Title: Manager - Cost Management

Location: Whitefield, Bengaluru [Onsite]

About River:

River is an electric vehicle company building multi-utility scooters. At River, we’re building scooters of tomorrow for the ambitious youth of today. Because we believe people only need two things to achieve success: the desire to make it to the top, and the means to get there.

With our flagship product River Indie, SUVofScooters, is designed to help you get things done. Engineered to be a dependable ally on your road to success. We are backed by marquee international investors - these are mobility focused funds backed by Yamaha Motors, Al-Futtaim Automotive Group, Toyota VC and Maniv Mobility.

Key Responsibilities:

• Contribute to the creation and implementation of best practice, cost estimating vision, strategy, policies, processes and procedures to aid and improve operational performance at River
• Ensure the organization has a robust cost estimating process in place to meet production/project requirements and in line with quality standards
• Support continuous improvement through cost engineering techniques and processes, identifying inefficiencies and cost optimisation opportunities
• Utilize cost methodologies and tools and appropriate software models and packages to prepare and maintain reliable and accurate data
• Ensure professional and consistent cost engineering management processes are applied in the business
• Ensure appropriate monitoring, reporting systems and procedures are in place to meet objectives
• Provide strategic and operational information and reports to share with others as and when required
• Manage, coach and develop a high performing cost estimating team that meets agreed objectives and which delivers best practice results, added value and continuous improvements
• Set department objectives/KPIs and review and assess ongoing performance of direct reports
• Report on achievement of targets and identify any actions required
• Ensure that the function operates in accordance with any health, safety and environmental policies and procedures to ensure the safety and wellbeing of self, staff and visitors
• Prepare, assess , control & monitor fixed & escalation ( commodity, forex , inflation) budgets
• Develop and maintain strong relationships with internal and external stakeholders to ensure optimal performance
• Stay up to date with changes and support stakeholders with project changes ensuring all associated costs are identified and tracked against the budget
• Oversee supplier quotations to ensure meets ‘should cost’ estimates
• Support supplier meetings and negotiations to challenge quotation prices and aim for cost reductions to meet target costs
• Work closely with the Strategic Sourcing team to ensure purchasing strategies are maximized.

Ideal Candidate:

• Bachelor's/Master’s degree in engineering/ ICWA with 12 + years in automotive supply chain is preferred.
• Significant experience of cost estimating or finance in preferably the automotive industry and/or manufacturing/engineering environment
• Strong IT systems knowledge and skills including advanced Excel skills
• Experience of using spreadsheets and complex estimating, pricing models and cost management tools
• Demonstrable track record of adding significant value and optimizing costs
• Experience of delivering results through cross-functional working
• High degree of knowledge and understanding of a variety of manufacturing/automotive processes and components and ability to evaluate and analyze associated costs