What are the responsibilities and job description for the Cost & Risk Specialist position at Siemens Energy?
A Snapshot of Your Day
As a Principal Cost & Risk Analyst, you will serve as a key contributor within the Sales Operations Expert Center – Service Business team, collaborating with a small, specialized group to deliver complex cost modeling, risk management, and financial analyses for 60Hz Long‑Term Program (LTP) and Operations & Maintenance (O&M) projects across North and Latin America. Your work directly supports LOA approvals, customer negotiations, and seamless handoff to project implementation, while driving the financial performance of the Service Program business through measurable impact on non‑conformance costs, productivity, and overall order intake for Siemens Energy Gas Services in the region.
How You’ll Make An Impact
Gas Services
Our Gas Services division offers Low-emission power generation through service and decarbonization. Zero or low emission power generation and all gas turbines under one roof, steam turbines and generators. Decarbonization opportunities through service offerings, modernization, and digitalization of the fleet.
Who is Siemens Energy?
At Siemens Energy, we are more than just an energy technology company. With ~100,000 dedicated employees in more than 90 countries, we develop energy systems of the future, ensuring that the growing energy demand of the global community is met reliably and sustainably. The technologies created in our research departments and factories drive the energy transition and provide the base for one sixth of the world's electricity generation. Our global team is committed to making sustainable, reliable, and affordable energy a reality by pushing the boundaries of what is possible. We uphold a 150-year legacy of innovation that encourages our search for people who will support our focus on decarbonization, new technologies, and energy transformation. Find out how you can make a difference at Siemens Energy: https://www.siemens-energy.com/employeevideo
Rewards
As a Principal Cost & Risk Analyst, you will serve as a key contributor within the Sales Operations Expert Center – Service Business team, collaborating with a small, specialized group to deliver complex cost modeling, risk management, and financial analyses for 60Hz Long‑Term Program (LTP) and Operations & Maintenance (O&M) projects across North and Latin America. Your work directly supports LOA approvals, customer negotiations, and seamless handoff to project implementation, while driving the financial performance of the Service Program business through measurable impact on non‑conformance costs, productivity, and overall order intake for Siemens Energy Gas Services in the region.
How You’ll Make An Impact
- Drive the financial success of the Service Program business by delivering accurate, timely cost models and financial analyses that support LOA approvals, customer negotiations, and contract handover for LTP and O&M projects.
- Enable commercial excellence by directly supporting customer negotiations, RFQs, and strategic initiatives with sound cost, risk, and scenario analyses.
- Represent project calculations in Pre‑LOA forums and collaborate with Sales, Service Engineering, and Marketing Leads to continuously integrate execution feedback into cost and risk models.
- Ensure consistency and quality in cost and risk management by partnering with global stakeholders to maintain harmonized methodologies, proposal standards, and calculation tools.
- Advance digital and process innovation by supporting the development, testing, and rollout of S4E solutions—including the Long‑Term Service Module (LTSM)—to strengthen service calculations and productivity.
- Act as a trusted advisor to sales and commercial teams by resolving complex, non‑standard challenges independently and guiding effective use of proposal tools and pricing configurators.
- Bachelor’s degree in Finance, Accounting, Engineering, or a related field, or an equivalent combination of education and experience.
- Minimum of 5 years of experience supporting LOA procedures, with a strong ability to analyze costs, assess risk, and develop sound action plans aligned to customer and business requirements.
- Proven ability to manage multiple complex projects concurrently and deliver high‑quality results in a fast‑paced, deadline‑driven environment.
- Experience working in cross‑functional teams, collaborating effectively with Sales, Marketing, Engineering, Contracts, Operations, and Finance stakeholders.
- Solid foundation in financial and/or technical analysis, including planning, forecasting, budgeting, cash‑flow analysis, or application of engineering principles to commercial decision‑making.
- Intermediate to advanced knowledge of Siemens Energy gas turbine technology, including service and maintenance processes and requirements.
- Strong analytical, communication, and problem‑solving skills, with the ability to resolve complex, non‑standard challenges independently and advise sales teams on commercial tools and methodologies; limited travel (up to 10%) required.
Gas Services
Our Gas Services division offers Low-emission power generation through service and decarbonization. Zero or low emission power generation and all gas turbines under one roof, steam turbines and generators. Decarbonization opportunities through service offerings, modernization, and digitalization of the fleet.
Who is Siemens Energy?
At Siemens Energy, we are more than just an energy technology company. With ~100,000 dedicated employees in more than 90 countries, we develop energy systems of the future, ensuring that the growing energy demand of the global community is met reliably and sustainably. The technologies created in our research departments and factories drive the energy transition and provide the base for one sixth of the world's electricity generation. Our global team is committed to making sustainable, reliable, and affordable energy a reality by pushing the boundaries of what is possible. We uphold a 150-year legacy of innovation that encourages our search for people who will support our focus on decarbonization, new technologies, and energy transformation. Find out how you can make a difference at Siemens Energy: https://www.siemens-energy.com/employeevideo
Rewards
- Career growth and development opportunities
- Supportive work culture
- Company paid Health and wellness benefits
- Paid Time Off and paid holidays
- 401K savings plan with company match
- Family building benefits
- Parental leave