Eaton Corporation has an opening for a Lead Analyst - Engineering Finance supporting the Corporate Innovation Center. The primary function of the Lead Financial Analyst role is to act as a business partner to the US Corporate Innovation Center Engineering Team. The role supports all program finance activities including project planning, forecasting, accounting, reviews, and compliance support. This will be a hybrid position sitting in Beachwood, OH.
The expected annual salary range for this role is $97000 - $143000 a year.
Please note the salary information shown above is a general guideline only. Salaries are based upon candidate skills, experience, and qualifications, as well as market and business considerations.
What you'll do:- The Lead Financial Analyst works collaboratively with global business leads to complete the month-end closing, coordinate the monthly forecast, and develop the annual profit plan for the Corporate Innovation Center Segments.
- Responsible for supporting the global engineering teams by developing global project based spending reports that include engineering time, labor, material, services, and revenue. Works collaboratively with Senior Engineering Leadership and the program management function to plan and forecast the global project portfolio.
- Oversees the project accounting system to ensure that all project costs are properly recorded and reconciled to the general ledger.
- Coordinates the monthly forecast and annual profit plan by preparing department budgets, reviewing budgets for consistency and completion, analyzing spending trends, tracking headcounts, calculating allocations, completing reporting, and preparing presentations for both US and Global sites.
- Serve as the primary finance partner to engineering teams, providing guidance on project setup, cost treatment, revenue recognition, labor rates, labor absorption, timekeeping compliance, and financial impacts to support informed decision-making across the project lifecycle.
- Represents the finance function in program reviews to ensure that financials are accurately prepared, audited and reviewed.
- Ensures that program financials are properly recorded in ProPM and tied out to the financial systems.
- Coordinates the transfer pricing transactions between the regions and tax department based on intellectual property ownership. Ensures regions are properly recording and invoicing global engineering spending.
- Analyzes key performance drivers to investigate spending variances. Performs root cause analysis to resolve problems. Interprets financial results and communicates opportunities for improvement to budget leads.
- Provide FP&A support for the global consolidation of the Corporate Innovation Center, including forecasting, month-end close, profit planning, and other ad hoc financial analysis and reporting requests.
- Works in a team environment to drive improvement in financial processes through tools/systems, automation, and standardization. Cross-train with other analysts to build skills and experience across the division finance team.
Qualifications:Required Basic Qualifications:- Bachelor's Degree in Finance, Accounting or Business Administration from an accredited institution.
- Minimum of three (3) years of accounting experience.
- Eaton will not consider applicants for employment immigration sponsorship or support for this position. This means that Eaton will not support any CPT, OPT, or STEM OPT plans, F-1 to H-1B, H-1B cap registration, O-1, E-3, TN status, I-485 job portability, etc.
- No relocation benefit is offered for this position. Only candidates currently residing within the immediate geographical area (within 50 miles) of Beachwood, OH will be considered for this position. Active-Duty Military Service member candidates are exempt from the geographical area limitation.
Technical Knowledge:- Proficiency with Excel.
- Understanding of Sarbanes-Oxley and other Eaton accounting policies and procedures.
Skills:- Must have attention to detail and sound analytical skills, ability to interpret/communicate financial information.
- Must be able to see detail and big picture so that resulting communications and reports describe key risks and drivers as well as details and are prepared and presented in a manner consistent with previously reported data.
- Team-oriented, flexible, must be able to work closely with all levels of management.
- Requires ability to communicate effectively with financial and non-financial colleagues to drive business partnering relationship at multiple levels of the organization.
- Business process improvement focus required to drive deployment of world class processes.
- Excellent professional written and oral communication skills.
- Must work well under pressure and be good at meeting deadlines.
All positions may require participation in video and in-person interviews as part of the hiring process. All candidates will be evaluated based on job-related competencies, and all candidates' privacy rights and data security will be protected in accordance with applicable laws.
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Eaton believes in second chance employment. Qualified applicants with arrest or conviction history will be considered regardless of their arrest or conviction history, consistent with the Los Angeles County Fair Chance Ordinance, the California Fair Chance Act and other local laws.
You do not need to disclose your conviction history or participate in a background check until a conditional job offer is made to you. After making a conditional offer and running a background check, if Eaton is concerned about conviction that is directly related to the job, you will be given the chance to explain the circumstances surrounding the conviction, provide mitigating evidence, or challenge the accuracy of the background report.
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We know that good benefit programs are important to employees and their families. Eaton provides various Health and Welfare benefits as well as Retirement benefits, and several programs that provide for paid and unpaid time away from work. Click here for more detail: Eaton Benefits Overview. Please note that specific programs and options available to an employee may depend on eligibility factors such as geographic location, date of hire, and the applicability of collective bargaining agreements.
