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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:
This senior finance role leads business planning, forecasting, budgeting, cash flow management, risk analysis, and executive reporting to support strategic and operational decisions. The position is part of the leadership team and will analyze financial, operational, and workforce data; develop accurate financial models and performance insights; strengthen reporting processes; and communicate business results. The role will be integral in communicating the business outlook to management, headquarters, and the parent company.
Major Tasks Listed Below:
- Analyze and forecast financial, economic, and operational data to provide accurate, timely insights that support strategic and operational decision-making.
- Develop and maintain the company's short, medium, and long-term business plans and forecasts.
- Provide management with financial information and recommendations that enable timely decisions and support the achievement of company objectives.
- Lead complex financial analysis projects and prepare in-depth evaluations of business plans.
- Manage all budgeting, cash flow planning, and risk outlook activities.
- Identify and implement improved methods for financial analysis, reporting, and presentations.
- Monitor revenue and expenditures and develop reports to support projections and performance reviews.
- Maintain accurate records of assets, liabilities, and other financial transactions.
- Develop processes and procedures that accurately capture, track, and report financial performance, including deferred revenue, in accordance with the company's revenue recognition policy.
- Collect, interpret, and evaluate workforce metrics to deliver data-driven insights for internal and external talent-pool assessments, headcount reviews, forecasting, and business scenario planning.
- Review processes and monitor plan effectiveness to improve key performance indicator performance and organizational development.
- Prepare and deliver management presentations on business operations, financial performance, and outlook.
- Communicate with headquarters and the parent company, as needed, regarding the business unit's operations, management, and performance.
Qualifications:
- Bachelor's degree in finance, Accounting, Business Administration, Economics, or a related field.
- Minimum of eight years of professional finance experience.
- Working knowledge of International Financial Reporting Standards and U.S. Generally Accepted Accounting Principles.
- Advanced knowledge of accounting, treasury, and corporate finance, including variance analysis.
- Advanced proficiency in Microsoft Excel, including pivot tables, macros, and financial modeling, as well as proficiency in PowerPoint and Word.
- Experience working with online analytical processing databases and preparing executive-level reports and presentations.
- Strong analytical thinking skills, including the ability to recognize patterns across seemingly unrelated situations and identify underlying issues in complex business scenarios.
- Demonstrated ability to build accurate financial models, communicate complex information clearly, and deliver compelling presentations.
- Professional fluency in English, including strong verbal and written communication skills.
Preferred Qualifications:
- Master of Business Administration or a relevant professional credential, such as Project Management Professional, Certified Public Accountant, Chartered Financial Analyst, or another recognized finance certification.
- Bilingual in the Korean language - conversational or higher level of expertise is desirable to interpret the law and regulation in both US and Korea.
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 [email protected]. 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.