Ford is a family company, one that spans the globe and has shared ideals. We value service to each other and the world as much as to our customers. Generations have made their memories with us and included us in their hopes and dreams. After 117 years, we’re used to adapting to and leading change. That’s why we’re evolving to focus on services, experiences and software as well as vehicles.
VACANCY DETAILS :-
POST NAME - Deputy Manager Program Material Cost Finance
QUALIFICATION - CA/CMA/MBA
EXPERIENCE - 5 Years
LOCATION - Chennai
JOB DESCRIPTION :-
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.
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