Should Cost Manager

TE Connectivity Corporation; India; Remote; INR 1,200,000 - 2,400,000; Full time

Benefits offered by this job

Competitive Salary Package

Performance-Based Bonus Plans

Health and Wellness Incentives

Community Outreach Programs / Charity

Employee Resource Group

Job summary

TE Connectivity is seeking a Should Cost Manager to develop robust costing methodologies tailored to ICT business needs. You will lead should-cost modeling, cost data analysis, and collaboration with Engineering, PM, Procurement and Plant Finance to improve margins.

You will manage a team of should cost engineers, drive continuous process improvement, and work with external partners on cost targets. Fluent English and a strong engineering background are essential.

Qualifications

• Master's degree in engineering with specialization in Production and Finance.
• 5–8 years in an industrial environment; automotive industry experience preferred.
• Technical knowledge in products and manufacturing processes.
• Ability to provide qualitative and reliable information.
• Strong communication skills and autonomy.
• Fluent English communication.

Responsibilities

• Develop and implement should-cost models and target cost activities with external partners.
• Analyze and consolidate cost information, BOMs, investments and costing data.
• Collaborate with Engineering, PM, Procurement and Plant Finance to drive margin improvement.
• Coach should-cost engineers and support continuous improvement of tools and methodologies.

Skills

Strong communication

Fluent English

Education

Master's degree in engineering (Production & Finance)

Job description

At TE, you will unleash your potential working with people from diverse backgrounds and industries to create a safer, sustainable and more connected world.

Job Description:

Job Overview

The Should Cost Manager’s primary responsibility is to develop a robust costing methodology based on should costing principles tailored to ICT business requirements. Enabling realistic and achievable cost estimations while highlighting areas for improvement through cross-functional teamwork.
Actively contributing to implementation and continual improvement on organization of should-cost strategy.
Collaborating across different departments, consolidating cost and process information, ensuring compliance, and provides insights for increase profitability.

Your Main Tasks

1. Should Cost Model development and implementation:

• Implementation and organization of should-cost model/ target cost activities with external partners for the continuous improvement of the price level and standards
• Estimate costs based on defined product basis (BOM), utilizing should cost calculation system and database.
• Maintain consistency between costing, product process definition, and support functions' inputs.
• Provide real-time updates, gap analysis, and directional cost assessments to internal customers.

2. Cost Information Analysis:

• Analyse and challenge provided cost information.
• Gather and consolidate part prices, investments, and costing data for defined products and potential industrial paths.
• Provide cost information status and ongoing monitoring with detailed follow-up and traceability.

3. Key function for Engineering, PM, PjM, Procurement and Plant Finance

• Work closely with product engineering during the product development phase and support analysis of component cost to help drive margin improvement.
• Participate in technical choices and hypotheses during the sourcing phase together with acquisition team.
• Support sales and purchasing in customer and external supplier negotiations (CBDs).
• Support PjM/PM in preparing CER financials, including risk and opportunity TPA estimates.
• Work with Plant finance for forward costing opportunities and make vs buy.

4. Team Management and Continuous Improvement:

• Enhance and utilize existing software to support these processes (tSet)
• Ensure templates are up-to- and extend them for project finance activities.
• Manage and coach should cost engineers.
• Support continuous improvement processes related to tools and methodologies.

Your Ideal Background

• Master's degree in engineering with a specialization in Production and Finance
• Minimum 5 to 8 years of experience in an industrial environment, including technical experience in production or manufacturing engineering // Automotive industry experience is preferred.
• Technical knowledge in products and manufacturing processes
• Ability to provide qualitative and reliable information
• Strong communication skills and autonomy.
• Fluent communication in English.

Competencies

SET : Strategy, Execution, Talent (for managers)

ABOUT TE CONNECTIVITY

TE Connectivity plc (NYSE: TEL) is a global industrial technology leader creating a safer, sustainable, productive, and connected future. As a trusted innovation partner, our broad range of connectivity and sensor solutions enable the distribution of power, signal and data to advance next-generation transportation, energy networks, automated factories, data centers enabling artificial intelligence, and more.

WHAT TE CONNECTIVITY OFFERS

• Competitive Salary Package
• Performance-Based Bonus Plans
• Health and Wellness Incentives
• Community Outreach Programs / Charity Events
• Employee Resource Group

Across our global sites and business units, we put together packages of benefits that are either supported by TE itself or provided by external service providers. In principle, the benefits offered can vary from site to site.

Job Locations:

Posting City: India

Job Country: India

Travel Required: Less than 10%

Requisition ID: 161175

Workplace Type: Remote

External Careers Page: Finance & Accounting