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Parker Hannifin · 6 days ago

Cost Engineer

Woburn, MA

Full-time

Onsite

Entry, Mid Level

$83K/yr - $139K/yr

2+ years exp

Parker Hannifin, a global supplier of EMI shielding and thermal interface materials, is seeking a Cost Engineer to develop cost estimates and product structures for new and existing products. The role involves cross-functional collaboration with various departments to support part and tooling design and manage production release activities.

HardwareIndustrial ManufacturingManufacturing

No H1B

U.S. Citizen Only

Responsibilities

Develop timely, accurate cost estimates and technical data for new and existing products

Create and maintain product structures, item masters, and PDM Bills of Material; ensure traceability from prototype to production

Evaluate customer RFQs for manufacturing feasibility and quality implications; provide cost inputs for quotations (meet Quote P75 SLA)

Define manufacturing methods and collaborate on tooling specification/design (dies, fixtures, jigs, inspection tooling)

Ensure Engineering Change Order (ECO) and Management of Change (MOC) processes are followed before updating BOMs and item masters

Support production release activities and manage New Part Orders to meet ship dates

Review material, equipment, tooling, and labor usage to achieve target cost/price

Act as technical liaison with customers and suppliers; provide guidance on design concepts to best utilize division capabilities

Assist in preparing production drawings and documentation to industry standards (ANSI, CES)

Manage multiple concurrent projects; coordinate with Planners, Process, Quality, Tool Shop, and Manufacturing

Provide advice on technical and cost issues and contribute to cross‑functional project teams

Perform other duties as assigned

Qualification

Cost estimationBOM/PDM systemsMechanical engineeringGD&TSix Sigma2D/3D CADVerbal communicationWritten communicationCross-functional collaborationProject management

Required

Bachelor's degree in an engineering discipline required

2-4 years experience in a manufacturing or engineering design environment required

Experience with BOM/PDM systems and maintaining item masters

Knowledge of mechanical/electrical manufacturing processes (molding, forming, joining, machining, complex assembly)

Practical understanding of tooling requirements and tool construction for production

Experience with 2D/3D CAD environments; strong computer skills

Excellent verbal and written communication skills; proven cross‑functional collaboration

Ability to prioritize, manage multiple projects, and meet tight timelines

Must be a U.S. citizen or hold U.S. Permanent Resident status

Willingness to work in a fast‑paced, production‑oriented environment

Preferred

mechanical engineering preferred

Familiarity with GD&T, tolerance stack‑up, SPC, DOE, and Six Sigma techniques preferred

Benefits

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.