Cost Engineer

Parker Hannifin Corp

Woburn, MA

JOB DETAILS
SALARY
$69,500–$115,000 Per Year
SKILLS
Autodesk Inventor, Bill of Materials (BOM), Change Management, Change Order Management, Communication Skills, Computer Skills, Cost Engineering, Cost Estimates, Customer Relations, ENOVIA, Electricity, Electronics, Engineering Change Order, Establish Priorities, Incentive Programs, Leading Edge Technology, Manufacturing, Manufacturing Methods, Mechanical Design, People Management, Plastic Injection Molding, Process Management, Product Costing, Product Data Management (PDM), Product Development, Product Engineering, Product/Service Launch, Retirement Plan, Sales, Service Level Agreement (SLA), Team Player, Time Management, United States Citizen
LOCATION
Woburn, MA
POSTED
22 days ago

Cost Engineer

Group: Eng Materials Group N. America

Division: Chomerics (CHO)

Location: USA WOBURN MA CHOMERICS

Job Family : Engineering

Job Type : Regular

Posted : May 22, 2026

Job ID: 65774

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Job Description

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Parker Hannifin, a Fortune 250 company, is solving the world's greatest engineering challenges and driving the future of electronics technology. Parker Chomerics is part of a world leader in the development and manufacture of high-quality products that enable engineering breakthroughs for a cleaner and more sustainable world, including thermal interface materials, EMI shielding solutions, electrical grounding products, and conductive and non-conductive injection molded plastics.

Building on 100 years in business, we strive to balance evolving our business while strengthening the communities we operate in and prioritizing our employees' well-being. We are committed to maintaining an inclusive, caring, and friendly work environment, and we support career advancement through continued education, skill development, and regional and global advancement opportunities. If you're looking for a fast-paced, collaborative environment where you can be at the cutting edge of engineering solutions, we can't wait to meet you.

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:

  • 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:

  • 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.

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.

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

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.

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About the Company

P

Parker Hannifin Corp

Parker is the global leader in motion and control technologies, precisely engineering solutions for customers around the world.
Capabilities

Parker’s engineering expertise spans the core motion technologies – electromechanical, hydraulic and pneumatic – will a full complement of fluid control systems; software and electronic controls; filtration systems; and instrumentation and sealing technologies.

The motion and control industry supports nearly all finished goods on the market today. We’re committed to helping our customers achieve higher levels of productivity. You can’t see the engineering in our products, but every day you experience the results of our work, on virtually everything that moves.

Global Strengths

With operations in more than 46 countries around the world, Parker offers many career paths and opportunities for advancement. We offer a number of hands-on training programs that enables new hires to quickly get up to speed and begin contributing to Parker’s success immediately. In addition, employees are encouraged to actively participate in professional and industry- related organizations.

Company facts

With annual sales exceeding $10 billion, Parker is the world’s leading diversified manufacturer of motion and control technologies and systems, providing precision- engineered solutions for a wide variety of commercial , mobile, industrial and aerospace markets. Parker has increased its annual dividends paid to shareholders for 54 consecutive years, among the top five longest- running dividend-increase records in the S&P 500 index. For more information, visit the company’s website at http://www.parker.com , or its investor information site at http://www.phstock.com

COMPANY SIZE
10,000 employees or more
INDUSTRY
Manufacturing - Other
FOUNDED
1918
WEBSITE
https://www.parker.com