What are the responsibilities and job description for the Cost Estimator position at Parker Hannifin?
Org Marketing Statement
At Parker Aerospace, we develop technologies and innovative solutions that enable reliable, efficient and increasingly sustainable flight for the lifecycle of the aircraft, including aftermarket support. Our passionate people with deep engineering expertise, together with our breadth of differentiated technologies, ensure that we make the extraordinary happen and continue to shape the future of aviation in partnership with our customers.
As a member of our team, you are instrumental in fulfilling our mission: 'Enabling Engineering Breakthroughs that Lead to a Better Tomorrow.' Pursuing a career at Parker presents unlimited opportunities for both professional and personal development. Working with some of the most brilliant minds in the industry, your contributions will be pivotal in developing innovative technologies and products, significantly contributing to Parker’s goal of addressing the world’s most pressing engineering challenges. At Parker, our team members belong, matter and make a difference.
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
Competitive Compensation
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.
Equal Employment Opportunity
Parker is an Equal Opportunity and Affirmative Action Employer. Parker is committed to ensuring equal employment opportunities for all job applicants and employees. Employment decisions are based upon job related reasons regardless of race, ethnicity, color, religion, sex, sexual orientation, age, national origin, disability, gender identity, genetic information, veteran status, or any other status protected by law. However, U.S. Citizenship, Permanent Residency or other appropriate status is required for certain positions, in accord with U.S. import & export regulations.
(“Minority / Female / Disability / Veteran / VEVRAA Federal Contractor”)
If you would like more information about Equal Employment Opportunity as an applicant under the law, please go to Employees & Job Applicants | U.S. Equal Employment Opportunity Commission
At Parker Aerospace, we develop technologies and innovative solutions that enable reliable, efficient and increasingly sustainable flight for the lifecycle of the aircraft, including aftermarket support. Our passionate people with deep engineering expertise, together with our breadth of differentiated technologies, ensure that we make the extraordinary happen and continue to shape the future of aviation in partnership with our customers.
As a member of our team, you are instrumental in fulfilling our mission: 'Enabling Engineering Breakthroughs that Lead to a Better Tomorrow.' Pursuing a career at Parker presents unlimited opportunities for both professional and personal development. Working with some of the most brilliant minds in the industry, your contributions will be pivotal in developing innovative technologies and products, significantly contributing to Parker’s goal of addressing the world’s most pressing engineering challenges. At Parker, our team members belong, matter and make a difference.
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.
- 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.
Competitive Compensation
- 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 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
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.
Equal Employment Opportunity
Parker is an Equal Opportunity and Affirmative Action Employer. Parker is committed to ensuring equal employment opportunities for all job applicants and employees. Employment decisions are based upon job related reasons regardless of race, ethnicity, color, religion, sex, sexual orientation, age, national origin, disability, gender identity, genetic information, veteran status, or any other status protected by law. However, U.S. Citizenship, Permanent Residency or other appropriate status is required for certain positions, in accord with U.S. import & export regulations.
(“Minority / Female / Disability / Veteran / VEVRAA Federal Contractor”)
If you would like more information about Equal Employment Opportunity as an applicant under the law, please go to Employees & Job Applicants | U.S. Equal Employment Opportunity Commission