Cost Engineer

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.

• 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 a daily basis.
• Other duties may be assigned

• 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.

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

• Pay Range: $69,500 to $115,000 annually
• Participation in Annual Incentive Program

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  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.

Parker is an Equal Opportunity and Aff… (Minority / Female / Disability / Veteran / VEVRAA Federal Contractor)

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.