Parker Hannifin

Cost Engineer

Parker Hannifin$69K — $115K *
Manufacturing & Automotive
Less than 5 years of experience
Job Overview by Ladders

Qualifications

  • Bachelor's Degree in Engineering required
  • 0-2+ years' experience in a manufacturing environment
  • Mechanical design and Inventor experience preferred
  • Excellent communication and computer skills
  • Experience with Product Data Management software preferred, specifically Enovia
  • Must be a US Citizen or have US Permanent Resident Status

Responsibilities

  • Develop timely and accurate cost data for products
  • Create product structures and manufacturing methods
  • Assess feasibility of customer Requests for Quote
  • Maintain item masters for new and existing products
  • Ensure compliance with Engineering Change Order processes
  • Provide cost data for customer quotes quickly
  • Guide customers on design concepts and manufacturing capacity

Benefits

  • Comprehensive health coverage including medical, dental, and vision
  • 401(k) Plan with 100% matching contributions up to the first 5% of pay
  • Defined-contribution retirement plan with 3% annual contribution
  • Career development and tuition reimbursement offered
  • Paid parental leave and short/long-term disability programs
  • Additional perks like financial planning assistance and Care.com membership
  • Paid Time Off and company holidays available
Full Job Description
Position Summary

Provide cost estimates and create product structures for new and existing products. Maintains item masters for assigned products. Provides cost information for customer quotations.

Responsibilities

Responsibilities:
  • Develop timely and accurate cost data and technical information for new and existing products.
  • Develop product structures/manufacturing methods for new and existing products.
  • Assess customer Requests for Quote for feasibility and Quality Note implications.
  • Create item masters for new products and maintain item masters for existing products.
  • Ensure Engineering Change Order and Management of Change processes have been followed before implementing changes to Bills of Material and Item Masters.
  • Provide cost data for customer quotes within defined service level agreement times (Quote P75)
  • Review and ensure effective use of materials, tools, equipment and production personnel to reach target cost/price for all division products.
  • Act as engineering liaison and provide guidance to customers regarding design concepts and specifications to best utilize division equipment and manufacturing capacity.
  • Release new products to the actual production runs.
  • Up-front involvement with business units on manufacturing approach required to reach target cost/price.
  • Provide advice and counsel on technical issues.
  • Interact with customers and suppliers, as well as manufacturing, engineering and sales personnel on daily basis.
  • Other duties may be assigned
Qualifications

Qualifications:
  • Bachelor's Degree in an Engineering discipline required.
  • 0-2+ years' experience in a manufacturing environment required.
  • Mechanical design, Inventor experience or any other preferred.
  • Must have excellent communication and computer skills.
  • Product Data Management software experience preferred, Enovia
  • Must be a US Citizen or have US Permanent Resident Status.
Conditions of Employment

This position is subject to meeting U.S. export compliance and/or U.S. Government contracting citizenship eligibility requirements.

Pay, Benefits, Work Schedule

Competitive Compensation
  • Pay Range: $69500 to $115000 annually
  • Participation in Annual Incentive Program
Benefit & Retirement Plans

Parker offers competitive benefit programs, including:
  • Comprehensive coverage for medical, prescription drugs, dental, vision, voluntary optional life, accident insurance, hospital indemnity insurance and critical illness insurance with competitive premium cost.
  • 401(k) Plan with company matching contributions at 100% of the first 5% of pay.
  • Company provided defined-contribution retirement plan with annual contribution equal to 3% of pay.
  • Career development and tuition reimbursement.
  • Other benefits including paid parental leave, short and long-term disability programs, adoption assistance, a Care.com membership and financial planning assistance are provided at no cost to you.
  • Supplemental benefit programs including identity protection, legal protection, and pet wellness are available at competitive rates.
  • Paid Time Off and Company-Paid Holidays.

About Parker Hannifin

Parker Hannifin is a diversified manufacturer of motion and control technologies and systems, providing precision-engineered solutions for a wide variety of commercial, mobile, industrial, and aerospace markets. They are also demonstrating how their interconnected portfolio of motion and control technologies is critical to enabling a cleaner and sustainable world.

Parker Hannifin Careers

Join the vibrant team at Parker Hannifin, a global leader in motion and control technologies, and be part of a company known for its innovative approach and commitment to excellence. At Parker Hannifin, we offer a wide range of job opportunities that allow professionals to advance their careers in an environment that fosters growth, leadership, and diversity.

Work You’ll Do

At Parker Hannifin, every position contributes to our mission of solving the world’s greatest engineering challenges. Our team is composed of highly skilled professionals dedicated to pushing the boundaries of technology and innovation. Whether you are looking for a full-time position, an internship, or a leadership role, Parker Hannifin has a place for you.

Innovate and Lead

Embrace the opportunity to lead projects that redefine industry standards. Parker Hannifin is at the forefront of technological innovation, and our employees are the driving force behind our success. With a culture that values diversity and creative problem-solving, you will work alongside some of the brightest minds in the industry.

Grow Your Career

Parker Hannifin is committed to the professional growth of our employees. With comprehensive training programs and a focus on career development, we ensure that our team members have the resources they need to succeed. Our commitment to professional development is matched by our dedication to promoting from within, providing a clear path for career advancement.

Be Part of a Great Team

Our team at Parker Hannifin is our greatest asset. We pride ourselves on a culture that promotes teamwork, respect, and collaboration. With a global network of professionals, the opportunities for networking and cross-functional collaboration are vast. Join us and be part of a team that is making a difference in the world.

Benefits and Culture

Parker Hannifin offers a competitive benefits package that supports the health, well-being, and financial security of our employees and their families. From health insurance to retirement plans, we provide the benefits that help you live a healthier and more secure life. Our inclusive culture encourages involvement and offers various channels for employees to express their ideas and insights.

Explore Job Opportunities

Are you ready to take the next step in your career? Explore the exciting job opportunities at Parker Hannifin. From engineering to marketing, and from sales to customer service, we have positions that match a wide range of skills and interests. - **Search Parker Hannifin Jobs**: Find open positions that align with your skills and career goals. We are continuously hiring and looking for new talent to join our dynamic team. - **Prepare Your Application**: Tailor your resume and prepare for your interview with us. Show us how your experience and skills make you the perfect fit for Parker Hannifin. - **Internship Programs**: Gain hands-on experience and build your professional network through our internship programs. These opportunities are designed to give you a solid foundation in your chosen field.

Stay Connected

- **Join Our Team**: Stay ahead with career tips, insider perspectives, and industry-leading insights you can put to use today—all from the people who work here. - **Career Development**: Engage in ongoing learning and development programs to enhance your skills and boost your career prospects. - **Job Alert Emails**: Personalize your subscription to receive job alerts, latest news, and insider tips tailored to your preferences. Discover the exciting and rewarding opportunities that await at Parker Hannifin. At Parker Hannifin, we are not just offering jobs; we are offering careers that make a global impact. Join us and be part of a legacy of leadership, innovation, and diversity.
Learn more about Parker Hannifin
Size
54,640 employees
Market Cap
$37.5 billion
Industry
Net Income
$1.4 billion
Founded
1918
5 Year Trend
+5.7%
Revenue
$13.5 billion
NASDAQ

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