What are the responsibilities and job description for the Financial Controls Manager position at LG Energy Solution Michigan, Inc.?
Financial Controls Manager
Hybrid 3 days onsite Irvine, CA
Company Overview
LG Energy Solution Vertech, Inc. (LGES Vertech) is a full-service energy storage system supplier and integrator. Using our core strengths of expert service to our customers, unparalleled safety, and excellence in manufacturing, we bring standardized, fully integrated energy storage systems to a rapidly growing worldwide market. Our systems address our customers' needs to reduce capital equipment and installation costs while enhancing system level performance and reliability using automated monitoring systems and analytics across the battery, power conditioning and auxiliary systems.
Our AEROS® energy operating system is the engine of innovation to provide advanced control functions allowing our customers to maximize the value of their energy storage assets. Our service capabilities include advanced monitoring and analytics, scheduled maintenance, augmentation, and auxiliary system upgrades. The combination of excellence in battery technology and production coupled with nearly two decades of energy storage integration makes LGES Vertech a leading supplier and integrator in the power and energy markets.
LGES Vertech empowers and expects its team members to assume responsibility and make good decisions, while maintaining a team environment that fosters collaboration and innovation. Our diverse and growing team enjoys competitive salaries, generous benefits, including 100% employer sponsored medical, dental and vision insurance, and flexible working hours.
For more information about LGESVT, please visit www.lgensol-vt.com.
Position Overview
The Financial Controls Manager is part of the Operations Financial Controls team and works closely with the entirety of the Service organization. This role goes beyond traditional financial analysis by combining cost optimization, risk management, and strategic coordination. Responsibilities include financial control, planning, and reporting for the Service business, with oversight of revenue, costs, and profitability of service contracts. In addition, the position plays a critical role in crisis management by developing contingency plans, coordinating rapid response actions, and ensuring effective communication during operational disruptions. The role also requires active engagement in customer relations, including negotiating cost-sharing arrangements, resolving service issues, and maintaining strong client partnerships.
Success in this position demands a blend of advanced financial analysis, ERP transaction management, and cross-functional collaboration with Finance, Legal, Procurement, Operations, and external partners. Strong skills in data analysis, forecasting, vendor & customer negotiation & settlements, and process improvement are essential, along with the ability to influence stakeholders and manage complex projects. This position offers the opportunity to shape processes and tools that enhance financial visibility, operational resilience, and customer satisfaction as LGES Vertech’s service business expands rapidly.
Primary responsibilities
Financial Planning & Analysis
- Develop and maintain service-level financial forecasts (revenue, cost, margin) aligned with contracts and project schedules.
- Conduct detailed cost structure analysis to identify high-impact areas for savings and efficiency improvements.
- Prepare monthly reporting packages including budget-to-actual variance analysis, KPIs, and cash flow projections.
- Support annual budget and quarterly reforecast processes for the service portfolio.
- Monitor revenue recognition, accruals, and contract-level profitability in line with GAAP and company policies.
- Perform variance analysis and monitor monthly budgets to ensure adherence to financial targets.
- Develop and maintain financial models for forecasting costs and evaluating ROI on proposed initiatives.
- Analyze historical and predictive data to support decision-making and cost optimization strategies.
- Monitor service expenses and adjust strategies based on real-time data and performance metrics.
- Develop partnerships and performance-based agreements to ensure cost efficiency and compliance.
Transaction & Control Support
- Partner with the Service Administrator on customer and vendor financial transactions (quotes, POs, invoices).
- Review service contracts for billing terms, invoicing schedules, and recognition rules.
- Ensure ERP entries are accurate for accounts payable, accounts receivable, and service commitments.
- Audit and reconcile invoices for compliance and support timely resolution of billing/vendor issues.
Cross-Functional Collaboration
- Provide financial support to Service leadership for decision-making and customer negotiations & settlements.
- Collaborate with Finance and Accounting teams to ensure alignment between actuals, forecasts, and reporting.
- Work with Operations and Procurement to align financial commitments with service delivery.
- Contribute to process documentation, system improvements, and control framework development.
- Maintain strong relationships with departments by ensuring transparency and responsiveness.
Customer Relations & Crises Management
- Review and renegotiate (as needed) supplier and vendor contracts to optimize pricing and terms.
- Serve as a liaison between customers and internal teams to resolve service-related issues promptly
- Gather customer feedback and collaborate with operations to improve service delivery and satisfaction
- Implement risk management strategies, including currency fluctuation and insurance cost mitigation.
- Collaborate with cross-functional teams to develop contingency plans for unexpected cost overruns.
- Develop and maintain contingency plans for operational disruptions and unexpected cost escalations.
- Coordinate rapid response actions during service interruptions supply chain breakdowns.
- Communicate effectively with internal teams and external partners during crises to ensure alignment and minimize impact.
- Conduct post-crisis lessons learned analysis to identify root causes and implement preventive measures.
Key Knowledge, Skills and Abilities
Required:
- Applicants must be fluent in Korean to effectively communicate with clients and support business operations in Korean-speaking markets
- Strong financial analysis skills and understanding of accounting concepts.
- Knowledge of strategies for mitigating financial risks
- Familiarity with supplier agreements and performance-based contracts
- Skills in identifying inefficiencies and implementing cost-reduction strategies.
- Experience with SAP (or other similar ERPs)
- Advanced Excel, Power BI and other Microsoft Office skills.
- Strong organizational skills with attention to detail.
- Work effectively with cross-functional teams
- Excellent verbal and written communication skills.
- Ability to manage multiple projects and deadlines in a fast-paced environment.
Desired:
- Experience in energy, utilities, or service contract-based businesses.
- Understanding supply chain considerations including transportation, warehousing, and vendor networks
- Skills in creating “what-if” analyses for unexpected cost changes
Education/Certifications
- Bachelor’s Degree in Finance, Accounting, or related field required.
- CMA strongly preferred; CPA, MBA, PMP a plus.
- 7 years of relevant financial analysis or project/service control experience.
Working Conditions/Office Environment/Travel
- Ability to sit for periods of time at a desk/cubicle
- Hybrid working environment
- Minimal travel required
Salary : $108,000 - $150,000