Controller, Plant

Magna International•Lancaster, OH

22h•Onsite

About The Position

This role serves as a strategic business partner to the General Manager and Leadership Team, providing financial guidance and recommendations to support operational and business decisions. The Controller will lead the development and execution of the division's financial strategy and objectives, promoting financial awareness and accountability throughout the organization. The position involves leading annual budget preparation and monthly forecasting processes, analyzing financial results, identifying risks and opportunities, and developing financial models. Responsibilities also include ensuring accurate financial close processes, maintaining the integrity of the general ledger, overseeing accounting functions, and ensuring timely reporting. The role requires oversight of standard costing, inventory valuation, monitoring manufacturing performance, and analyzing product profitability. Additionally, the Controller will ensure adherence to financial policies, compliance with SOX requirements, and coordinate audits. Treasury and cash management, including monitoring cash flow and working capital, are also key aspects of this role. The position emphasizes leadership, talent development, and fostering a culture of continuous improvement and operational excellence.

Requirements

Bachelor’s degree in Accounting, Finance, Business Administration, or related field required.
Minimum 7-10 years of progressive finance or accounting experience in a manufacturing environment – automotive experience preferred.
Minimum 5 years in a leadership role in a manufacturing environment – automotive experience preferred.
Experience with budgeting, forecasting, cost accounting, inventory management, and financial reporting.
Experience supporting operations within a high-volume manufacturing environment.
Strong understanding of manufacturing accounting and cost control principles.
Advanced financial analysis and problem-solving skills.
Demonstrated ability to influence and partner with cross-functional leaders.
Strong business acumen and strategic thinking capabilities.
Excellent communication and presentation skills.
Proficiency with SAP ERP systems and Microsoft Office applications, particularly Excel.
Proven leadership, coaching, and team development abilities.
Ability to manage multiple priorities in a fast-paced manufacturing environment.

Nice To Haves

CPA, CMA, or equivalent professional designation preferred.
automotive experience preferred.

Responsibilities

Serve as a strategic business partner to the General Manager and Leadership Team.
Provide financial guidance and recommendations to support operational and business decisions.
Lead the development and execution of the division's financial strategy and objectives.
Promote financial awareness and accountability throughout the organization.
Lead annual budget preparation and monthly forecasting processes.
Analyze actual financial results against budget, forecast, and prior year performance.
Identify risks, opportunities, and trends impacting divisional profitability.
Prepare and present monthly financial performance reviews to divisional and corporate leadership.
Develop financial models and business cases to support capital investments and operational initiatives.
Ensure accurate and timely month-end, quarter-end, and year-end financial close processes.
Prepare and review financial statements in accordance with Magna reporting requirements and applicable accounting standards.
Maintain the integrity of the general ledger and related financial systems.
Oversee all accounting functions, including accounts payable, accounts receivable, fixed assets, payroll accounting, and inventory accounting.
Ensure timely and accurate reporting to Magna corporate finance and external stakeholders as required.
Oversee standard costing and inventory valuation processes.
Monitor manufacturing performance, labor efficiency, overhead spending, material usage, and inventory controls.
Analyze product profitability and support customer quoting activities.
Review and validate cost savings initiatives and operational improvement projects.
Partner with operations to identify opportunities to improve plant financial performance.
Ensure adherence to Magna financial policies, procedures, and internal control requirements.
Maintain compliance with SOX requirements where applicable.
Coordinate internal and external audits and implement corrective actions as necessary.
Safeguard company assets through strong financial controls and risk management practices.
Ensure compliance with applicable federal, state, provincial, and local financial regulations.
Monitor divisional cash flow and working capital performance.
Manage banking relationships and treasury activities as required.
Optimize inventory, receivables, and payables to improve cash flow and financial performance.
Acts with integrity, accountability, and professionalism.
Promotes a culture of continuous improvement and operational excellence.
Collaborates effectively across divisions and corporate functions.
Supports Magna’s commitment to quality, safety, environmental responsibility, and customer satisfaction.
Lead, mentor, and develop the finance team.
Establish performance objectives and development plans for department personnel.
Foster a culture of accountability, continuous improvement, and employee engagement.
Support succession planning and talent development initiatives within the finance organization.