Quoting Specialist

Methode Electronics•Rolling Meadows, IL

3d•$64,200 - $96,000•Onsite

About The Position

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.

Requirements

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.

Nice To Haves

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.

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.