Sr. Financial Analyst - Engineering

Woodward is committed to creating a great workplace for all team members. Our company and its members are committed to acting with integrity, being respectful and accountable to one another, and staying humble and driven, while maintaining the highest professional and ethical standards.

We are steadfastly committed to attracting the best talent across our communities creating a rewarding workplace. Together we are fulfilling our purpose to design and deliver energy control solutions our partners count on to power a clean future.

Woodward supports our members’ wellbeing and regularly benchmarks with other companies in our industry to offer an extensive Total Reward package for this position. Salary will be determined by the applicant's education, experience, knowledge, skills, and abilities, as well as internal equity and alignment with market data. 

• Estimated annual base pay: $85,000(minimum) - $110,000(midpoint) - $136,000(maximum)

• All members included in annual cash bonus opportunity

• 401(k) match (4.5%)

• Annual Woodward stock contribution (5%)

• Tuition reimbursement and Training/Professional Development opportunities for all members  

• 12 paid holidays, including floating holidays 

• Industry leading medical, dental, and vision Insurance upon date of hire

• Vacation / Sick Time / Vacation Buy-up / Short Term Disability / Bereavement leave

• Paid parental leave

• Adoption Assistance  

• Employee Assistance Program, including mental health benefits

• Member Life & AD&D / Long Term Disability / Member Optional Life 

• Member referral bonus 

• Spouse / Child Optional Life / Optional AD&D / Healthcare and Dependent Care Flexible Spending

• Voluntary benefits, including:  

• Home / Auto Insurance discounts 

• Whole Life Insurance / Critical Illness Insurance / Legal Assistance / Military Leave 

Key Responsibilities: 

Financial Reporting, Planning and Analysis 

Responsible for developing, analyzing, and communicating financial plans, budgets, and variances for the engineering and PMO departments.

• Facilitate Annual Operating Plan/Forecast/1+3/LRP

• Develop detailed understanding of revenue and expenses including headcount, contractor spend, program expenses 

• Maintain up-to-date YTD revenue/spend by program vs forecast/plan 

• Support Program teams on periodic Estimate at Completion (EAC) reconciliation

• Analyze and present department spend performance vs plan/forecast, including headcount performance 

• Develop and maintain reconciliation between Planisware (engineering project management software) and internal financial reporting, including budget rates vs actual rates 

• Develop detailed multi-year capital spend plan and track/report on actual vs plan variances

• Prepare and present financial reports to the engineering leadership team and other stakeholders, including variance analysis, financial statements, and Key Performance Indicators (KPIs) 

Cost Management 

Work with the engineering team to identify cost-saving opportunities and optimize resource allocation.

• Facilitate monthly project portfolio analysis review with leadership

• Support project reviews/gate reviews/project changes requests by ensuring accuracy of reported results and actions to balance the portfolio to planned spend levels 

• Support new project initiatives to ensure the overall engineering portfolio remains in line with plan/forecast 

• Identify cost-saving opportunities and help to manage engineering spend to planned levels

• Analyze the performance of the engineering departments to identify areas of improvement and provide recommendations to the engineering leadership team 

• Support the customer proposal process by reviewing budgeting calculator for accuracy and advocating for appropriate customer funding 

Government Cost+ Reporting 

• Perform project control functions including billing and project cost monitoring to ensure accuracy in accrued monthly cost reporting on U.S. Government contracts

• Prepare monthly invo