Junior Cost Estimator Job Description [Updated for 2025]

In the world of business and construction, the role of a Junior Cost Estimator has never been more significant.

As financial management becomes more complex and intricate, the demand for skilled individuals who can accurately assess and predict costs of projects and operations is on the rise.

But what exactly does a Junior Cost Estimator do?

Whether you are:

• A job seeker trying to understand the core of this role,
• A hiring manager outlining the perfect candidate,
• Or simply interested in the intricacies of cost estimation,

You’ve come to the right place.

Today, we present a customizable Junior Cost Estimator job description template, crafted for effortless posting on job boards or career sites.

Let’s delve right into it.

Junior Cost Estimator Duties and Responsibilities

Junior Cost Estimators are primarily responsible for assisting the Senior Cost Estimator or Project Manager in calculating the total costs associated with a project or a product production.

They play a vital role in determining the feasibility, profitability, and timeline of a project or product.

Their daily duties and responsibilities include:

• Gathering and analyzing data related to production times, staffing, equipment availability, and materials
• Assisting in preparing cost estimates for product manufacturing, construction projects, services, or other business activities
• Working closely with sales teams, project managers, and engineers to understand the full scope of a project
• Utilizing computer software to calculate estimates and create reports
• Presenting cost estimates to stakeholders, including details on risks or opportunities related to the estimated costs
• Assisting in the evaluation of a product’s cost-effectiveness or profitability
• Monitoring industry trends and identifying any changes that may affect costs
• Keeping detailed records of all estimation documentation and updating any cost changes

 

Junior Cost Estimator Job Description Template

Job Brief

We are looking for a diligent Junior Cost Estimator to support our team in the financial planning of projects.

This role involves assisting in the collection and analysis of data and in the estimation of the time, money, materials, and labor required to manufacture a product, construct a building, or provide a service.

Our ideal candidate has a strong numerical aptitude, excellent attention to detail, and understands the full cycle of our projects.

The ultimate goal for this role is to contribute to correct project budgeting which will aid in the strengthening of our business’s financial performance.

 

Responsibilities

• Assist in the collection and analysis of financial data
• Prepare and present cost estimates and budget proposals
• Collaborate with engineers, architects and contractors on estimates
• Use computer software to calculate estimates
• Review blueprints and product specifications to accurately determine quantities
• Maintain updated records of the costs of materials and labor
• Assist in the preparation of reports and projections based on this analysis
• Support the senior estimator as needed

 

Qualifications

• Proven work experience as a Cost Estimator or similar role
• Strong numerical skills and an analytical mindset
• Proficiency in relevant software (e.g. Timberline, HCSS, ProEst)
• Excellent attention to detail
• Good understanding of research methodologies and data analysis techniques
• BSc/Ba in engineering, construction science or relevant discipline

 

Benefits

• 401(k)
• Health insurance
• Dental insurance
• Retirement plan
• Paid time off
• Opportunities for professional development

 

Additional Information

• Job Title: Junior Cost Estimator
• Work Environment: Office setting with occasional visits to construction sites. Minimal travel may be required for meetings or project assessments.
• Reporting Structure: Reports to the Senior Cost Estimator.
• Salary: Salary is based upon candidate experience and qualifications, as well as market and business considerations.
• Pay Range: $50,000 minimum to $70,000 maximum
• Location: [City, State] (specify the location or indicate if remote)
• Employment Type: Full-time
• Equal Opportunity Statement: We are an equal opportunity employer and value diversity at our company. We do not discriminate on the basis of race, religion, color, national origin, gender, sexual orientation, age, marital status, veteran status, or disability status.
• Application Instructions: Please submit your resume and a cover letter outlining your qualifications and experience to [email address or application portal].

 

What Does a Junior Cost Estimator Do?

A Junior Cost Estimator, often working under the supervision of a Senior Cost Estimator, is primarily responsible for estimating the cost of projects in various fields, such as construction, manufacturing, or services.

They analyze data and specifications related to projects, including materials, labor, location, duration, and special requirements, to estimate the total costs.

They may also gather quotes from suppliers and subcontractors to include in their cost estimations.

A Junior Cost Estimator works closely with project managers, engineers, and clients to understand the scope and requirements of a project.

They also assist in preparing budget proposals and bid documents based on the cost estimates they have developed.

In some cases, Junior Cost Estimators may also be involved in cost control, tracking actual costs against estimated costs throughout the life of a project, and identifying areas where costs may be reduced without compromising the quality or timeline of the project.

Their role is crucial in decision-making processes, as their estimates often influence the feasibility and profitability of potential projects.

 

Junior Cost Estimator Qualifications and Skills

Junior Cost Estimators require a unique blend of technical know-how, analytical skills, and attention to detail.

Some of the qualifications and skills needed for this role include:

• Strong mathematical skills to analyze, evaluate, and estimate costs accurately.
• Understanding of technical drawings, blueprints, or specifications to gather necessary data.
• Excellent analytical skills to interpret complex information and develop cost-effective solutions.
• Knowledge of construction materials, processes, and the ability to calculate quantities and costs from drawings.
• Communication skills to effectively collaborate with project managers, engineers, and clients, explaining estimates and addressing any potential discrepancies.
• Proficiency with estimation software and related digital tools to streamline the cost estimation process.
• Attention to detail for ensuring accurate cost predictions which are crucial to project budgeting and financial planning.
• Problem-solving skills to identify potential issues that may influence the cost of a project and provide recommendations to resolve them.

 

Junior Cost Estimator Experience Requirements

Candidates for the role of Junior Cost Estimator often have 1 to 2 years of experience, ideally acquired through internships, co-op programs, or part-time roles in areas such as cost analysis, finance, project management, or engineering.

They may also gain practical experience and industry knowledge through entry-level positions in fields that require cost estimation, such as construction, manufacturing, or consulting firms.

Those with a background in a technical field like engineering or construction may have a significant advantage when applying for a Junior Cost Estimator role, as they would already possess an understanding of the technical specifications that can influence cost.

Candidates with more than 3 years of experience might have had the opportunity to develop a deeper understanding of cost estimating principles, methodologies, and tools.

They may also have honed their skills in data analysis, project management, and financial forecasting.

Those with more than 5 years of experience may have gained leadership experience and could be ready to move into a Senior Cost Estimator or Cost Estimator Manager role.

Regardless of the years of experience, a strong ability to analyze data, proficiency in Microsoft Office Suite (especially Excel), and familiarity with cost estimation software are typically desired skills for this role.

 

Junior Cost Estimator Education and Training Requirements

Junior Cost Estimators often have a bachelor’s degree in engineering, construction science, building science or a related field.

They need to have a strong understanding of mathematics and statistics.

In addition, they need to be familiar with cost estimation software such as Microsoft Excel and various database software.

Some positions may require Junior Cost Estimators to have practical experience in the construction industry or a similar field, either through internships or previous employment.

This provides them with a better understanding of the various cost elements involved in a project.

Although not a strict requirement, some Junior Cost Estimators may choose to obtain a certification like the Certified Cost Professional (CCP) from the Association for the Advancement of Cost Engineering (AACE).

This can enhance their credibility and demonstrate their competence in the field.

Continuing education is also important in this role as cost estimation techniques and tools are constantly evolving.

Many professionals attend workshops and seminars to keep their skills up-to-date.

 

Junior Cost Estimator Salary Expectations

The average wage for a Junior Cost Estimator is $57,982 (USD) per year.

However, the actual earnings can vary depending on industry, geographical location, and the individual’s level of experience and education.

 

Junior Cost Estimator Job Description FAQs

What skills does a Junior Cost Estimator need?

Junior Cost Estimators need strong mathematical skills to carry out complex calculations and analytical skills to interpret data and develop cost estimates.

They must be proficient in using financial software and have a solid understanding of construction methodologies or manufacturing processes.

In addition, they need excellent communication skills to discuss and explain estimates to various stakeholders.

 

Do Junior Cost Estimators need a degree?

While some companies may hire Junior Cost Estimators with a high school diploma and relevant experience, many employers prefer candidates with a bachelor’s degree in a field like construction science, engineering, or accounting.

Some roles may also require a professional certification such as Certified Cost Professional (CCP) or Certified Estimating Professional (CEP).

 

What should you look for in a Junior Cost Estimator resume?

A Junior Cost Estimator’s resume should display a strong background in mathematics or a related field.

Look for experience in cost estimating or in a closely related field, such as construction or manufacturing.

Proficiency in the use of cost estimating software and other relevant software is also essential.

Additional points to consider are certifications and any demonstrated skills in problem-solving, data analysis, and effective communication.

 

What qualities make a good Junior Cost Estimator?

A good Junior Cost Estimator possesses keen attention to detail, which is crucial for identifying and considering all possible costs in an estimate.

They should be able to think critically and solve problems, particularly when faced with conflicting or insufficient data.

They should also be good communicators, capable of explaining complex financial information in a clear and understandable way to non-financial colleagues or clients.

 

How much does a Junior Cost Estimator earn?

A Junior Cost Estimator’s salary can vary widely depending on the industry, location, and level of experience.

On average, they can expect to earn between $40,000 and $70,000 per year.

It’s best to check salary data for your specific region and industry to get a more accurate estimate.

 

Conclusion

And there we have it.

Today, we’ve uncovered the true essence of being a Junior Cost Estimator.

And guess what?

It’s not just about crunching numbers.

It’s about paving the path to financial efficiency, one cost estimate at a time.

With our go-to Junior Cost Estimator job description template and real-world examples, you’re ready to take the next step.

But why stop there?

Go further with our job description generator. It’s your next tool for crafting precise job listings or refining your resume to perfection.

Remember:

Every cost estimate forms part of a larger financial landscape.

Let’s shape that landscape. Together.

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