Quoting Specialist

Methode Electronics Inc.; Rolling Meadows, Northern (IL, KY); Hybrid; USD 64,000 - 96,000; Full time

Benefits offered by this job

Medical insurance

Dental insurance

Vision insurance

Hearing insurance

Life & Disability insurance

Wellness program

Time off benefits

401(k) plan with company contribution

Job summary

Methode Electronics Inc. is seeking a Cost Estimator in Rolling Meadows, IL to develop detailed cost estimates from RFQs, drawings, BOMs, and specs.

You will prepare formal quote packages with pricing breakdowns and assumptions, and analyze costs to hit margin targets. You will collaborate with Design and Manufacturing Engineering to identify cost-saving opportunities, work with Purchasing for supplier pricing, and maintain historical data for continuous improvement.

Qualifications

• Bachelor's degree in Engineering, Finance, Business, or related field.
• 3+ years cost estimating, quote prep, or pricing analysis.
• Experience with 2D/3D development tools (SolidWorks) helpful.
• Exposure to APQP, PPAP automotive quality processes.
• Knowledge of costing software such as aPriori or Costimator.

Responsibilities

• Develop detailed cost estimates from RFQs, drawings, BOMs and specifications.
• Prepare formal quote packages with pricing breakdowns and assumptions.
• Analyze materials, labor, tooling, overhead and logistics costs for total project cost and margin targets.
• Collaborate with Design and Manufacturing Engineering to identify cost-saving and manufacturability improvements.
• Work with Purchasing to obtain up-to-date supplier pricing for materials and outsourced services.
• Track and maintain historical cost data and quoting templates for continuous improvement.
• Participate in design reviews and costing meetings to align estimations with feasibility.
• Support change management by evaluating cost impact of engineering changes or updates.
• Ensure all quotes comply with pricing strategies, customer requirements, and profitability goals.
• Maintain confidentiality of sensitive pricing and cost information.

Skills

Cost estimating

Pricing analysis

Collaboration

Attention to detail

Communication

Education

Bachelor's degree

Tools

aPriori

Costimator

Excel

ERP systems

Job description

Position Responsibilities

• Develop detailed cost estimates for our solutions based on customer RFQs, engineering drawings, BOMs, and specifications.
• Prepare formal quote packages including pricing breakdowns, assumptions, and supporting documentation.
• Analyze materials, labor, tooling, overhead, and logistics costs to determine total project cost and margin targets.
• Collaborate with Design and Manufacturing Engineering teams to identify cost‑saving opportunities and manufacturability improvements.
• Work with the Purchasing team to obtain up-to-date supplier pricing for raw materials, custom components, and outsourced services.
• Track and maintain historical cost data and quoting templates for continuous improvement and benchmarking.
• Participate in design reviews and costing meetings to align estimations with technical feasibility and customer expectations.
• Support change management by evaluating cost impact of engineering changes or customer updates.
• Ensure all quotes comply with internal pricing strategies, customer requirements, and profitability goals.
• Maintain confidentiality of sensitive pricing and cost information.
• Other duties as assigned.

Qualifications

• Bachelor's degree in Engineering, Finance, Business, or a related technical field.
• 3+ years of experience in cost estimating, quote preparation, or pricing analysis.
• Experience with 2D and 3D product development solutions helpful, especially SolidWorks.
• Exposure to APQP, PPAP, or other automotive quality and program management processes.
• Knowledge of costing software or tools such as aPriori, Costimator, or custom Excel models.
• Strong analytical skills with keen attention to detail and accuracy.
• Excellent communication skills and the ability to collaborate across departments.

Preferred Qualifications

• Experience in cost estimating, quote preparation, or pricing analysis, in the manufacturing sector.
• Proficiency with ERP systems, cost modeling tools, and MS Excel (advanced).
• Knowledge of manufacturing processes such as stamping, forming, machining, powder‑coating, plating, and final assembly.
• Familiarity with electrical, mechanical, and metallurgical terminology and processes.
• Experience working with Tier 1 or Tier 2 automotive suppliers and/or experience working in the Military or Aerospace industries.
• Ability to read and interpret engineering drawings and technical specifications.

Salary and Pay

The base pay hiring rate expected for this position is: $64,200 - $96,000.

Work Environment

The work environment characteristics described here are representative of those an employee encounters while performing the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

Physical Demands

The physical demands described here are representative of those that must be met by an employee to successfully perform the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

Benefits and Perks

• Methode offers US employees Medical, Dental, Vision, Hearing, Life & Disability insurance, a wellness program, and time off benefits.
• Voluntary benefit plans include Accident, Hospital Indemnity and Pet Insurance.
• Methode provides an Employee Assistance Program, and participation in the Company’s 401(k) plan which includes a company contribution.
• Base pay offered may vary depending on multiple individualized factors, including market location, job-related knowledge, skills, and experience.

Hourly employees will also be paid overtime pay when working qualifying overtime hours.

Equal Opportunity Employer Statement

Methode Electronics is an equal opportunity employer. We evaluate qualified applicants without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, veteran status, genetic information and other legally protected characteristics per the EEO Poster available here.

If you need a reasonable accommodation because of a disability for any part of the employment process, please send an e-mail to [e-mail] or call [phone] and let us know the nature of your request and your contact information.

About Methode Electronics

Methode Electronics is a leading developer of custom‑engineered and application‑specific products and solutions utilizing the latest technologies. From magnetic signature sensing of mechanical and electrical properties to the revolutionary solid‑state touch‑sensitive switches used in today's appliances and automobiles, Methode's extensive toolbox of technical solutions help our customers differentiate their products. Our regional design and customer support centers, coupled with manufacturing campuses in the Americas, Europe, and Asia allow Methode to bring a total business solution to customers worldwide. We leverage the talents of our over 5,000 employees to serve a diversified group of customers in four market areas: User Interfaces, Sensor and Switches, Power and Data. Methode helps customers win in their end markets by providing an unmatched combination of customer focus, differentiated technology, problem solving and world‑class manufacturing.