Material Cost Finance Analyst
Material Cost Finance Analyst
Posted on :
20-09-2025
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1 Vacancy
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Job Description
Description
Responsibilities
Qualifications
The Financial Analyst Post
Responsibilities
- 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.
Qualifications
Education: Master Degree in Business Administration MBA CMA & CA
Technical Skills:
Advanced proficiency in Microsoft Excel (pivot tables VLOOKUPs financial modeling).
Familiarity with data visualization tools (e.g. Qliksense Power BI) is a plus.
Analytical Skills: Strong analytical problem-solving and data interpretation skills with a high attention to detail. Ability to synthesize complex information and present it clearly.
Communication: Excellent written and verbal communication skills with the ability to effectively interact with all levels of the organization.
Interpersonal Skills: Proven ability to build strong working relationships and collaborate effectively with cross-functional teams.
Mindset: Proactive self-motivated and results-oriented with a strong sense of ownership and accountability.
Required Experience:
IC
Employment Type
Full-Time
Department / Functional Area
Key Skills
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