Cost Analyst

As a Product Costing Specialist, you will be responsible for the following: - Taking complete ownership of calculating Direct Product Cost (DPC) and representing the product costing function in the Change Management Organization (CMO). - Coordinating with Procurement, Supplier Development, and INDU team for calculating changes in product cost. - Actively participating in New Product Development (NPD) projects from the costing side. - Identifying DPC reduction opportunities through global benchmarking activities. - Assisting the Pricing Manager in defining pricing strategies and generating cost reduction opportunities by comparing different product lines. - Coordinating with global costing colleagues on costing-related topics. - Regularly preparing DPC reports along with cost driver-wise GAP analysis reports. - Preparing DPC forecasting reports for upcoming Change Periods (CP) for KW management and participating in Cost-out projects. In addition to the role overview, the key responsibilities include: - Preparing and presenting business cases to management. - Reviewing direct product cost-related topics. Qualifications required for this role: - Education: BE/B.Tech in Mechanical/Production Engineering, CMA (Cost & Management Accountancy) (Optional). - Professional experience: Minimum 5-8 years of experience in product costing, understanding Zero-Based costing concept for various commodity parts, sourcing & supplier development experience, and knowledge of NPI & VAVE project cost assessment. - Professional skills: Proficiency in SAP MM, Excel-based costing, knowledge of different commodity parts cost estimation and analysis, experience with Power Bi/Data Analytics, and proficiency in Microsoft Office tools.,