Finance Analyst Setúbal

Finance Analyst
Setúbal
Setúbal, Setubal, Portugal

EMEA Regional Finance Business Partner – Material Cost Analysis

Enabling a
- defined, electrified future.

Visteon is a technology company that develops and builds innovative digital cockpit and electrification products at the
- edge of the mobility revolution. Founded in 2000, Visteon brings decades of automotive intelligence combined with Silicon Valley speed to apply global insights that help transform the
- defined vehicle of the future for many of the world’s largest OEMs. The company employs 10, 000 employees in 18 countries around the globe.

Mission of the Role: We are looking for a versatile and analytical professional to join our team as a Finance Business Partner specializing in material cost analysis to play a critical role in driving financial insights and strategic
- making within the Regional FP&A department. Your primary focus will be on Purchase Price Variance (PPV) and Value Analysis/Value Engineering (VAVE) initiatives to proactively drive actions that align the business goals on cost efficiency. The successful candidate will work collaboratively with
- functional teams to improve reporting, analyze financial data, and drive actions to
- saving opportunities.

Key Objectives of this Role:

• Material Cost Analysis & Reporting:
  • Analyze material costs, with a specific focus on PPV and VAVE initiatives.
  • Track, monitor, and report variances between actual and planned material costs.
  • Develop and present clear, actionable financial reports and dashboards that support the tracking of
    - saving.
  • Develop regular reports and dashboards to communicate insights to stakeholders.
• Driving Actions on PPV (Purchase Price Variance):
  • Partner with sourcing teams to forecast PPV impacts.
  • Ensure alignment of PPV analysis with monthly forecasts and annual budgets.
  • Monitor and enforce accountability for PPV performance through regular reviews and action plans with relevant teams.
• Driving Actions on VAVE (Value Analysis/ Value Engineering):
  • Collaborate with engineering, R&D, product delivery, and operations teams to prioritize VAVE actions on cost savings and financial impacts of VAVE initiatives.
  • Drive tracking of VAVE initiatives, ensuring alignment with strategic objectives.
  • Support
    - making by providing
    - time financial data and
    - if scenario analyses.
  • Identify risks and opportunities related to VAVE initiatives in the financial plans.
• Business Partnering & Collaboration:
  • Influence and guide other departments to take proactive actions that align with PPV and VAVE targets.
  • Facilitate discussions with key stakeholders to resolve issues, align priorities, and execute the initiatives effectively and timely.
• Process Improvement:
  • Drive process improvements in material cost analysis and reporting tools to enhance accuracy and efficiency.
  • Support system enhancements and automation efforts for data analysis and reporting.

Key Performance Indicators:

• VAVE Cost Saving & Efficiency
• PPV Cost Saving & Efficiency
• Material Cost on Sales
• Idea-to-Implementation Rate
• Cycle time of cost saving

Key Year One Deliverables:

• VAVE Cost Saving & Efficiency reaching the target.
• PPV Cost Saving & Efficiency reaching the target.
• Material Cost on Sales reaching the target.
• Implementation of the culture for Cycle time of cost saving.

Qualification, Experience and Skills:

• Education: Bachelor’s degree in finance, Accounting, Engineering, Business Administration, or related field.
• Experience:
  • 3-5 years of experience in financial analysis, material cost, or cost engineering within the automotive or manufacturing sector.
• Skills:
  • Technical:
    • Strong understanding of financial modeling, cost analysis, PPV, and VAVE principles.
    • Experience with ERP systems and costing tools.
    • Knowledge of automotive industry metrics such as BOM analysis, PPM, OEE, and material costs.
  • Soft:
    • Results-Driven
    • Exceptional analytical and
      - solving skills
    • Strong communication and presentation skills to interact with technical and
      - technical audiences.
    • Ability to manage multiple priorities and work collaboratively in
      - functional teams.
    • Experience in
      - functional collaboration and working in a matrix organization.

Key Leadership Behaviors:

• Ownership and Accountability
• Inspire Change
• Critical Thinking
• Collaboration
• Innovative
• Market Insight

Reporting Structure: Reports to EMEA Regional FP&A Senior Manager.

Visteon Culture: If you thrive in a
- paced organizational culture that requires agility, adaptability, and a growth mindset from its employees to thrive and stay ahead of the curve, Visteon is the place. We value high performance and a drive for results. Innovation,
- taking, and continuous learning help us keep up with the
- changing landscape of our industry and be market leaders. At Visteon, you can be more.