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Global NPI Cost Modeling Senior Manager

2 months ago

Bengaluru, Karnataka, India TE Connectivity Full time

At TE Connectivity, you will have the opportunity to work with a diverse team of professionals to create innovative solutions for a safer, more connected, and sustainable world.

Job Overview

TE Connectivity's Engineering Project Management Teams are responsible for managing cross-functional engineering projects. They work closely with Product Management, Sales, Quality, Manufacturing, Finance, and other functions across TE to ensure projects meet financial, schedule, and customer expectations.

Roles & Responsibilities:

The Global NPI Cost Modeling Senior Manager will be responsible for developing, implementing, and managing comprehensive cost models for the connector industry on a global scale. This role requires expertise in cost analysis, financial modeling, and cost management strategies specific to the connector and cable manufacturing sector.

Key Responsibilities:

1. Cost Modeling Development:
• Design and develop global cost models for connector and cable products, including direct materials, labor, overhead, and other relevant cost components.
• Utilize advanced financial modeling techniques to forecast costs and profitability, incorporating factors such as raw material prices, manufacturing processes, and supply chain logistics.

2. Data Analysis and Validation:
• Gather and analyze data from multiple sources to ensure the accuracy and reliability of cost models.
• Validate assumptions and inputs used in cost models through rigorous testing and review.

3. Cost Management and Optimization:
• Identify cost drivers and potential areas for cost reduction or efficiency improvements within the connector and cable manufacturing process.
• Collaborate with cross-functional teams to implement cost-saving measures and track their effectiveness.

4. Financial Reporting and Communication:
• Prepare and present cost modeling reports and analyses to senior management, highlighting key insights, trends, and recommendations.
• Communicate complex cost modeling concepts and results to non-financial stakeholders in a clear and actionable manner.

5. Global Coordination:
• Coordinate with regional finance teams to ensure consistency and alignment of cost models across different markets and production facilities.
• Address region-specific cost challenges and tailor models to local requirements and conditions.

6. Continuous Improvement:
• Stay updated on industry trends, best practices, and technological advancements related to cost modeling and financial analysis.
• Continuously refine and improve cost modeling processes and tools to enhance accuracy and efficiency.

Requirements:

• Education: A bachelor's degree in finance, accounting, engineering, or a related field is required. An advanced degree (MBA, master's in finance) is preferred.
• Experience: A minimum of 7-10 years of experience in cost modeling, financial analysis, or cost management, with at least 3 years in a managerial or leadership role. Experience in one (or more) automotive, electronic hardware, connectors, cables, power tools/appliances, or manufacturing industry is highly desirable.
• Technical Skills: Proficiency in financial modeling software and tools (e.g., Excel, ERP systems, cost modeling software). Knowledge of cost accounting principles and manufacturing cost structures.
• Analytical Skills: Strong analytical and problem-solving abilities, with a demonstrated ability to manage and interpret complex financial data.
• Communication Skills: Excellent written and verbal communication skills, with the ability to present complex information to diverse audiences.
• Global Perspective: Experience working in a global or multi-national environment, with an understanding of regional cost factors and market dynamics.
• Leadership: Proven ability to lead and mentor teams, manage cross-functional projects, and drive strategic initiatives.

Personal Attributes:

• Detail-oriented and results-driven.
• Strong organizational and time management skills.
• Ability to work independently and as part of a team.
• Adaptability and a proactive approach to problem-solving.