Lead Analyst, Engineering Finance

Eaton Corporation • Beachwood, OH

3d • $97,000 - $143,000 • Hybrid

About The Position

Eaton Corporation is hiring a Lead Analyst - Engineering Finance to support the Corporate Innovation Center in a hybrid role based in Beachwood, Ohio. The position acts as a finance business partner to the US Corporate Innovation Center Engineering Team and supports program finance activities, including project planning, forecasting, accounting, financial reviews, and compliance.

The analyst partners with global business and engineering leaders on month-end close, monthly forecasting, annual profit planning, project portfolio planning, and financial reporting. The role oversees project accounting and supports accurate recording and reconciliation of project costs, revenue, and related transactions across financial systems. It also provides guidance throughout the project lifecycle on setup, cost treatment, revenue recognition, labor rates and absorption, timekeeping compliance, and financial impacts.

The position supports global consolidation and transfer pricing activities, investigates spending variances, communicates financial risks and improvement opportunities, and contributes to process improvements through tools, automation, and standardization. The expected annual salary range is $97,000 to $143,000. Applicants must currently reside within 50 miles of Beachwood, Ohio, except active-duty military service member candidates. Eaton does not offer relocation benefits or employment immigration sponsorship or support for this position.

Requirements

• Bachelor's degree in Finance, Accounting, or Business Administration from an accredited institution.
• At least three years of accounting experience.
• Proficiency with Excel.
• Understanding of Sarbanes-Oxley and Eaton accounting policies and procedures.
• Attention to detail and sound analytical skills, including the ability to interpret and communicate financial information.
• Ability to convey key risks, drivers, and details in reports and communications consistent with previously reported data.
• Team-oriented and flexible, with the ability to work closely with all levels of management.
• Effective communication with financial and non-financial colleagues to support business partnering at multiple organizational levels.
• Business process improvement focus.
• Excellent professional written and oral communication skills.
• Ability to work under pressure and meet deadlines.
• Must reside within 50 miles of Beachwood, Ohio; active-duty military service member candidates are exempt from this geographic limitation.
• Must not require employment immigration sponsorship or support from Eaton.

Responsibilities

• Collaborate with global business leads on month-end closing, monthly forecasting, and the annual profit plan for Corporate Innovation Center segments.
• Develop global project-based spending reports covering engineering time, labor, materials, services, and revenue.
• Partner with senior engineering leadership and program management to plan and forecast the global project portfolio.
• Oversee the project accounting system, ensuring project costs are properly recorded and reconciled to the general ledger.
• Coordinate monthly forecasts and annual profit plans by preparing and reviewing department budgets, analyzing spending trends, tracking headcount, calculating allocations, completing reports, and preparing presentations for US and global sites.
• Serve as the primary finance partner to engineering teams, advising on project setup, cost treatment, revenue recognition, labor rates, labor absorption, timekeeping compliance, and financial impacts.
• Represent Finance in program reviews and ensure financials are accurately prepared, audited, and reviewed.
• Ensure program financials are properly recorded in ProPM and reconciled with financial systems.
• Coordinate transfer-pricing transactions between regions and the tax department based on intellectual property ownership, and ensure regions properly record and invoice global engineering spending.
• Analyze performance drivers and spending variances, conduct root-cause analysis, and communicate financial results and improvement opportunities to budget leads.
• Provide FP&A support for global consolidation, including forecasting, month-end close, profit planning, and ad hoc financial analysis and reporting.
• Improve financial processes through tools, systems, automation, and standardization, and cross-train with other division finance analysts.

Benefits

• Eaton offers health and welfare benefits, retirement benefits, and programs providing paid and unpaid time away from work; availability may depend on eligibility factors.

What This Job Offers

• Job Type: Full-time
• Career Level: Senior