Job Description:

The Senior Analyst, Materials Cost will be based in Hyderabad, India. In this position, you will report to the Senior Director, Materials. We are seeking a Senior Analyst, Materials Cost  to analyze and optimize material costs across the supply chain. This role will focus on tracking material cost trends, identifying cost-saving opportunities, and supporting procurement, finance, and operations teams with data-driven insights. The ideal candidate will have a strong background in cost analysis, supply chain finance, and materials sourcing. Watch “Culture is our Passion” to learn more about us.

We are looking for someone who demonstrates:

• Passionate drive to innovate and create
• Integrity to the core
• Enthusiastic customer focus
• Consistent interactive teamwork
• Desire for continuous improvement and top performance.

Here is a glimpse of what you will do:

Materials Cost Analysis & Optimization:

• Analyze raw materials, components, and finished goods costs across the supply chain.
• Track material price fluctuations, supplier cost structures, and market trends.
• Develop and maintain cost models, variance analysis, and benchmarking reports.

Financial Reporting & Budgeting:

• Support budgeting, forecasting, and cost allocation for materials expenses.
• Monitor cost variances and deviations from budgeted costs and recommend corrective actions.
• Prepare reports on cost drivers, material price trends, and sourcing, NPI savings initiatives.

Collaboration & Vendor Management Support:

• Work with sourcing and supplier management teams to ensure cost-effective sourcing.
• Assist in analyzing supplier contracts and cost structures for negotiation opportunities.
• Collaborate with operations and finance teams to align cost-saving strategies with business goals.

Process Improvement & Technology Integration:

• Implement data analytics tools to improve material cost tracking.
• Identify process improvement opportunities to enhance materials cost visibility and control.

Compliance & Risk Management:

• Ensure compliance with company financial policies and cost accounting standards.
• Assess risks associated with material cost volatility and supplier dependencies.
• Assist in cost audits and reporting to internal and external stakeholders.

Here is some of what you will need (required):

• Education: Bachelor’s degree in Finance, Accounting, Supply Chain Management, or related field.
• Experience: Minimum 8 years in materials cost analysis, supply chain finance, or procurement analytics.
• Strong analytical skills with experience in cost modelling, pricing analysis, and variance reporting.
• Proficiency in Excel, SQL, Power BI, or other analytics tools.
• Familiarity with material sourcing, procurement processes, and supplier cost structures.
• Experience with ERP systems (SAP, Oracle, NetSuite) and supply chain finance tools.

Here are a few of our preferred experiences

• Experience in manufacturing, automotive or electronics supply chains.
• Knowledge of cost accounting principles and procurement best practices.
• Understanding of commodity pricing trends and risk mitigation strategies.

At Nextracker, we are leading in the energy transition, providing the most comprehensive portfolio of intelligent solar tracker and software solutions for solar power plants, as well as strategic services to capture the full value of solar power plants for our customers. Our talented worldwide teams are transforming PV plant performance every day with smart technology, data monitoring and analysis services.

For us at Nextracker, sustainability is not just a word. It's a core part of our business, values and our operations. Our sustainability efforts are based on five cornerstones: People, Community, Environment, Innovation, and Integrity. We are creative, collaborative and passionate problem-solvers from diverse backgrounds, driven by our shared mission to provide smart solar and software solutions for our customers and to mitigate climate change for future generations.

Culture is our Passion