Cost Management Specialist

Job Description

Job Description

Company Overview:

Established in Taiwan in 1974, Hon Hai Technology Group, commonly known as Foxconn, is the world’s largest electronics manufacturer and leading provider of technological solutions with a network of over 233 campuses across 24 countries. In the US, Foxconn employs 8,000 across 56 different sites with manufacturing operations in Virginia, Wisconsin, Ohio, Indiana, Texas, and California. As of 2025, Foxconn ranks 28th among the Fortune Global 500 and reported revenue of approximately USD $259 billion.

The company’s diverse product offerings span four major segments: smart consumer electronics, cloud, and networking solutions, computing, and various other components. Foxconn makes 40% of the consumer electronics that we find in our everyday lives. In recent years, Hon Hai has adopted the 3+3 strategy, focusing on three emerging industries - electric vehicles, digital health solutions, and robotics - while leveraging three key technologies: next-generation communications, artificial intelligence (AI), and semiconductors. Together, these initiatives position the company as a leader in innovation for the 21st century. 

Hon Hai Technology Group is deeply committed to championing environmental sustainability within its manufacturing processes. By integrating sustainability into its operations framework, the company strives to serve as a best-practice model for global enterprises, enhancing corporate responsibility while meeting the growing demand for environmentally conscious production methods. 

Job Summary:

The Cost Management Specialist is responsible for supporting financial planning, budgeting, forecasting, cost analysis, and reporting to improve operational efficiency and profitability. This role develops financial models, monitors business performance and key financial metrics, and provides actionable insights to support management decisions, investment evaluations, pricing strategies, and cost optimization. The Cost Management Specialist collaborates with cross-functional teams to ensure accurate financial data and projections, supports improvements to financial systems and processes, and maintains high standards of accuracy, financial integrity, and transparent communication.

Duties and Responsibilities:

• Conduct financial planning, budgeting, and forecasting activities to support the company’s strategic initiatives, as well as develop and maintain financial models and reports to analyze business performance, identify trends, and provide insights to senior management. 
• Collaborate with cross-functional teams to gather financial data, validate assumptions, ensure accuracy of financial projections, and provide ad hoc financial analysis and support to senior management as required. 
• Prepare regular financial reports, including variance analysis, KPIs and key financial metrics, and present findings to stakeholders, while staying updated with industry trends, economic factors, and regulatory changes that may impact financial planning and analysis activities. 
• Assist in the development and implementation of financial strategies to optimize operational efficiency and profitability and participate in the development and improvement of financial planning systems, tools and processes to enhance accuracy.
• Perform financial analysis to support decision-making process, including investment evaluations, pricing strategies, and cost optimization.

Education:

• Bachelor’s degree in finance or accounting. 
• A master's degree or professional certification (e.g., CPA) is preferred.

Experience:

• 3+ years of proven experience working experience in financial planning and analysis, budgeting, and forecasting.
• Strong knowledge of accounting principles, financial regulations, and industry best practices.
• Experience with ERP systems and proficiency in financial data extraction, analysis and reporting. 

Physical Demands & Working Conditions:

Primarily works in an office environment with extended periods of sitting and computer use. May occasionally walk through office, manufacturing, or operational areas to gather cost and production information. May lift or carry documents, files, or office equipment up to 15 lbs. Requires visual attention to detailed financial data and the ability to work effectively under deadlines.

EEOC Statement

Foxconn is an equal opportunity employer that is committed to diversity and inclusion in the workplace. Foxconn prohibits discrimination and harassment of any kind and provides equal employment opportunities (EEO) to all employees and applicants for employment without regard to race, color, gender, religion, sex, sexual orientation, ethnicity or national origin, age, disability, marital status, genetics, pregnancy, or any other protected characteristic as outlined by federal law. In addition to federal law requirements, Foxconn complies with applicable state and local laws governing nondiscrimination in employment in every location in which the company has facilities. This policy applies to all terms and conditions of employment, including recruiting, hiring, placement, promotion, termination, layoff, recall, and transfer, leaves of absence, compensation, and training.