Costing Engineer

About ITT:

ITT is an industrial manufacturer of critical, engineered components that serve fast-growing end markets in transportation, flow, energy, aerospace and defense. The company's differentiation is sustained through a combination of several factors: execution, the quality of its leadership and our DNA as an engineering leader. We have a clear purpose as an organization: to provide our customers with cutting-edge solutions to help solve their most critical needs.

The company generated 2023 revenues of $3.3 billion and is comprised of three distinct segments:

• Motion Technologies ($1.5B revenue) is a global leader in brake pads, shock absorbers and sealing solutions for the automotive and rail markets
• Industrial Process ($1.1B revenue) is a global leader in centrifugal and twin-screw pumps for the chemical, energy, mining and industrial markets
• Connect & Control Technologies ($0.7B) is a niche player in harsh environment connectors and control components in critical applications for the aerospace, defense and industrial markets.

ITT is headquartered in Stamford, Connecticut with over 10,000 employees in more than 35 countries and sales in approximately 125 countries.

• Act as the focal point for costing-related communication with internal stakeholders and global business units, coordinating inputs and clarifications during the quotation stage.
• Lead the preparation, review, and submission of cost estimates and commercial proposals, ensuring technical and commercial accuracy.
• Analyze inquiry packages and develop cost breakdowns, including materials, manufacturing, bought out components, labor, and overhead.
• Review customer draft purchase orders and terms & conditions to ensure alignment with company offers and policies, identifying and escalating risks where necessary.
• Support the execution team with margin analysis, cost reconciliation, and commercial adjustments throughout project execution, including handling change orders and scope variations.
• Contribute to localization initiatives by identifying and evaluating local sourcing opportunities and coordinating with procurement and engineering teams.
• Assist with registration in customer procurement systems, data entry, and audits related to costing and pricing.
• Continuously analyze historical data, and market trends to ensure cost estimates remain competitive and reflect current industry conditions.
• Maintain and update cost databases, supplier price libraries, and internal reference tools to support rapid and accurate future quotations.
• Identify commercial and technical risks during the quotation phase and incorporate appropriate contingencies into cost models.
• Review purchase orders against the original quotation to verify that lead times, pricing, and agreed terms and conditions are fully aligned, and proactively flag any discrepancies before order acknowledgment.