Cost Estimator

At Midrex, you will do work that matters alongside people who believe you matter. The work won’t be easy, but it will be worth it. You’ll be part of a great team—with plenty of autonomy—to bring out your best. And you’ll be well compensated and have a best-in-class benefits package. Take a look:

 Since 1987, Midrex has been the world leader in direct reduction technology, offering the best proven method for decarbonization in the iron and steel industry available today.  Our rapid growth is transforming the steel industry and our planet. And none of it would be possible without our people, who bring vision, compassion, and extraordinary expertise to this work every day.  So, if you’re looking to do big work in a small-team environment, Midrex is just the place for you.

Position Summary:

The Cost Estimator is responsible for leading the estimating effort for Direct Reduction Iron (DRI) industrial plant projects. They are responsible for the development of a thorough and accurate cost estimate including labor, equipment, material, bulks, transportation & logistics, expenses, and other incidentals associated with new plant sales, global solutions and aftermarket projects.  DRI plant industrial projects can vary in type, size, complexity and level of risk. The Cost Estimator will have a complete understanding and wide application of principles, concepts, best practices and standards in industrial cost estimating. Responsibilities include significant and detailed interface with Project Managers, Project Engineers, Engineering, Commercial, Procurement, Proposal Engineering, Executive Management, etc.

Supervisory Responsibilities:

• n/a

Duties/Responsibilities:

• Extensive knowledge and application of standardized cost estimating methodology in accordance with American or International recognized cost estimating professional organization. 
• Lead preparation of all detailed cost estimates for proposals, studies and value engineering for DRI industrial plant projects. 
• Thorough understanding of cost estimate accuracy levels and the different requirements for each level.
• Frequent interaction with engineering, proposal team, purchasing, project group, and commercial department personnel on matters involving cost estimates related to plant sales, aftermarket, research & development, and/or active projects.
• Ability to read and comprehend extensive Requests for Proposal (RFP) and to translate that into a comprehensive cost estimate.
• Fluent in reading and performing takeoffs utilizing P&ID’s, PFD’s, engineering drawings, equipment and other lists or other relevant technical documents. 
• Review and confirm estimates with departmental chiefs, project management, procurement, and the sales team.
• Along with the Manager of Project Controls, prepare and present the official cost review to departmental management and Senior/Executive management.
• Establish estimated Work Breakdown Structure (WBS), related dictionaries and Basis of Estimates (BOEs).
• Evaluate incoming cost estimates, quotes and other relevant data for accuracy and completeness.
• Collect, analyze, store and maintain detailed data sets for historical comparisons and use for future estimating.
• Develop and distribute cost control budgets from the as sold estimate and report to Project Controls personnel for inputs/distributions into the ERP system and Primavera P6 (Scheduling Software).
• Develop and present financial models that accurately forecast the project's cash flow requirements, ensuring efficient resource allocation and maintaining a positive cash position throughout the project's lifecycle.

Skills/Abilities:

Required:

• Minimum of six (6) years of hands-on experience estimating within an industrial engineering and procurement sector, preferably iron and steel, or other related industries.
• Knowledge and experience using cost estimating software platforms.  Expert level proficiency of MS Excel is also required.
• Requires confident professional with very strong interpersonal, oral and written skills whom is comfortable presenting estimates to senior and executive team members.

Preferred:

• AACE International Certifications: Certified Estimating Professional (CEP); Certified Cost Professional (CCP).
• Project Management Institute (PMI): Project Management Professional (PMP).
• Estimating tools: Aspen Capital Cost Estimator, Cleopatra Enterprise, CostOS, ProEst).

Education and Experience:

• Required: Associate degree in Engineering, Construction Management or 10-15 years experience in Industrial Cost Estimating.
• Experience: Applicants with extensive experience as a Senior Cost Estimator are encouraged to apply.

Travel Requirements:

• Willingness and ability to travel domestically and internationally as required (~5%). 

Physical Requirements:

• Prolonged periods of sitting at a desk and working on a computer.
• Ability to move around a project site, including climbing structures.

Other Duties:

While this position is posted for a Cost Estimator, we welcome applications from candidates with extensive experience as a Senior Cost Estimator. Exceptional qualifications, proven leadership in estimating complex industrial projects, and a strong track record of success may be considered in lieu of the exact title. We value expertise, adaptability, and a commitment to excellence in project estimation.

Please note this job description is not designed to cover or contain a comprehensive listing of activities, duties or responsibilities that are required of the employee for this job. Duties, responsibilities and activities may change at any time with or without notice.

Midrex is an equal opportunity employer and is committed to providing employment opportunities to all qualified individuals without regard to race, color, religion, sex, national origin, age, disability, or any other protected status in accordance with all applicable laws. In compliance with the Americans with Disabilities Act, Midrex will provide reasonable accommodations to qualified individuals with disabilities and encourages both prospective and current employees to discuss potential accommodations with the People and Culture department.