Economic Controls Manager

As an Economic Controls Manager at SEGULA Technologies, you will be responsible for overseeing the financial planning and budgeting of propulsion systems programs. Key duties include analyzing production costs for efficiency improvements, providing regular financial forecasts, monitoring project performance, and collaborating with various departments to ensure that financial targets are met.

To qualify for the Economic Controls Manager position at SEGULA Technologies, candidates must hold a Master's degree in Engineering from an ABET-accredited program or an equivalent. Additionally, a minimum of 2 years of experience in financial management within the automotive sector, particularly related to propulsion systems, is required. Strong analytical skills and proficiency in financial software are also essential.

The Economic Controls Manager plays a pivotal role in cost optimization at SEGULA Technologies. By analyzing production costs and identifying areas for efficiency improvements, you will implement strategies that contribute to reducing unnecessary expenditures while maintaining project quality and performance.

Important skills for the Economic Controls Manager at SEGULA Technologies include strong analytical and problem-solving capabilities, proficiency in financial analysis and budgeting, effective communication skills for collaborating with cross-functional teams, and a solid understanding of the technical aspects related to propulsion systems development.

As an Economic Controls Manager at SEGULA Technologies, you can expect abundant career growth opportunities, enriched by hands-on experience with large-scale automotive projects, mentorship, and continuous process improvements. The company values professional development and encourages team members to evolve in their careers through training and leadership programs.

When addressing financial risks related to propulsion systems projects, it's crucial to identify potential issues early in the project lifecycle. I would leverage cross-functional collaboration to assess risks and work closely with the project management team to develop proactive mitigation strategies, ensuring that financial targets remain achievable.

My experience with budgeting for engineering projects includes developing and managing comprehensive project budgets that align with organizational goals. I focus on analyzing cost components, ensuring real-time tracking against budgets, and adjusting forecasts when necessary to maintain financial accuracy throughout the project lifecycle.

Effective collaboration with engineering and production teams involves fostering open lines of communication and regular check-ins. I prioritize understanding their workflows and constraints, ensuring financial insights are integrated into their strategies and that we collectively achieve our project objectives.

I adopt systematic reporting methods, utilizing financial software and data analysis tools to prepare regular performance reports. This includes tracking key performance indicators, summarizing financial progress, and providing actionable insights to senior management to guide decision-making.

In a previous role, I identified areas in production where redundancies were occurring, leading to excess costs. By implementing strategic changes and analyzing cost flows, I was able to optimize the budget significantly while maintaining the project's quality standards, contributing to overall project success.

My approach to financial forecasting involves a combination of historical data analysis, market trends assessment, and collaboration with project teams. I ensure that forecasts are based on realistic expectations, adjusting as needed based on changing project dynamics or external factors.

When faced with unforeseen financial challenges, I prioritize a swift analysis of the situation. I communicate transparently with stakeholders, develop contingency plans, and explore alternative strategies to mitigate risks and ensure the project stays within financial guidelines.

I am proficient in various financial analysis tools, including SAP and other ERP systems, financial spreadsheets, and data visualization software which aid in tracking financial performance, conducting budgets, and generating reports efficiently.

When managing multiple projects, I utilize project management tools to prioritize tasks based on deadlines and significance. I maintain a systematic approach to ensure that critical financial objectives are met while maintaining visibility across all projects for timely updates and adjustments.

Mentorship is vital in the Economic Controls Manager role as it fosters a culture of growth, enhances team capabilities, and ensures the transfer of knowledge regarding best practices in financial management. By guiding team members, I help build a more resilient and skilled workforce for the organization.