Material Cost Finance - Analyst

Ford

7 - 9 years

12 - 13 Lacs

chennai

Posted:1 day ago| Platform:

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Skills Required

financial analysis mis reporting forecasting costing variance analysis accounting budgeting icwa financial management procurement financial reporting cost management standard costing cost accounting cost analysis taxation cost audit finance

Work Mode

Work from Office

Job Type

Full Time

Job Description

Review & Concur to Change Management Request raised by Engineers for Design, Commercial, Quality etc.
Monitor and track actual material costs against approved program budgets and forecasts on an ongoing basis.
Prepare financial reports, dashboards, and presentations on material cost performance for various stakeholders, including program leadership, finance management, and executive teams.
Lead end to end ownership and deliverables from PD Finance for the specific Post programs
Prepare EBIT for operational view of profitability, making it a valuable metric for internal management to understand programs performance
Prepare Business Plan (BP) inputs on Product Cost, Price Strategy updates, etc.
Lead preparation of Cost PAT data relating to material cost and investment levels and review status regularly with Chief Program Engineer (CPE) and Program Management
Support Programs right from Milestone to taking care of entire end-to-end ownership as Finance lead. Perform reviews with senior management for all Major Programs
Work on automation projects, develop interactive dashboards that highlight trends on program financials Post Program Approval ( ) that help leadership decision making
Understand and support financial analysis for special studies (e.g., Feature introduction, mix changes, etc.)
Conduct in-depth variance analysis on material costs, identifying deviations from budget and prior forecasts.
Investigate root causes of cost variances (e.g., design changes, supplier price changes etc.) and communicate findings clearly.
Provide financial input and analysis for program change requests that impact material costs.
Ensure adherence to financial policies, procedures, and internal controls related to material cost management.
Identify potential financial risks and opportunities related to material costs within approved programs and propose solutions.
Act as a key finance business partner to program managers, engineering leads, and procurement specialists, providing financial insights and guidance on material cost implications.
Participate in program reviews and CPE meetings, offering financial perspectives and challenging assumptions where necessary.
Facilitate discussions and drive alignment between technical and financial teams regarding cost targets and performance.
Continuously seek opportunities to improve material cost tracking, reporting, and analysis processes and tools.

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