Job Information Department Name Finance Date Opened 03 19 2025 Job Type Full time Industry Health Care City Bangalore South State Province Karnataka Country India Zip Postal Code 560068 Building world-class hardware and running an integrated production operation requires significant investment - and smart management of costs can be the difference between a sustainable business and one that falters As Lead Cost Analytics Finance Control at Ultrahuman you will be the financial detective and strategist ensuring that our deep engineering efforts are also economically sound This isn t just about cutting costs it s about understanding them at a granular level and guiding the company to invest wisely You ll work in tandem with engineering production and supply chain teams to illuminate how every design choice manufacturing step or supply decision impacts our bottom line In a culture inspired by first principles you ll delve into cost structures from the ground up much like analyzing each part in a Tesla car s bill of materials to optimize value Your insights will help Ultrahuman deliver superior products while driving efficiency and maintaining healthy financial control Responsibilities Comprehensive Cost Analysis Develop a deep understanding of Ultrahuman s cost structure across the board - from component costs in our devices sensors chips materials to manufacturing expenses labor machine time yields and logistics freight duties warehousing Create models that map out how costs accumulate through the value chain and identify key cost drivers Financial Control Reporting Own the process of tracking actual costs vs budgets or targets Establish robust cost accounting practices that allow real-time or monthly visibility into cost performance Provide regular reports to leadership that highlight areas of concern or overspend and areas where we are performing better than expected Cost Optimization Projects Proactively identify tactical and strategic opportunities to optimize costs This could mean working with the engineering team to suggest a design change that uses a more affordable material without quality loss renegotiating with suppliers for better volume discounts or finding efficiencies in production like reducing waste or energy usage Lead cross-functional task forces as needed to implement these cost-saving initiatives and monitor their impact Scenario Planning Forecasting When the company is considering a new product or a change like entering a new market or scaling production take the lead on financial scenario planning Use first-principles thinking to estimate costs for current endeavors e g what s the cost impact if we increase battery size Or what s the fully loaded cost per unit if we double our output Help the finance and strategy teams in budgeting and long-term planning by providing detailed cost forecasts and sensitivity analyses Governance Compliance Ensure that our cost control processes align with overall financial governance standards Work with Finance Controllers to prepare for audits maintain documentation on cost accounting procedures and enforce financial controls that prevent errors or fraud Be the go-to expert for cost-related questions during investor meetings or board reviews substantiating how our cost structure supports our business model Requirements Educational Background Bachelor s degree in Finance Accounting Engineering or related field A combination of technical and financial education e g engineering plus an MBA or finance plus exposure to manufacturing is ideal Experience 5 years in financial analysis cost accounting or similar roles preferably in a manufacturing or hardware technology company Experience in a finance control or FP A team that dealt with product costing Financial Acumen Strong understanding of cost accounting methodologies BOM Bill of Materials analysis and margin calculations Able to dissect a P L and pinpoint where costs are concentrated Analytical Tools Highly proficient in Excel and data analysis comfortable handling large datasets e g thousands of line items of component costs or transactions Experience with ERP systems and pulling cost data from databases Zoho SAP Oracle or a custom system is a plus Ability to create clear visualizations or summaries for communication Cross-Functional Communication Excellent communication skills to work with non-finance teams Ability to translate financial findings into actionable insights for engineers or operations folks e g explain how a slight spec change could save X amount Comfortable presenting to leadership and making a compelling case with data Preferred Experience Hardware Manufacturing Insight Direct experience working on costing for electronics or similar hardware Understanding of concepts like yield loss scrap tooling costs and how engineering decisions influence these Project Leadership A track record of leading or heavily contributing to cost reduction initiatives that resulted in significant savings Could be an example like reducing COGS by a certain percentage through vendor changes or process improvements First-Principles Approach Demonstrated ability to approach financial problems creatively For instance devising a new method to allocate overhead that more accurately traced cost drivers or questioning a long-standing expense and finding a way to eliminate it entirely Certifications Professional certifications like CMA Certified Management Accountant or CIMA or Lean Six Sigma training as it relates to process improvement and cost savings can be a plus underscoring your expertise in cost management