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Senior Financial Analyst, Strategic Cost

Date: Apr 1, 2018

Location: SINGAPORE, 03, SG

Company: Micron

 

Req. ID: 116222 

As a Senior Finance Analyst on the Manufacturing Operations Strategic Cost Team, your primary focus will be on the Ideal Cost Project and Business Process.  The Ideal Cost project is an initiative within Back End Finance to develop models for costing to identify what the cost of every product in the manufacturing portfolio should be under ideal manufacturing conditions.  The primary uses of the models will be to:

  • Inform management of the initial gross margin potential for every product, allowing for the proactive adjustment of the product to improve the “ideal cost” to meet business plan objectives
  • Provide detailed information for cost negotiations for external manufacturing contracts
  • Compare to actual cost in order to drive ongoing cost reduction in BOM and process costs
  • Establish BOM cost tracking to track and deliver 7%-10% BOM cost reduction per year

 

Key responsibilities are as follows:

  • Leverages customer relationships to ensure Ideal cost model meets customer expectations; while ensuring project stays within scope set by Senior Management.
  • Collaborates with Product Engineering, Procurement, Planning, and other operations teams as needed, to develop a database of detailed inputs for the Ideal Cost models.
  • Exercises ability to solve highly complex problems related to the Ideal Cost model, in order to drive the project to completion.
  • Prepares ideal cost analyses for all products in the manufacturing portfolio, identifying gaps to actual costs and external quotes from Procurement.
  • Prepares ideal cost BOMs against actual BOMs to identify opportunities to renegotiate or reduce actual BOM costs.
  • Develops action plans to achieve ideal cost that will impact multiple sites and geographies in collaboration with operations groups.
  • Analyzes the Ideal Cost of new products before they enter production, to provide Business Units with an understanding of potential gross margin, and provide recommendations on how to improve manufacturing costs.
  • Leverages finance expertise and works with engineering to provide recommendations on where further investment should be made to improve the business, or where products should be outsourced to reduce cost and capital investment
  • Provide regular reviews of analysis and recommendations to key stakeholders in order to educate and influence long-term decisions.
  • Support Business Unit cost reduction efforts through the preparation and analysis of monthly cost reports, building up the total product costs from all manufacturing processes and provide insight to BU Finance teams on variances.

 

Systems Experience beneficial to success in the role:

  • SAP, Excel, PowerPoint, TM1

 

Skills Required:

  • Data mining and analysis
  • Problem solving
  • Multi-tasking and time management
  • Communication and presentation skills
  • Collaboration

 

Requirements:

  • Minimum 5 years in a finance analyst position in a manufacturing environment
  • Master’s degree in Accountancy, ACCA, ACMA, and /or MBA preferred
  • Familiarity with accounting & enterprise reporting systems (SAP, Cognos, TM1 preferred)
  • Strong knowledge of operations finance: financial planning, modeling, cost & inventory reporting
  • Independent financial analytical ability
  • Ability to provide decision support and recommendations, not just data

 

Location: F10N - 1 North Coast Drive, Singapore 757432


We recruit, hire, train, promote, discipline and provide other conditions of employment without regard to a person's race, color, religion, sex, age, national origin, disability, sexual orientation, gender identity and expression, pregnancy, veteran’s status, or other classifications protected under law.  This includes providing reasonable accommodation for team members' disabilities or religious beliefs and practices.


Each manager, supervisor and team member is responsible for carrying out this policy. The EEO Administrator in Human Resources is responsible for administration of this policy. The administrator will monitor compliance and is available to answer any questions on EEO matters.


To request assistance with the application process, please contact Micron’s Human Resources Department at 1-800-336-8918 (or 208-368-4748).


Keywords:  SINGAPORE || North West (SG-03) || Singapore (SG) || Backend Manufacturing || Experienced || Regular || Accounting/Finance || #LI-KL1 ||
 


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