What are the responsibilities and job description for the Cost Analyst position at Foxconn Industrial Internet?
We are seeking a highly analytical and detail-oriented Cost Analyst to join our Cost Management team. The successful candidate will be responsible for monitoring, analyzing, and reporting on costs and expenditures across the organization. This role plays a key part in budget planning, cost control, and financial optimization, ensuring resources are used efficiently and aligned with the company’s strategic objectives.
Key Responsibilities:
Work Location: Santa Clara, CA (Onsite)
Annual Salary Range: 70K - 90K
Key Responsibilities:
- Budget Planning & Management
- Assist in the preparation, development, and review of annual budgets and forecasts.
- Monitor budget performance and identify variances between actual and projected costs.
- Provide actionable insights and recommendations to improve budget accuracy and cost-efficiency.
- Cost Analysis & Reporting
- Analyze cost structures and provide detailed reports on cost trends, cost allocations, and profitability.
- Prepare monthly, quarterly, and annual cost analysis reports for management.
- Work with department heads to ensure costs are within budget and highlight areas for improvement.
- Financial Modeling & Forecasting
- Build and maintain cost models to support strategic planning and decision-making.
- Conduct what-if scenarios and variance analyses to support business cases.
- Cross-Functional Collaboration
- Partner with procurement, operations, and finance teams to ensure accurate cost allocation and tracking.
- Support project managers in developing cost estimates and tracking project budgets.
- Compliance & Process Improvement
- Ensure compliance with internal financial policies and external regulations.
- Identify opportunities for cost savings and implement process improvements to enhance financial efficiency.
- Bachelor’s degree in Accounting, Finance, Economics, or a related field
- 2–5 years of experience in cost analysis, budgeting, or financial planning.
- Strong proficiency in Excel and financial modeling tools (e.g., SAP, Oracle, QuickBooks, or similar ERP systems).
- Excellent analytical, problem-solving, and communication skills.
- Ability to manage multiple priorities and meet tight deadlines.
- Experience working in manufacturing or project-based environments, with a strong understanding of related cost structures and workflows.
- Solid knowledge of Generally Accepted Accounting Principles (GAAP) and financial compliance standards.
- Proficiency in financial analysis tools and ERP systems (e.g., SAP, Oracle, or similar platforms) is a plus.
- Strong analytical, critical thinking, and problem-solving skills with a keen attention to detail.
- Ability to communicate complex financial data clearly and effectively to both financial and non-financial stakeholders.
Work Location: Santa Clara, CA (Onsite)
Annual Salary Range: 70K - 90K