Program Finance Analyst

Eaton Corporation•East Providence, RI

13h

About The Position

This position is responsible for supporting the financial activities of the Program Management and Engineering functions for the Fluid and Electrical Distribution (FED) division, based in Jackson, MI. These responsibilities include, but are not limited to, program financial measurement and reporting, contract accounting, supporting new business proposals, and business partnering with engineering and program management to analyze and report cost drivers and spend activities for strategic development programs and R&D investments. This position will ensure that the tracking, reporting, and forecasting of Gross R&D and program expenses is completed on a monthly basis, and will work with the program managers, engineering, and local finance to understand all changes. Monitor and communicate the program management spend for the division and provide the department with interpretation of variances from plan, forecast, or baseline targets Prepare monthly report out on all major programs. Including updates on IRR, NPV, shipset cost, and all spending variance analysis. Business partner with program managers to control costs, maximize revenue from scope changes, ensure milestone invoices are raised promptly, mitigate risks and manage the budget. Complete Estimate to Complete calculations (ETC) when required by the contract and ensure these are reviewed and approved by division management Be an active participant in the pro-launch process and specifically support Pro-launch gate reviews and provide all necessary financial analysis in a timely fashion. Assist in the preparation of strategic plans, annual profit plans, and monthly rolling forecasts for all major programs and for the Gross R&D budget within a portfolio of plants and programs. Support proposal management by participating in the development of financial analysis for all new program business proposals, capital investments, and potential new product endeavors. Assist Engineering and Program Management in the identification of financial risks and developing mitigation plans. Identify opportunities for and implement improvements to PMO processes. This will include active participation in multiple cross-functional teams. Serve as Oracle Time & Labor (OTL) support for all NA sites ensuring timely and accurate reporting and forecasting of project spend. Partner with Engineering to forecast and report progress on IR&D and Sustaining spend.

Requirements

Bachelor's degree from an accredited university required
Minimum of two (2) year of Cost Accounting experience in a Manufacturing environment required
Minimum of three (3) years of Finance experience required
This position requires access to export-controlled information. To conform to U.S. Government export regulations applicable to that information, applicant must be a U.S. person, defined as a (i) U.S. citizen or national, (ii) U.S. lawful, permanent resident (green card holder), (iii) refugee under 8 U.S.C. § 1157, or (iv) asylee under 8 U.S.C. § 1158.
No relocation benefit is being offered for this position. Only candidates that currently reside within 50-miles of a FED US facility (Jackson, MI, Torrance, CA, Rumford, RI, Bethel, CT, Glenolden, PA, or Beltsville, MD, Middlesex, NC, Beachwood, OH) will be considered. Active-Duty Military Service member candidates are exempt from the geographical area limitation.
Must be able to work in the United States without corporate sponsorship now and within the future
MBA/CPA/CMA
Strong technical expertise (US GAAP/IAS) in accounting and finance, specifically in application to commercial/government long-term development and production contracts.
Experience in leading teams and managing multiple projects.
Demonstrated strong verbal, written, and interpersonal skills with ability to establish effective cross-functional relationships.
Proven leadership and possession of problem solving skills.
Knowledge of computerized accounting systems to include word processing, spreadsheet software and integrated ERP / accounting systems (ie, Excel, Word, Powerpoint)
Working knowledge of SOP 81-1 and EITF 99-5

Responsibilities

program financial measurement and reporting
contract accounting
supporting new business proposals
business partnering with engineering and program management to analyze and report cost drivers and spend activities for strategic development programs and R&D investments
tracking, reporting, and forecasting of Gross R&D and program expenses is completed on a monthly basis
Monitor and communicate the program management spend for the division and provide the department with interpretation of variances from plan, forecast, or baseline targets
Prepare monthly report out on all major programs. Including updates on IRR, NPV, shipset cost, and all spending variance analysis
Business partner with program managers to control costs, maximize revenue from scope changes, ensure milestone invoices are raised promptly, mitigate risks and manage the budget
Complete Estimate to Complete calculations (ETC) when required by the contract and ensure these are reviewed and approved by division management
Be an active participant in the pro-launch process and specifically support Pro-launch gate reviews and provide all necessary financial analysis in a timely fashion
Assist in the preparation of strategic plans, annual profit plans, and monthly rolling forecasts for all major programs and for the Gross R&D budget within a portfolio of plants and programs
Support proposal management by participating in the development of financial analysis for all new program business proposals, capital investments, and potential new product endeavors
Assist Engineering and Program Management in the identification of financial risks and developing mitigation plans
Identify opportunities for and implement improvements to PMO processes
Serve as Oracle Time & Labor (OTL) support for all NA sites ensuring timely and accurate reporting and forecasting of project spend
Partner with Engineering to forecast and report progress on IR&D and Sustaining spend