Senior Quoting & Cost Estimation Specialist

Methode Electronics; Rolling Meadows (IL); On-site; USD 64,200 - 96,000; Full time

Benefits offered by this job

Medical, Dental, Vision, Hearing, Life

Wellness program

Time off benefits

Voluntary benefits: Accident, Hospital

401(k) with company contribution

Job summary

Methode Electronics is seeking a Cost Estimator in Rolling Meadows, IL to develop detailed cost estimates for RFQs, BOMs, and specifications. You will prepare formal quote packages and analyze materials, labor, tooling, overhead, and logistics costs to determine total project cost and margins.

Collaborating with Design, Manufacturing, and Purchasing teams, you will identify cost-saving opportunities, support engineering changes, and ensure quotes align with pricing strategies and profitability

Qualifications

• Bachelor's degree in Engineering, Finance, Business, or related technical field.
• 3+ years of cost estimating or pricing analysis experience.
• Experience with 2D/3D product development solutions, SolidWorks is helpful.
• Exposure to APQP, PPAP, or automotive quality/process methods.
• Knowledge of costing software tools and Excel modeling.

Responsibilities

• Develop detailed cost estimates for 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 to identify cost-saving opportunities and manufacturability improvements.
• Work with Purchasing to obtain up-to-date supplier pricing for materials and 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 and customer expectations.
• Support change management by evaluating cost impact of engineering changes or updates.
• Ensure quotes comply with internal pricing strategies, customer requirements, and profitability goals.
• Maintain confidentiality of sensitive pricing and cost information.

Skills

Cost estimating

Quote preparation

Pricing analysis

SolidWorks

APQP/PPAP

Costing software

Excel modeling

Analytical skills

Cross-functional collaboration

Attention to detail

Education

Bachelor's degree in Engineering, Finance, Business, or related field

Tools

aPriori

Costimator

Excel models

ERP systems

MS Excel

Job description

Methode Electronics is seeking a Cost Estimator in Rolling Meadows, IL to develop detailed cost estimates for RFQs, BOMs, and specifications. You will prepare formal quote packages and analyze materials, labor, tooling, overhead, and logistics costs to determine total project cost and margins.

Collaborating with Design, Manufacturing, and Purchasing teams, you will identify cost-saving opportunities, support engineering changes, and ensure quotes align with pricing strategies and profitability