This position is responsible for supporting the project accounting CoE of R&D costs (>$750M p.a.) of Eaton’s engineering research & development. Responsibilities include setting up and running entire project accounting process flow covering initiation, budget, administration, allocation, maintenance and analytics and reports using project accounting software, time tracking systems, portfolio management system (ProPM) and financial accounting (Oracle, SAP) & reporting system (EPCBS, Encore).
• Roll out project accounting in various divisions/business with PMO and business finance team
• Project accounting integration with resource management & time tracking systems developing rate-cards based on services provided, expertise, location, etc. Materials, such as third-party costs or pass-through expenses
• Support project manager achieve the best setup and development of the project plan. Ensure the project financials such as billing and revenue are set up correctly to match the contract terms for the project.
• Be Project accounting gatekeeper ie financial transactions related to a project including costs, billing or cost recharge and revenue are being created, mapped and accounted appropriately by engineering finance/ business finance /shared services. Ensure costs as per Project Accounting system reconcile to financial accounting system
• Support project managers, engineering and finance leadership with Project control ie manage deviations from project plan mitigating impact on project’s bottom line, delivering cost savings during all phases of the project.
• Develop and publish Simplified, Specific Reports in discussion with PMO including key performance indicators (KPIs)
• Monitor and communicate the project & program management spend and provide with interpretation of variances from plan, forecast, or baseline targets.
• Prepare regular report out on all major programs ensure these are reviewed and approved by management.
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