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Material Cost Finance - Analyst
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Ford Motor Company
Chennai, India
(on-site)
Posted 14 hours ago
Material Cost Finance - Analyst
Share Print
Ford Motor Company
Chennai, India
(on-site)
Job Type
Full-Time
Job Function
Engineering
Material Cost Finance - Analyst

The insights provided are generated by AI and may contain inaccuracies. Please independently verify any critical information before relying on it.
Material Cost Finance - Analyst
The insights provided are generated by AI and may contain inaccuracies. Please independently verify any critical information before relying on it.

Description

Job Description

The Financial Analyst, Post , is responsible for the ongoing financial analysis, reporting, and control of material costs for approved programs. This role involves deep dives into cost performance, variance analysis, forecasting, and partnering with cross-functional teams (e.g., engineering, purchasing, supply chain, program management) to ensure programs meet their financial objectives regarding material spend post-approval. The ideal candidate will possess strong analytical skills, a keen eye for detail, and the ability to translate complex financial data into actionable insights.

Responsibilities

  • Review & Concur to Change Management Request raised by Engineers for Design, Commercial, Quality etc.
  • Monitor and track actual material costs against approved program budgets and forecasts on an ongoing basis.
  • Prepare financial reports, dashboards, and presentations on material cost performance for various stakeholders, including program leadership, finance management, and executive teams.
  • Lead end to end ownership and deliverables from PD Finance for the specific Post programs
  • Prepare EBIT for operational view of profitability, making it a valuable metric for internal management to understand programs performance
  • Prepare Business Plan (BP) inputs on Product Cost, Price Strategy updates, etc.
  • Lead preparation of Cost PAT data relating to material cost and investment levels and review status regularly with Chief Program Engineer (CPE) and Program Management
  • Support Programs right from Milestone to taking care of entire end-to-end ownership as Finance lead. Perform reviews with senior management for all Major Programs
  • Work on automation projects, develop interactive dashboards that highlight trends on program financials Post Program Approval () that help leadership decision making
  • Understand and support financial analysis for special studies (e.g., Feature introduction, mix changes, etc.)
  • Conduct in-depth variance analysis on material costs, identifying deviations from budget and prior forecasts.
  • Investigate root causes of cost variances (e.g., design changes, supplier price changes etc.) and communicate findings clearly.
  • Provide financial input and analysis for program change requests that impact material costs.
  • Ensure adherence to financial policies, procedures, and internal controls related to material cost management.
  • Identify potential financial risks and opportunities related to material costs within approved programs and propose solutions.
  • Act as a key finance business partner to program managers, engineering leads, and procurement specialists, providing financial insights and guidance on material cost implications.
  • Participate in program reviews and CPE meetings, offering financial perspectives and challenging assumptions where necessary.
  • Facilitate discussions and drive alignment between technical and financial teams regarding cost targets and performance.
  • Continuously seek opportunities to improve material cost tracking, reporting, and analysis processes and tools.


Qualifications

Education: Master Degree in Business Administration, MBA, CMA & CA

Technical Skills:

Advanced proficiency in Microsoft Excel (pivot tables, VLOOKUPs, financial modeling).

Familiarity with data visualization tools (e.g. Qliksense, Power BI) is a plus.

Analytical Skills: Strong analytical, problem-solving, and data interpretation skills with a high attention to detail. Ability to synthesize complex information and present it clearly.

Communication: Excellent written and verbal communication skills, with the ability to effectively interact with all levels of the organization.

Interpersonal Skills: Proven ability to build strong working relationships and collaborate effectively with cross-functional teams.

Mindset: Proactive, self-motivated, and results-oriented with a strong sense of ownership and accountability.

Job ID: 80240651
Ford Motor Company
Please refer to the company's website or job descriptions to learn more about them.
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