Siemens Careers

Cost Estimator- Olean, NY

Olean, New York

English (US)

Job Description

Division: Power and Gas
Business Unit: Power and Gas
Requisition Number: 230683
Primary Location: United States-New York-Olean
Assignment Category: Full-time regular
Experience Level: Entry level
Education Required Level: Bachelor's Degree
Travel Required: 10%

Division Description:

Siemens is a global technology powerhouse that has stood for engineering excellence, innovation, quality, reliability and internationally for more than 165 years. As a global technology company, Siemens is rigorously leveraging the advantages that this setup provides. To tap business opportunities in both new and established markets, the Company is organized in eight Divisions: Power and Gas, Power Generation Services, Energy Management, Building Technologies, Mobility, Digital Factory, Process Industries and Drives, and Financial Services. Siemens sets the standard for excellence in power generation, transmission and distribution, and provides innovative customer solutions – from utilities, to industrial space, to oil and gas companies. Siemens’ portfolio includes power plants and power-generating equipment, turbines for use as mechanical drives, compressors for industrial applications, power transmission and distribution systems, smart grid applications, and related instrumentation and control systems. For more information, please visit:

Job Description:

Position Overview/Summary


The principal responsibility of this position is to perform cost estimating functions for equipment manufactured and sold based on customer and or marketing specifications. The Cost Estimator will exercise judgement in making model selections and adaptations for alternatives. Self-motivation to find efficient and effective ways to accomplish end goals is required.


Position Responsibilities and Duties

  • Review marketing cost requests, interpret scope and build estimates using in-house templates.
  • Calculate a complete and accurate cost of components and assemblies including engineering, weld, machine, assembly and test hours.
  • Develop, create and monitor model selections of configurations.  Update the data and maintain templates with current costs.
  • Work directly with Engineering, Supply Chain Management and Manufacturing departments to obtain their feedback for building the estimate and updating existing cost models.
  • Audit and analyze actual costs with estimated costs to determine if variances exist.  Initiate corrective action on any discrepancies.
  • Develop and issue target costs for booked orders.
  • Special projects and ad hoc requests.

Required Qualifications:

·        Bachelor’s degree in Engineering or Finance/Accounting.

  • 2-3 years’ experience within a production or manufacturing environment
  • Entry level experience in Field Cost Estimating
  • Knowledge using SAP OR Oracle platform data analytics.
  • Strong written and communication skills
  • Proficiency with Microsoft office applications (Outlook, PowerPoint)
  • Intermediate Excel reporting experience including formulas and macros.
  • Create efficient financial reports to deliver to management for review.

Qualified Applicants must be legally authorized for employment in the United States. Qualified Applicants will not require employer sponsored work authorization now or in the future for employment in the United States. 

 Preferred Qualifications:

  • Ability to read and interpret drawings and schematics
  • Oracle, Sales Force, etc.
  • Familiarity with Citrix and CPC
  • Ability to build Excel Spreadsheets that requires an input to receive an output

Equal Employment Opportunity Statement
Siemens is an Equal Opportunity and Affirmative Action Employer encouraging diversity in the workplace. All qualified applicants will receive consideration for employment without regard to their race, color, creed, religion, national origin, citizenship status, ancestry, sex, age, physical or mental disability, marital status, family responsibilities, pregnancy, genetic information, sexual orientation, gender expression, gender identity, transgender, sex stereotyping, protected veteran or military status, and other categories protected by federal, state or local law.

EEO is the Law
Applicants and employees are protected under Federal law from discrimination. To learn more, Click here.

Pay Transparency Non-Discrimination Provision
Siemens follows Executive Order 11246, including the Pay Transparency Nondiscrimination Provision. To learn more, Click here.

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