Financial Analyst

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Job Responsibilities:

• Salary Range: $69,000 - $79,000 per year
• Monitoring and tracking of customer tooling workorder budgets.
• Invoice completed tooling projects; follow up on collections, close out tooling inventory accounts.
• Prepare audit schedules related to customer tooling where required & assist with inquiries.
• Maintenance of standard manufacturing costs, review of Bill of Material accuracy, performs cost rolls.
• Co-ordinate with purchasing/business development to ensure cost data is accurate.
• Responsible for the inventory accounting cycle, reporting and variance analysis (includes MRO).
• Responsible for the completion of monthly journal entries, balance sheet reconciliations of all inventory and tooling accounts and analysis as assigned.
• Completion of various reports, internal and government.
• Providing financial support to the business units; supporting the annual budgeting and forecasting processes
• Participate in weekly APQP meetings.
• Knowledge of and ensures compliance with Magna International Finance Policy Database, as well as Magna Minimum Control Procedures.

Other Tasks:

• Continuously adhere to and apply the Magna Employee’s Charter, the Magna Corporate Constitution, and the Magna Operational Principles in all aspects of position and interaction with others.
• Effective use of MDV’s Escalation Process.
• Compliance to IATF customer requirements
• Attends all scheduled meetings and training.
• Understands and follows established rules, procedures and policies relating to position.
• Ensure a safe working environment by observing safe work practices and by following all safety policies and procedures.
• Other duties that may be assigned.

Education and Experience:

University degree in accounting or related field

• CMA/CPA designation (or near completion) is preferred.
• Four years’ experience in a manufacturing environment.
• High proficiency Excel skills.
• CMS experience is a plus.

Skills and Competencies:

• Results and detailed oriented
• Willingness to take ownership for tasks and responsibilities.
• Organized, poised and relaxed, able to meet prescribed deadlines, sometimes under pressure.
• Able to analyze data, recognize areas of concern, investigates and provides recommendations to Management.
• Strong oral and written communication skills.
• Work effectively with cross-functional teams.
• Detailed knowledge and understanding of GAAP

At Magna, we believe that a diverse workforce is critical to our success. That’s why we are proud to be an equal opportunity employer. We hire on the basis of experience and qualifications, and in consideration of job requirements, regardless of, in particular, color, ancestry, religion, gender, origin, sexual orientation, age, citizenship, marital status, disability or gender identity. 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.