Product Development Specialist

Career Area:
Engineering
Job Description:
Your Work Shapes the World at Caterpillar Inc.
When you join Caterpillar, you're joining a global team who cares not just about the work we do – but also about each other. We are the makers, problem solvers, and future world builders who are creating stronger, more sustainable communities. We don't just talk about progress and innovation here – we make it happen, with our customers, where we work and live. Together, we are building a better world, so we can all enjoy living in it.
The Product Development Specialist supports Gas Compressor Engineering and Gas Compressor Operations by providing portfolio analytics, business reporting, financial and resource analysis, and process-improvement solutions. This role serves as a trusted source of portfolio information, and collaborates closely with organizational leaders to help make informed decisions regarding capacity, resource utilization, capital expenditures, and Research & Engineering (R&E) investments.
The role is accountable for maintaining data quality and reporting standards, developing dashboards and analytical tools, and improving business processes through automation and emerging technologies. Success in this role requires strong analytical thinking, attention to detail, collaboration, and the ability to transform complex data into actionable business insights.
Additionally, the Product Development Specialist is accountable for:
Maintaining a single source of portfolio data and reporting standards
Consolidating R&E cost, effort, and capital reporting information
Developing capacity, demand, labor utilization, and forecasting analyses
Maintaining portfolio dashboards and decision-support tools
Supporting Planview data quality, governance, and administration
Driving process improvements through automation, analytics, and AI-enabled solutions
The Product Development Specialist provides analysis, recommendations, and decision-support information but does not own project budgets, technical commitments, program schedules, or portfolio prioritization decisions.
Key Responsibilities
Portfolio Data Management & Governance
Maintain a single source of portfolio data and reporting standards across Gas Compressor Engineering and Operations
Ensure data accuracy, consistency, and quality across approved business systems
Administer and support Planview portfolio structures, resource data, and related governance processes
Financial & Portfolio Reporting
Consolidate and analyze R&E cost, effort, forecast, and capital expenditure information
Support business reviews, forecasting cycles, and portfolio reporting activities
Identify reporting variances, trends, and risks, and communicate actionable insights to stakeholders
Capacity, Demand & Resource Analytics
Develop capacity, demand, labor utilization, and resource forecasting analyses
Model workforce and portfolio scenarios to support organizational planning
Identify potential resource constraints, utilization trends, and forecast risks
Dashboard Development & Decision Support
Develop and maintain portfolio dashboards, scorecards, and business performance metrics
Translate complex data into meaningful visualizations and actionable recommendations
Provide analytical support to Product Management, Program Management, Engineering, and Operations leaders
Process Improvement & Automation
Improve reporting processes through automation, system integration, and digital solutions
Develop and maintain tools using Power BI, Power Automate, AI technologies, Tableau, or similar platforms
Research and apply industry best practices to improve reporting effectiveness and organizational efficiency
Organizational Support & Collaboration
Support stakeholders with portfolio reporting, planning processes, and business analytics needs
Collaborate with Engineering, Operations, Finance, IT, Strategy and Marketing to resolve data and process issues
Communicate analytical findings and recommendations clearly to both technical and business audiences
Qualifications
Required:
Bachelor's degree in Business, Finance, Economics, Data Analytics, Engineering, Information Systems, or a related field
Experience with business analytics, portfolio reporting, financial analysis, or resource planning
Strong analytical, problem-solving, and data interpretation skills
Experience developing dashboards, reports, or decision-support tools
Effective communication and stakeholder collaboration skills
Advanced proficiency with Microsoft Excel and other Microsoft 365 applications
Preferred:
Strong competency with Power BI, including dashboard development and data modeling
Experience with Power Automate, Tableau, and AI-enabled business tools
Experience with Planview, Coupa, Azure DevOps, SharePoint, LN, WCCS, or similar enterprise systems
Knowledge of financial forecasting, capacity planning, and resource management
Familiarity with engineering development, manufacturing operations, or Gas Compressor products and applications
Summary Pay Range:
$89,210.00 - $133,810.00
Compensation and benefits offered may vary depending on multiple individualized factors, job level, market location, job-related knowledge, skills, individual performance and experience. Please note that salary is only one component of total compensation at Caterpillar.
Benefits:
Subject to plan eligibility, terms, and guidelines. This is a summary list of benefits.
Medical, dental, and vision benefits*
Paid time off plan (Vacation, Holidays, Volunteer, etc.)*
401(k) savings plans*
Health Savings Account (HSA)*
Flexible Spending Accounts (FSAs)*
Health Lifestyle Programs*
Employee Assistance Program*
Voluntary Benefits and Employee Discounts*
Career Development*
Incentive bonus*
Disability benefits
Life Insurance
Parental leave
Adoption benefits
Tuition Reimbursement
* These benefits also apply to part-time employees
This position requires working onsite five days a week.
Visa Sponsorship is not available for this position.
Posting Dates:
Any offer of employment is conditioned upon the successful completion of a drug screen.
Caterpillar is an Equal Opportunity Employer, Including Veterans and Individuals with Disabilities. Qualified applicants of any age are encouraged to apply.
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