
Cost Officer
4 days ago
Job Description for – Costing Function
Mission of the Job:
We are seeking a skilled professional to calculate and update with high accuracy, the cost of components, sub-assemblies, and products for new projects.
- Develop and provide productivity targets through value analysis of products.
Key Objectives:
- Calculate the detailed cost of a new product using Schneider Electric's methodology.
- Evaluate and share the cost of a new product with the manufacturing plant to ensure acceptance.
- Track and update costs during project stage gates.
- Alert stakeholders in case of deviations.
- Analyze product costs to identify potential savings.
- Compare different techno-industrial solutions and determine the most cost-effective option based on ROI calculation.
- Gather data from various Schneider Electric sources, including purchase, finances, manufacturing plants, logistics, and other countries, and consolidate them.
- Pursue cost reduction opportunities by setting aggressive yet achievable targets.
- Utilize the SE Cost database (Scala, Bridge, etc.) to inform cost-related decisions.
- Develop and maintain a cost database, generating and updating it as needed.
- Perform value analysis on existing products to set productivity targets.
- Estimate costs for parts of product localization and rebalancing.
- If required, calculate product margins and localization rates.
- Implement Design to Cost level 1 in Projects.
- Conduct teardown analyses of Schneider and competitor products.
- Calculate the cost of all components, including plastics, metals, and PCBA.
Requirements:
Graduate degree in Finance or a related field is preferred. Advanced financial courses and costing experience are essential.
A minimum of 12-15 years of experience in costing and accounting is required.
Strong financial proficiency is necessary for this role.
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