R&D Project Manager (Malvern, PA)

R&D Project Manager (Malvern, PA)

As a financial and operational partner to R&D and Finance leadership, this role drives financial planning, forecasting, reporting, and Non-Recurring Engineering (NRE) expenditure management across innovation projects, delivering visibility into project performance, resource utilization, and financial risks while improving data integrity and reporting efficiency.

Your role:

• Drive the execution and operating rhythm for R&D budget planning, forecasting, and monthly reporting across labor and non-labor expenses, including gathering and validating inputs, maintaining repeatable financial tracking processes, and delivering accurate, timely information to the Finance Partner for AOP, forecast cycles, month-end reviews, and leadership reporting.
• Monitor R&D spending, project costs, resource utilization, and budget performance to identify variances, financial risks, and cost optimization opportunities. Manages day-to-day R&D financial operations including budget tracking, purchase order (PO) creation and management, cost monitoring, accrual tracking, and financial data maintenance across systems.
• Perform monthly, quarterly, and annual financial reporting activities, including variance analysis and month-end close support, ensuring accuracy and timeliness. Prepares and maintains financial dashboards, operational reports, and cost analyses to support R&D project tracking, financial visibility, and operational decision-making.
• Work closely with Project Leaders and R&D teams to develop, maintain, and track detailed Non-Recurring Engineering (NRE) cost plans and project expenditures.
• Collaborate with Finance, R&D, Project Management, and IT teams to improve financial processes, reporting efficiency, data quality, and automation capabilities, while providing operational support and guidance to other analysts as needed. Owns the implementation and continuous improvement of financial processes, controls, tools, and reporting standards to enhance operational efficiency, compliance, and data accuracy.

You're the right fit if:

• You’ve acquired 2+ years of relevant experience supporting financial planning, budgeting, forecasting, and reporting activities—preferably within R&D, engineering, or project-based environments.
  • Experience supporting areas such as Financial Planning & Analysis (FP&A), management reporting, cost control, financial modeling, accounting, or financial operations, including budget tracking and variance analysis, preferred.
• Your skills include experience with (preferred):
  • R&D Cost Management (labor and non-labor), including NRE cost tracking.
  • Data analysis & interpretation with strong attention to accuracy and data integrity.
  • Enterprise Resource Planning (ERP) Systems and financial reporting tools.
  • Management and Operational Reporting, including month‑end and forecast cycles.
  • Process Improvement & Financial Controls in regulated or matrixed environments.
  • Digital Dashboards and Data Visualization (e.g., Power BI, Tableau).
  • Automation and Productivity Tools (e.g., Power Automate, Microsoft Power Platform).
  • Advanced Excel skills (pivot tables, lookups, financial models, data reconciliation).

• You have a Bachelor's Degree in Electrical Engineering, Electronic Engineering, Mechanical Engineering, Computer Science Engineering, Information Technology, Business Administration, Project Management, Program Management OR Vocational Education in Project Management or 6+ years of above related experience.

• You must be able to successfully perform the following minimum Physical, Cognitive and Environmental job requirements with or without accommodation for this position.
• You are skilled in stakeholder collaboration & communication, particularly with R&D, Project Management, and Finance teams.

How we work together

We believe that we are better together than apart. For our office-based teams, this means working in-person at least 3 days per week. Onsite roles require full-time presence in the company’s facilities. Field roles are most effectively done outside of the company’s main facilities, generally at the customers’ or suppliers’ locations.

This is an office role.

About Philips

We are a health technology company. We built our entire company around the belief that every human matters, and we won't stop until everybody everywhere has access to the quality healthcare that we all deserve. Do the work of your life to help improve the lives of others.

• Learn more about our business.
• Discover our rich and exciting history.
• Learn more about our purpose.
• Learn more about our culture.

Philips Transparency Details

The pay range for this position in Malvern, PA is $83,000 to $131,000.

The actual base pay offered may vary within the posted ranges depending on multiple factors including job-related knowledge/skills, experience, business needs, geographical location, and internal equity.   

In addition, other compensation, such as an annual incentive bonus, sales commission or long-term incentives may be offered.  Employees are eligible to participate in our comprehensive Philips Total Rewards benefits program, which includes a generous PTO, 401k (up to 7% match), HSA (with company contribution), stock purchase plan, education reimbursement and much more.  Details about our benefits can be found here. 

At Philips, it is not typical for an individual to be hired at or near the top end of the range for their role and compensation decisions are dependent upon the facts and circumstances of each case. 

Additional Information

US work authorization is a precondition of employment. The company will not consider candidates who require sponsorship for a work-authorized visa, now or in the future.

Company relocation benefits will not be provided for this position.  For this position, you must reside in or within commuting distance to Malvern, PA.

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This requisition is expected to stay active for 45 days but may close earlier if a successful candidate is selected or business necessity dictates.  Interested candidates are encouraged to apply as soon as possible to ensure consideration.

Philips is an Equal Employment and Opportunity Employer including Disability/Vets and maintains a drug-free workplace.