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.