Lead Program Financial Analyst

Job Description

Eaton’s Aerospace Group is currently seeking a Lead Program Financial Analyst to join our team. This position is a hybrid role and can be based within 50 miles of the following Eaton Aerospace locations: Jackson, MI; Bethel, CT; Glenolden, PA; East Providence, RI; Beltsville, MD or Torrance, CA.

Eaton provides a competitive total rewards package commensurate with applicable skills, knowledge, and experience and consistent with internal and external market practices.

The annual salary range for this role is $87,200 – $119,900.

Position Overview:

The Lead Program Financial Analyst is responsible for supporting the financial activities of the Program Management and Engineering functions for the Fluid and Electrical Distribution (FED) division. 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 and local finance to understand all changes.

Making what matters work at Eaton takes the passion of every employee around the world. We create an environment where creativity, invention and discovery become reality, each and every day. It’s where bold, bright professionals like you can reach your full potential—and where you can help us reach ours.

In this function you will:

• 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 Internal Rate of Return (IRR), Net Present Value (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) lead for all North America sites ensuring timely and accurate reporting and forecasting of project spend.

When we embrace the different ideas, perspectives and backgrounds that make each of us unique, we — as individuals and as a company — are stronger.

Required (Basic) Qualifications:

• Bachelor’s degree from an accredited institution.
• Minimum of three to five (3-5) years of experience in the accounting/finance field.
• Strong technical expertise (US GAAP/IAS) in accounting and finance.
• No relocation benefit is being offered for this position. Only candidates that currently reside within 50 miles of the Jackson, MI; Bethel, CT; Glenolden, PA; East Providence, RI; Beltsville, MD or Torrance, CA facility will be considered. Active-Duty Military Service member candidates are exempt from the geographical area limitation.
• Must be authorized to work in the United States without company sponsorship now or in the future.

Preferred Qualifications:

• Bachelor’s degree in finance or accounting from an accredited institution.
• MBA from an accredited institution.
• Certified Public Accountant or Certified Management Accountant.
• Experience in or exposure to commercial/government long-term development and production contracts.
• Working knowledge of SOP 81-1 and EITF 99-5.

What you’ll get from us:

We provide benefits that are industry competitive and focused on employee well-being. Listed below are programs that are offered globally, but program availabilities may vary by site.

• Flexible work options to help balance work/life demands (at participating Eaton sites)
• Healthcare/retirement savings programs
• Competitive compensation packages to reward skills and performance
• Tuition assistance or financial help for ongoing learning and development
• Health, Dental, Vision & Wellness programs
• Donation matching (U.S., Canada, Puerto Rico)

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Eaton considers qualified applicants regardless of criminal histories, consistent with local laws. To request a disability-related reasonable accommodation to assist you in your job search, application or interview process, please call 412-893-3600 or send an email to: [email protected]

What you will get from us

Eaton’s mission is to improve the quality of life and the environment through the use of power management technologies and services. We provide sustainable solutions that help our customers effectively manage electrical, hydraulic and mechanical power – more safely, more efficiently and more reliably. Making what matters work at Eaton takes the passion of every employee around the world. We create an environment where creativity, invention and discovery become reality, each day. It’s where bold, bright professionals like you can reach your full potential—and where you can help us reach ours. Eaton’s 2020 revenues were $17.9 billion, and we sell products to customers in more than 175 countries. We have approximately 85,000 employees.

We make work exciting, engaging and meaningful for our employees through our dedication to tackling some of the toughest power management challenges on the planet and by never losing sight of what matters. Our culture is built on a strong commitment to practicing our core values and supporting our employees with the tools they need to succeed. We pledge to always foster a diverse and inclusive environment, including inclusion resource groups that bring together employees who share a common purpose, interest or background. In the past year, our company has received top employment recognition by the Human Rights Campaign and almost fifty percent of our Board of Directors represented diverse groups. When we embrace the different ideas, perspectives and backgrounds that make each of us unique, we — as individuals and as a company — are stronger.

We have demonstrated our passion for sustainability with the recent announcement of cutting carbon emissions from the company’s operations by at least 50 percent by 2030. We are ethical, passionate, accountable, efficient, transparent and committed to learning. We are confident we can deliver on our promise to improve the quality of life and the environment because of the attributes that our employees embody.

We are committed to ensuring equal employment opportunities for all job applicants and employees. Employment decisions are based upon job-related reasons regardless of an applicant's race, color, religion, sex, sexual orientation, gender identity, age, national origin, disability, marital status, genetic information, protected veteran status, or any other status protected by law.

Job: Finance/Accounting

Region: North America – US/Puerto Rico
Organization: AER FED Fluid Electrical Distribution

Job Level: Individual Contributor
Schedule: Full-time
Is remote work (i.e. working from home or another Eaton facility) allowed for this position?: Yes – Hybrid
Does this position offer relocation?: No
Travel: Yes, 10 % of the Time