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Cost/Price Analyst Specialist

Parker Hannifin Corporation

Irvine, CA 92604
  • Accounting
  • Manufacturing / Production
  • Engineering
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Parker Hannifin Corporation
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Job Details

Cost/Price Analyst Specialist

United States

Group:Aerospace Group N. America

Job Family:Finance/Economics

Job ID:17366-1A


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Parker Hannifin
Founded in 1917, Parker Hannifin Corporation is a $14.3 billion, global company.With annual sales of $14.3 billion in fiscal year 2019, Parker Hannifin is the world's leading diversified manufacturer of motion and control technologies and systems, providing precision-engineered solutions for a wide variety of mobile, industrial and aerospace markets. The company has operations in 50 countries around the world. Parker has increased its annual dividends paid to shareholders for 63 consecutive fiscal years, among the top five longest-running dividend-increase records in the S&P 500 index.Parkers engineering expertise and broad range of core technologies uniquely positions the company to solve some of the worlds greatest engineering challenges. By partnering with customers, Parker improves their productivity and profitability and seeks new ways to solve humanity's biggest challenges.
Department Marketing Statement
Parker Aerospace is a global leader in the research, design, integration, manufacture, certification, and lifetime service of flight control, hydraulic, fuel and inerting, fluid conveyance, thermal management, lubrication, and pneumatic systems and components for aerospace and other high-technology markets. The company supports the worlds aircraft manufacturers, providing a century of experience and innovation for commercial and military aircraft.
Major Duties
+ Applies specialized knowledge of cost accounting principles to collect and analyze diverse and complex historical and estimated cost and pricing data.

+ Utilizes diverse and complex databases, program knowledge, and historical data to prepare unique and complex bids proposals that are economically feasible and competitive. High level of expertise at Excel software.

+ A good understanding of the Commercial and/or Military Aftermarket. Performs risk analyses and supports negotiates business proposals.

+ Develops price proposal rationale, cost breakdowns and supporting data by determining the information required by the company and the customer. May apply new approaches, strategic pricing methods or significantly modify standard procedures.

+ Determines cost of new, unique, or complex products and services by collecting historic and estimated operational data required to price information necessary for preparation and negotiation of proposals.

+ Identifies factors required to provide price and cost information data. Provides analyses of cost data and makes recommendations to management regarding price. Analyzes complex cost data to determine projected profits or potential losses including risk analysis. Analyzes and presents alternative pricing scenarios with varying risk trade-offs.

+ Applies and leads continuous improvement initiatives to improve efficiency of systems and processes within the division and/or with corporate and customer involvement. Recommends actions by analyzing and interpreting data and making comparative analyses. Analyzes proposed changes in methods and materials.

+ Ensures compliance with federal, state and other related pricing laws, regulations and guidelines to minimize legal and financial exposure.

+ Prepares special reports by collecting, analyzing, and summarizing specialized, diverse, and complex information and trends.

+ Guides cost analysis process by providing sophisticated, in-depth analysis of information on trends and forecasts; explaining processes and techniques; and recommending actions.

+ Represents the company in high-level contract negotiations by providing information and influencing the process in the best business interest of the company. Frequently negotiates off-site in a leadership role with limited support. Negotiates major long-term agreements with suppliers.

+ Provides management with reports specifying and comparing factors affecting prices and profitability of products or services. Regularly informs and consults with top management regarding negotiating strategies for large or new business proposals.

+ Maintains customer confidence and protects operations by keeping financial information confidential.

+ Maintains professional and technical knowledge by attending educational workshops, reviewing professional publications establishing professional networks, and/or participating in professional societies.

+ Acts as consultant to management on major matters. May provide leadership to others in related functions or to business or ad-hoc teams. Leads pricing team in responding to government and customer audits. May act as functional expert. Establishes goals and objectives required to complete projects. Identifies mentoring needs. Trains and mentors less experienced employees.

+ Shares specialized knowledge with others. Represents company on specific projects. Represents the division pricing team in interdivisional projects and analyses. Contributes to team effort by accomplishing related results as needed. Work assignments may include cross-functional or project team responsibilities (e.g. continuous improvement, HPT).
Job Requirements: QUALIFICATIONS
Education and Experience

+ Bachelors degree (BA) in Accounting, Business, or related field, or an equivalent combination of education and experience which has provided both theoretical and practical knowledge in the field.

+ Demonstrated ability to perform the essential functions of the job typically acquired through eight or more years of related experience.Knowledge, Skills and Abilities

+ Advanced knowledge of accounting principles, laws, and regulations, including Cost Accounting Standards (CAS) and/or Federal Acquisition Regulations (FAR).

+ Advanced knowledge of manufacturing, engineering, fabrication and assembly methodology and associated processes. Ability to effectively assess, lead, and implement continuous improvement in critical and/or high-impact areas.

+ Proficient with automated estimating, pricing, and accounting systems, spreadsheet and database applications, and standard business applications software. Ability to read, analyze, organize, and interpret specialized, diverse, and complex estimates, price proposals, and financial reports. Ability to write reports and business correspondence. Ability to effectively communicate and present information to team members, team leaders, and top management. Ability to respond to inquiries or complaints from customers, regulatory agencies, or members of the business community. Ability to define problems, collect data, establish facts, and draw valid conclusions. Ability to effectively demonstrate team member competencies and participate in goal-setting, performance feedback, and self-development activities.TYPICAL MENTAL AND PHYSICAL DEMANDS

+ While performing the duties of this job, the employee is required to sit. The employee frequently is required to use hands to operate a computer.

+ The employee is occasionally required to stand, walk, and talk or hear. Specific vision abilities required by this job include close vision.

+ Also expected of the employee is regular attendance, the ability to work cooperatively and professionally with others and members of the public, and ability to manage multiple tasks at once.
Equal Employment Opportunity
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. U.S. Citizenship/Permanent Resident is required for most positions.(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
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