Global NPI Cost Modeling Lead

3 weeks ago

Bengaluru, Karnataka, India TE Connectivity Full time

Job Overview

At TE Connectivity, you will have the opportunity to work with a diverse group of people from various backgrounds and industries to create a safer, sustainable, and more connected world. Our Engineering Project Management Teams are responsible for managing cross-functional engineering projects.

Roles & Responsibilities:

The Sr Manager Global NPI Cost Modeling position 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:

  • 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.
  • 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.
  • 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.
  • 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.
  • 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.
  • 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:

  • A bachelor's degree in finance, accounting, engineering, or a related field is required. An advanced degree (MBA, master's in finance) is preferred.
  • 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.
  • Proficiency in financial modeling software and tools (e.g., Excel, ERP systems, cost modeling software). Knowledge of cost accounting principles and manufacturing cost structures.
  • Strong analytical and problem-solving abilities, with a demonstrated ability to manage and interpret complex financial data.
  • Excellent written and verbal communication skills, with the ability to present complex information to diverse audiences.
  • Experience working in a global or multi-national environment, with an understanding of regional cost factors and market dynamics.
  • Proven ability to lead and mentor teams, manage cross-functional projects, and drive strategic initiatives.

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