Chief Cost Savings Officer
3 days ago
Cost Optimization Specialist
Purpose:
The Cost Optimization Specialist will be responsible for managing and streamlining costs associated with the production of goods, ensuring financial efficiency and profitability. He/she is accountable for overseeing the program, including managing timelines and tracking milestones.
Key Responsibilities:
- Formulate comprehensive cost estimates for volume programs.
- Conduct thorough project analyses to identify cost-saving opportunities.
- Collaborate with Business Control to scrutinize cost variances and provide strategic recommendations for cost optimization.
- Execute risk assessments to evaluate potential impacts on projects.
- Develop and implement strategies to mitigate cost-related risks.
- Prepare and deliver detailed cost-reduction reports and roadmaps to internal and external stakeholders on a regular basis.
- Maintain precise and up-to-date documentation of all cost management activities.
Qualifications & Experiences:
- Possession of a bachelor's degree in finance, accounting, engineering, or a closely related discipline.
- At least 3 years of relevant experience and demonstrated expertise in cost management or financial analysis within an engineering context.
- Proficiency in Microsoft Office applications, with expertise in MS Excel and PowerPoint.
- Exceptional analytical and problem-solving abilities.
- Superior communication and negotiation skills.
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