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Engineering Change Analyst

3 months ago

Woburn, United States Symbotic Full time

Engineering Change Analyst

Time type: full time

Posted on: August 06, 2024

Job requisition id: R3802

What we need 

We are seeking a detail-oriented and experienced Engineering Change Analyst to strengthen our team. In this critical role, you will be responsible for assessing the financial implications of engineering changes and identifying cost-effective solutions. Your expertise in both finance and engineering will be instrumental in ensuring the profitability of our current and future projects. You will collaborate with engineering leads and other departments to assess and communicate the financial impact on both current and future projects. 

What we do 

The finance costing and project reporting team plays a crucial role in ensuring the financial health of projects within an organization. Their responsibilities typically encompass a range of activities related to project costs, budget management, and financial reporting.   

What you’ll do 

Engineering Change Management: Support engineering leads by managing the engineering change process, ensuring all changes are documented, evaluated, and communicated effectively. Cost Analysis: Conduct detailed financial analysis of engineering changes, accurately estimating their cost impact and providing actionable insights to management. Cost Management: Monitor and manage costs associated with engineering updates, ensuring alignment with budgetary constraints and financial objectives. Assess Impact: Evaluate the impact of engineering changes on current and future projects to ensure informed decision-making, emphasizing accurate estimation of financial and operational impacts. Collaboration: Work with engineering, procurement, and operations teams to understand the financial implications of proposed changes and support cost-effective solutions. Reporting: Prepare and present financial reports, highlighting the impact of engineering changes on overall project costs and company financials. Budgeting and Forecasting: Assist in the preparation of budgets and forecasts related to engineering changes, based on thorough impact assessments. Risk Assessment: Identify potential financial risks associated with engineering changes and develop mitigation strategies to manage these risks effectively. Process Improvement: Continuously evaluate and improve processes related to engineering change management and cost analysis to ensure efficiency and accuracy. Up to 10% travel may be requested 

What you’ll need 

Education: Bachelor’s degree in Engineering, Business, Finance, or a related field. Experience: Minimum of 5 years' experience in a related role, preferably within a technology or engineering environment. Project Management Skills: Strong project management skills, with experience managing the financial aspects of engineering changes and accurately estimating project impacts. Technical Skills: Proficiency in financial modeling, cost analysis, and accounting principles. Experience with SAP or other ERP systems, as well as familiarity with PLM (Product Lifecycle Management) systems, including reading and working with Bills of Materials (BOMs). Organizational Skills: Exceptional organizational abilities to effectively manage the volume of engineering changes across multiple projects. Analytical Skills: Strong analytical and problem-solving skills, with the ability to interpret complex data and make informed decisions. Communication: Excellent verbal and written communication skills, with the ability to present technical information clearly to non-engineering stakeholders. Collaboration: Proven ability to work collaboratively in a cross-functional team environment. Attention to Detail: High level of attention to detail and accuracy in financial analysis and reporting. 

Other considerations

Up to10% of travel may be requested. Employees must have a valid driver’s license and the ability to drive and/or fly to client and other customer locations.The employee is responsible for owning a credit card and managing expenses personally to be reimbursed bi-weekly.

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