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 200 campuses across 24 countries. In the US, Foxconn operates across 40 different sites with manufacturing operations in Virginia, Wisconsin, Ohio, Indiana, Texas and California. As of 2023, Foxconn ranks 32nd among the Fortune Global 500 and reported a revenue of approximately USD $213 billion in 2024. 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 for innovation in 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 Title: Cost Manager Reports To: Cost Management Manager Direct Reports: Cost Analyst Primary Function: This role will oversee the job function of the cost management team, communicate with operation management and finance to identify trends and opportunities for improvement, analyze and manage risk, arrange the funding and financing of operations, and to monitor and enforce compliance to company policy. Duties and Responsibilities: Handle questions and requests from local operation, accounting, finance and HR teams. Complete various reports and provide required documents (inventory, accounting, tax, auditor inquiry, insurance…, etc) as requested by headquarter management and central finance. Work with headquarter and each site to communicate and resolve various operation and accounting issues (budget/funding approval, entity/plant/accounting code update, Work with headquarter to prepare, update and manage adherence to regional authorization chart. Review AP documents (check request, petty cash, purchase requisition, purchase order, invoices) with local cost management team to ensure accuracy for approval as complied with company approval process regulations. Coordinate between departments in each site and external vendor/customer to resolve urgent payment/aging invoice issues. Issue FI and SD billings in SAP for specific projects. Handle SAP RTV/RMA credit return posting and monitor inventory adjustment. Maintain monthly billing log for each project, monitor customer payment status and pricing trend. Help to maintain sales/purchase organization data for customer/vendor code in SAP. Work with IT to resolve various SAP errors and maintain correct system setting for invoice billing. Maintain monthly expenses report for each site for management review. Review and approve expense cost transfer. Review process and SOW for new project, provide feedback on financial flow setup. Review and approve required documents to setup customer/vendor account. Monitor customer and vendor accounts to ensure most recent company detail is updated in SAP. Set up and maintain company data and operation user profiles for business transaction online accounts. Make business travel arrangements for employee with travel agency, review related travel document receipts for approval and follow up to close payment. Review monthly preliminary and actual P&L reports provided by central finance and headquarter CM and distribute to management teams. Feedback to headquarter CM for any data error in revenue/expense posting and make correction accordingly. Provide feedback and analysis regarding revenue/expense details in P&L to management teams. Work with local operation and headquarter CM to prepare annual budget and monthly forecast analysis. Review and adjust monthly spending target to meet profit margin set by upper management. Regularly review and update shared facility expenses allocation percentage with site manager based on current project headcount and space usage. Maintain headcount record to update any perm/temp employee status change in each site, submit monthly report to headquarter HR for review. Work with responsible supervisor and HR to ensure each employee is assigned to the correct project and cost code. Review and approve Personnel Action Form for temp employee hiring process, work with responsible supervisor to correct any error. Review weekly Inventory Aging Report, monitor inventory aging status to prevent material from aging. Work with local teams to clear aging inventory per headquarter requirement. Discuss with project managers on operation flow, resolve potential issues that may cause inventory shortage/overstock and customer payment delay. Coordinate with project managers and warehouse to perform physical inventory count for each project. Review material gain/loss. Manage fixed asset list for each entity. Perform other duties as assigned. Required Education Bachelor's degree Required Experience 5-7 years of order management and/or accounts receivable experience Foxconn provides equal employment opportunity (EEO) to all employees and job applicants, regardless of race, color, religion, sex, national origin, age, disability, or genetics. In addition to the requirements of federal law, Foxconn complies with applicable state and local laws governing nondiscrimination in employment at all locations in which the company has facilities. This policy applies to all terms and conditions of employment, including recruitment, hiring, placement, promotion, termination, layoff, retirement and transfer, absences, compensation, and training.
Job Title
Cost Manager