Investment Engineer I (Remote)

Posted 8 Days Ago
Be an Early Applicant
4 Locations
Remote
Entry level
Biotech • Manufacturing
The Role
The Investment Engineer I role involves evaluating technology alternatives, defining business needs, and ensuring cost control for projects. Responsibilities include monthly cost reviews, training project managers on financial tools, reviewing estimates and schedules, and extracting data for project health monitoring.
Summary Generated by Built In

Job Summary

Works with Process R&D, Manufacturing Technology todevelop Basic Data and then evaluate and translate technology alternatives into conceptual
design.
Assist in defining the business needs through asset foot-printing and business selection processes (options, size, scale, cost, and schedule). Reviews and evaluates non-capital alternatives (i.e., tolling, existing facilities). Work closely with business, finance, Investment Engineering, and Manufacturing Technology to develop economics and risk of alternatives. Candidate should live in close proximity to an IFF facility.

Responsibilities/Description:
• SME or highly proficient in cost control and has responsibility for a region.
• Ensure all projects over $1M have a monthly cost review and produce a cost workbook which is then posted on the central SharePoint site.
• Work with Project Manager to determine if a cost control professional is needed to produce the cost workbook
• Provide Cost Control coaching and guidance on project related financial topics.
• SME or highly proficient in SAP for cost control.
• Ability to challenge the scope of work which forms the estimate basis.
• SME or highly proficient in estimate review and validation with regional responsibility.
• Review project estimates for budgeting or any funding request. Issue validation letter formally approving estimates for use in a Gate review and funding request, establishing the estimate quality and accuracy range, and highlighting potential risks/opportunities.
• Review Project Schedule for issues and duration. Note any potential cost impacts.
• Attend ERA (Engineering Readiness Assessments) and Gate reviews.  Communicate validation findings while covering the estimate slide.
• Review proposed funding request amount for partial funding requests to be sure team has adequate funds to carry the project to the next Gate review.
• As needed, train Project Managers to use EcoSys for Funding Requests, Monthly Forecasting, and Project Closings.
• Assist Project Managers with monthly EcoSys tasks.
• Extract data from EcoSys to monitor the health of projects in your region.
• Decision maker on Cost vs Capital determinations.

We are a global leader in taste, scent, and nutrition, offering our customers a broader range of natural solutions and accelerating our growth strategy. At IFF, we believe that your uniqueness unleashes our potential. We value the diverse mosaic of the ethnicity, national origin, race, age, sex, or veteran status. We strive for an inclusive workplace that allows each of our colleagues to bring their authentic self to work regardless of their religion, gender identity & expression, sexual orientation, or disability.

Visit IFF.com/careers/workplace-diversity-and-inclusion to learn more

Top Skills

SAP
The Company
HQ: New York, NY
13,014 Employees
On-site Workplace

What We Do

Meet IFF:

We boldly bring together science and creativity to create what the world needs.

An industry leader in food, beverage, health and biosciences, we create essential solutions – from global icons to unexpected innovations and experiences. Equal parts outspoken and analytical, our international collective of thinkers working with customers to bring scents, tastes, experiences, ingredients and solutions for products people crave.

With 24,000 employees across 65 countries, more than 110 manufacturing facilities, 100 R&D centers, and 33,000 customers across the world, we’re poised to make a difference on an unprecedented scale. Without our boundary-pushing passion and end-to-end expertise, the future wouldn’t be the same.

Visit us at www.iff.com to learn more about how our talented people and new technology are challenging the expected, championing creators and doing more good for people and planet.

Explore what sets us apart.

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