Sr Manager - Program Management

Responsibilities & Key Deliverables 1. Material Cost Management • Establish and monitor material cost targets for all programs. • Drive BOM cost tracking from concept through production. • Track cost changes arising from design modifications, sourcing decisions, and engineering change requests. • Identify material cost gaps and lead cost recovery actions. • Support value engineering and cost optimization initiatives to achieve target costs. 2. Budget Planning & Financial Control • Develop, monitor, and maintain program budgets. • Track engineering, tooling, prototype, testing, validation, and launch expenditures. • Monitor actual spend versus approved budgets and forecasts. • Lead monthly financial reviews and budget performance assessments. • Ensure timely identification of budget overruns and implementation of corrective actions. • Maintain program financial forecasts and budget outlooks. 3. Team Leadership & Capability Development • Lead and manage a team of 4 members responsible for material cost and budget tracking activities. • Allocate responsibilities and ensure workload balance across programs. • Conduct regular reviews to ensure data accuracy, consistency, and timely reporting. • Coach and develop team members on cost management methodologies, financial analysis, and reporting tools. • Establish KPI-driven performance management for the team. • Drive continuous improvement and standardization of cost and budget tracking processes. 4. Cross-Functional Coordination • Collaborate with Engineering, Purchasing, Manufacturing, Finance, Quality, and Supply Chain teams. • Drive alignment between program objectives, sourcing strategies, and financial targets. • Facilitate cost review meetings and budget governance forums. • Act as the focal point for program financial performance and cost-related escalations. 5. Change Management & Cost Impact Assessment • Assess financial impacts of engineering changes and scope modifications. • Ensure cost implications are evaluated before approval of program changes. • Coordinate with stakeholders to develop mitigation plans for cost and budget impacts. • Maintain cost-impact tracking and approval documentation. 6. Risk & Opportunity Management • Identify cost and budget risks throughout the program lifecycle. • Develop mitigation plans for material cost escalation, inflation, supplier changes, and scope increases. • Track and report cost-saving opportunities and value improvement projects. • Support business case reviews and profitability assessments. Experience 12-15 yrs. Industry Preferred Qualifications BE/ ME (Electrical and Electronics) General Requirements General Requirements: Proven ability to manage multiple projects at a time while paying strict attention to details. 1. Problem-solving and analytical thinking 2. Ability to work in a fast-paced, collaborative environment 3. Believe and adhere to high level of interpersonal skills. 4. Willingness to learn and bring innovative methods and approach in work. 5. Demonstrable ability to communicate, present and influence credibly and effectively Functional Competencies: 1. Knowledge of new product development process / MPDS 2. Knowledge on program management 3. Knowledge of Budget and cost management 4. Able to Execute the deliverables within the time with minimum guidance & timely escalation Our commitment to Diversity, Equity, and Inclusion At Mahindra and Mahindra Limited, we believe that diversity drives innovation, and inclusion is at the heart of everything we do. We are committed to cultivating a workplace where every individual feels valued, respected, and empowered to thrive. We are proud to be an Equal Opportunity Employer. All qualified applicants will be considered for employment without regard to age, caste, race, religion, color, ethnic origin, gender identity, nationality, physical or mental disability, medical condition, sexual orientation, educational background, marital or domestic partnership status, pregnancy or childbirth, veteran status, citizenship status, ancestry, financial status, or any other personal characteristic protected by applicable law. We actively encourage candidates from all backgrounds to apply and bring their unique perspectives to our teams. We are committed to ensuring an accessible and inclusive experience for all applicants. Together, we rise by embracing differences and building a future that reflects the communities we serve.