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LG Magna e-Powertrain USA, Inc. is a newly established US subsidiary headquartered in South Korea, formed through a joint venture by LG Electronics Vehicle Solution and Magna International, created to bring new synergies based on LG’s electric vehicle component capabilities and Magna’s experience in the traditional automotive industry. Located in Southeast Michigan, LG Magna USA provides engineering, sales, and quality solutions for developing various electric vehicle products such as drive motors, power conversion devices, and related integrated systems. LG Magna USA, as part of the global LG Magna team, strives to become the global No.1 e-Mobility solution partner by providing the highest value technologies and products, securing profitable growth together with customers, and contributing to a sustainable society. Our team takes pride in driving progress by developing innovative solutions for electric vehicle industry customers. Powered by a culture of passion, teamwork, customer focus, initiative, and creativity, we are pushing the boundaries every day. With the philosophy that "people are the source of corporate competitiveness," we are committed to actively seeking out top talent and investing in career growth and development to retain exceptional people. We invite people to join our mission to create innovative solutions leading the trend in creating an eco-friendly, clean future through the electric vehicle industry, to drive a better life.
Overall Responsibilities:
This Senior Manager of Business Planning role leads business planning, forecasting, budgeting, cash flow management, risk analysis, and executive reporting to support strategic and operational decisions. The position is part of the leadership team and will analyze market intelligence, financial, operational, and workforce data to develop accurate financial models and performance insights to strengthen reporting processes and communicate business results. The role will be integral in communicating the business outlook to local management and our Korean headquarters and the parent company.
Major Tasks Listed Below:
- Provide market and business intelligence on automotive and EV industry trends, OEM customer outlooks, competitive developments, and other relevant market dynamics to support strategic decision-making.
- Analyze customer programs, vehicle and production volumes, pricing, profitability, and other key business drivers within an automotive or B2B manufacturing environment.
- Incorporate market, customer, competitive, and industry insights into mid- and long-term business planning, forecasting, and strategic growth initiatives.
- Assess business opportunities, risks, and sensitivities through scenario analysis to inform investment decisions, resource allocation, and mitigation strategies.
- Develop and maintain short-, medium-, and long-term business plans, budgets, forecasts, cash flow plans, and risk outlooks.
- Analyze and forecast financial, economic, operational, and workforce data to provide timely, data-driven insights for strategic and operational decision-making and business scenario planning.
- Lead complex financial analyses and business plan evaluations, providing management with recommendations that support company objectives and performance improvement.
- Serve as a cross-functional business partner, bringing a customer and commercial perspective to align Sales, Engineering, Purchasing, Operations, and Finance on business priorities and execution.
- Prepare and deliver comprehensive management reports and presentations on business operations, financial performance, forecasts, and outlooks in English and Korean.
- Develop and implement improved processes, procedures, and methods for financial analysis, reporting, performance tracking, and presentations; monitor their effectiveness and support KPI and organizational development.
- Monitor revenue, expenditures, and financial performance; maintain accurate records of assets, liabilities, and other transactions, including deferred revenue, in accordance with the company’s revenue recognition policy.
Qualifications:
- Bachelor’s degree in finance, Accounting, Business Administration, Economics, or a related field.
- Minimum of eight years of professional finance experience.
- Fluency in English and Korean, conversational or higher level of expertise is desirable to interpret the law and regulation in both US and Korea.
- Demonstrated ability to provide market and business intelligence and translate customer, competitive, and industry insights into strategic business plans, forecasts, and growth initiatives.
- Strong understanding of B2B manufacturing business drivers, including customer programs, pricing, profitability, volume, revenue, cost structure, and operational performance.
- Advanced skills in mid- and long-term business planning, forecasting, opportunity assessment, risk analysis, and scenario modeling built on the analysis financial and business data.
- Ability to evaluate business plans, investment opportunities, resource requirements, sensitivities, and risks, and develop clear recommendations for management decision-making.
- Knowledge of budgeting, cash flow planning, financial performance tracking, revenue recognition principles, and the maintenance of accurate financial records.
- Strong analytical and problem-solving skills, with the ability to interpret complex data, identify trends and key business drivers, and convert findings into actionable insights.
- Advanced proficiency in financial modeling, forecasting, data analysis, and reporting tools, including Excel spreadsheet and PowerPoint presentation software.
- Ability to develop and improve processes, procedures, performance measures, reporting methods, and analytical approaches to support KPI improvement and organizational development.
- Demonstrated ability to lead cross-functional initiatives and collaborate effectively with Sales, Engineering, Purchasing, Operations, Finance, Korean headquarters.
Preferred Qualifications:
- Master of Business Administration or a relevant professional credential, such as Project Management Professional, Certified Public Accountant, Chartered Financial Analyst, or another recognized finance certification.
- Working knowledge of International Financial Reporting Standards and U.S. Generally Accepted Accounting Principles.
- Experience with business intelligence or enterprise planning systems such as SAP.
- Strong knowledge of the automotive industry, including OEM customers, vehicle programs, production volumes, market trends, competitive dynamics, and relevant industry developments.
- Strong customer and commercial orientation, with the ability to understand business priorities and align stakeholders around strategic objectives and execution.
Applicants must be currently authorized to work in the United States on a full-time basis.
The employer will not sponsor applicants for a work visa.
Benefits Offered Full-Time Employees:
- No-cost employee premiums for you and your eligible dependents for competitive medical, dental, vision and prescription benefits.
- Auto enrollment with immediate vesting of competitive company matching contributions in a 401(k) Retirement Savings Plan with several investment options.
- Generous Paid Time Off program that includes company holidays and a combined bank of paid sick and vacation time.
- Performance based Short-Term Incentives (varies by role).
- Access to confidential mental health resources to help you and your loved ones improve your quality of life. Personal fitness goal incentives.
- Family orientated benefits such as paid parental leave and support for families raising children with learning, social, behavioral challenges, or developmental disabilities.
- Group Rate Life and Disability Insurance.
Benefits Offered Temporary/Contractors:
- Eligible for the relevant benefit programs offered through our partner agencies.
Privacy Notice to California Applicants
Applicants who need assistance or a reasonable accommodation during the hiring process may contact our team by phone at: 973-477-7090 or support@lg4me.freshdesk.com. This email and phone number will only reply to accommodation requests and is not intended for general employment inquiries.
All qualified applicants will be considered for employment without regard to race, color, religion, sex (including pregnancy, sexual orientation, or gender identity), national origin, age, disability, genetic information, protected veteran status, or any other characteristic protected by applicable federal, state, or local law.
In addition to the above, LG believes that pay transparency is a key part of diversity, equity, and inclusion. Our salary ranges take into account many factors in making compensation decisions including but not limited to skillset, experience, licensure, certifications, internal equity, and other business needs. While we consider geographic pay differentials in final offers, because we operate in many geographies where applicable, the salary range listed may not reflect all geographic differentials applied.
