Dow is hiring Senior Cost Management Specialist 2024 | Apply Now

Role: Senior Cost Management Specialist

Role: Dow Chemical International Private Limited

Experience: 6 – 11 years

Salary: Not Disclosed

Location: Chennai

About Dow Company

At Dow, we combine the energy of technology and generation to passionately innovate what is important to human development. We are riding upgrades that extract a price from the material, polymer, chemical, and organic technological understand-how to assist address the various world most tough issues which include the need for smooth water, clean strength era and conservation, and growing agricultural productiveness. 

Senior Cost Management Specialist

The Senior Cost Management Specialist will oversee and control charge-related sports for most critical duties and duties. This function requires deep statistics of price control standards, brilliant analytical abilities, and the ability to work collaboratively with several departments to ensure initiatives are delivered inside finances.

Senior Cost Management Specialist Key Responsibilities:

Cost Planning and Estimation:

Develop and maintain distinct fee estimates for initiatives, making sure accuracy and comprehensiveness.

Establish price baselines and budgets, aligning with task goals and financial constraints.

Perform fee-benefit analysis to evaluate the economic viability of initiatives.

Budget Management:

Monitor venture budgets and expenses to make certain alignment with financial plans.

Identify and study variances between real prices and budgeted prices, and put in force corrective actions as wished.

Prepare normal monetary critiques for senior managers, highlighting key price drivers and capability dangers.

Cost Control and Optimization:

Implement effective charge control measures to govern challenge costs and decrease useless fees.

Conduct fee engineering and value-saving duties to optimize assignment prices.

Collaborate with procurement and supply chain corporations to barter charge-effective contracts and agreements.

Forecasting and Financial Analysis:

Develop financial forecasts and projections for useful resource strategic making plans and selection-making.

Conduct a thorough financial evaluation to understand developments, opportunities, and dangers.

Utilize superior financial modeling strategies to resource mission reviews and enterprise times.

Stakeholder Collaboration:

Work carefully with project managers, engineers, and unique stakeholders to make sure cost control practices are incorporated into task-making plans and execution.

Provide guidance and assist to challenge groups on price-associated topics, fostering a lifestyle of price focus and duty.

Communicate efficiently with clients, companies, and subcontractors regarding price problems and resolutions.

Compliance and Reporting:

Ensure all value management sports activities study relevant hints, requirements, and internal recommendations.

Maintain correct and up-to-date statistics of all rate-associated sports and documentation.

Generate comprehensive charge reports and dashboards for executive management.

Senior Cost Management Specialist Qualifications

Education: Bachelor’s degree in Finance, Accounting, Business Administration, Engineering, or an associated discipline. A Master’s degree or professional certifications (e.g., CMA, CPA, PMP) are especially ideal.

Experience: Minimum of 7-10 years of enjoy in charge control, undertaking finance, or an associated area, preferably inside [specific industry].

Senior Cost Management Specialist Skills

• Strong analytical and quantitative competencies.
• Proficiency in rate manipulation software and financial modeling tools.
• Excellent communique and interpersonal skills.
• Ability to work independently and as a part of a multidisciplinary crew.
• In-intensity understanding of value control principles, methodologies, and exceptional practices.

Senior Cost Management Specialist Key Competencies

• Attention to Detail: Meticulous in studying and dealing with prices, making sure of accuracy and consistency.
• Strategic Thinking: Ability to look at the big photo and align price control sports with organizational dreams.
• Problem-Solving: Strong functionality to discover value-associated problems and develop powerful answers.
• Decision-Making: Capacity to make informed picks based totally on comprehensive monetary analysis.
• Collaboration: Effective in working with various companies and fostering collaborative surroundings.

Work Environment:

The Senior Cost Management Specialist will artwork in an administrative center with occasional visits to mission websites as needed. The function also can require running beneath tight time limits and handling multiple obligations concurrently, necessitating robust organizational and time management capabilities.

Compensation and Benefits:

[DOW] offers a competitive sales and advantages package, which incorporates standard overall performance-based total bonuses, medical insurance, retirement plans, and opportunities for expert development and career advancement.

Senior Cost Management Specialist Application Process:

Interested candidates are invited to post their resume and cover letter to [contact email] by way of the usage of [application deadline]. Please include “Senior Cost Management Specialist Application” within the challenge line.

Equal Opportunity Employer:

[Company Name] is the same opportunity organization. We have a laugh diversity and are dedicated to developing an inclusive environment for all personnel.

Apply Now: Senior Cost Management Specialist

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