Economic Controls Manager

About the position

We are seeking an experienced Economic Controls Manager to oversee the financial planning, budgeting, and cost management of propulsion systems programs, including engines, transmissions, and electric powertrains. In this role, you will be responsible for ensuring that projects are financially managed to meet organizational goals, while optimizing costs and ensuring adherence to financial guidelines.

Responsibilities

• Develop and manage budgets for propulsion systems projects, ensuring alignment with company goals and financial constraints.
• Analyze costs associated with propulsion system production, identifying areas for cost reduction or efficiency improvements.
• Provide financial forecasts for projects, monitor financial performance, and prepare regular financial reports for senior management.
• Work closely with engineering, production, and other departments to ensure financial targets are met while maintaining high technical standards.
• Track and analyze the financial performance of ongoing programs, identifying potential risks or issues and taking corrective action where necessary.
• Identify potential financial risks and work with the project management team to mitigate these risks early in the project lifecycle.
• Continuously evaluate and improve financial processes and tools to enhance efficiency and accuracy across propulsion systems projects.
• Mentor team members and provide training on best practices.

Requirements

• Master's degree in Engineering from an ABET-accredited program (or equivalent).
• 2+ years of experience in financial management within the automotive or engineering sector, particularly with propulsion systems (engines, transmissions, or electric powertrains).
• Strong knowledge of financial analysis, budgeting, and cost management principles.
• Ability to collaborate with cross-functional teams and communicate financial information effectively.
• Solid understanding of the technical aspects of propulsion system development and production.
• Exceptional analytical, problem-solving, and decision-making skills.
• Proficiency in financial software, spreadsheets, data analysis tools; SAP or other ERP systems.
• Experience in project management and financial oversight of large-scale automotive projects.