This is a free Cost Estimator Resume example that covers objectives and tips to gets you the best job. This professional resume template with action words will help you in writing perfect CV for the desired Cost Estimator Job.

Cost Estimator Job Description

  • Analyzes blueprints, specifications, proposals, and other documentation to prepare time, material, equipment, and labor estimates involved in assigned products, projects, or services, applying knowledge of specialized methodologies, techniques, principles, or processes.
  • Prepares preliminary estimates for planning purposes and detailed itemized estimates based on final plans and specifications.
  • Reviews data to determine material and labor requirements and prepares itemized lists.
  • Computes cost factors and prepares estimates used for management purposes, such as planning, organizing, and scheduling work, preparing bids, selecting vendors or subcontractors, and determining cost effectiveness.
  • Conducts special studies to develop and establish standard hour and related cost data or effect cost reductions.
  • Consults with clients, vendors, or other individuals to discuss and formulate estimates and resolve issues.

Sample Cost Estimator Resume Template

Contact information

In this section you have to include your Name, current home address, Mobile telephone number, Landline telephone number and your personal email address which is currently used.

  • Full name
  • Present and permanent addresses
  • Telephone numbers
  • Email address

Professional or career objective

Your objective is the one that clearly underlines your aims and aspirations in that profession. For example a Management Graduate will have to write an objective which is concise and precisely speaks about his role that he wants to play in the Organization.

Sample Objective for Cost Estimator

To find a position where I can work in a team environment and continue to learn and expand my skills.

Career Achievements

If you have any major Career Achievements or any Appreciation then this is the section where they should be listed. For Example a Cost Estimator can add his/her career achievements like,

  • Conducted cost analyses on the fax and telephone systems; based on my analyses the company upgraded the fax system saving Rs 10000 per month and
  • Replaced the phone system with an estimated savings of 1650 per month.
  • Prepared corporate taxes for 2005 with minor supervision and several census forms required for the manufacturing environment.
  • Established Work Breakdown Structure’s (WBS) as required by the RFP/RFQ.
  • Developed detailed spreadsheets and budgets using the value added accounting approach.

Experience

Previous work experience plays an important role while applying for a Job and hence it should be well presented in the resume. Most of the questions during your resume will be related to the previous job that you had and hence you should be well prepared for it. You should begin with putting the name of the organization that you worked for, the duration of your work and the post or the designation at which you were working. After this, you can effectively place points in a bulleted format that talk about the responsibilities and the achievements that you may have achieved during your stay at the previous organization. The work experience of an experienced Cost Estimator applying for a job would look like,

Cost Estimator

Pioneer Technologies, Mumbai, 2006-Present

  • Manage and demonstrate accurate costing of numerous product lines, materials costs and labor.
  • Liaise and collaborate with support groups, marketing, manufacturers, vendors, engineers, and other technical teams.
  • Improved costing methods and procedures contributed to a 250% increase in sales during an expansion into new consumer markets and the introduction of new product lines.
  • Oversee and procure raw materials and components with cost analysis for five domestic and two foreign locations.
  • Deploy budget/cost schedules reducing ongoing costs form product design material sourcing to product packaging and delivery.
  • Structure and facilitate a team of cost analysts ensuring quality costing in a manufacturing plant of 450+ employees.

Cost Estimator

Sharad Home Appliances, Mumbai, 2003-2006

  • Customized computer program for cost analysis
  • Developed costing packages for key clients globally.
  • Introduced research methods to determine labor setup and run times.
  • Reevaluated mechanical designs/blueprints to establish a more cost effective product
  • Facilitated and led a team of cost analysts to drive down material and component costs.

Shipping/Receiving/Warehouse Administrator-

Praveen Mills, Mumbai, 2000-2003

  • Recorded and tracked product flow, shipment, and deliveries between vendors, manufacturing and customers.
  • Developed computer generated costing and sales reports that established communication links with manufacturing, engineering, purchasing, operations, outside vendors, and end customers.
  • Instituted control procedures to improve tracking of inventory during corporate relocation and computer system conversion.
  • Tracked and recorded shipping, receiving, and inventory during a time period that saw to an increase of over 100% in sales.

Education and Certification

The academic details need to be mentioned in a tabulated format with respect to the degrees or the courses that the candidate would have undertaken in the past. The latest degree or course comes first followed by the last completed course and hence forth going backwards. For example a Cost Estimator who has completed post graduation or graduation course is applying for a Job or to a company or an organization then his/her details would be like,

  • B B A (Cost Accounting)

Chennai University, Mumbai, 2000

Honors

If you have won any competitions national or international then they could also be highlighted here. For example a Cost Estimator could lay stress on any exams that he may have given or any seminars or conferences attended. If you are a part of any honorary society or any nonprofit organization then that could also be added here.

The honors and the activities section of a Cost Estimator would look like,

  • Active member of Society of Cost accountants India SCAI.
  • Co –writer of “Costing Concepts” book on costing studies along with Some Sharma.
  • Guest faculty of Bangalore Commerce Collage from 2005.

References

The References are generally required so that your present employer can gauge you through the eyes of the people who you were associated with or have worked for. So your teachers or college professors’ details could be placed here. Or your past employer who you would have worked under can also be used as a reference. Ensure that the people whose names you enter know you well and do inform them that you are placing their names as reference because many companies call to confirm. For example the references section of a Cost Estimator could also look like,

Mr. Bharat Jain

Sr. Manager

Praveen Mills

bharat@iiijjkk.com

Salary Range of a Cost Estimator

  • The average salary received is approximately Rs. 20000 per month. This works out to an annual pay package of 2.5 Lakhs to 3 Lakhs per annum CTC.
  • The salary from an American perspective works out to be $6000 per Month.

Note: This salary may be variable and it may change from organization to organization.

Frequently asked Cost Estimator Interview Question

  • What is cost control?
  • What are the duties of a cost controller?
  • Machine Hour Rate How machine hour rate is calculated?
  • Gross and Net the term Gross and Net are often heard in business. Please give examples where these terms are used?
  • What are the freight charges
  • Explain Contribution Margin? What is the meaning Contribution Margin? How is use?
  • Explain the process of cost reporting
  • What is the difference between cash flow statement and funds flow statement
  • Purchasing what is the basis of Purchasing?
  • What is limited liability clause
  • what is the difference between cost accounting and management account

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