Parker Hannifin

Cost / Price Leader - Fluid Systems Division

Parker Hannifin • $100K — $166K *
Irvine, CA 92620In-Person
Manufacturing & Automotive
Less than 5 years of experience
3 weeks ago
Job Overview by Ladders

Qualifications

  • Bachelor's degree in finance, accounting, business, engineering, marketing, or related field; advanced degree and professional certification preferred.
  • 4 to 6 years of progressive experience in cost accounting, pricing, financial analysis, or related roles.
  • Strong knowledge of cost accounting principles and their application to product costing and pricing decisions.
  • Demonstrated experience preparing cost proposals, bids, or quotations for complex or custom products.
  • Familiarity with relevant regulatory requirements affecting cost and pricing compliance.
  • Advanced proficiency in Microsoft Excel and strong skills in ERP and financial systems; experience with BI tools is a plus.
  • Strong analytical and problem-solving skills with the ability to handle complex cost and pricing data.

Responsibilities

  • Lead the cost and price management function to drive margin expansion and support revenue growth.
  • Initiate continuous improvement initiatives for cost and price management processes and systems.
  • Partner cross-functionally to define requirements for cost and pricing systems and analytics.
  • Determine the cost of unique and complex products and ensure accuracy of cost models.
  • Develop and document detailed cost proposal rationale for bids and customer opportunities.
  • Identify key cost and pricing factors for accurate development, risk assessment, and decision-making support.
  • Analyze actual manufacturing costs and provide variance reports to improve margin and profitability.

Benefits

  • Comprehensive medical, dental, vision, and life insurance coverage with competitive premiums.
  • 401(k) plan with 100% company matching contributions on the first 5% of pay.
  • Defined-contribution retirement plan with an annual 3% pay contribution by the company.
  • Career development opportunities and tuition reimbursement available.
  • Paid parental leave and short/long-term disability programs offered.
  • Paid time off along with company-paid holidays.
Full Job Description
Position Summary

POSITION SUMMARY:

The Cost-Price Leader partners closely with management to achieve strategic pricing objectives. The role applies cost accounting principles to collect and analyze diverse and complex historical and estimated cost and pricing data. It prepares economically feasible bids and cost proposals and performs risk analysis to support business proposals. May have direct reports and is responsible for their recruitment, development, and engagement. This role generally reports to the Pricing Manager.

ESPONSIBILITIES:
  • Lead the cost and price management function for the assigned Sales Company, country, or segment to drive margin expansion and support revenue growth goals.
  • Lead continuous improvement initiatives for cost and price management processes and systems, targeting reductions in waste and cycle time while improving cost accuracy, price integrity, and overall margin realization.
  • Partner with cross-functional to define requirements and drive the deployment and enhancement of cost and pricing systems, analytics, and reporting capabilities.
  • Determine the cost of unique and complex products and services, ensuring cost models reflect current manufacturing processes and cost drivers.
  • Develop and document cost proposal rationale and detailed cost breakdowns with supporting data for bids, proposals, and major customer opportunities.
  • Identify and define key cost and pricing factors required to support accurate cost/price development, risk assessments, and management decision-making.
  • Analyze actual manufacturing costs versus standards and provide variance reports and insights to improve margin and profitability.
  • Ensure cost and pricing practices comply with applicable Federal, State, and other regulatory requirements.
  • Conduct product and market research to understand competitive cost and price positioning and incorporate findings into pricing and proposal strategies.
  • Provide cost and pricing inputs for initial customer contracts and proposals, ensuring alignment with strategic pricing objectives and margin targets.
The essential functions have been provided as examples of the type of work performed by employees assigned to this job classification. The Company reserves the right to modify the work assignments and/or to make reasonable accommodations so that qualified employees can perform the essential functions. The job description is not intended to be an all-inclusive list of duties and responsibilities. It is intended to describe the general nature of the position.

QUALIFICATIONS:
  • Bachelor's degree in finance, Accounting, Business, Engineering, Marketing, or related field. Advanced degree and professional certification (e.g., CPA, CMA) preferred.
  • 4 to 6 years of progressive experience in cost accounting, pricing, financial analysis, or related roles.
  • Strong knowledge of cost accounting principles (standard costing, variance analysis, overhead allocation, cost drivers) and their application to product costing and pricing decisions.
  • Demonstrated experience determining costs for complex or custom products and preparing cost proposals, bids, or quotations for customers.
  • Familiarity with relevant Federal, State, and other regulatory requirements affecting cost and pricing compliance (e.g., commercial contracts; government contracts if applicable).
  • Advanced proficiency in Microsoft Excel and strong skills with ERP and financial systems; experience with data/query or BI tools is a plus.
  • Strong analytical, problem-solving, and risk-assessment skills, with the ability to handle diverse and complex cost and pricing data.
  • Effective communication and collaboration skills, with the ability to partner with other functions to develop sound cost/price recommendations.
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.

Pay, Benefits, Work Schedule

Competitive Compensation
  • Pay Range: $100300 to $166900 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
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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