Parts Development Cost Management Specialist

Job description

JOB TITLE Parts Development Cost Management WHAT YOU WILL DO This role is part of the Cost Management team at Hyundai Motor Group Metaplant America(HMGMA) and reports to the Sr. Manager of Cost Management, Parts Development. As a Cost Analyst, you will play a crucial role in assessing and optimizing the financial aspects of our vehicle parts and supply chain. Your primary responsibility will be to analyze all aspects of parts cost, monitor changes, and ensure accurate weekly/monthly financial reporting. You will collaborate with cross-functional teams to provide valuable insights that drive cost efficiency and profitability. The role requires the successful candidate to have strong accounting, systems, and analytical skills along with high attention to detail and the ability to work effectively with a variety of stake holders. Material Cost Analysis · Lead vehicle-level material cost calculations for both new and existing vehicles, tracking target cost achievement and reporting progress to upper management. · Gather and consolidate material costs for all HMGMA-built vehicles, analyzing and reporting cost variances by vehicle and supplier. · Assess cost impacts of price fluctuations due to tariffs, raw materials, labor, and other factors. Collaborate with Commercial and Procurement teams to support pricing decisions. · Validate, track, and forecast procurement costs for vehicle parts to ensure accurate financial planning. · Analyze changes in product design, raw materials, and manufacturing processes to assess their impact on overall costs. · Evaluate cost effects on profitability, providing insights to optimize cost efficiency and financial performance. Investment Budget Management · Oversee the overall tooling budget, ensuring alignment with new vehicle development plans. · Manage the assetization process for tooling, collaborating closely with the Finance team to ensure proper capitalization and compliance. VA/VE (Value Analysis/Value Engineering) • Collect, track, and report VA/VE proposals from buyers and suppliers, ensuring proper implementation. • Support and actively participate in vehicle breakdown events to identify cost-saving opportunities. • Engage in internal and external cost optimization meetings, contributing insights and recommendations to enhance cost efficiency. Supplier Reconciliations · Oversee the material cost re-evaluation reporting process, ensuring accuracy and compliance. · Manage SAP retro-processing and coordinate implementation timelines with the Finance team to ensure seamless execution. Other Responsibilities • Support part localization initiatives, ensuring cost-effective sourcing strategies. • Lead administrative tasks related to Cost Management, maintaining organized documentation and processes. • Assist the Purchasing Management team by gathering, summarizing, and reporting data as needed. • Fulfill additional assignments as required, supporting overall department objectives. HOW WILL YOU MAKE AN IMPACT HMGMA is the abbreviation of Hyundai Motor Group Metaplant America. It is Hyundai Motor Group's first dedicated EV mass-production plant and is an innovative plant with cutting-edge production technology applied. WHAT YOU WILL BRING TO THE ROLE • Bachelor's degree in, Business Management, Finance, Accounting, Engineering, or related field from accredited university • Minimum 2 years of related experience, including some experience within Procurement, Supply Chain in a large, complex, multi-location manufacturer • Strong Microsoft office skills (especially MS Excel) required • Strong systems aptitude with preference given to candidates with proficiency with SAP ERP • Strong analytical skills and attention to detail • Unrelenting integrity and ethics • Professional with strong overall business acumen • Excellent communication and collaboration abilities; effective team player who interacts well with others • Ability to multi-task, meet strict deadlines and work under pressure • Occasional travel (less than 5%) Preferred: • Industry Background: Prior experience in automotive or manufacturing with a focus on cost analysis and proposal development is strongly preferred. • OEM/Supplier Experience: Experience working with OEMs or major commodity suppliers is a strong advantage. • Cost Analysis Skills: Ability to understand, analyze, and break down piece pricing effectively. • Language Skills: Bilingual proficiency (English and Korean) is preferred, with the ability to read, write, and speak in both languages. • Cultural Awareness: Openness to multicultural work environments and different cultural values. • Adaptability & Learning Mindset: Willingness to learn, adapt, and grow within a dynamic team setting. • Schedule Flexibility: Availability to work weekends, holidays, and off shifts as needed. Competency Based: • Safety/Quality • Tenacity • Progress • Agility • Alignment • Resilience Travel Requirement • Domestic / International travel required. WHAT HYUNDAI CAN OFFER YOU • HMGMA offers opportunities for growth, work flexibility, competitive pay, and benefits. • HMGMA benefits include competitive Medical / Vision / Dental insurance, paid holidays, paid time off, and competitive 401k plan. OTHER DETAILS Language Proficiency: Strong command of the English language (written and spoken) is essential for safety, communication, documentation, and collaboration across the organization. Physical Demands While in Office: This position is primarily sedentary and requires working at a desk and computer for extended periods. Responsibilities may include: • Occasional lifting of office supplies (up to 15 pounds) • Frequent use of hands and fingers for typing and handling documents • Ability to sit, stand, and walk within the office environment as needed When in Production Area (if applicable): • Standing, walking, bending, and reaching for extended durations • Repeated lifting, carrying, pushing, or pulling of materials and products (up to 25–30 pounds) • Manual dexterity for handling power tools, machinery, or production equipment • Working in environments that may be noisy, hot, or require the use of personal protective equipment (PPE) • Ability to climb ladders or stairs and operate equipment safely and effectively • Capability to learn and work on multiple production processes, as required • Adequate visual and auditory abilities to identify safety hazards and communicate clearly • Consistent and punctual attendance • Ability to collaborate and perform effectively in a team-oriented environment • FLSA Classification: Exempt/Salary • When submitting a resume for this position, I understand that this information may be used to create a registration with the Georgia Department of Labor on Employ Georgia HMGMA is an equal opportunity employer. All qualified applicants will receive consideration for employment without regard to age, ancestry, color, family or medical care leave, gender identity or expression, genetic information, marital status, medical condition, national origin, physical or mental disability, political affiliation, protected veteran status, race, religion, sex (including pregnancy), sexual orientation, or any other characteristic protected by applicable laws, regulations, and ordinances.