Estimate Engineer

Company Overview: 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 EOE including Disability/Protected Veterans. Flowserve will also not discriminate against an applicant or employee for inquiring about, discussing or disclosing their pay or, in certain circumstances, the pay of their co-workers. Pay Transparency Nondiscrimination Provision If you are a qualified individual with a disability or a disabled veteran, you have the right to request a reasonable accommodation if you are unable or limited in your ability to use or access flowservecareers.com as result of your disability. You can request a reasonable accommodation by sending an email to employment@flowserve.com. In order to quickly respond to your request, please use the words "Accommodation Request" as your subject line of your email. For more information, read the Accessibility Process.