Cost Analyst

Cost Analyst

Procurement

M3 to M5

Purpose of the job is to develop cost models, work out should be cost with a view to set cost targets & benchmarks in order to improve sourcing efficiency.
The role requires expertise in cost assessment across various product categories and manufacturing technologies. This position will require to partner with buyers / sourcing engineers to facilitate optimize their procurement costs.

Your key responsibilities will include, but not limited to:
- Zero based costing of parts of various product categories and manufacturing technologies (Fabrication / Machining / Moulding / Casting / proprietary etc)
- Study of existing norms and identify opportunity for improvements
- Evaluation and assessment of should be cost
- Support buyer for cost improvements
- Identify alternate methods / processes for cost efficiencies
- Identify pool of alternates who can provide innovative / competitive products.

Drive cost benchmarking to identify opportunities & support implementation
Workout targets & KPIs for the respective categories of parts
Engage internal stake holders (CIT / Sourcing etc) as well as suppliers to firm up design based upon target cost.

Engineering Graduate, Preferably MBA
8 to 12 yrs experience

Strong analytical skills with the ability to conduct cost analysis & prepare strategies
MS Powerpoint
MS EXCEL
Cost modelling
Zero based budgeting and other such models

Good communication skill
Presentation skills
Ability to conceptualize & work independently
Self-motivated
Drive for result

As the world's largest manufacturer of motorcycles and scooters for the last 22 years, Hero is where you will get to work with the brightest innovators, passionate about being the best in what they do. You will become a part of India's proudest legacy, a brand that is celebrated by 110 million Indians and is now taking over the world with its manufacturing superpower. If you are someone who dreams big and goes after their dreams with absolute conviction, Hero is your place to be. At Hero, we are building a cutting-edge future of mobility, pushing frontiers of innovation and aiming for the very best. Choose to be with the best, choose to be your best.

Headquartered in New Delhi (India), Hero MotoCorp is the world's largest manufacturer of motorcycles and scooters for 22 consecutive years. We are at the forefront of developing modern, technologically superior and eco-friendly mobility solutions for its millions of customers around the world.

Hero MotoCorp has rapidly transformed into a true multinational organization with a presence in 47 countries across Asia, Africa, Latin America and the Middle East.

We have achieved the coveted milestone of 110 million cumulative production and sales since inception. Aligned with its Vision "Be the Future of Mobility", Hero MotoCorp plans to achieve its next 100 million sales by 2030.

We have a globally benchmarked manufacturing and Research & Development (R&D) ecosystem that is spread across global geographies. Its R&D facilities are located in India and Germany - the Centre of Innovation and Technology (CIT) at Jaipur, India, and the Tech Centre Germany (TCG), near Munich. Hero MotoCorp's eight 'green' manufacturing facilities are spread across India (6), Colombia (1) and Bangladesh (1).

Hero MotoCorp is the pre-eminent leader in the Indian two-wheeler market. It is the only motorcycle manufacturing company listed in Dow Jones Sustainability Index.

In 2022, Hero MotoCorp launched a separate brand for emerging mobility solutions, including Electric Vehicles (EV) - VIDA, Powered by Hero. VIDA has commenced sales of VIDA V1 – its first EV – in India and plans to launch the product in global markets.

We are one of the largest global corporate promoters of multiple sporting disciplines. Hero is globally associated with golf, football, field hockey, cricket and motorsports. Hero MotoSports Team Rally is one of India's flag-bearers in global rally racing. The iconic golfer Tiger Woods is Hero MotoCorp's Global Corporate Partner.

Read more about us.

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Recruitment assessments – We at Hero are equal opportunity employer and committed to a policy of treating all its employees and job applications equally. Some of our roles use assessments to help us understand how suitable you are for the role you've applied to. If you are invited to take an assessment, this is great news. It means your application has progressed to an important stage of our recruitment process.