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Volkswagen AG Logo Volkswagen AG · Finance

Material Cost Associate

United States, Chattanooga · Job Posted February 06, 2026
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Job Description

The Material Cost Controlling Associate is supporting economic success of the Product Engineering Process (PEP) of their responsible parts with a lifetime decision value up to $250 Million USD. A key responsibility is providing cost analysis and insights to enable financial decision-making aimed at achieving economic profit targets for VW projects. He / She will be assigned to specific parts within the engineering structure of the vehicle (Fachgruppe), managing material costs at the part by part level and reporting cost progress throughout the lifecycle of the PEP. He/She will be the representative from finance for both the Fachgruppe meeting and Aeko round for all Chattanooga projects. This function is part of the North America Region (NAR) Finance Product Controlling and reports to the head of the Material Cost Controlling team. This role can apply for internal combusion engine vehicles (ICE) or battery electric vehicles (BEV)

Job Responsibility

  • Manage the part numbers and technical details for the parts that he/she is responsible for
  • Align and steer material cost alignment activities for each project with the other departments (ie Engineering, Project Management, and Purchasing partners)
  • Update the material cost for each project according to the Product Engineering Process (PEP)
  • Prepare financial data presentations and report to Fachgruppe & Product Team level committees
  • Prepare material cost comparison overviews and benchmark prices from other projects
  • Support purchasing processes from sourcing to SOP, including supplier nominations, engineering changes (aeko), lifecycle introduction, and business case evaluation
  • Manage parts resulting in an annual spending between $150 million to $250 Million USD
  • Act as the finance representative in the Fachgruppe & Set team meetings for his/her responsible parts
  • Act as the finance representative in the AEKO Round for his/her responsible parts
  • Support additional financial evaluations for various business cases
  • Support escalation topics related to material cost
  • Support weekly PKK meetings to discuss cost optimization ideas to reduce the material cost of the project

Requirements

  • 0 to 3 years experience
  • Bachelor's degree in Finance, Engineering, Business, or Accounting
  • Good analytical capability
  • Willingness to learn and take initiatives
  • Good communication, organization and teamwork skills
  • Good attitude in a new learning environment
  • Experience in using MS Office
  • Excellent motivation
  • Excellent communication skills (Written & verbal)
  • Great MS Office knowledge (especially Excel & PowerPoint) and overall computer skills
  • Varying working hours due to project driven workload
  • Good stress resistance
  • Willingness to travel per business needs (domestic and international)

Nice to have

  • Additional foreign language experience (Spanish/German)
  • Entry level experience with the Bill of Materials or 2D/3D drawings
  • Entry level knowledge about purchasing processes and systems
  • Any internship, Co-Op, or other experiences
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