Strategic Cost Analyst

1 month ago


Bengaluru, Karnataka, India Garrett - Advancing Motion Full time

The role of Strategic Cost Analyst at Garrett - Advancing Motion requires a professional to analyze Direct Material Costs at Product Level and examine Procurement Results, identifying overall material cost impact. This position involves managing IT developments such as Power BI dashboards and prioritizing improvement ideas.

Responsibilities:

• Analyze the Direct Material model for both Actual and Forecasted values.

• Provide analysis on all material cost accounts (NPI Scrap, Mix impact, FX Impact) and explain variance versus baseline (Prior Year, Official Forecast, AOP) for entire Garrett material cost.

• Build reports and databases for Material Cost to provide analysis on Material cost walk vs Prior year, 5+7, 8+4 and AOP presentation.

• Monthly, Quarterly, and Year-end Accrual management (FIFO, Parked invoices, Inventory revaluation)

• Prepare monthly risks and opportunities versus given baseline and share with Core FP&A team

• Key contact for inputs to central FP&A team related to Garrett Material Cost, Material Productivity in Garrett, and inputs to controllership for all accounting bookings

• Drive standardization between Garrett entities on Material cost accounts and how they are used in accounting entries

• Make connection between Material cost results and Impact on Material Margin, offering support to solve strange material margin

• Build Database of Material cost for Volume Variance analysis and challenging assumptions of material cost.

• Develop Reporting Structure for Material Cost using Power BI or other visualization Dashboards.

• Manage IT projects within the team and drive improvement ideas.



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