EMEA Regional Finance Business Partner - Material Cost Analysis
Enabling a software-defined, electrified future.
Visteon is a technology company that develops and builds innovative digital cockpit and electrification products at the leading-edge of the mobility revolution. Founded in 2000, Visteon brings decades of automotive intelligence combined with Silicon Valley speed to apply global insights that help transform the software-defined vehicle of the future for many of the world’s largest OEMs. The company employs 10,000 employees in 18 countries around the globe.
Mission of the Role: We are looking for a versatile and analytical professional to join our team as a Finance Business Partner specializing in material cost analysis to play a critical role in driving financial insights and strategic decision-making within the Regional FP&A department. Your primary focus will be on Purchase Price Variance (PPV) and Value Analysis/Value Engineering (VAVE) initiatives to proactively drive actions that aligns the business goals on cost efficiency. The successful candidate will work collaboratively with cross-functional teams to improve reporting, analyze financial data, and drive actions to cost-saving opportunities.
Key Objectives of this Role:
* Material Cost Analysis & Reporting:
o Analyze material costs, with a specific focus on PPV and VAVE initiatives.
o Track, monitor, and report variances between actual and planned material costs.
o Develop and present clear, actionable financial reports and dashboards that supports the track of the cost-saving.
o Develop regular reports and dashboards to communicate insights to stakeholders.
* Driving Actions on PPV (Purchase Price Variance):
o Partner with sourcing teams to forecast PPV impacts.
o Ensure alignment of PPV analysis with monthly forecasts and annual budgets.
o Monitor and enforce accountability for PPV performance through regular reviews and action plans with relevant teams.
* Driving Actions on VAVE (Value Analysis/ Value Engineering):
o Collaborate with engineering, R&D, product delivery and operations teams to prioritize VAVE actions on cost savings and financial impacts of VAVE initiatives.
o Drive tracking of VAVE initiatives, ensuring the alignment with strategic objectives
o Support decision-making by providing real-time financial data and what-if scenario analyses.
o Identify risks and opportunities related to VAVE initiatives in the financial plans.
* Business Partnering & Collaboration
o Influence and guide other departments to take proactive actions that align with PPV and VAVE targets.
o Facilitate discussions with key stakeholders to resolve issues, align priorities, and execute the initiatives effectively and timely.
* Process Improvement
o Drive process improvements in material cost analysis and reporting tools to enhance accuracy and efficiency.
o Support system enhancements and automation efforts for data analysis and reporting.
Key Performance Indicators:
* VAVE Cost Saving & Efficiency
* PPV Cost Saving & Efficiency
* Material Cost on Sales
* Idea-to-Implementation Rate
* Cycle time of cost saving
Key Year One Deliverables:
* VAVE Cost Saving & Efficiency reaching the target.
* PPV Cost Saving & Efficiency reaching the target.
* Material Cost on Sales reaching the target.
* Implementation of the culture for Cycle time of cost saving
Qualification, Experience and Skills:
* Education: Bachelor’s degree in finance, Accounting, Engineering, Business Administration, or related field.
* Experience:
o 3-5 years of experience in financial analysis, material cost or cost engineering within the automotive or manufacturing sector.
* Skills:
o Technical:
+ Strong understanding of financial modeling, cost analysis, PPV and VAVE principles.
+ Experience with ERP systems and costing tools.
+ Knowledge of automotive industry metrics such as BOM analysis, PPM, OEE, and material costs.
o Soft:
+ Results-Driven
+ Exceptional analytical and problem-solving skills
+ Strong communication and presentation skills to interact with technical and non-technical audiences.
+ Ability to manage multiple priorities and work collaboratively in cross-functional teams.
+ Experience in cross-functional collaboration and working in a matrix organization.
Key Leadership Behaviors
* Ownership and Accountability
* Inspire Change
* Critical Thinking
* Collaboration
* Innovative
* Market Insight
Reporting Structure: Reports to EMEA Regional FP&A Senior Manager.
Visteon Culture: If you thrive in a fast-paced, organizational culture that requires agility, adaptability, and a growth mindset from its employees to thrive and stay ahead of the curve Visteon is the place. We value high performance and a drive for results. Innovation, risk-taking, and continuous learning help us keep up with the ever-changing landscape of our industry and be Market leaders. At Visteon, you can be more.
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