Advanced Project Economic Manager -Propulsion System

Stellantisfinancialservices; Auburn Hills (MI); On-site; USD 90,000 - 130,000; Full time

Job summary

Stellantisfinancialservices seeks a seasoned Project Economical Manager (PEM) to lead cost management for advanced projects in a dynamic automotive environment. You will consolidate all economic elements, monitor the cost objective, and drive actions with partners to optimize the cost/performance ratio.

You will produce TPC forecasts, manage budgets, and deliver investment status reports while building risk and opportunity portfolios. Strong PM, planning skills, and fluent English are essential.

Qualifications

• Bachelor’s degree in technical disciplines (mechanical, electrical, mechatronics).
• At least 7 years’ experience in cost management with responsibility for Budget and TPC.
• Project management and planning skills; ability to lead cross-functional groups.
• Good analytical and presentation skills; verbal and written communication.
• Fluent or Advanced English.

Responsibilities

• Structure the project cost management activity per Job share, Pay share, and RASI across partners.
• Monitor design cost objectives to ensure optimal TPC-Investment relative to performance, quality, delay, and R&D expenses.
• Provide Advanced project/Project/Serial life Economical reporting: TPC Forecast, expenses, and investment status.
• Provide component targets to Purchasing in line with global GPSC targets.
• Build and monitor Risk and Opportunity portfolio for project and serial life.
• Lead cost convergence plans to reach targets.
• Create Transformation Cost contracts with Manufacturing in project.
• Develop Investment contracts for Make and Buy.
• Manage yearly Investment and Expenses reporting to VEMO; monthly Y+1 budgets and forecasts.
• Landing for expenses and analysis of actuals and convergence plans.

Skills

Project management

Cross-functional leadership

Analytical skills

Communication skills

Fluent English

Education

Bachelor's degree in mechanical/electrical/mechatronics

Job description

In Advanced Project, Project or Serial Life the Project Economical Manager (PEM) builds and ensures the project’s cost commitment, consolidates all economic elements of the project to reach the targets and ensures the cost/performance ratio is optimal. Manages all actions with a potential cost impact.

Accountable for:

• Structure the project cost management activity according to the “Job share”, “Pay share” and RASI, as determined by the different project partners (COP and zones)
• Monitor design according to the cost objective to ensure that the TPC-Investment is optimal related to the other project objectives (performance, quality, delay, R&D expenses)
• Provide Advanced project/ Project/ Serial life Economical reporting: TPC Forecast and potential, expenses and Investment status compared to the target.
• Provide component target to Purchasing compliant with the global target to GPSC
• Build and monitor Risk and Opportunity portfolio ( project and serial life)
• Lead cost convergence plans to reach the targets
• Build Transformation Cost contract with Manufacturing in project
• Build the Investment contract for Make and buy
• Manage the yearly Investment and Expenses and report to VEMO controlling:
• Monthly breakdown budget for Y+1, forecast F1 and F2
• Landing for expenses
• Analysis of actuals and convergence plan

Significant support in:

• Ensure the financial relationship with the partner within Cooperation projects (economic convergence, contract approval, reporting to the cooperation authorities)

Basic Qualifications:

• Bachelor’s degree in technical disciplines like mechanical, electrical, mechatronics at a nationally accredited institution/university.
• At least 7 years' experience in above disciplines, having worked in cost management roles with responsibility for Budget and TPC
• Project management and planning skills, ability to lead cross functional work groups, meetings and task forces
• Good analytical skills and open and curious interdisciplinary mindset
• Good communication and presentation skills, verbally and in writing
• Fluent or Advanced English

Preferred Qualifications:

• Previous knowledge of STLA processes and organization, having worked as an SRA or similar
• Previous experience in cost management roles in the automotive industry
• Previous experience in Propulsion System in the automotive industry