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:
Transforming mobility. Making automotive technology that is smarter, cleaner, safer and lighter. That's what we're passionate about at Magna Electronics, and we do it by creating world-class Electronic systems. We are a premier supplier for the global automotive industry with full capabilities in design, development, testing and manufacturing of complex Electronic systems. Our name stands for quality, environmental consciousness, and safety. Innovation is what drives us and we drive innovation. Dream big and create the future of mobility at Magna Electronics.
Job Responsibilities:
POSITION SUMMARY:
Accountable for consolidating, analyzing and reporting the financial transactions of the divisions manufacturing operations. Develop annual department business plan and quarterly forecast and related modelling tools. Template development of business plan and load to OneStream. Able to query and consolidate data from various sources, including SAP, OneStream, internal databases and report through Power BI. Analyzes financial plans and projections and provides information to management under minimal direction. Analyzes and interprets actual performance to plan, explains key variances, and makes recommendations for action, including MOH and SGA account improvements and margin analysis. Maintain regular interaction with Group Office and support template file updates and ad/hoc requests.
REQUIRED SKILLS/EXPERIENCE:
- Bachelor's degree with a major in accounting or finance required.
- Minimum of 5 years experience as a financial analyst required, in the automotive industry preferred.
- Knowledge of US GAAP.
- Strong financial and data analysis skills.
- Proficient advanced computer skills, knowledge in Microsoft Excel, PowerPoint, Word, etc.
- Proficient advanced computer-based application software for manufacturing databases (preferred experience with SAP, OneStream & Power BI).
- Good verbal and written communication skills combined with interpersonal skills.
DUTIES:
- Generate key financial reports and monthly key operating metrics for distribution to executive management.
- Participate in monthly meetings to review, understand, and document major performance variances.
- Update monthly performance scorecards for reporting and understand key drivers for result fluctuations.
- Develop department budgets and load to dashboard system.
- Develop Power BI load and reporting process and report monthly.
- Track and report on plant P&L account and detail activity, with a focus on manufacturing overhead and selling good and administrative cost drivers.
- Support program profitability analysis.
- Assist in the preparation of the quarterly review materials for executive management.
- Assist with planning and communication to product groups and regional teams for reporting timelines (quarter end, year-end etc.)
- Follow-up with product groups and operating entities on data integrity in the financial reporting system (One Stream).
- Assist with preparation of month-end and quarterly review files to ensure appropriate documentation are maintained for audit review.
- Assist in the division budget and forecast preparation through analytics and data integrity.
- Assist all members of Magna Electronics Finance with support and queries with financial reporting system (One Stream).
- Support Controller and division leadership as needed with ad hoc projects and External/internal audit reviews.
Awareness, Unity, Empowerment:
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 to comply with GDPR requirements and your local Data Privacy Law.
Worker Type:
Regular / Permanent
Group:
Magna Electronics
