Should Costing Manager (Pune/Bangalore, India)

About SKF

SKF started its operations in India in 1923. Today, SKF provides industry leading automotive and industrial engineered solutions through its five technology-centric platforms: bearings and units, seals, mechatronics, lubrication solutions and services. Over the years the company has evolved from being a pioneer ball bearing manufacturing company to a knowledge-driven engineering company helping customers achieve sustainable and competitive business excellence.

SKF's solutions provide sustainable ways for companies across the automotive and industrial sectors to achieve breakthroughs in friction reduction, energy efficiency, and equipment longevity and reliability. With a strong commitment to research-based innovation, SKF India offers customized value-added solutions that integrate all its five technology platforms

.To know more, please visit: www.skf.com/i

n
SKF India has been recognized as a Top Employer 2024 by the Top Employers Institute, acknowledging excellence in People Practice

s.To know more, please visit: https://www.skf.com/in/news-and-events/news/2024/2024-01-18-skf-india-recognized-as-top-employer-2024-by-top-employers-institu

te
About Automot

iveSKF is a leading global supplier in the automotive industry, providing solutions for various applications such as wheel end, powertrain, driveline, and suspension. SKF's automotive business is focused on delivering innovative solutions to OEMs and the aftermarket. The company has a strong presence in the automotive market, with a range of products and services designed to improve performance, reduce friction, and increase efficiency. SKF's automotive business is constantly evolving to meet the changing needs of the industry, with a focus on sustainability, electrification, and digitalizati

on.
SKF Purpose State

mentTogether, we re-imagine rotation for a better tomor

row.By creating intelligent and clean solutions for people and the pl

anet
JOB DESCRI

PTION

Job Title: Should Costing

ManagerReports To: Head Produ

ct lineRole Type: Individu

al RoleLocation: Pune / Ba

ngalore
MAIN PURPOSE OF THE

POSITIONThe Should Costing Analyst will play a critical role in analyzing and optimizing product costs through comprehensive should-cost analysis. This position requires strong analytical skills, attention to detail, strong manufacturing process knowledge and the ability to collaborate effectively with cross-functiona

l teams.
Conduct Should-Cost Analysis: Analyze the cost components of products, materials, and services to determine should-cost estimates based on factors such as raw material prices, manufacturing processes, labor costs, and overhead

expenses.
Cost Modeling: Develop and maintain cost models to accurately estimate the cost of products throughout their lifecycle, including prototyping, production, and post-producti

on phases.
Identify Cost Optimization Opportunities: Identify opportunities to optimize costs through value engineering, process improvements, supplier negotiations, and alternative sourcing

strategies.
Collaborate with Cross-Functional Teams: Work closely with engineering, procurement, manufacturing, suppliers, and finance teams to gather relevant data, validate assumptions, and recommend cost-saving

initiatives.Monitor Cost Performance: Track and monitor actual costs against should-cost estimates, identifying and communicat

e variances.
Continuous Improvement: Drive continuous improvement initiatives related to cost analysis methodologies, tools, and processes to enhance accuracy, efficiency, and e

ffectiveness.
ORGANISATION OF

THE DIV / DEPTThe position belongs to the Automotive ISEA and reports to the Director -Automotive OE

Business ISEA
GENERAL CHARACTERISTICS OF THE POSITION / CA

• NDIDATE PROFILEBachelor's degree in mechanical engineering, Business Administration, Finance, or related field. Advanced degree or relevant certifications (e.g., Certified Cost Estimator/Anal
• yst) preferred.10 to 15 years of experience in cost analysis, should costing, or related fields, preferably in Auto / Auto comp
• onent industry.Strong analytical skills with proficiency in quantitative analysis, financial modeling, and data
• interpretation.Proficient in manufacturing processes like forging, machining, stamping and die casting, turning, honing, grinding, rubber and plastic molding, assembly
• and inspection.Expertise in cost estimation techniques, including should-cost modeling, bottom-up estimating, analogous estimation, activity based cost estimation and paramet
• ric estimating.Excellent communication and interpersonal skills with the ability to effectively collaborate and influence stakeholders
• at all levels.Proficiency in Microsoft Excel, cost modeling software, a
• nd ERP systems.Proven track record of driving accurate cost estimation and cost-saving initiatives and achieving meas

urable results.
DESCRIPTION O

• F THE ACTIVITIESRegular review of the current cost structure for both existing and new parts and evaluate the actual cost through should
• costing models.Engage with manufacturing, suppliers, tool manufacturers to process and cost optimization to imp
• rove cost levelsClosely work with Sales and Business development team to support pricing and profitable bus
• iness proposals.Review non profitable parts and evaluate and propose cost optimization actions and proposals to releva
• nt teams in FVC.Develop a robust cost estimate model factoring past sales / price data and mar
• ket information.Regularly update leadership team on the cost level progression and suggest cost improvem

ent init

• iatives.Metrics Cost level optimization (R
• eduction in MCL)Product line profitabi

lity improvement
Interested candidate/s can share their resume to so