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Cost Estimation Specialist

2 months ago


Dayton, Ohio, United States COLSA Full time

Key Responsibilities:

+ Develop and maintain estimating timelines that align with acquisition schedules.

+ Create Program Office Estimates (POEs) based on established procedures to determine the anticipated financial outlay for specific tasks or items.

+ Collaborate with Integrated Product Team (IPT) members to establish the technical foundation of programs, gather and analyze data, and document findings.

+ Evaluate program activities and provide cost estimates, adjusting POEs as necessary to produce accurate and realistic life cycle cost assessments.

+ Prepare, present, and reconcile estimation results, which encompass development, procurement, operations and support (O&S), and, where applicable, disposal costs, in accordance with the program's Cost Analysis Requirements Description (CARD) for Major Defense Acquisition Programs (MDAPs) and other Acquisition Category (ACAT) programs.

+ Manage the upkeep of a cost data repository, including cost reports, data, and finalized cost estimates.

+ Generate life cycle cost estimates covering Engineering and Manufacturing Development (EMD), production, and sustainment phases of programs.

+ Conduct evaluations of existing program cost estimates that may involve program restructuring, the introduction of new capabilities or technologies, changes in quantity, significant funding adjustments, and other necessary modifications.

+ Analyze proposals from weapon system contractors.

+ Support the formulation of Program Objective Memorandum (POM) inputs and other financial documentation.

+ Assist in the creation and ongoing updates of the program's initial CARD throughout its lifecycle.

+ Coordinate project scope, timelines, and financial objectives to objectively assess progress and evaluate contractor performance reporting data.

+ Contribute to Integrated Baseline Reviews (IBRs).

+ Engage in Defense Acquisition Executive Summaries, Milestone Reviews, Economic Analyses, Analysis of Alternatives, and External Inquiries.

Required Qualifications:

+ Bachelor’s degree with at least twenty-one (21) semester hours in quantitative analysis courses, including a minimum of three (3) semester hours in calculus.

+ A minimum of eight (8) years of relevant experience.

+ Compliance with DoD Directive, DoD Instruction, and various Air Force policies and regulations regarding cost analysis and financial management.

+ U.S. Citizenship is mandatory; ability to obtain and maintain a Secret clearance is required.

Preferred Qualifications:

+ Experience with Automated Cost Estimating Integrated Tools (ACEIT).

+ Familiarity with other estimating tools such as PRICE TruePlanning, Constructive Cost Model (COCOMO), and Oracle Crystal Ball.

+ Knowledge of Air Force maintained databases like Air Force Total Ownership Cost (AFTOC) and Reliability and Maintainability Information System (REMIS).

+ Experience with government documentation and databases that require financial management and cost data.