Financial Planning and Analysis Manager - Profitability & Incentives
Date: Jan 2, 2025
Location: Irvine, California, US, 92606
Company: Kia America, Inc.
At Kia, we’re creating award-winning products and redefining what value means in the automotive industry. It takes a special group of individuals to do what we do, and we do it together. Our culture is fast-paced, collaborative, and innovative. Our people thrive on thinking differently and challenging the status quo. We are creating something special here, a culture of learning and opportunity, where you can help Kia achieve big things and most importantly, feel passionate and connected to your work every day.
Kia provides team members with competitive benefits including premium paid medical, dental and vision coverage for you and your dependents, 401(k) plan matching of 100% up to 6% of the salary deferral, and paid time off. Kia also offers company lease and purchase programs, company-wide holiday shutdown, paid volunteer hours, and premium lifestyle amenities at our corporate campus in Irvine, California.
Status
Summary
The Financial Planning and Analysis manager, Incentive/Profitability (FP&A manager) will play a leading role in reviewing and analyzing various vehicle financing programs (APR/Lease), vehicle gross profit/product competitiveness, and parts (including warranty/parts profit disallowance (PPD) business’ operational efficiency. This position will perform a detailed variance analysis and feasibility study on aforementioned areas, manage key risk factors (i.e. interest rate, default risk, warranty rejection rate, etc.), and provide comprehensive financial reports to the executive management while supervising team member(s). This position will also perform ad-hoc financial analysis as needed.
Major Responsibilities
1st Priority - 30%
Oversight and management of monthly vehicle incentive programs including APR/Lease programs and preparation of executive management report. Provide detailed variance analysis on financial results on a regular basis.
2nd Priority - 25%
Perform detailed analysis on vehicle gross profit for each model and trim including product mix analysis and provide variance analysis and recommendations (actual profit vs. planned profit).
Oversee the data analysis for product competitiveness management (price competitiveness, transaction price analysis, etc.).
3rd Priority - 20%
Perform and provide detailed analysis on parts business including parts sales, port-installed-options sales, warranty, and PPD.
4th Priority - 15%
Perform various ad-hoc financial analyses as needed (interest rate impact analysis, produce mix optimization, etc.).
5th Priority - 10%
Supervise team member(s) and be responsible for their professional development.
Education/Certification
- Bachelor’s degree in Business Administration, Accounting, Finance, or closely related field
Overall Experience
- 8-10 years of professional work experience in corporate finance field
- Automotive industry experience is a plus
Directly Related Experience
- 6-8 years of financial reporting (both internal and external), budget management, and financial project analysis experience in corporate environment
- Experience in SAP/SAP BW and AS400 highly desirable
- Previous experience with vehicle financing, vehicle pricing, and automotive parts management is a plus
- Supervisory experience is a plus
Skills
Competencies
Pay Range
$84,364 - $117,304
Pay will be based on several variables that are unique to each candidate, including but not limited to, job-related skills, experience, relevant education or training, etc.
Equal Employment Opportunities
KUS provides equal employment opportunities (EEO) to all employees and applicants for employment without regard to race, color, religion, ancestry, national origin, sex, including pregnancy and childbirth and related medical conditions, gender, gender identity, gender expression, age, legally protected physical disability or mental disability, legally protected medical condition, marital status, sexual orientation, family care or medical leave status, protected veteran or military status, genetic information or any other characteristic protected by applicable law. KUS complies with applicable law governing non-discrimination in employment in every location in which KUS has offices. The KUS EEO policy applies to all areas of employment, including recruitment, hiring, training, promotion, compensation, benefits, discipline, termination and all other privileges, terms and conditions of employment.
Disclaimer: The above information on this job description has been designed to indicate the general nature and level of work performed by employees within this classification and for this position. It is not designed to contain or be interpreted as a comprehensive inventory of all duties, responsibilities, and qualifications required of employees assigned to this job.
Nearest Major Market: Irvine California
Nearest Secondary Market: Los Angeles
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