Parker Hannifin

Cost Estimator

Parker Hannifin • $70K — $95K *
Akron, OH 44312In-Person
Aerospace & Defense
8 - 10 years of experience
Yesterday
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Job Overview by Ladders

Qualifications

  • Bachelor's degree required; preference for Finance/Accounting/Engineering fields.
  • Eight or more years of professional experience with increasing responsibility.
  • Demonstrated leadership in project management for five or more years.
  • Strong understanding of business systems and cost controls.
  • Effective in building and maintaining customer/internal client relationships.

Responsibilities

  • Research and prepare cost estimates for various project components.
  • Document comprehensive project scope and assumptions aligned with business needs.
  • Manage project cost data documentation and track progress against estimates.
  • Collaborate with Engineering, Manufacturing, and Procurement on technical requirements.
  • Clarify project requirements in coordination with program managers and business development.
  • Maintain and review program costs and requirements for reference.
  • Chair weekly cost request reviews to prioritize new cost requests.

Benefits

  • Annual Incentive Program participation.
  • Comprehensive medical, dental, and vision coverage with competitive premiums.
  • 401(k) Plan with 100% match on the first 5% of pay.
  • Defined-contribution retirement plan with 3% annual contributions.
  • Tuition reimbursement for career development opportunities.
  • Paid parental leave and comprehensive disability programs.
  • Additional supplemental benefits including identity protection and legal assistance.
Full Job Description
Position Summary
The Cost Estimator is involved at the front end of a program and projects creating estimates for recurring and non-recurring costs to support the development of a business case and/or quote to a customer. These estimates may go through multiple iterations working with Engineering, Supply Chain, Operations, MRO and Business Development. The Cost Estimator should be capable of developing "Should Costs" for products. This would apply to both manufactured and purchased products. It is essential that this role establishes a robust database of cost to support \"off the shelf\" or \"similar to\" parts which are most of our recurring estimates. This position will also be involved in capital projects to help estimate the engineering costs, materials, labor, equipment, consulting, and travel.

Daily interaction with customer facing, operational including supply chain and manufacturing functions. Be able to organize and coordinate priorities. Work with team members at different levels and in multiple functions.

Essential Functions
  • Research and prepare cost estimates encompassing engineering costs, materials, labor, equipment, and travel as defined in the project scope.
  • Research, develop and document comprehensive project scope and assumptions that align with the business needs and customer request.
  • Manage the documentation of project cost data and track project progress against estimates for quarterly reporting.
  • Work closely with Engineering, Manufacturing, and Procurement teams to define manufacturing BOMs/Routings and technical requirements.
  • Coordinate with the business, including but not limited to, the originator (typically, program managers, business development and marketing) to clarify project requirements and ensure accurate estimates for out-of-scope work and new bids and proposals.
  • Periodic maintenance and review with PM on program ship set costs, overhaul maintenance sheets, and other requirements, to be held as a reference for ad hoc information requests.
  • Chair the weekly cost request review to provide updates and introduce new cost requests for prioritization.

Qualifications
  • Bachelor degree required with preference in Finance/Accounting/Engineering fields. An MBA or a professional designation is preferred.
  • Eight or more years of major professional accomplishments, including increasing responsibility and overall leadership of projects for five or more years. Demonstrated ability to perform the described role and responsibilities and achieve the desired results.
  • Thorough understanding of business systems and controls. Ability to control costs and effectively implement programs with impact to group-wide efforts. Highly effective and persuasive in developing and maintaining customer/internal client relationships.
Come join the Parker Aerospace Team! Our competitive package includes:

Competitive Compensation
  • 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
Drug-Free Workplace

In accordance with Parker's policies and applicable state laws, Parker provides for a drug-free workplace. Therefore, all applicants seeking employment with Parker will be subject to drug testing as a condition of employment.

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

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
Manufacturing & Automotive
Net Income
$1.4 billion
Founded
1918
5 Year Trend
+5.7%
Revenue
$13.5 billion
NASDAQ
PH
* Ladders Estimates

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