Financial Optimization Specialist

5 days ago

Kottayam, Kerala, India beBeeCosting Full time ₹ 20,00,000 - ₹ 25,00,000
Job Profile

This is a high-level role that requires the candidate to have experience in financial management and cost optimization. The ideal candidate should be able to analyze complex data, identify areas of cost savings, and develop strategies to optimize costs.

Key Responsibilities:
  • Ensure timely project cost settlement for various parts.
  • Protect margins on part costs as per customer requirements.
    • Roles & Responsibilities:
      • Settle costs with suppliers using Zero base costing (ZBC) and Total Cost of Ownership (TCO) methodology.
      • Monthly commodity monitoring for expenses and analysis.
      • Raw material price amendments - monthly, quarterly, or half-yearly.
      • Visit suppliers to understand their capabilities on cost drivers and areas of improvement.
      • Optimize input raw materials and post-operation expenses.
      • Settle Machine Hour Rate (MHR) with suppliers for competitive pricing.
      • Spend analysis for generating cost-saving ideas.
      • Negotiate with suppliers after proper analysis.
Required Knowledge:
  • Process understanding - drawing, forming processes, machining processes, surface finishing processes.
  • Understanding of raw material grades.
  • Quality systems - knowledge of core tools - APQP, PPAP, FMEA, SPC, MSA.
  • Process understanding - rubber/injection molding/blow molding.
  • Understanding of process details and machine MHR rates.
  • Understanding of raw material rates.
  • AUTOCAD/3D software knowledge with some experience.
  • Knowledge of location-wise labor rate, landed electricity charges, and detail break-ups.
  • Knowledge of skill set enhancement methodology to improve productivity and efficiency.
  • Knowledge of line balancing, KANBAN, JIT, and TQM techniques.
  • Knowledge of existing tax structures and legal compliance.
Key Skills:
  • Analytical skills - costing.
  • Presentation skills.
  • Communication skills.
  • Negotiation skills.

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