Cost Control Specialist (NVD)
Full-time
Foxconn Industrial Internet - FII
Cost Control Specialist (NVD)
Locations: San Jose (NVD)
Business Units: CESBG
Job Classification: Non-Exempt
Summary
Key Responsibilities
- Cost Analysis & Financial Control
- Monitor and analyze manufacturing costs, including labor, material, overhead, freight, and inventory-related expenses.
- Perform detailed cost variance analysis against budget, forecast, standard cost, and actual performance.
- Identify cost drivers and provide recommendations to improve profitability and operational efficiency.
- Support monthly, quarterly, and annual financial close activities related to manufacturing operations.
- Assist in the preparation of operational budgets, forecasts, and financial performance reports.
- Track and report key manufacturing KPIs, including labor utilization, scrap, yield, inventory accuracy, and production efficiency.
- Manufacturing & Operational Finance Support
- Partner with factory operations teams to improve cost visibility and support cost reduction initiatives.
- Review production data, inventory transactions, and operational metrics to ensure financial accuracy.
- Support inventory control activities, including cycle counts, physical inventories, inventory reconciliation, and excess/obsolete inventory analysis.
- Analyze material consumption, BOM costs, and production variances to identify opportunities for improvement.
- Collaborate with Supply Chain and Procurement teams to monitor material costs and supplier pricing trends.
- Support New Product Introduction (NPI) activities by assisting with cost tracking and financial analysis for new programs.
- Reporting & Systems Management
- Develop and maintain recurring financial, operational, and cost performance reports.
- Prepare management presentations and executive summaries highlighting key cost trends and business risks.
- Utilize SAP ERP and other business systems to extract, analyze, and validate financial and operational data.
- Improve reporting efficiency through automation and process improvements using Excel, Power BI, SQL, Python, or other analytical tools.
- Ensure compliance with internal financial controls, company policies, and accounting procedures.
- Cross-Functional Collaboration
- Work closely with Finance, Operations, Procurement, Program Management, and Engineering teams to resolve cost-related issues.
- Support customer program profitability reviews and cost management initiatives.
- Assist with audits, management reviews, and special financial projects as assigned.
- Participate in continuous improvement initiatives focused on operational excellence and cost optimization.
- Experience with ERP systems such as SAP, Oracle, or similar platforms.
- Strong understanding of manufacturing cost structures, inventory management, and variance analysis.
- Ability to analyze large datasets and communicate findings effectively.
- Professional proficiency in both Mandarin and English required.
- Bachelor’s degree in Finance, Accounting, Business Administration, Supply Chain Management, Economics, Industrial Engineering, or a related field.
- 2–5 years of experience in cost analysis, cost accounting, financial analysis, supply chain finance, manufacturing finance, or operational finance.
- Experience supporting manufacturing, electronics, EMS, PCBA, semiconductor, or industrial production environments strongly preferred.
- Experience with AP/AR processes and financial transaction workflows preferred.
- Experience in high-volume electronics manufacturing or contract manufacturing (EMS) environments.
- Familiarity with standard costing, inventory accounting, and manufacturing KPIs.
- Experience supporting server, networking, or cloud infrastructure manufacturing programs is a plus.
- Knowledge of lean manufacturing, continuous improvement, or operational excellence methodologies.
- Comprehensive benefits package including medical, dental, and vision insurance coverage.
- Basic life insurance and short-term disability coverage provided by employer.
- Supplemental life insurance and long-term disability coverage options available.
- 401K with employer contribution.
- Personal, Vacation, and Holiday paid time off for all full-time employees.
Vacancy posted 2 days ago
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