Cost Optimization Specialist

3 days ago


Chennai, Tamil Nadu, India ESAB Full time
Job Description

ESAB is seeking a highly skilled Cost Optimization Specialist to join our team.

About the Role

This is an exciting opportunity for a seasoned professional with expertise in cost analysis, manufacturing finance, and data-driven decision making. As a Cost Optimization Specialist, you will play a critical role in driving business growth by optimizing costs, improving efficiency, and ensuring compliance with financial regulations.

Key Responsibilities
  • Conduct thorough cost analysis of material, labor, and overhead costs for all major ESAB locations, providing actionable insights to inform strategic decisions.
  • Evaluate production processes, identify inefficiencies, and recommend cost-saving initiatives to drive business growth.
  • Collaborate with cross-functional teams to review budgets and standard costs, ensuring alignment with company objectives and targets.
  • Develop and implement cost-saving solutions, leveraging advanced Excel skills and proficiency in ERP systems such as SAP or Oracle.
Requirements

To be successful in this role, you will need:

  • A Bachelor's degree in Finance, Accounting, Business Administration, Industrial Engineering, or a related field.
  • Proven experience in cost analysis, manufacturing finance, or a related role in the manufacturing industry.
  • Familiarity with manufacturing practices in at least 2 industries or regions.
  • Strong analytical mindset, attention to detail, and ability to interpret data to provide actionable insights.
  • Effective communication and presentation skills, with the ability to collaborate with cross-functional teams.
What We Offer

We offer a competitive salary range of $80,000 - $110,000 per year, depending on experience, plus a comprehensive benefits package, including health insurance, retirement plan, and paid time off.

Work Environment

This is an office-based role with occasional travel to manufacturing sites, requiring adaptability and multitasking in a fast-paced environment.



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