Cost Analyst

Function Procurement Pay Band M3 to M5 Role Purpose of the job is to develop cost models work out should be cost with a view to set cost targets benchmarks in order to improve sourcing efficiency The role requires expertise in cost assessment across various product categories and manufacturing technologies This position will require to partner with buyers sourcing engineers to facilitate optimize their procurement costs A purpose driven role for you Your key responsibilities will include but not limited to - Zero based costing of parts of various product categories and manufacturing technologies Fabrication Machining Moulding Casting proprietary etc - Study of existing norms and identify opportunity for improvements - Evaluation and assessment of should be cost - Support buyer for cost improvements - Identify alternate methods processes for cost efficiencies - Identify pool of alternates who can provide innovative competitive products A Day in the life Drive cost benchmarking to identify opportunities support implementation Workout targets KPIs for the respective categories of parts Engage internal stake holders CIT Sourcing etc as well as suppliers to firm up design based upon target cost Academic Qualification Experience Engineering Graduate Preferably MBA 8 to 12 yrs experience Technical Skills Knowledge Strong analytical skills with the ability to conduct cost analysis prepare strategies MS Powerpoint MS EXCEL Cost modelling Zero based budgeting and other such models Behavioural Skills Good communication skill Presentation skills Ability to conceptualize work independently Self-motivated Drive for result What will it be like to work for Hero As the world s largest manufacturer of motorcycles and scooters for the last 22 years Hero is where you will get to work with the brightest innovators passionate about being the best in what they do You will become a part of India s proudest legacy a brand that is celebrated by 110 million Indians and is now taking over the world with its manufacturing superpower If you are someone who dreams big and goes after their dreams with absolute conviction Hero is your place to be At Hero we are building a cutting-edge future of mobility pushing frontiers of innovation and aiming for the very best Choose to be with the best choose to be your best About Hero Headquartered in New Delhi India is the world s largest manufacturer of motorcycles and scooters for 22 consecutive years We are at the forefront of developing modern technologically superior and eco-friendly mobility solutions for its millions of customers around the world Hero MotoCorp has rapidly transformed into a true multinational organization with a presence in 47 countries across Asia Africa Latin America and the Middle East We have achieved the coveted milestone of 110 million cumulative production and sales since inception Aligned with its Vision Be the Future of Mobility Hero MotoCorp plans to achieve its next 100 million sales by 2030 We have a globally benchmarked manufacturing and Research Development R D ecosystem that is spread across global geographies Its R D facilities are located in India and Germany - the Centre of Innovation and Technology CIT at Jaipur India and the Tech Centre Germany TCG near Munich Hero MotoCorp s eight green manufacturing facilities are spread across India 6 Colombia 1 and Bangladesh 1 Hero MotoCorp is the pre-eminent leader in the Indian two-wheeler market It is the only motorcycle manufacturing company listed in Dow Jones Sustainability Index In 2022 Hero MotoCorp launched a separate brand for emerging mobility solutions including Electric Vehicles EV - VIDA Powered by Hero VIDA has commenced sales of VIDA V1 - its first EV - in India and plans to launch the product in global markets We are one of the largest global corporate promoters of multiple sporting disciplines Hero is globally associated with golf football field hockey cricket and motorsports Hero MotoSports Team Rally is one of India s flag-bearers in global rally racing The iconic golfer Tiger Woods is Hero MotoCorp s Global Corporate Partner Read more Be with the best Be your best Catch-up on all our Recruitment assessments - We at Hero are equal opportunity employer and committed to a policy of treating all its employees and job applications equally Some of our roles use assessments to help us understand how suitable you are for the role you ve applied to If you are invited to take an assessment this is great news It means your application has progressed to an important stage of our recruitment process