Parts Development Cost Management Specialist

Hyundai Motor Company

1d

About The Position

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.

Requirements

• 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%)

Nice To Haves

• 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.

Responsibilities

• 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.
• 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.
• 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.
• 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.
• 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.

Benefits

• 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.

What This Job Offers

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