• Job Description

  Req#: FINAN018908

  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:
    • Analyze material costs, with a specific focus on PPV and VAVE initiatives.
    • Track, monitor, and report variances between actual and planned material costs.
    • Develop and present clear, actionable financial reports and dashboards that supports the track of the cost-saving.
    • Develop regular reports and dashboards to communicate insights to stakeholders.
  • Driving Actions on PPV (Purchase Price Variance):
    • Partner with sourcing teams to forecast PPV impacts.
    • Ensure alignment of PPV analysis with monthly forecasts and annual budgets.
    • Monitor and enforce accountability for PPV performance through regular reviews and action plans with relevant teams.
  • Driving Actions on VAVE (Value Analysis/ Value Engineering):
    • Collaborate with engineering, R&D, product delivery and operations teams to prioritize VAVE actions on cost savings and financial impacts of VAVE initiatives.
    • Drive tracking of VAVE initiatives, ensuring the alignment with strategic objectives
    • Support decision-making by providing real-time financial data and what-if scenario analyses.
    • Identify risks and opportunities related to VAVE initiatives in the financial plans.
  • Business Partnering & Collaboration
    • Influence and guide other departments to take proactive actions that align with PPV and VAVE targets.
    • Facilitate discussions with key stakeholders to resolve issues, align priorities, and execute the initiatives effectively and timely.
  • Process Improvement
    • Drive process improvements in material cost analysis and reporting tools to enhance accuracy and efficiency.
    • 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:
    • 3-5 years of experience in financial analysis, material cost or cost engineering within the automotive or manufacturing sector.
  • Skills:
    • 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.
    • 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.

  Qualifications

  Experience

  Required

• About the company

  Visteon Corporation is an American global automotive electronics supplier and Fortune 500 company spun off from the Ford Motor Company in 2000.

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