Assistant Manager Vendor Costing & Pricing

Al-Futtaim Group, established in the 1930s, has evolved into a highly diversified and progressive privately held regional business headquartered in Dubai. Operating across five divisions—automotive, financial services, real estate, retail, and healthcare—the group employs over 35,000 people in more than 20 countries across the Middle East, Asia, and Africa. Partnering with over 200 of the world’s most admired brands, Al-Futtaim Group thrives on entrepreneurship and a relentless focus on customer needs, continuously adapting to serve the communities where it operates. The company’s core values of respect, excellence, collaboration, and integrity guide its mission to enrich the lives and aspirations of its customers every day.

Al-Ghazi Tractors Limited (AGTL), a subsidiary of Al-Futtaim Group, is a recognized leader in corporate excellence and performance. With its corporate office in Lahore and manufacturing plant in Dera Ghazi Khan, AGTL produces New Holland (Fiat) tractors under technical collaboration with CNHI - Case New Holland, the world’s leading agricultural tractor manufacturer. The AGTL facility is known for its engineering efficiency and commitment to quality, with quality assurance systems embedded at every level. The company’s mission emphasizes that the quality of its tractors remains its most enduring competitive advantage.

The Assistant Manager Vendor Costing & Pricing plays a crucial role in supporting vendor cost management and pricing strategies. This position involves monitoring vendor price increases, preparing cost estimates, evaluating vendor pricing, and maintaining accurate part rates. The role supports cost control by tracking budgets, conducting cost analyses, negotiating with vendors, updating SAP systems, and generating timely pricing and cost reports. These efforts enable informed purchasing and financial decisions that align with the company’s cost management objectives.

Key Responsibilities:
- Monitor vendor price increases against approved budgets, identify cost variances, and assist in implementing corrective actions to maintain costs within limits.
- Analyze vendor cost structures, material rates, and historical pricing to support price evaluation and negotiation, ensuring competitive and commercially viable pricing.
- Prepare detailed cost estimates and pricing analyses for tractor and automotive parts, utilizing material costs, labor value added (LVA), and other relevant inputs.
- Maintain up-to-date knowledge of raw material prices and market trends affecting tractor and auto parts manufacturing, assessing their impact on vendor pricing.
- Support vendor meetings and price negotiations by preparing pricing comparisons, cost summaries, and analytical reports to facilitate decision-making.
- Ensure accurate and timely updates of new and revised part rates in SAP following approved pricing decisions.
- Generate model-wise Budget vs. Actual cost reports, price trend analyses, stock position reports, and other management reports to aid cost monitoring and strategic planning.

Required Qualifications:
- Bachelor’s or Master’s degree in Commerce, Finance, Business Administration, or a related field from an HEC-recognized university.
- Professional certifications such as ACCA, CMA, or ACMA are preferred.
- 3 to 4 years of relevant experience in the automotive or manufacturing industry, including at least 1 year in costing, pricing, or cost analysis.

Job-Specific and Technical Skills:
- Strong analytical skills with expertise in cost modeling and financial analysis.
- Advanced proficiency in MS Excel and working knowledge of SAP/ERP systems.
- Solid understanding of vendor costing, pricing mechanisms, material rates, and cost structures.
- Excellent communication, coordination, and negotiation skills to effectively collaborate with vendors and internal teams.
- High attention to detail and accuracy in all tasks.

This role offers the opportunity to contribute to a leading manufacturing company known for quality and innovation, within a dynamic and supportive corporate environment.