What are the responsibilities and job description for the Cost Engineer position at Techtrueup?
Company Description
At Fusion Plus Solutions Inc, we believe that it’s an exceptional company - a company of people proud of the work they do and the solutions they provide. By understanding what drives our specialty industries, becoming involved in our communities on a professional and personal basis, following a disciplined process of identifying quality candidates, partnering with employers to understand their core business and their employment requirements, and delivering exceptional service, we achieve great results for all concerned. Fusion Plus is providing traditional staffing services, professional and technical staffing and management services to some of the country's leading companies with highest quality of service.
Website
https://fusionplusinc.com/
Job Description
Job Title: Cost Engineer for Nuclear Power Plant
Job Location: Wilmington, NC
Duration : 6 Months Contract
Job Summary: The Cost Engineer will be responsible for cost estimation, analysis, and optimization of Engineering Procurement Systems (EPS) related components used in nuclear power plants, including auxiliary systems and balance of plant (BOP). This role requires expertise in cost modeling, supplier benchmarking, and engineering analysis to ensure cost-effectiveness, competitiveness, and compliance with industry standards and regulations.
Key Responsibilities:
- Develop and maintain should-cost models for auxiliary systems, and BOP in nuclear power plants.
- Analyze manufacturing processes, material costs, and labor costs to establish accurate cost estimates.
- Collaborate with engineering, procurement, and supply chain teams to identify cost-saving opportunities.
- Perform supplier cost benchmarking, negotiations, and value engineering initiatives.
- Support design-to-cost and design-for-manufacturing initiatives by working closely with design teams.
- Conduct market analysis to understand industry trends, cost drivers, and supplier capabilities.
- Provide cost breakdown analysis and risk assessments to facilitate strategic decision-making.
- Ensure compliance with nuclear industry standards, safety requirements, and regulatory guidelines.
- Assist in contract negotiations by providing technical cost insights and recommendations.
- Prepare reports and presentations on cost analysis findings and recommendations for management.
Qualifications & Skills:
- Bachelor's or Master’s degree in Electrical Engineering, Mechanical Engineering, Industrial Engineering, or a related field.
- Minimum of 5 years of experience in cost engineering, procurement, or related roles within the energy or nuclear sector.
- Strong understanding of transformers, switchgear, cabling, power distribution systems, motor control centers and commodities like Forging, casting, Heavy fabrication, sheet-metal etc.
- Experience in working should cost model with Built to specification.
- Familiarity with manufacturing processes, materials, and cost structures relevant to nuclear power plant equipment.
- Proficiency in cost estimation tools, data analysis, and spreadsheet modeling.
- Knowledge of industry standards such as ASME, IEEE, NRC regulations, and nuclear safety requirements.
- Experience working with suppliers and performing supplier cost analysis.
- Strong analytical, negotiation, and problem-solving skills.
- Excellent communication and presentation skills.
- Ability to work collaboratively in a cross-functional team environment.
Preferred Qualifications:
- Experience in nuclear power plant EPC (Engineering, Procurement, and Construction) projects.
- Familiarity with cost simulation software like aPriori, Costimator, SEER etc., and advanced cost modeling techniques.
- Certification in cost estimation or project management (e.g., AACE, PMP, Six Sigma).
Additional Information
All your information will be kept confidential according to EEO guidelines.
