R&D Product Cost Controller - Wendell, NC - Hybrid

R&D Product Cost Controller – Wendell, NC - Hybrid

Here at Siemens, we take pride in enabling sustainable progress through technology. We do this through empowering customers by combining the real and digital worlds. Improving how we live, work, and move today and for the next generation! We know that the only way a business thrive is if our people are thriving. That’s why we always put our people first. Our global, diverse team would be happy to support you and challenge you to grow in new ways. Who knows where our shared journey will take you? 

We are seeking a detail-oriented and analytical R&D Product Cost Controller to join our finance team. As R&D Product Cost Controller, you will play a pivotal role in monitoring and managing product costs throughout their lifecycle, ensuring financial efficiency and supporting informed decision-making. This position requires a keen attention to detail, strong analytical skills, and the ability to collaborate effectively with cross-functional teams. You will be responsible for accurately estimating and analyzing the cost of SI EA power distribution products, ensuring competitiveness and profitability in the market. This position is a hybrid role based in Wendell, NC.

You’ll make an impact as you:

• Calculate manufacturing costs for power distribution products including switchgear, circuit breakers, outdoor products and related components.
• Cost Analysis: Conduct comprehensive analysis of product costs, including material costs, labor costs, overhead, transportation expenses.
• Cost Management: Monitor and control product costs to ensure alignment with budgeted targets and profitability goals on regular base and ad hoc for big projects. For new developments and released products / components.
• Variance Analysis: Identify and analyze variances between budgeted and actual costs, investigating root causes and recommending corrective actions as needed.
• Financial Reporting: Prepare regular reports on product cost performance, providing insights and recommendations to management and stakeholders.
• Cost Estimation: Collaborate with product development teams to estimate and forecast costs for new products or product enhancements.
• Process Improvement: Implement cost control procedures and continuous improvement initiatives to optimize product costing processes.
• Cross-functional Collaboration: Work closely with R&D, procurement, manufacturing, finance, engineering and sales teams to ensure accurate cost data and validate cost assumptions and facilitate effective decision-making. Participate in cost vale engineering / DTC workshop / continuous improvement efforts. provide current cost structure and work in a cross functional team for cost improvement solutions

You’ll win us over by having the following qualifications:

Basic Qualifications:

• Bachelor’s degree in Finance, Accounting, Business Administration, Engineering or other business or science field.
• 3+ years of experience in financial management, budgeting, or cost control.
• 2+ years of experience using financial modeling, budgeting software, and ERP systems, such as SAP.
• 2+ years of experience using PowerBI.
• Ready to travel domestic and international based on business demands.
• Legally authorized to work in the United States on a continual and permanent basis without company sponsorship.

Preferred Qualifications:

• Advanced degree or professional certification (e.g., CPA, CMA).
• Experience in manufacturing technologies and manufacturing processes.
• Strong analytical skills with the ability to interpret complex financial data and technical data to generate meaningful insights, best supported by basic engineering experience.
• Excellent attention to detail and organizational skills, with a commitment to accuracy and integrity in financial reporting.

You’ll benefit from:

• Siemens offers a variety of health and wellness benefits to our employees. Details regarding our benefits can be found here: https://www.benefitsquickstart.com/siemens/index.html
• The pay range for this position is $64,680 - $110,880. The actual wage offered may be lower or higher depending on budget and candidate experience, knowledge, skills, qualifications, and premium geographic location.

Create a better ## TomorrowWithUs

About Siemens:

We are a global technology company focused on industry, infrastructure, transport, and healthcare. From more resource-efficient factories, resilient supply chains, and smarter buildings and grids, to sustainable transportation as well as advanced healthcare, we create technology with purpose adding real value for customers.

Our Commitment to Diversity, Equity, and Inclusion:

We value your unique identity and perspective. We are fully committed to providing equitable opportunities and building a workplace that reflects the diversity of society. Come bring your authentic self and create a better tomorrow with us. Learn more about our commitment to DEI here.

Protecting the environment, conserving our natural resources, fostering the health and performance of our people as well as safeguarding their working conditions are core to our social and business commitment at Siemens. They are an integral part of our Business Conduct Guidelines and our corporate strategy.