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LG Magna e-Powertrain USA, Inc. is a newly established US subsidiary headquartered in South Korea, formed through a joint venture by LG Electronics Vehicle Solution and Magna International, created to bring new synergies based on LG’s electric vehicle component capabilities and Magna’s experience in the traditional automotive industry. Located in Southeast Michigan, LG Magna USA provides engineering, sales, and quality solutions for developing various electric vehicle products such as drive motors, power conversion devices, and related integrated systems. LG Magna USA, as part of the global LG Magna team, strives to become the global No.1 e-Mobility solution partner by providing the highest value technologies and products, securing profitable growth together with customers, and contributing to a sustainable society. Our team takes pride in driving progress by developing innovative solutions for electric vehicle industry customers. Powered by a culture of passion, teamwork, customer focus, initiative, and creativity, we are pushing the boundaries every day. With the philosophy that "people are the source of corporate competitiveness," we are committed to actively seeking out top talent and investing in career growth and development to retain exceptional people. We invite people to join our mission to create innovative solutions leading the trend in creating an eco-friendly, clean future through the electric vehicle industry, to drive a better life.
Overall Responsibilities:
The Senior Financial Analyst is responsible for analyzing and managing the Company’s business performance and operations, and for delivering accurate and timely financial information that enables management to make sound decisions and achieve the Company’s goals. The role serves as a key point of communication with Headquarters (HQ) on the Company’s operations, management, and performance.
Major Tasks Listed Below:
Business Planning, Budgeting and Forecasting:
- Establish and forecast the Company’s short-term and mid- to long-term business plans.
- Develop and prepare the organization’s financial plans and budgets, and interpret financial reports.
- Create financial forecasting scenarios to support future business planning decisions.
- Manage and monitor the execution of annual budgets allocated to business units.
- Manage investment activity and the related budget.
- Communicate with HQ regarding the Company’s operations, management, and performance.
- Prepare presentations for management on business operations and financial results.
- Provide financial information to management accurately and on a timely basis.
Performance Analysis and KPI Management
- Analyze and manage the Company’s business performance and support analysis of overall Company results.
- Manage and monitor Key Performance Indicators (KPIs).
- Evaluate and report on inventory KPIs by comparing and analyzing actual results to plan and latest estimates.
- Conduct variance analysis and identify the key underlying drivers of differences between actual, plan, and forecast.
- Conduct financial analyses and perform economic research and studies.
- Collect, compile, verify, and analyze financial information and economic indicators so that senior management has accurate and timely information for strategic and operational decisions.
- Analyze and forecast financial, economic, and other data to support strategic and operational decisions.
- Analyze the financial implications of proposed investments or other transactions so that senior managers can evaluate alternatives against the organization’s business objectives.
- Data analyzed may include revenues, expenses, costs, prices, investments, cash flow, profits, labor market trends, inflation, interest rates, and exchange rates.
- Develop, establish, and continuously improve financial procedures and reporting.
Qualifications:
- Bachelor’s degree in finance, Accounting, Business Administration, Economics, or a related field.
- Minimum of five years of professional finance experience.
- Proficient knowledge of accounting and finance, including variance analysis.
- Expert knowledge of Excel (pivot tables, formulas, etc.), PowerPoint, and Word.
- Ability to deliver timely and accurate information.
- Ability to identify patterns across situations that are not obviously related, and to identify key underlying issues in complex situations.
- Experience working with online analytical processing databases and preparing executive-level reports and presentations.
Preferred Qualifications:
- Working knowledge of International Financial Reporting Standards and U.S. Generally Accepted Accounting Principles.
- Demonstrated ability to build accurate financial models, communicate complex information clearly, and deliver compelling presentations.
- Bilingual in the Korean language - conversational or higher level of expertise is desirable
Applicants must be currently authorized to work in the United States on a full-time basis. The employer will not sponsor applicants for a work visa.
Benefits Offered Full-Time Employees:
- No-cost employee premiums for you and your eligible dependents for competitive medical, dental, vision and prescription benefits.
- Auto enrollment with immediate vesting of competitive company matching contributions in a 401(k) Retirement Savings Plan with several investment options.
- Generous Paid Time Off program that includes company holidays and a combined bank of paid sick and vacation time.
- Performance based Short-Term Incentives (varies by role).
- Access to confidential mental health resources to help you and your loved ones improve your quality of life. Personal fitness goal incentives.
- Family orientated benefits such as paid parental leave and support for families raising children with learning, social, behavioral challenges, or developmental disabilities.
- Group Rate Life and Disability Insurance.
Benefits Offered Temporary/Contractors:
- Eligible for the relevant benefit programs offered through our partner agencies.
Privacy Notice to California Applicants
Applicants who need assistance or a reasonable accommodation during the hiring process may contact our team by phone at: 973-477-7090 or support@lg4me.freshdesk.com. This email and phone number will only reply to accommodation requests and is not intended for general employment inquiries.
All qualified applicants will be considered for employment without regard to race, color, religion, sex (including pregnancy, sexual orientation, or gender identity), national origin, age, disability, genetic information, protected veteran status, or any other characteristic protected by applicable federal, state, or local law.
In addition to the above, LG believes that pay transparency is a key part of diversity, equity, and inclusion. Our salary ranges take into account many factors in making compensation decisions including but not limited to skillset, experience, licensure, certifications, internal equity, and other business needs. While we consider geographic pay differentials in final offers, because we operate in many geographies where applicable, the salary range listed may not reflect all geographic differentials applied.
