Deputy Manager - Program Material Cost Finance
Ford Motor india pvt limited · Chennai · onsite · Posted 62d ago
Undisclosed5–10 yrsfulltimeSourced from
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About this role
We are seeking a detail-oriented finance professional with strong cost analysis and business partnering capabilities to support material cost management across key vehicle programs. The successful candidate will lead cost governance activities, evaluate engineering and supplier-driven cost changes, support budgeting processes, and provide analytical insights that drive profitability and informed decision-making.
This role requires strong analytical skills, cross-functional collaboration, and experience in product costing, financial planning, and automotive manufacturing environments.
Responsibilities
Material Cost Analysis Benchmarking
- Conduct internal and external material cost benchmarking against competitor vehicles to identify cost gaps, root causes, and improvement opportunities.
- Analyze component and system-level cost structures to support strategic sourcing and product cost competitiveness.
Cost Optimization
- Partner with Engineering, Purchasing, and Program teams to identify, evaluate, and implement cost reduction opportunities.
- Track and monitor cost-saving initiatives and provide visibility into realized and projected savings.
Cost Management Governance
- Manage, control, and reconcile vehicle Bills of Materials (BOMs) across Ranger and Everest programs, ensuring cost accuracy across all vehicle variants and trim levels.
- Maintain cost integrity and support governance processes throughout the product development lifecycle.
Budgeting Investment Support
- Support the development, tracking, and auditing of program material cost and vendor tooling budgets.
- Monitor capital investment performance and ensure spending aligns with approved business objectives.
Change Management Business Case Evaluation
- Assess proposed engineering design changes, supplier price updates, and cost reduction initiatives for financial impact.
- Prepare business cases, approval documentation, and decision-support materials for stakeholders.
- Track risks, opportunities, and potential cost impacts through established governance processes.
Financial Analysis Reporting
- Review and validate cost assumptions, supplier agreements, and engineering estimates to ensure alignment across functions.
- Develop and maintain feature cost evolution analysis and vehicle cost reporting to track cost changes across markets and model years.
- Conduct profitability analysis, including Internal Rate of Return (IRR), return on investment, and net savings evaluations.
- Support annual business planning, forecasting, budgeting, and financial reconciliation activities.
Stakeholder Management
- Present cost analysis, recommendations, and financial insights to program leaders and senior management.
- Collaborate effectively with cross-functional teams to support cost-related decision-making.
Required Qualifications
- MBA in Finance, CMA, CA
- 5+ years of experience in finance, product costing, automotive cost management, manufacturing finance, or related fields.
- Strong analytical and financial modeling skills.
- Experience working with Bills of Materials (BOMs), product costing, budgeting, and financial analysis.
- Advanced proficiency in Microsoft Excel and financial reporting tools.
- Strong communication and stakeholder management skills.
- Ability to work effectively in a cross-functional environment.
Preferred Qualifications
- Experience within the automotive industry.
- Knowledge of vehicle component costing and supplier pricing structures.
- Familiarity with profitability analysis, business case development, and investment evaluation techniques.
- Experience supporting vehicle development programs or manufacturing operations.
Sourced from naukri
Skills
Engineering DesignCostingAuditinganalytical thinkingAutomotivecost reportingChange ManagementCost Reductionautomotive industryBusiness PartneringBusiness Planningautomotive manufacturingBudgetingfinanceCost AnalysisCMA
About Ford Motor
Ford Motor india pvt limited
Automobile
14k+
employees
1903
123 years old
Chennai, Tamil Nadu
India
₹15L PA avg
Avg at Ford Motor
About
Since 1903, Ford Motor has helped to build a better world for the people and communities that they serve.
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