Cost / Price Leader - Fluid Systems Division

PARKER HANNIFIN CORP; Irvine (CA); On-site; USD 100,000 - 167,000; Full time

Benefits offered by this job

Medical coverage

401(k) Plan matching

Tuition reimbursement

Paid time off

Job summary

Parker Hannifin is seeking a Cost-Price Leader to partner with management and apply cost accounting to gather and analyze cost data for competitive bids and proposals. The role leads cost and price management to expand margins and support revenue growth, while guiding cross-functional teams on requirements and system enhancements.

Responsibilities include developing cost proposals, ensuring compliance with regulations, and leveraging Excel/ERP tools to drive accurate pricing decisions.

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.
• Experience determining costs for complex or custom products and preparing cost proposals, bids, or quotations for customers.
• Familiarity with regulatory requirements affecting cost and pricing compliance (e.g., government contracts).
• Advanced proficiency in Microsoft Excel and strong skills with ERP and financial systems; BI tools are a plus.
• Strong analytical, problem-solving, and risk-assessment skills; ability to handle diverse data.
• Excellent communication and collaboration skills to develop sound cost/price recommendations.

Responsibilities

• Lead the cost and price management function for the assigned Sales Company, country, or segment to drive margin expansion.
• Lead continuous improvement initiatives for cost and price management processes and systems.
• Partner with cross-functional teams to define requirements and drive deployment of cost/pricing systems, analytics, and reporting capabilities.
• Determine the cost of unique and complex products and services with cost models reflecting current processes.
• Develop and document cost proposal rationale and detailed cost breakdowns for bids and major opportunities.
• Identify key cost and pricing factors to support accurate development, risk assessments, and decisions.
• Analyze actual manufacturing costs vs standards and provide variance reports to improve margin.
• Ensure pricing practices comply with regulatory requirements.
• Conduct product and market research to understand competitive positioning and pricing strategy.
• Provide cost/pricing inputs for initial contracts and proposals aligning with margin targets.

Skills

Cost accounting

Pricing

Financial analysis

Excel

ERP systems

BI tools

Variance analysis

Risk assessment

Communication

Collaboration

Education

Bachelor's degree

Tools

ERP systems

BI tools

Job description

Position Summary

Parker Hannifin is a Fortune 250 global leader in motion and control technologies. For more than a century, the company has been enabling engineering breakthroughs that lead to a better tomorrow.

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-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.

Equal Employment Opportunity

Parker is an Equal Opportunity and Affiliated 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