Job Description

Summary Salary: Competitive Team: Supplier Relationship Management Location: Singapore - Technology Centre

Job Summary:

We are seeking an experienced Commercial Cost Manager to join our Operations Commercial team, responsible for commercial cost management, aspects relating to Tier 1 suppliers. The commercial cost Manager will be responsible for managing all aspects of cost analysis regarding CM spends, support developing commercial cost strategy, and financial planning within the organisation. This role requires a strong analytical mindset, good communication skills, and a deep understanding of financial management principles.

Responsibilities:

Cost Control

• Conduct thorough analysis of costs, including Value added manufacturing cost, inbound logistics, labour, moulding and painting, to identify areas for improvement and cost-saving opportunities;
• Responsible for RFQ activities with tier 1 suppliers at the earlier stage of the product development process and cost maintenance along the development stage;
• Responsible for Tier 1 Supplier billing accuracy based on agreed structure with each supplier post production;
• Responsible for tier 1 supplier claims tracking and reporting;
• Develop and implement effective cost control measures, ensuring compliance with budgetary constraints and financial objectives;
• Monitor and evaluate cost performance against established benchmarks and provide regular reports to senior management

Commercial Cost Strategy

• Collaborate with the commercial team to develop and implement strategic plans and pricing strategies to maximize profitability and enhance customer value.
• Provide guidance and support to cross-functional teams on commercial and financial aspects of business proposals and cost negotiations.
• Define should cost for tier 1 related cost elements.

Financial Planning and Budgeting:

• Assist in the development and implementation of the annual budget, ensuring alignment with organizational goals and objectives.
• Conduct financial forecasting and modelling to support business decision-making and strategic planning.
• Monitor actual financial performance against budgeted targets, identifying variances and recommending corrective actions.

Stakeholder Collaboration:

• Collaborate with internal stakeholders, including finance, operations, to gather and analyse data, ensuring accurate cost billing and reporting;
• Act as a liaison between Commercial and other functions, providing financial expertise and guidance on commercial cost-related matters;
• Build and maintain strong relationships with external stakeholders, such as suppliers and clients, to ensure effective cost management and collaboration.

Qualifications and Requirements:

• Bachelor\'s degree in Finance, Accounting, Business Administration, or a related field. MBA or relevant professional certifications (e.g., CMA, CPA) are highly desirable.
• Proven experience in cost analysis, commercial strategy, or financial planning roles, preferably in a similar industry or organization.
• Strong analytical skills with the ability to gather, analyse, and interpret complex financial data.
• Proficiency in financial modelling and cost management techniques.
• Excellent negotiation and contract management skills.
• Advanced knowledge of financial management principles and practices.
• Exceptional communication and presentation skills, with the ability to convey complex financial concepts to non-financial stakeholders.
• Proficiency in financial software and ERP systems.

If you are a results-oriented professional with a keen eye for cost optimisation and commercial strategy and are eager to contribute to the financial success of our organization, we invite you to apply for the position of Commercial Cost Manager.

Dyson is an equal opportunity employer. We know that great minds don\'t think alike, and it takes all kinds of minds to make our technology so unique. We welcome applications from all backgrounds and employment decisions are made without regard to race, colour, religion, national or ethnic origin, sex, sexual orientation, gender identity or expression, age, disability, protected veteran status or other any other dimension of diversity.

Posted: 10 October 2023

Dyson