Cost Estimator 
Onsite – Rockford, Illinois
Direct Hire
Salary: $90,000 – $100,000+ (DOE)
Must be authorized to work in the U.S. without sponsorship

Position Overview

We are seeking an experienced and technically driven Cost Estimator with a strong background in machine tools, industrial equipment, or precision manufacturing. This role is responsible for developing accurate, data-driven cost estimates, supporting proposal development, and improving cost standardization across product lines.

The ideal candidate will have hands-on experience with mechanical assemblies and manufacturing processes, the ability to interpret complex engineering drawings and BOMs, and a collaborative approach to working with engineering and production teams to optimize design-to-cost performance.

Key Responsibilities

Engineering & Cost Estimation

• Interpret and analyze detailed mechanical drawings, GD&T, assembly prints, and technical documentation
  

• Develop detailed bottom-up cost estimates for mechanical, structural, electrical, and purchased components
  

• Evaluate manufacturing processes including machining, fabrication, assembly, and testing to determine labor hours and routing
  

• Collaborate with engineering and production teams to validate cycle times, methods, and resource requirements
  

• Perform should-cost analysis for machined parts, weldments, and complex assemblies

BOM & Cost Structure Management

• Build and maintain multi-level Bills of Materials (BOMs) with complete cost roll-ups
  

• Standardize cost structures across machine platforms and product lines
  

• Identify major cost drivers and recommend opportunities for cost reduction
  

• Support design-to-cost initiatives through manufacturability and material optimization feedback

Supplier & Component Costing

• Identify critical components and obtain supplier quotations
  

• Interface directly with vendors to secure technical and commercial pricing
  

• Evaluate supplier capabilities, lead times, and competitiveness
  

• Support sourcing decisions through detailed cost comparisons

Cost Modeling & Continuous Improvement

• Maintain and update labor standards, material pricing, and cost databases
  

• Conduct annual cost reviews and validate standard costing assumptions
  

• Drive value engineering and process improvement initiatives
  

• Support machine platform standardization to improve scalability and reduce variability

Technical & Cross-Functional Collaboration

• Partner closely with Mechanical Engineering, Project Engineering, and Technical teams
  

• Participate in design reviews, providing cost and manufacturability input
  

• Support product development by aligning engineering decisions with cost targets
  

• Collaborate with Area Managers to develop technically accurate and competitive proposals
  

• Analyze estimated vs. actual project costs and identify variances
  

• Assist with commissioning and startup activities to ensure cost and performance alignment

Qualifications

• 5–10 years of experience in machine tools, CNC systems, industrial equipment, or precision manufacturing
  

• Strong ability to read and interpret mechanical drawings, assemblies, and GD&T
  

• Deep understanding of machining, fabrication, assembly, and manufacturing processes
  

• Experience developing detailed cost models and BOM structures
  

• Proficiency with ERP/MRP systems and Microsoft Excel
  

• Excellent analytical, communication, and cross-functional collaboration skills
  

• Degree in Mechanical Engineering, Manufacturing Engineering, or related field preferred but not required

Preferred Background

• Experience with machine tool assemblies and automation systems
  

• Knowledge of cost reduction, value engineering, and design-for-manufacturing principles
  

• Familiarity with supplier sourcing and technical procurement processes
  

• Ability to work effectively in a fast-paced manufacturing environment

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