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Resource Industries Economist

This job posting is no longer active.

Location: Deerfield, IL, United States
Date Posted: Mar 12, 2021
Closing Date: Mar 12, 2021

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Career Area:

Additional Functional Areas

Job Description:

JOB PURPOSE:  To analyze economic developments and determine their impact on business opportunities both short- and long- term.  Develops forecast scenarios and assesses the risks to the company.  Summarize findings in both written documents and presentations to management.  In addition, employee will have supervisory responsibilities as a first-line manager.

JOB DUTIES: Reporting directly to this position are Strategy Analyst and /or Strategy Manager positions.

Responsible for one or more geographic regions as well as some worldwide activities (such as engines, parts, commodities or exchange rates). 

Follow economic developments in areas of responsibilities and prepare projections of future economic developments.  Consider alternate developments and assess respective risks.  Explain forecasts in monthly S&OP outlooks, bi-monthly Board outlooks, annual target setting outlooks and long-term assumptions.

Produces economic, industry and market segment studies and other studies and reports as necessary and makes presentations to senior management, regional managers, product managers, dealers and other business units.

Use economic data and company sales systems to develop proprietary models that link economic developments to company sales prospects.  Determine the most effective tool (such as regression, time series, or linear discriminators).  Monitor and update these systems to ensure the maximum reliability.

Use developed models to help project company sales prospects (such as machine industries, engine sales to users or parts orders).  Apply judgment and risk assessments to modify initial projections if deemed appropriate.  Explain these forecasts to Product/Industry groups as well as upper management.

Develop and apply stock models in assessing long-term opportunities.  Develop cyclical bands around trend forecasts and create alternate scenarios.  Present findings to Product/Industry groups.

Follow outside developments in economic theory and forecasting tools to ensure that economic and forecasting tools incorporate the latest research.

Serve as a Green Belt or Subject Matter Expert on 6 Sigma projects requiring economic expertise.

Coordinate major studies and projects in conjunction with other Strategy and Business Development divisions.

Employee may also be responsible for performing other job duties as assigned.

This is an entry supervisory level position. Limited travel is required (0 –5% of the time).


Basic Experience:

  • Degree in Economics (or related field)

Top Candidates Will Also Have:

  • Academic background in macroeconomics and statistical procedures
  • Have demonstrated an ability to perform sophisticated economic analyses and prepare written reports of findings 
  • Previous supervisory experience is highly desired
  • Publications in a refereed journal or knowledge of a foreign language would be positives
  • Effective communication skills
  • Experience in mining / metals / commodities a plus

Additional Information:

Please frequently check the email associated with your application, including the junk/spam folder, as this is the primary correspondence method. If you wish to know the status of your application – please use the candidate log-in on our career website as it will reflect any updates to your status.


This employer is not currently hiring foreign national applicants that require or will require sponsorship tied to a specific employer, such as H, L, TN, F, J, E, O. As a global company, Caterpillar offers many job opportunities outside of the U.S. which can be found through our employment website at

EEO/AA Employer.  All qualified individuals - Including minorities, females, veterans and individuals with disabilities - are encouraged to apply.

Not ready to apply? Submit your information to our Talent Network here.

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Job Info

Mar 12, 2021


United States

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