About this role
About the Role The Product Development Finance Analyst will support the Precision & Electric PD organization control activities, collaborating with P&E PD functions, Precision Tech Product Management, Engineering, Manufacturing, Purchasing, and Product Portfolio teams to monitor new product initiatives against target commitments. This role can be based in Sioux Falls, SD or Oak Brook, IL and embraces CNH Industrial's hybrid work environment (three days onsite, two days remote). What You'll Do
- Collect data for business case assumptions: revenues, volumes expected, capital investments, product contents, quality, logistic costs, pricing, AMS impact
- Perform financial analysis of new product programs aligning with Strategic Business Plan assumptions
- Develop, monitor and report financial impacts of product programs (budget preparation, ROI analysis, cash flow) and present results
- Track financial results during program life (program review) supporting Platform to maintain target commitments
- Ensure mutual commitment and validation of program financial targets with Finance counterparts
- Control and approve release of funds per spending requests
- New Product cost tracking and deviation analysis
- Technical cost reduction and design changes impact on current product cost
- Capital appropriation request tracking in relation to expected results
- Coordinate annual budget/forecast investment spending plans, analyze trends and variances
- Support allocation of R&D/Capex spending to proper Project (WT) and the analysis of BDG/Fore/SBP planning activities
- Support Software capitalization/depreciation process in coordination with finance accounting team and input from business department
- May include general ledger maintenance, asset accounting, check drafting and analyze financial information and prepare financial report