Cost Management Head of Department

Hyundai Motor Company

33d

About The Position

[Strategic Cost Management & Optimization]
• Develop and execute cost management strategies and initiatives aligned with corporate objectives to ensure operational efficiency and financial performance.
• Lead the identification, analysis, and implementation of cost-saving opportunities, including material, labor, and overhead reductions, across the organization.
• Oversee and report on the Total Delivery Cost (TDC), including COGM, SG&A, and other financial components, to maintain profitability.

[Essential Responsibilities]
• Design and implement cost management policies and processes, ensuring alignment with company goals and industry best practices.
• Manage and direct the Cost Accounting team, ensuring accurate data collection, analysis, and reporting for internal and external stakeholders.
• Collaborate with cross-functional teams, including manufacturing, finance, and procurement, to optimize cost structures and identify opportunities for improvement.
• Conduct regular reviews of cost performance metrics, providing actionable insights and recommendations to executive leadership.
• Drive continuous improvement initiatives by analyzing cost variances and implementing corrective actions as needed.
• Maintain compliance with corporate policies, local regulations, and international standards related to financial and operational cost management.
• Serve as the primary liaison with headquarters (HMC) and North American regional offices (HMNA) for cost management and financial reporting matters.
• Lead budgeting and forecasting activities for the cost management function, ensuring alignment with overall business plans.
• Provide guidance and training to team members, fostering a culture of excellence and professional growth within the department.

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.

Requirements

• Bachelor’s degree in Finance, Accounting, Economics, or a related field; Advanced degree preferred.
• Minimum of 10–15 years of experience in cost management, financial planning, or a related role within the automotive or manufacturing industry.
• Bilingual in English and Korean
• Extensive knowledge of cost accounting principles, financial analysis, and SAP systems.
• Proven ability to lead and develop high-performing teams in a dynamic and fast-paced environment.
• Strong analytical and problem-solving skills, with the ability to present complex financial data to executive leadership.
• Excellent communication and interpersonal skills to effectively collaborate with internal teams and external stakeholders.
• Must be authorized to work in the United States and not require work authorization sponsorship by our company for this position now or in the future.
• Flexibility to work extended hours, including nights, weekends, and holidays as needed.

Nice To Haves

• CPA, CMA, or CFM certification preferred.
• Bilingual in Korean and English (verbal and written communication proficiency preferred).

Responsibilities

• Develop and execute cost management strategies and initiatives aligned with corporate objectives to ensure operational efficiency and financial performance.
• Lead the identification, analysis, and implementation of cost-saving opportunities, including material, labor, and overhead reductions, across the organization.
• Oversee and report on the Total Delivery Cost (TDC), including COGM, SG&A, and other financial components, to maintain profitability.
• Design and implement cost management policies and processes, ensuring alignment with company goals and industry best practices.
• Manage and direct the Cost Accounting team, ensuring accurate data collection, analysis, and reporting for internal and external stakeholders.
• Collaborate with cross-functional teams, including manufacturing, finance, and procurement, to optimize cost structures and identify opportunities for improvement.
• Conduct regular reviews of cost performance metrics, providing actionable insights and recommendations to executive leadership.
• Drive continuous improvement initiatives by analyzing cost variances and implementing corrective actions as needed.
• Maintain compliance with corporate policies, local regulations, and international standards related to financial and operational cost management.
• Serve as the primary liaison with headquarters (HMC) and North American regional offices (HMNA) for cost management and financial reporting matters.
• Lead budgeting and forecasting activities for the cost management function, ensuring alignment with overall business plans.
• Provide guidance and training to team members, fostering a culture of excellence and professional growth within the department.

Benefits

• HMGMA offers opportunities for growth, work flexibility, competitive pay, and benefits.
• HMGMA benefits includes competitive Medical / Vision / Dental insurance, 15 paid holidays, paid time off, and competitive 401k plan.

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level