifications
Qualifications for a job description may include education, certification, and experience.
Licensing or Certifications for Estimating Analyst
List any licenses or certifications required by the position: USG
Education for Estimating Analyst
Typically a job would require a certain level of education.
Employers hiring for the estimating analyst job most commonly would prefer for their future employee to have a relevant degree such as Bachelor's and Master's Degree in Business, Finance, Accounting, Acquisition, Engineering, Graduate, Education, Business/Management, Industrial Engineering, Manufacturing Engineering
Skills for Estimating Analyst
Desired skills for estimating analyst include:
Mathematics and finance
FAR
Direct and indirect rates and factors
Material
ODC
Profit
Proposed cost elements: labor
Cost Accounting Standards
Accounting
Microsoft Office
Desired experience for estimating analyst includes:
Electrical or Electrical Estimating experience
Oil & Gas and/or Power industry experience
Support integration of outputs from the estimating and planning process into demand management (DM) and delivery tools
Create metrics, and reporting for all estimating and planning processes
Be responsible for the administration of the PMx estimating and staffing plan tools
Update of new resource groups, estimating factors and terminology
Estimating Analyst Examples
1
Estimating Analyst Job Description
Job Description Example
Our innovative and growing company is hiring for an estimating analyst. To join our growing team, please review the list of responsibilities and qualifications.
Responsibilities for estimating analyst
- Maintain and update estimating factors with actuals to date
- Processing and scheduling estimation requests inform teams of upcoming reviews and deadlines
- Translate business requirements into technical approaches for the purpose of creating estimates that support those approaches
- Work closely with developers and a variety of end users to ensure the estimate accurately captures the business need
- Collaborate with the larger GMO team and other internal stakeholders to apply country-specific knowledge concerning immigration, host country labor law, and tax requirements to the estimating task
- Prepare Cost Estimating Worksheets and Qualitative Guidance documentation in response to requests and in accordance with department instructions
- Additional effort will include contributing to the improvement of estimating tools and processes, providing support to special research and analyses in support of Company and GMO strategic goals and compliance initiatives
- Independently collate and analyze estimate and/or financial actual data within one or multiple areas using pre-determined tools, methods and formats in order to support the department’s decision making process
- Respond to internal and external customer/stakeholder requests regarding analysis and development of data
- Monitor and review estimating information, updating where necessary in order to identify any anomalies or discrepancies and ensure management has access to up to date and accurate information
Qualifications for estimating analyst
- Strong math and analytical skills, eye for detail
- Ability to independently interact and provide domain knowledge with proposal counterparts
- 2 years of professional experience in systems implementation or program management
- New carrier construction structural shop or shipboard experience preferred
- Knowledge of new carrier construction steel value stream and fitting/welding processes in order to develop defendable basis of estimates for Navy contract proposals
- Advanced skills in Microsoft Excel are preferred
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Estimating Analyst Job Description
Job Description Example
Our company is growing rapidly and is looking to fill the role of estimating analyst. Please review the list of responsibilities and qualifications. While this is our ideal list, we will consider candidates that do not necessarily have all of the qualifications, but have sufficient experience and talent.
Responsibilities for estimating analyst
- Prepare and publish various reports to support department KPI’s, stakeholder communication and regulatory requirements develop, review and implement departmental procedures and policies
- Provide standardized WBS templates and guidance to the Program teams during the draft RFP stage
- Become familiar with reading Request for Proposals and standard business practices while being able to deliver a compliant cost proposal
- Learn specifics of Direct Costs, Indirect Costs and Price of Labor and Non Labor requirements
- Acquire understanding of how to provide guidance to Cost Leads throughout the Cost Development Phase
- Learn to identifying disconnects of the estimates entered from the source data
- Work with multiple financial systems and databases
- Learn how to develop and present data products and analysis to multiple Management levels
- Understand cross functional communication within Contract, Finance, Procurement, Program and Technical teams
- Work with Proposal Managers, Bidders, Procurement, and other Estimators to develop, update, and maintain cost proposals
Qualifications for estimating analyst
- Proficiency with MS Excel, Word, Visio, and PowerPoint
- Proven experience successfully presenting and defending requested research and proposals
- Demonstrated ability to communicate and adjust your style effectively to diverse audiences
- Proven experience successfully working in a fast-paced, high project volume environment
- Relational database exposure
- Exposure to the proposals process, pricing, and financial management of operational programs
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Estimating Analyst Job Description
Job Description Example
Our innovative and growing company is looking for an estimating analyst. Thank you in advance for taking a look at the list of responsibilities and qualifications. We look forward to reviewing your resume.
Responsibilities for estimating analyst
- Assist in preparing management review slides
- Prepare cost/price volumes for submission to the customer and support audits
- Follow established procedures and work under general direction only
- This position is geared toward being the financial specialist within EPE in addition to other functions
- Prepare and publish various reports to support department KPI’s, stakeholder communication and other reporting as assigned
- Work independently to manage schedule and workload
- The candidate must have experience estimating to a MIL-STD-881C Work Breakdown Structure (WBS)
- Must be able to analyze specifications, calculate execution and deliverable costs using pricing schedules and historical data, collect cost data from internal and external sources, create a sound basis of estimate (BOE) with the associated cost models, analyze risk associated with each type of estimate, and guide the cost strategy discussion for risk mitigation, management reserve, and margin protection
- Review BOEs for quality and compliance while ensuring timeliness, revise BOEs in an iterative process to incorporate changes throughout the fact-finding process
- Develop and maintain various cost estimating models across development and production phases of the program
Qualifications for estimating analyst
- Possess an extensive background in Automotive Plastics and other materials, including composites with expertise in injection and compression mold processing, injection and compression mold tooling, metal plating of plastic parts, painting of plastic/composite parts, and/or plastic/composite part assembly methods
- Solid understanding of IT tools and ability to work with Microsoft tools quickly learn other technology tools
- 3+ years of experience within the SDLC with an emphasis in analytical work
- Adept at complex Microsoft Excel functions and creation of Access Databases
- Familiarity with global mobility concepts and international assignments
- Combination of Engineering and Business degrees preferred
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Estimating Analyst Job Description
Job Description Example
Our company is looking to fill the role of estimating analyst. We appreciate you taking the time to review the list of qualifications and to apply for the position. If you don’t fill all of the qualifications, you may still be considered depending on your level of experience.
Responsibilities for estimating analyst
- Subject Matter Expert for should-cost analysis, high level parametric/analogous estimates and life cycle cost estimates
- Lead the development of risk and opportunity analysis, Provide standardized risk tools, perform risk assessment of all estimated tasks, create maintain risk & Opportunity register and develop and support the implementation of a mitigation strategy
- Support Proposal teams to generate Supplier SOW (SSOW) and internal SOW redline reviews
- Supporting documentation including Quotes, Purchase Order (PO) history and Company Wide Agreements
- Creating Supply Chain Labor Bases of Estimate (BOE)
- Developing compliant Price Analyses for TINA compliant proposals
- Travel may be required to support
- Works closely with auditing team to verify date and assist in the creation of proposals
- Works with functional organizations (engineering, design, quality, operations, and planning) to review contract specifications and drawings
- May work with a variety of departments such as
Qualifications for estimating analyst
- Sikorsky and/or Airframe industry experience
- Strong working knowledge of databases, COBRA, PPMS, MPM, SAP, Hyperion, ECS, COS, MRP, ROADS, PMM and EPRS etc
- SQL and VBA experience preferred
- Database administration, Developement of new database and data management systems
- Experience in development of KPI's and production metrics
- Knowledge of relevant electric industry practice
5
Estimating Analyst Job Description
Job Description Example
Our company is growing rapidly and is looking to fill the role of estimating analyst. If you are looking for an exciting place to work, please take a look at the list of qualifications below.
Responsibilities for estimating analyst
- Develops and/or compiles discipline material take-offs (MTOs) • Enters the information into the Estimating software for inclusion in an estimate • The individual may be exposed to other aspects of estimating as required
- Produces labor, material and subcontractor price estimates for all required work
- Develops long lead and critical material list as required
- Partner with sector capture teams and programs to develop meaningful proposal input to enable the best in class assignment programs to support the business
- Review and interpret RFP/SOW documentation for information that impacts pricing compliance and strategy
- Improve estimating tools and processes in partnership with pricing teams to better meet their needs in incorporating GMO input into their proposal pricing volume
- Support the development of proposals by partnering with both the program and the GMO Cost Estimating team in estimating expenses associated with global staffing requirements
- Create and maintaining strong procedures and efficient processes for creating proposal packages making adjustments based on feedback and experience
- Partner with the senior GMO consultants in educating the business through arranging and/or delivering regular training sessions and brown bags to ensure strong knowledge of the GMO’s role in the BAP/IBAP the support of assignments worldwide
- Interact with other internal compliance groups such as Legal, Contracts, Subcontracts, Pricing, and Global Supply Chain, as necessary
Qualifications for estimating analyst
- Able to analyze multiple sources of data and see relationships between those sources of data, identifying several likely differences, causes or consequences of estimate/actual data or financial/project information
- Takes personal responsibility for correcting problems promptly and non-defensively and communicates customer expectations to monitor delivery and satisfaction
- Able to use direct persuasion to influence others, using basic data, logic or a solid business case when responding to requests from customers and stakeholders
- Monitors quality of others work, checks to ensure procedures are followed when data is submitted in metrics or reports
- RCOH knowledge / experience a plus
- Bachelor’s degree in business, technical, or related field with minimum 10 years of relevant experience