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 Qualificati ons 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. 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