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Job Summary
We are seeking an experienced Program Economic Manager to join our Vehicle Engineering & Program Management team. In this remote position, you will serve as the primary financial and economic gatekeeper for large-scale vehicle development programs delivering to a major global OEM.
You will manage program profitability, track capital expenditure (CapEx) and operational investments, drive design-to-cost (DtC) strategies, and ensure strict alignment between engineering execution, commercial agreements, and overall program financial targets.
Key Responsibilities
1. Program Financial & Economic Management
Maintain and track the overall Program Business Case throughout all vehicle development milestones (from concept through Launch / SOP).
Monitor program P&L, tracking revenue, engineering development costs (ED&T), piece cost, tooling investments, and prototype expenditures against baseline targets.
Perform monthly profitability variance analysis, identifying financial risks and opportunities to ensure margin targets are achieved.
2. Design-to-Cost (DtC) & Commercial Alignment
Partner with Product Development Engineers, Design Release Engineers (DREs), and Sourcing/Purchasing teams to drive target costing and cost reduction initiatives.
Evaluate the financial impact of Engineering Change Notices (ECNs/CNs), scope changes, and technical revisions; ensure all scope creep is commercially recovered from the customer.
Manage commercial negotiations for design modifications, engineering revisions, and tooling adjustments in collaboration with Account Managers.
3. Investment & Tooling Control
Track and approve Tool Kick-Off (TKO) requests, prototype tooling orders, and capital investments against the baseline budget.
Oversee invoicing milestones and customer payment schedules related to engineering deliverables and tooling milestones.
4. Customer Interface & Milestone Reporting
Lead economic and financial reviews for internal executive leadership and customer program gateways (e.g., Gate Reviews, Target Agreement meetings).
Reconcile commercial differences between supplier cost models and OEM target pricing models.
Profil
Qualifications & Requirements
Education: Bachelor’s degree in Industrial Engineering, Finance, Economics, Business Administration, or Automotive Engineering.
Experience: 5+ years of experience in financial controlling, program management, or cost engineering within the Automotive Tier 1 supplier ecosystem or automotive OEM engineering services.
OEM Knowledge: Strong familiarity with major OEM vehicle development gateways, change management processes, and commercial procedures.
Financial Acumen: Deep understanding of product cost structures (BOM cost analysis, direct labor, overhead, tooling amortization, and development budgets).
Technical Understanding: Ability to read engineering changes, BOM structures, and technical specifications to evaluate financial impacts accurately.
Software Tools: Proficiency in advanced Excel (financial modeling), ERP systems (SAP or similar), and program management software.
Languages: Business fluency in English is mandatory (written and spoken). Proficiency in French, Italian, or Spanish is a plus.
Key Competencies
Analytical Thinking: Strong problem-solving ability with a structured approach to data analysis and cost modeling.
Cross-Functional Influence: Proven capability to align Engineering, Purchasing, Operations, and Sales teams toward common financial targets.
Negotiation & Assertiveness: Comfortable discussing cost drivers, change orders, and financial tradeoffs with cross-functional and executive teams.
Autonomy: Ability to thrive in a remote work setup with minimal supervision while managing tight milestone deadlines.