Material Cost Finance

Job Category Finance Degree Level Master s Degree or equivalent The Financial Analyst Post PA is responsible for the ongoing financial analysis reporting and control of material costs for approved programs This role involves deep dives into cost performance variance analysis forecasting and partnering with cross-functional teams e g engineering purchasing supply chain program management to ensure programs meet their financial objectives regarding material spend post-approval The ideal candidate will possess strong analytical skills a keen eye for detail and the ability to translate complex financial data into actionable insights 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 PA 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 PA Milestone to FSR 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 PA 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