Financial Analyst

About the role

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What we offer

• At Magna, you can expect an engaging and dynamic environment where you can help to develop industry-leading automotive technologies.
• We invest in our employees, providing them with the support and resources they need to succeed.
• As a member of our global team, you can expect exciting, varied responsibilities as well as a wide range of development prospects.
• Because we believe that your career path should be as unique as you are.

Group Summary

Magna is an innovative leader in the development and manufacturing of high quality complete seating systems. Our solution includes seating structures, mechanisms and hardware, as well as foam and trim products for global automotive, heavy truck and bus industries. Our capabilities include market and consumer research; full concept development; design and engineering capabilities; testing, validation and world-class manufacturing. Our award-winning seating solutions are developed from consumer research, finding the ease of operation to be comfortable, convenient and connected.

What we offer

At Magna, we invest in our employees, providing them with the support and resources they need to succeed. As a member of our global team, you can expect exciting, varied responsibilities as well as a wide range of development prospects because we believe that your career path should be as unique as you are.

Benefits

• *Medical/Dental/Vision/Prescription
• *Short and Long term disability
• *Company paid life insurance and AD&D coverage
• *401k with a company match
• *Flexible Spending Account
• *H.S.A (with qualifying medical plan)
• *Profit Sharing (after 2 years service)
• *Plant Quarterly Bonus opportunity
• *Safety Shoe Allowance
• *Vacation (based on length of service)
• *10 Paid Holidays
• *3 Paid Personal Days, 1 sick day
• *Tuition Reimbursement
• *Magna Family Scholarship Program

Group Summary

Candidates MUST have manufacturing experience. Automotive manufacturing is a plus.

Required Skills/experience

• Professional accounting designation (CMA, CGA, CPA or CA)
• A minimum of five (5) years post qualification experience in accounting in a manufacturing setting
• Experience in automotive manufacturing is an asset.
• Practical, relevant experience with Microsoft Office.
• Good math skills and the ability to analyze data.
• Strong listening and communication (verbal and written) skills.
• Attention to detail and strong organizational skills.
• Ability to work well in a fast paced environment and with a variable workload (flexible hours).
• Ability to understand, anticipate and follow direction while exercising maturity of judgement.
• Must be able to interact effectively with other team members.
• Ability to maintain confidentiality, and use discretion and tact.

Duties

• Complete accurate and consistent accounting records
• Adherence to Government and Corporate policies and procedures
• Perform banking functions and bank reconciliations as required
• Review all capital expenditures to ensure proper account code distribution
• Maintain monthly fixed assets addition schedule and all supporting documents
• Maintain monthly tooling and analysis reconciliation schedule
• Maintain, manage, track and update program related Purchase Orders and cash disbursements related to programs
• Update the program proforma income statements as required
• Reconcile balance sheet accounts related to tooling inventory, fixed assets and prepare journal entries periodically
• Support engineering and program managers with various tasks such as entering requisitions
• Responsible to review and analyze various cost accounts and prepare required journal entries for month end close
• Prepare and input journal entries into the general ledger related to tooling and fixed assets
• Prepare various variance analysis actual versus budget and forecast
• Work closely with AR and AP team to ensure all invoices related to tooling programs are prepared on time and fully supported
• Prepare, update and fully understand various Microsoft excel spreadsheets for various analysis and reconciliations
• Assist the Controller and Assistant Controller in the preparation of the financial section of the business plan and the periodic forecast, along with tasks related to audits
• Perform miscellaneous other accounting functions as requested by the Assistant Controller and Controller
• Other duties as required.

Awareness, Unity, Empowerment

• At Magna, we believe that a diverse workforce is critical to our success.
• Magna takes the privacy of your personal information seriously.
• We discourage you from sending applications via email or traditional mail to comply with GDPR requirements and your local Data Privacy Law.

AI-Assisted Screening Disclosure

As part of our commitment to a fair, consistent, and efficient recruitment process, we may use artificial intelligence (AI) tools to assist in the initial screening of applications submitted through our Workday system. These tools help identify qualifications and experience that align with the role requirements. Please note that AI is used solely to support our recruiters.

• Final decisions are always made by the hiring manager and the hiring team.
• Importantly, no applicant data is shared externally through these AI tools.
• All information remains securely within our systems and is handled in accordance with our privacy and data protection policies.

• Under conditions defined by applicable law, you may have the right to request an explanation of how AI is used to support decision-making.
• If you have any questions or concerns about this process, feel free to contact our Talent Attraction team.
• Worker Type: Regular / Permanent
• Group: Magna Seating